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elleng

(135,883 posts)
Fri Aug 21, 2015, 10:49 AM Aug 2015

O’Malley: Expand Social Security With Tax on High Earners.Bloomberg

Americans should pay 6.2% Social Security tax on earnings above $250k to pay for expanding benefits to all retirees “in progressive manner,” Democratic presidential candidate Martin O’Malley says in position paper.

Minimum benefit should be raised to 125% of poverty level for Americans who worked 30 yrs: O’Malley
NOTE: Under current law, workers pay 6.2% Social Security tax up to cap of $118,500

http://www.bloomberg.com/politics/articles/2015-08-21/o-malley-expand-social-security-with-tax-on-high-earners

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O’Malley: Expand Social Security With Tax on High Earners.Bloomberg (Original Post) elleng Aug 2015 OP
Remove the cap and have medicare for all. nt. WDIM Aug 2015 #1
Medicare and Social Security are two different things. Raine1967 Aug 2015 #3
I'm hearing good ideas from O'Malley. We might have two ladjf Aug 2015 #2
K&R. n/t FSogol Aug 2015 #4

Raine1967

(11,607 posts)
3. Medicare and Social Security are two different things.
Fri Aug 21, 2015, 07:29 PM
Aug 2015

What you propose is a pretty simplistic idea, but fist it is important to distinguish that these are separate programs.

One more thing: the idea of expanding them is a great idea, but it is important to understand the idea of path dependance. Here's a pretty god explanation about it regarding the topic. http://www.fourfreedomsblog.com/Blog.php?Act=ViewBlogPost&BlogID=2622



Nice to meet you WDIM.

ladjf

(17,320 posts)
2. I'm hearing good ideas from O'Malley. We might have two
Fri Aug 21, 2015, 12:12 PM
Aug 2015

Dem. candidates that want to help America solve some important problems.

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