Why Taxing the Rich is the Wrong Way to Fix Social Security
It may feel good to jack up payments by wealthier earners, but Social Security is a safety net, not a tax collector. How do you categorize the money that comes out of your paycheck to fund Social Security? Do you consider that deduction to be a tax, or a mandatory contribution into a retirement account, or an insurance premium? For many people, the answer is a tax. That’s what I heard from the majority of readers who responded to my most recent column…Read More
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