VetOfTheSeas@discuss.online to Work Reform@lemmy.world · 12 days agoIt's riggeddiscuss.onlineimagemessage-square140linkfedilinkarrow-up11.15K
arrow-up11.15KimageIt's riggeddiscuss.onlineVetOfTheSeas@discuss.online to Work Reform@lemmy.world · 12 days agomessage-square140linkfedilink
minus-squarefizzle@quokk.aulinkfedilinkEnglisharrow-up9·12 days agoAre the benefits you might receive dependent on how much you contribute? This seems very “American”. As in, superior American-style-freedom because everyone pays for their own social security.
minus-squareLastYearsIrritant@sopuli.xyzlinkfedilinkEnglisharrow-up10·12 days agoSocial security has a max payout, so it also has a cap on the taxes you pay into it. At a surface level, it makes sense, which is why it continues. Once you look into it even a little bit further, the max payout needs to stay, but the tax cap needs to be removed.
minus-squareFlexibleToast@lemmy.worldlinkfedilinkEnglisharrow-up8·12 days agoI’m pretty sure they are. The more you pay into the system, the more you get at retirement age. But, it’s also capped. I’m assuming that’s the rationale behind capping the tax.
Are the benefits you might receive dependent on how much you contribute?
This seems very “American”. As in, superior American-style-freedom because everyone pays for their own social security.
Social security has a max payout, so it also has a cap on the taxes you pay into it.
At a surface level, it makes sense, which is why it continues.
Once you look into it even a little bit further, the max payout needs to stay, but the tax cap needs to be removed.
I’m pretty sure they are. The more you pay into the system, the more you get at retirement age. But, it’s also capped. I’m assuming that’s the rationale behind capping the tax.