It was never intended as a welfare program; correct?

You are going to pay in. We are going to save this money for you, and then you are going to pay it out in retirement.

the top one percent taxpayers pays more than 40 percent of the total income tax burden.

I would warn you trying to raise marginal tax rates to the extent you want to is going to really harm economic growth.

the Chairman's solution to this is tax the wealthy.

This would literally turn at least a good chunk of Social Security into more of a general welfare program.

This would literally turn at least a good chunk of Social Security into more of a general welfare program.

anybody who has just hit like $100,000, I mean the maximum. What is the maximum amount of earnings right now subject to the tax?

the maximum amount of earnings right now subject to the tax? $168,800, I do believe.

You are going to pay in. We are going to save this money for you, and then you are going to pay it out in retirement.

the maximum amount of earnings right now subject to the tax? $168,800, I do believe.