This would literally turn at least a good chunk of Social Security into more of a general welfare program.
It was never intended as a welfare program; correct?
I think you are not going to get even close to the revenue you think you are going to get, because you are going to create a huge disincenti...
I would warn you trying to raise marginal tax rates to the extent you want to is going to really harm economic growth.
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.
Well again, anybody who has just hit like $100,000, I mean the maximum.
You pay it in, you earn money in investment, and then you get the money out, right?
It is literally more like you have a piece of paper that says $20 and you are saying I have got 20 bucks.