Quote:
Originally Posted by Schneed10
I would agree with raising the cap. When the cap was set it was done in a time when $100K was a real high salary.
The age of eligibility and the cap both need to get with the times. We live longer now, and $250K is the new $100K. Put both in line relative to when the plan was instituted and then you've got something. It's a mathematically objective notion too.
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Raising the cap is a lot better than raising the retirement age. Even though people are living longer the wear and tear on the body on a lot of manual labor jobs hasn't changed since social security was implemented.