Hey kiddos, Mom and Dad here. Let's talk turkey - specifically about those turkeys who want to cut Social Security benefits. What’s up with that?
Well, it sure as heck isn't because of the deficit. Social Security's trust fund has a $2.8 trillion surplus right now -- enough to pay everyone's benefits in full until 2035. If you hear some punk say Social Security is going broke, they're blowing more smoke than a chimney.
Here’s the reality: Social Security would pay full benefits for another 35 years – that means for you and even your kids (hint, hint) -- if the wealthiest among us were required to contribute their fair share.*
Right now, everyone pays Social Security taxes on the first $160,200 they earn. That means most people pay Social Security taxes on their whole paycheck. But a whole lot of wealthy people -- folks with bigger paychecks that most of us -- don’t pay a dime in Social Security taxes above that amount.
Not to get all parental -- it's your life -- but this is important stuff. Because unless you tell Congress to "Scrap the Cap" they could cut Social Security benefits -- and we might be movin' in. Go here to tell the President and Congress to take care of it: [ Ссылка ]
Hugs,
Mom and Dad
*Details here: [ Ссылка ].
About The Video:
Produced by Social Security Works - Washington and Economic Opportunity Institute
Directed and Edited by Ben Pelhan
