I didn't say it was the metric; I said it should be.
Why? ... honest curiosity ... folks are already paying SS taxes on this money at 7.65% ... why not shimmy the brackets instead ...
people ,making the bottom wage should be tax exempt; they're already getting banged for other payroll taxes along with sales taxes and now they even tax utility bills.I also agree that SS should be cut back with the MW raise, to somewhere near 2.5-3% per contributor, or 5-6% total. The deficits can be made up from the projects it was raise for, like a road tax and taxes on fuel and batteries etc., and put back into a SS fund, an in turn the payouts also raised to reflect real inflation.
Also, some labor categories should be allow to draw it in full early, like construction laborers, truck drivers, and others prone to early injury. Somebody who sat on their asses in careers can wait a couple more years to start drawing it, while raising the cutoff levels of wages that pay in.