Isn’t it funny how the Greenspan Commission in 1983 managed to get all federal civilian employees hired after 1983, all members of Congress, all federal judges, and the President and Vice-President covered for the first time (despite the fact they had generous pensions already)? How much did that add to the burden?
All we need to do is either raise the cap or make those who don’t pay their full share into the fund because of the cap to be similarly capped in payout. Why should working people alone bear the burden of giving the wealthy and powerful more money with few strings attached? Because that’s really the problem: higher payout goes to those who need it the least and have paid a lower percentage of tax into the fund, leaving less money available for those who’ve actually worked for a living and paid into the fund based on 100% of their income.
