You seem to have skipped over the fact that I made two suggestions, the second of which was most of the sentence: cap the payout to match. If someone pays into Social Security based on only 0.01% of their yearly income, their payout should match. If they pay based on 95%, because they make just a little bit more than the current cap, is it really so awful if their payout is also at 95%? Remember, the higher earners almost always have other means of income, whether pension or investments, etc.
4 Likes
