Ray From Cleveland
Diamond Member
- Aug 16, 2015
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those who make less get a higher percentage of their SS contributions in monthly payments and those at the top of SS payers get a lower percentage of their SS contributions in monthly payments.
this is how it has always worked....
so raising the cap DOES HELP shore up the program.
Also, for construction workers or hard labor workers, they can withdraw money from their 401k's / IRA's etc, earlier than the rest of us, without penalty for early withdraw....if due to physical job stress...
This can get them by until SS is avail or...
A similar program can be developed for SS where heavy lifting job workers can retire earlier...
Well then you're creating different categories for different people.
To put it another way, I don't do much in the way of heavy lifting. I'm a truck driver. So the question I have is, do you want to be the person in the car in front of me when I'm 68 years old piloting a 75,000 lbs vehicle when highway traffic comes to a sudden stop?