this post was submitted on 14 Jul 2026
1078 points (98.5% liked)

Work Reform

16834 readers
187 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 3 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] osanna@lemmy.vg 19 points 1 day ago* (last edited 1 day ago) (2 children)

You can thank reagan for that. Before him, the megawealthy were taxed a LOT (i don't have exact figures, but it was something like 60%). Then reagan came in with his bullshit "trickle down economy" and that was that.

edit: just saw this is about social security funds, not taxes.

[–] Mycatiskai@lemmy.ca 6 points 21 hours ago

There is a cap on social security tax so after you earn past the cap you don't pay anything extra.

Elon Musk pays the same amount as a person who makes 190k a year.

Take away the cap and social security would be funded forever and a day.

I learned a lot about this by watching Sam Seder talk about SS. It is one of his hot topics.

[–] turdburglar@piefed.social 9 points 1 day ago (1 children)

i mean social security is taxes tho

[–] osanna@lemmy.vg 3 points 1 day ago

oh, I'm not american and not entirely sure. Thanks for the correction.