Letter: Expand Social Security
President Franklin D. Roosevelt signed the Social Security Act into law in 1935. The country was suffering through the Great Depression, and millions of people were out of work.
The program was originally intended, and still acts today, as a social insurance program. Big Money interests have pushed Congress to end or drastically reduce government involvement in retirement programs and health care, while at the same time giving more tax breaks to the rich.
Their mandate is to chain Social Security to the Consumer Price Index, which would reduce benefits over time, under the conviction that seniors and other recipients could purchase lower quality goods just to get by.
We need a Social Security system that keeps in line with the Consumer Price Index and provides a living wage for those who have made a lifetime of contributions.
Saving Social Security has become an important goal for the vast majority of the American people who understand that two-thirds of seniors depend on Social Security for the majority of their income. Currently, there is a cap on earnings that are subject to the Social Security tax.
Billionaires pay no more toward Social Security than those who earn less than .012 percent of their total wealth. By simply removing this loophole, so that the richest 10 percent pay their fair share, we could expand Social Security in order to allow it to keep pace with the Consumer Price Index and also work to ensure that it will be there for future generations.