The current government shutdown really brings to light all the complexities that our government faces when trying to balance a budget. We need certain services, but where should the line be drawn to prevent overspending? Undoubtedly, certain government programs will be facing cutbacks if a true overhaul of our national budget is to be achieved. While Social Security is not one of the hot topics being discussed during our current budget crisis, it is a topic that is often referenced as not being sustainable for future generations.
If you are someone that depends on Social Security now, or you know someone who does, then you are probably aware that there have been two freezes in the past four years. You may even be worried about the future of Social Security, both short and long term. Did you know that we are only taxed on the first $110,000 that we make in a calendar year? Depending on whose statistics you are going off of, only 3%-15% of Americans make an annual salary over $110,000. In order to ensure the security of Social Security, the cap should be raised or removed completely. That is not to say that the rich should be taxed more, but everybody should contribute the same percentage of their annual income to be fair.
There are numerous problems with how government spends our hard earned tax dollars. Social Security is only one problem in an embarrassing list of many. In order to see positive change we, American taxpayers, need to take a more active role. Sign a petition to get rid of the Social Security cap and browse through other petitions at Change.org to add your voice to issues that are important to you.