And that understates the matter: Most rich people get a significant percentage of their income on ways that aren’t subject to SS and Medicare taxes from dollar ONE, let alone after $90k. E.g., dividends.

The problem: need to anchor the currency “by creating mass demand” without impacting the ability to raise capital “large investors”.

The solution: implement a tax that takes from the poor a significant disproportionate amount of their income while leaving out the greater than 90k income out for the rich.

Do you ever wonder why the government doesn’t include future Social Security and Medicare liabilities on the books, because it never plans on meeting those future liabilities or fulfilling those promises.

All the more reason that Socialist Security should be eliminated. Just call government aid what it is: welfare for the lazy, stupid and a small % of people who are just unfortunate.

So when you do your fuzzy math hypotheticals, factor in the cost of a lifetime disability plan (good luck finding that at any price) and save enought to fund your spouse with a monthly income (adjusted for inflation) until your children reach 18.

Turn my retirement over to the theives on Wall St? Yeah right.