CAP on Social Security Report | National Catholic Reporter

CAP on Social Security Report | National Catholic Reporter by MSW.  MGB: The only out of control entitlement the right wing never seems to mention is interest on the debt, which is paid to their donors, as well as others who use it as a stable financial instrument.  Of course, they don't mention it because the appropriate remedy is higher taxes on the rich.  As for Social Security, some changes are needed.  The Employer contribution should be credited equally to all workers, not as a match to the employee levy (which might be better dispensed with) and it should be funded by a consumption tax (with no cap) - a Value Added Tax if we keep the same program and a Net Business Receipts Tax (on employers, not transactions) if we wish to have offsets for personal retirement accounts holding employer voting stock - not some kind of index fund which makes management less accountable to anyone while subsidizing brokerages who process the trades.  Selling internally means no fees to process and the eventual end of Capitalism as workers control the means of production - all without a revolution.