YOU CLEARLY SUPPORTED AN INCREASE IN THE PAYROLL TAX PERCENTAGE, ABOVE!
You said, clearly, that an increase in the rate had not happened recently, had not happened since a certain date, and that such an increase in the payroll tax rate would be better than removing or raising the cap.
Now, I do think a total removal of the cap on earnings subject to the payroll tax would be stupid, economically.
There is great incentive for people to try and earn MORE than the “cap” today, since that gives them a bit of a “booster rocket” increase in take home pay.
The incentive to earn MORE than the cap amount helps more people REACH the cap, which means more revenue to the govt. However, there are not many supply siders or people who understand incentives, in Congress or the White House.
YOU HAVE A READING COMPREHENSION PROBLEM.
There is great incentive for people to try and earn MORE than the “cap” today, since that gives them a bit of a “booster rocket” increase in take home pay.
LOL. With that kind of reasoning, I can understand why you hold the views you do.