Again, SS was designed to be a fairly funded retirement plan, where your contributions determined most of your payout. The amount of the contributions were designed to fund those payouts, and nothing more.
Of course we can remove the contribution cap, but now it's not a retirement plan funding mechanism, it's an income tax that has no justification for retirement plan funding.
Of course we can remove the contribution cap, but now it's not a retirement plan funding mechanism, it's an income tax that has no justification for retirement plan funding.