How Republicans, Democrats and the Mega-Wealthy Stole Your Social Security Money
“The government’s $2.5 trillion debt to Social Security is the real reason that so many politicians want to cut benefits.
They are trying to find a way to avoid having to repay the looted money…. Given the fact that much of the surplus revenue from the 1983 payroll tax hike ended up in the pockets of the super rich in the form of income tax cuts, I propose a special tax on this group of taxpayers to recoup the missing Social Security money.
The government used revenue from the Social Security payroll tax hike to fund tax cuts for the rich because that was where the money was. I think the government should recover the ‘embezzled’ money by taxing the rich.”