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Lawrence Lessig on Social Security

 

 


Privatizing Social Security is a sure path to insecurity

We as a society need to guarantee that when we are old, or if we are infirm, we will have the support we need. We secure that guarantee by setting these resources apart from the market. Privatizing Social Security is a sure path to insecurity for most.

I would also support removing the cap on contributions to Social Security (without necessarily proportionally increasing the benefits paid.) Any increase in taxes will be incredibly difficult until The First Reform is enacted. But when Republicans and Democrats alike are free to consider the views of voters rather than funders, we will return to the objective of Social Security: security.

Source: 2016 presidential campaign website Lessig2016.us, `Issues` , Oct 29, 2015

Apply same Social Security rate to all levels of income

Taxes in America should be progressive and efficient. Today they are neither. We have capped Social Security contributions at a regressively low amount.

I would support abolishing the contribution cap for Social Security, applying the same Social Security rate to all levels of income. I would consider a proposal to offset any reduction in corporate tax with increased progressivity in income tax.

Source: 2016 presidential campaign website Lessig2016.us, `Issues` , Oct 29, 2015

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Page last updated: Aug 18, 2016