Politics and Money

[properlynumb]

I'm a day behind in reading the posts.

Insurance rates go up, and Social Security is an insurance.
There is a limit on wages (about $110,000) subject to total benefits.
1972 rate was $9,000.00 wages earned per year.
2013 will have a limit of $113,700.

http://www.socialsecurity.gov/planners/maxtax.htm


The real problem is the rate of change for the average workers' pay.
The average or nominal pay for individuals hasn't advanced as inflation and/or devaluation of the currency they received as payment for work and products that were purchased.

In other words:
Work=energy is true in physics and monetary distribution of value.
If no energy is used to produce currency then a distribution of wealth is a false.

Social Security was built on a solid foundation.
It's the disparage of currency/wealth that skews the system.

It's a basic problem of the American economy.