Keep the Social Security Program Strong

Written By Werner Neff

The Social Security Administration runs a program called Old-Age, Survivors, and Disability Insurance. This program was created in 1935 to give people financial support when they retire, if they become disabled, or if their spouse or parent passes away. In short, it acts as both a retirement plan and a safety net for families.

How it’s funded
Social Security is paid for mainly through payroll taxes. When people earn wages or a salary, a portion of their paycheck goes directly into the system. These contributions are collected by the Internal Revenue Service.

Right now, only earnings up to $168,600 per year are taxed for Social Security. Any income above that is not included.

A possible solution
Because funding Social Security is a challenge, one idea is to remove the cap. This would mean that all income, no matter how high, would be taxed for Social Security. Supporters believe this change could bring in more money and help keep the program strong for the future.

Werner Neff

Werner Neff was born in Zurich, Switzerland. He holds a Ph.D. in Political Science from Freie Universität Berlin and a master’s degree in economics from the Universität St. Gallen. His professional career included leadership positions in the hospitality industry before moving into banking, where he specialized in small business lending and mortgage finance for one of Switzerland's leading banks.

After retiring in 2010, Werner and his American wife relocated to the United States. Inspired by his lifelong interest in democratic institutions and public policy, he began a second career as an author and political economist.

His books explore the principles of democracy, constitutional government, civic responsibility, and economic policy from a non-partisan perspective. Drawing on his European background and his experience living in the United States, he seeks to encourage informed citizenship, ethical leadership, and constructive dialogue among Americans who care about preserving and strengthening their constitutional republic.

https://www.wernerneff.com
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