FOR ESSAYS GURU ONLY 50a
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Class,How I played the game, winning by securing a future, of the Social Security Game was through Revenue Increases. Basically, if the worry is you are going to run out of money with a program then you need to adjust by adding more money into that basket. For me it made more sense to pursue Revenue Increase.Raise Payroll Tax Rate- Option I selected was 6.6% increase as this was the last drastic percentage increase, but enough to increase total contribution to the Social Security Fund. This netted me a total of 28%.Subject Higher Wages to Social Security Payroll Tax- I selected option a: No maximum on earnings subject to tax, no Increase to benefits. This made sense that everyone regardless of income should contribute a percentage equivalent to what they earn. Choosing this option netted me a total of 88%.Subject Benefits to Higher Taxes- I selected this as for the same previous response benefit equivalent to earning. This option got me 8%.After playing around with some options I wish I had gone with Apply Payroll Tax to Health Care Premiums which would have netted a 32% score towards winning the game. It makes more sense to choose this option over my first, and third because it, with my understanding, the firm or employer would add to the contribution as well.
8 years ago
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