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A comment on The frequent fliers who flew too much. Parent comment

Re:The frequent fliers who flew too much by datasage on Monday May 07, 2012 @10:07AM (#3939019)
What it did not account for is a shift in the wealth gap and a stagnation of wages, relative to inflation, for a majority of people.

The wage base will need to be adjusted to reflect these changes. The last time it was changed was 20 years ago under Reagan.

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Re:The frequent fliers who flew too much by tokenadult on Monday May 07, 2012 @11:24AM (#3939355)
20 years ago under Reagan

30 years ago, to the nearest decade. That was the change in Social Security policies that raised my retirement age and the tax rate that I pay into the system. My standard retirement age is just after Medicare "exhausts," that is runs out of accumulated funds to pay full benefits to people who have been paying into the system for their entire working lives.

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