As the saying goes, if you want less of something, tax it. Recently, a House bill was proposed that would raise the taxable income cap for Social Security to about $400,000. Although there seem to be many reasons to cheer, would this create unintended consequences? What could be done instead? Is privatization the way to go? Join James Harrigan and Antony Davies this week as they suggest an elegant solution to a sticky situation on this week’s episode of Words & Numbers.

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Quick hits

Ladybugs:

https://www.usnews.com/news/national-news/articles/2019-06-06/cloud-of-ladybugs-in-california-so-large-it-appears-on-weather-radar

Influencer can’t sell 26 shirts:

https://www.indy100.com/article/instagram-influencer-arii-t-shirt-sales-followers-fail-twitter-response-8936836

Foolishness of the week

Over-the-counter birth control:

https://www.livescience.com/24940-birth-control-pill-over-the-counter.html

 

Topic of the week: Social Security

The SECURE Act:

https://www.bankrate.com/retirement/how-secure-act-could-impact-retirement-savings/

Join the conversation

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Antony Davies on Twitter:

https://twitter.com/antonydavies

James R. Harrigan on Twitter:

https://twitter.com/JamesRHarrigan

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