[Buckeye McFrog]

I wonder how she expects that to happen?

1) Extend the FICA tax to all levels of income, above the current $113K (i.e. soak those EEEEEEVIL rich)

2) A Tobin Tax (per-transaction tax on Wall Street)

Both would be met by 70+% approval in polling and wild applause by the low-infos. Republicans would, of course, cave.

[justlurking]

Extend the FICA tax to all levels of income, above the current $113K (i.e. soak those EEEEEEVIL rich)

It would have very little effect. The Social Security Administration has evaluated many variations of this proposal:

http://www.ssa.gov/OACT/solvency/provisions/payrolltax.html

These are the two relatively simple ones:

Eliminate the taxable maximum in years 2015 and later, and apply full 12.4 percent payroll tax rate to all earnings. Do not provide benefit credit for earnings above the current-law taxable maximum.

Eliminate the taxable maximum in years 2015 and later, and apply full 12.4 percent payroll tax rate to all earnings. Provide benefit credit for earnings above the current-law taxable maximum.

The difference: since benefits are derived from taxed wage income, simply eliminating the cap would also increase the benefit for those affected. It won't increase much (due to the way benefits are calculated), but it will increase.

The first one eliminates the cap for the tax, but retains the cap for benefits. The second one eliminates the cap for both. Short version: all either proposal does is kick the can down the road a little further. It doesn't fix the underlying problem.