Not Sharing the Wealth

Perhaps this is better late than never. I found it in the "to be blogged" pile. From the Wall Street Journal 7/21/09. "Top earner's pay is seen eroding social security," by Ellen E. Schultz:

Executives and other highly compensated employees now receive more than one-third of all pay in the U.S., according to a Wall Street Journal analysis of Social Security Administration data -- without counting billions of dollars more in pay that remains off federal radar screens that measure wages and salaries.

This doesn't include stock options and other incentives. Above a certain amount of money salaries are not taxed for social security. Ten people earning $100,000 pay considerably more into the social security trust than one person earning $1,000,000.

The Wall Street Journal is not what you would call a working man's paper so if they are taking note of this perhaps we should too.