@LizMacDonaldFOX These blowhards know this but they are just pandering to far left to win the socialist vote. Imagine if they actually focused on governing.
Let's add the part you deliberately left out, Senator since math is not your strong suit.
The cap is $184,500. Above it, the 12.4% stops, on both the worker and the employer. You want to "scrap" that and tax every dollar. So here's the math you skipped:
A two-income household, say a veteran engineer married to a pharmacist, or two experienced electricians running a small contracting business, pulling in $300,000 between them would pay 12.4% on the extra ~$115,000. That's about $14,000 more per year, every year, for life. Half lands on the employer, raising the cost to employ people, which holds wages down for everyone below.
Now the part that exposes the whole scam. Social Security has a benefit cap too. The most anyone collects retiring at full age in 2026 is $4,152/month, no matter how much they pay in. Earnings above the cap don't add a single dollar to your benefit.
So you're not asking them to "invest" more. You're forcing them to pay in thousands more and get nothing back. Money confiscated, never returned.
This was always a Ponzi scheme, not a retirement account. No invested savings, no return tied to what you paid. Just today's workers taxed to pay today's retirees, surviving only while each generation outnumbers the last.
You don't fix that fraud by enlarging it. You stop forcing people into it.