Bell Book Candle

Rather than cut benefits to the elderly under a chained CPI, it is time to consider expanding Social Security by calculating annual benefit increases using CPI-E, an expanded CPI, CPI for the elderly that calculates the true cost of living for actual, living and breathing human beings. The cost of living increase for 2014 is only 1.5% when food, medical expenses and insurance are up at double-digit rates. I would finance expanded Social Security by means of a Robin Hood tax on financial transactions. Wall Street is setting new highs. Let those who can afford to pay a bit more in taxes help those who cannot.

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