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" There are some who believe that such high rates would create an intolerable burden on low-income and middle-income families. This is a false argument that ignores the substantial increase in real earnings that these families will enjoy at the same time... "
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Financing the Social Security System: Hearings Before the Subcommittee on ...

United States. Congress. House. Committee on Ways and Means. Subcommittee on Social Security - 1975 - 714 pages
...are some who believe that such high rates would creatf an intolerable burden on low and middle income families. This is a false argument that ignores the...years is only an increase of 0.2 percent per year. The higher tax would absorb only one-tonth of the annual wage growth of 2 percent. Stated somewhat...
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