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When Liverpool John Lennon had suggested a compulsory security levy, there was strong opposition from airlines such as easyJet.
The security levy, she said, could be as much as $10 a ticket, on top of already-expensive fares and airport taxes, which may also rise.
This isn't hard, as French residents pay a standard 10% social security levy and a number of tiered rates up to 54% for those earning around £30,000 and above.
This is a little over 6% of the GDP forecast for this year, about the average for most developing countries, but higher than last year (see chart).Part of these war costs will be recouped through a national security levy, a tax on a wide range of goods and services.
The danger: The amount of income liable to the Social Security levy (now $68,400) would be substantially raised or removed.
One way Democrats think they can address that gap is to maintain a payroll tax cut that reduces the Social Security levy, leaving workers with $1,000 extra in their pockets -- or more at the higher end of the pay scale.
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(Mr. Reagan also approved three more major tax increases, starting with higher Social Security levies in 1983).
Airlines also worry that with seats unfilled and fare discounting under way, they will not be able to pass new security levies on to fliers.
Social security levies have been lowered by 31%.
The higher Social Security levies enacted in the early 1980s were, thankfully, overwhelmed by the massive Reagan income tax reductions.
Young people should have the choice of staying in the current system or of investing part-and eventually the bulk-of their Social Security levies in their own PRAs.
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