Eliminate the regressive nature of the Social Security tax by taxing 100% of income instead of only the first $110,100

As of 2012, only the first $110,100 of income is subject to the social security tax. This is a REGRESSIVE tax, meaning that those who earn $110,100 or less pay SS tax on 100% of their income (100% effective tax), while any income above that amount is not taxed at all. This should be eliminated immediately, and the SS tax be restructured in brackets and applied to 100% of income, exactly like the income tax.