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Thanks for the raise, kids

About what? The fact that social security is going to be defunct decades before I retire but I had to pay thousands upon thousands to fund you?

Given all those years I paid in it would be great if I had had the opportunity to invest it myself. But I didn't invent the system. I don't need it now but I don't think I'll give it back.
 
Lengthen age requirement, increase max wages subject to FICA are two ways
I doubt the "lengthen age requirement" will ever get serious votes, it's a real senior monster no no/vote killer.

I like increasing taxes on those individuals making more than $200, 000 per year.

Don't they now project SS going broke/pay deficit by 2033? They'll have to recalculate that, yet again. Although gov. revenue is great now, they still may be deficit paying by 2030, if things don't get better.




More home generators & gardens

Less Spending
 
Defunct? No way. Even with zero changes the program could pay out about 75% of current benefits for longer than you'll likely live.
"... 75% of ... "

That's just it, millions now can't get by with only 75% of what they now receive. There are a hell of a lot of poor people out there.







E PLURIBUS UNUM
 
Nope. Owners own five stores in the area.

True story. The Bton store has hit it's sales goal and set sales records every month since I've been there. I remind the store manager and the owner of that regularly.
So maybe you three can figure out why?
 
So maybe you three can figure out why?
I saw a news story on tv a couple of days ago. Fed. gov incoming revenue is great now. Problems are, inflation, supply shortages, employers can't find enough people willing to work, so their current employees are working tons of mandatory overtime.




The more things change

The more they stay the same
 
I know a fair number of seniors who rant regularly about socialism. But I've never met one who refused SS or Medicare on principle.
Those seniors collecting social security and Medicare aren’t sucking off free socialist “stuff”. Most likely they will never live long enough to collect all the social security and Medicare they paid in.
 
Defunct? No way. Even with zero changes the program could pay out about 75% of current benefits for longer than you'll likely live.
I dunno. Have you seen his cardio regimen? Pretty explosive.
 
I know a fair number of seniors who rant regularly about socialism. But I've never met one who refused SS or Medicare on principle.
I've heard talk of continuing the SS payments (basically about) like they are now, but make the pay outs depend on a need for income basis. Say you retire, & your net worth is above $400, 000, they may decrease the amount of SS/benefits you get, depending on your financial status. I could see something like that passing congress, easier than raising the age limit requirement.
 
Those seniors collecting social security and Medicare aren’t sucking off free socialist “stuff”. Most likely they will never live long enough to collect all the social security and Medicare they paid in.
The majority of Social Security beneficiaries draw out more than they ever paid in.

The quickest, simplest, and most "fair" fix would be to eliminate the cap on earnings subject to SS withholding. Not sure of the actual number, but that supposedly puts the insolvency date far out into the future.
 
The majority of Social Security beneficiaries draw out more than they ever paid in.

The quickest, simplest, and most "fair" fix would be to eliminate the cap on earnings subject to SS withholding. Not sure of the actual number, but that supposedly puts the insolvency date far out into the future.
Sounds good, but maybe not so good for some DC (R)s? I could see Cruz, Paul, Graham, Jordan, ect., ect... the 'Freedom Caucus', 'Club for Growth' & big business fighting that.

"The majority of ..."

Benefits keep increasing, as we (until the last 2 yrs.) live longer.

SS planers never accounted for that when they began the program, 1934/35?
 
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I know a fair number of seniors who rant regularly about socialism. But I've never met one who refused SS or Medicare on principle.
That's because SS and Medicare are self-funded.

Are you really this ignorant?
 
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The majority of Social Security beneficiaries draw out more than they ever paid in.

The quickest, simplest, and most "fair" fix would be to eliminate the cap on earnings subject to SS withholding. Not sure of the actual number, but that supposedly puts the insolvency date far out into the future.
What about all the people who pay in and die before they're eligible?

You're going to have to post a link to prove that the majority draw out 'far more' than they paid in. And don't forget to figure in the interest they could have earned or the percentage increase they would have had if they'd have put their SS contributions into a S&P Index fund.
 
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The majority of Social Security beneficiaries draw out more than they ever paid in.

The quickest, simplest, and most "fair" fix would be to eliminate the cap on earnings subject to SS withholding. Not sure of the actual number, but that supposedly puts the insolvency date far out into the future.
Correct. And I don't begrudge them one bit. Collecting FICA tax on every dollar earned prevents insolvency permanently.

I've never been a supporter of raising the age for max benefits. My pop is 84. He worked his entire life at jobs that were physically demanding. Never made more than 35k any year in his life and put three kids through college, often working one full-time and two part-time jobs in his prime. His only pension aside from ss is a small PERF because his employer didn't pay in until his last 10 years or so. When he retired at age 66 from his full-time job, both knees were shot. Not only had he earned his break, but he for sure couldn't have been productive until age 70 in that job. He still worked part-time until he was 82, mostly because he couldn't stand not working. I'm retiring in May 2023 at age 63 and the old man is still convinced I'll be miserable not going to work every day. I told him I'm going to give it a hell of a go.

Of course if you are a bank president, or a fvcking Senator, working 'til 70 is no problem. Folks with jobs that demand physical stamina are genearally the least able to do those jobs after age 65 and the least likely to have employer-sponsored pensions.
 
What about all the people who pay in and die before they're eligible?

You're going to have to post a link to prove that the majority draw out 'far more' than they paid in. And don't forget to figure in the interest they could have earned or the percentage increase they would have had if they'd have put their SS contributions into a S&P Index fund.
Doesn't it depend on your health, when you were born/how long you worked/paid in & wealth?

In other words, if you are born sick, poor & have no one but big brother/gov. to help you, yes, you will probably draw out more than you put in, but you probably won't live that long either.

There are a lot of poor people out there.

Answer: means testing/deducting

If you don't need the full amount of benefits, maybe you (in the near future) shouldn't be entitled to the full benefits/what you paid in?
 
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That's because SS and Medicare are self-funded.

Are you really this ignorant?
No they aren't. My folks are drawing my generation's contributions, I'll be drawing those of my kids'. And besides, a tax is a tax is a tax - and when it funds a program for the collective good, it is by definition socialist. "Socialism" is just a buzz word to trigger dipshits like you. And I don't need to even ask if you are really this ignorant. You prove it here every day.
 
Those seniors collecting social security and Medicare aren’t sucking off free socialist “stuff”. Most likely they will never live long enough to collect all the social security and Medicare they paid in.
Oh really ? And what "free socialist stuff" are they not "sucking off" that others are ? My wife has a prescription that costs $500 a month. When she hits 65 and is medicare-eligible, that same prescription will cost less than $100 a month. Granted, that's not "free", but it's a hell of a discount don't you think ?

My brother-in-law owns a huge farming operation. Was born into it. He's probably worth in the neighborhood of $10 million. Constantly bitches about the taxes he pays and freeloaders on welfare. Yet that hypocritical c0cksvcker rakes in more in ag subsidies than I make in a year. Farm subsidies are the biggest form of welfare in the US and the vast majority of that money goes to people earning six-figure or higher incomes.

About 75% of all dollars paid to recipients of income-basedassistance programs returns to the economy in the form of their routine and necessary living expenses. Outside of the taxes he pays, I'm guessing my b-i-l returns far less than half. Hell, he even charges his own daughter market-rate rent for an old farmhouse he inherited from his grandmother.
 
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