Social Security 2100 Act: Reform in 2019!?! | Devin Carroll

Are they really so worried that Trump will get a second term that they are trying to bribe the voters already?

 

Well you just described a ponzi scheme and your solution is confiscate from some rich folks because YOU are owed money. Boo hoo.

 

No, I have been paying into this program all my life and I don't want to see reduced benefits for the money I put in. The wealthy have been doing very well and have been taking most of the economic growth so they can pay a little more in taxes and do just fine.

 

Lets not forget the millions who paid into it but got disabled and now collect SSDI!

Oh thats right, just screw the population, you dont need them!

 

Well your idea to just end the problem with 5% interest isn't practical. What about the people who are already collecting? Many of them have already gotten more than they paid into the program. Are you going to present them a bill?

 

1. Tell people the money you forcefully confiscate from them will be put aside for their retirement.
2. Take that money and spend it irresponsibly.
3. Reward that irresponsibility by raising taxes.
4. When the tax payers dies before retirement, give the family $250 and keep the rest!!! Yay
5. Use more tax payer dollars to subsidize food and drugs that are known to shorten life.
6. Watch the gullible cheer them on for forcing us to pay them to kill us.

 

No, just send them a notice saying "Sorry, no more money, you're all paid out. If you don't like it, then you shouldn't have relied on the government and took responsibility for yourself."

 

Turn about is fair play.

Don't expect government to keep your roads repaired, your airlines safe, or anyone from confiscating your possessions, either.

 

99% of roads are state roads, not federal. Airlines are private and can handle their own safety. You can try to confiscate my possessions right after I introduce you to the wrong end of a barrel.

 

So, States aren't governments?

You want fairness for yourself and no one else. Abandon the social compact at your own peril.

 

How many thousands did you put in and how many do you expect to get out?

 

Well I'm sure that will really grab the votes of the 61 million people who are currently collecting Social Security.

 

Hello, McFly, we are talking about the ponzi scheme called Social Security. That's not state government, fyi.

 

If we include the employer share, then probably about $40,000. I want at least a good fraction of what I put in out of social security. I put in enough into social security that it significantly reduces what I could have personally invested, so paying a lot into social security and getting nothing out of it is royally screwing me.

 

Cant raid the rich for everything.

At what level would you kick it in? Will middle class people who have inherited a family farm years ago have to sell it to pay your wealth tax or will it kick in above a huge threshold?

 

Government is government. You don't get to pick the good parts and spit out the rest...unless you want to leave and shift your apparently nonexistent allegiance.

 

Agreed but the increase is only going to occur at a rate of 0.05% per year until 2044 so an increase that small is not going to make a significant impact IMO.

 

And the vast MAJORITY of We the People are DISGUSTED with the GREEDY wealthy elite SCREWING the middle and lower classes out of their retirement benefits.

 

Those people are the LARGEST VOTING BLOC in the nation that you are screwing over.

They will throw the sorry bums that took away their SS out of office so hard that they will never recover!

 

It is still getting to where I would much rather set that kind of money aside in my own HSA and retirement than rely on Social Security. It would be nice if it were at least optional. Wasn't it originally billed as such, back when it was introduced? But now the SSN is a de facto identification number and everyone is simply forced into it at birth, with no recourse for leaving, and it is already massively expensive for someone like me to pay into.

 

Me too, and the new tax law seems to have made this a whole lot worse, because it looks like you'll pay 14.8% on 70% of your total income. In the past self-employed paid payroll on a much smaller percentage of their income, like 40%.

 

I feel your pain because I am in the same situation.

However this is the PRICE that we are paying for allowing the Wall Street Casino Bosses to strip mine both the Pension Funds and the 401k's of hardworking Americans.

If it was up to me the SS tax would be graduated in accordance with the Federal tax rates without any cap on income. Furthermore 100% of all Capital Gains would be taxed at the same rates.

We do need a National ID system and that could be done via FICA regulations to ensure that it is securely validated.

While this might sound strange the Social Security system is one of the best of it's kind in the world. It has managed to achieve it's goal of keeping the elderly out of poverty for generations. That it needs the occasional tweaking is just SOP because nothing is perfect and things change over time.

I would hate to imagine what we as a nation would be facing with Boomers retiring on ONLY the pittance that they have left after the rapacious depredations of the Wall Street Casino Bosses. At least 60% of Boomers would be impoverished immediately upon retirement and another 20% would join them shortly thereafter. Only a mere 20% have either funded pensions or enough in 401k's to retire comfortably.

 

name occupations that keep employees on in their 70's, other than our politicians... continually raising the minimum age to collect is bs for those that paid in their entire lives and are now have to wait additional years to collect 'their' money, it's not a government handout, this is these people's money...

 

For the closed-minded who think there is no other way...some places in Texas that ditched SS:

https://www.forbes.com/sites/merril...security-accounts-and-prospered/#af57d2432832

 

Look, if the ratio of payers to recievers is 1 to 2, the program just isn't going to work as a solid retirement program. It just isn't. I wish we could make the minimum age 55, but that just isn't practical. What we should aim for is to pay for people's social security for a certain number of years of end of life. 14 year for the average person is just too long to afford especially with an aging population and rising life expectancy.

People in their late 60s can:
Work. Companies do not ban old people.
Retire on their own savings for a few years.
Rely on their children to help them.

I wish this was better but reality is tough. Maybe if we become a richer nation we can afford a better program. An alternative is to have tax-payer funded retirement accounts for everyone, but transitioning to that will screw both current retirees and current taxpayers. But that alternative will mean a lot more money when you retire, the working class will have a share in corporate ownership and corporate profits.