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

Have you ever wondered that if we keep giving all these resources to the week our society will become financially burdened and will be full of weak people. Its a little darwinian to think about.

 

No, middle class families will be completely from the wealth tax. We can only raise taxes on the rich so much, so we can then close loopholes, and then after that, we have to raise the retirement age.

 

Well, I worked for 27 years, then my life came as close as it could to end.....I got a second chance in life.....Sad part is, on SSDI I make about 20% of what I used to.....Another reason its called SS Insurance!

 

The other problem is that the Gov't stole the interest that SS was earning. Not to long ago this interest was contributing over 200 Billion a year into Federal coffers. Had this money been allowed to accumulate we would not have the problem we do. What happened should never have been allowed.

Regardless - the Gov't took that money based on the promise that it would pay it back - meet its obligations. To now turn around and default on that obligation is moral hazard on steroids.

 

No, you don't tell people that planed on a certain level of retirement that they no longer have it. And it is a retirement plan. Please tell me what a plan should be called that you pay money in for 45 years and then get money out after 45 years. I am collecting now after working 50 years. SS gives me 50% of my income. You want to use my money for 50 years and then tell me you are going to give me 5% interest on it.

Now if you want to do that for everybody say 45 and under who still have almost 25 years to retire and plan, I could find that more reasonable.

What should be done IMO is a guaranteed retirement income of 1.5% of the poverty line for every family. it is about 18,000 for a family of 2. Millionaires get it and poor people get it the same. This country is nuts, we ask our companies to pay for our healthcare and 1/2 of our retirement. That is nuts- their job is to make profits for thier shareholders, not to pay for social programs.

1.Bring corporate taxes down to 15%
2. Flat tax of 30% on ALL income after federal poverty level. ($12,000) no deductions. And 5% 401k deduction for the first 250,000 of income.

Then the government provides single payer insurance and guaranteed income of 1.5 poverty level after 45 years of work.

The flat tax then has some progressivity as the more well off subside the less well off in Insurance. But everyone pays taxes.

 

After reading these sob story posts, I'm damn glad I've wrote off SS and don't want a dime from the government.

 

The government doesn't provide jack ****, taxpayers do.

SS is NOT a retirement plan, period. If you invested your own damn money, then when you kicked the bucket, your estate could keep the investment......SS, on the other hand, it just gone.

Every one of these so-called solutions to fix SS is nothing but Socialist ideals.

 

My retirement pension plan from at work stops when I am dead too, what does that have to do with it being a retirement plan, it is not a savings plan. My Fidelity 401k is a savings plan that passes on to my wife and kids.

 

Well, as far as it goes, you don't want to be on the end of the line and all you get is to turn the lights off.

 

A retirement plan is a 401K. A pension is just like SS, except that your employer is handling the money instead of the Feds. There is no guarantee with a pension plan either. You die you get nothing. Your employer goes bankrupt you could get nothing.

When are you people going to figure out that if someone else is handling your future instead of you, that when things go down the toilet you shouldn't be asking for taxpayer bailouts?

 

It may have been a 'social suplement' when it was created, and people were supposed to have a pension too, and savings, but those things aren't available to most people any more.

 

I would probably agree with you unless I won the lottery.

 

LOL. Those voters are going to really grab the politicians who dare touch SS.

 

iow, raise the age limit until no one can actually collect it...

average lifespan has been decreasing for the last several years, as it stands now, for men it's 76, & woman it's 81...

so men get the privilege of receiving their hard earned ss for a whopping 6 years, while woman enjoy it for 11 years... raise it ti 72, as you suggested, and we only get 4 years worth... sounds like somethin to look forward to, doesn't it

https://www.statista.com/statistics/274513/life-expectancy-in-north-america/

 

Well my pension plan has a spouse benefit that I take 80% and if she outlasts me the benefits go to her. and My pension is not with my employer but with a 3rd party- Prudential, I have 5 years of my last years worth income in my 401K. My house has been paid for over 15 years and I pay cash for everything including cars. I have not yet even taken a disbursement out of my 401k and don't plan to until I have to. I don't need financial advice.

 

The local GOVERNMENTS and UNIONS came up with a PENSION PLAN for their employees?

Why is this a SURPRISE to the extreme rightwing who APPLAUDED when the Wall Street Casino Bosses were LOOTING pension plans and devising ways to strip mine 401k assets?

It is BECAUSE the Wall Street Casino Bosses were STEALING pensions and 401k's that SS is the ONLY surviving safety net. If they had NOT been so GREEDY and AVARICIOUS this problem would NEVER have occurred in the first place.

Shortsighted SELFISHNESS and a FAILURE to appreciate the ramifications of the GOP's fiscal malfeasance is NOT the fault of the SSA.

Those alternative pension plans should ALWAYS have been PROTECTED from the depredations of the Wall Street Casino Bosses. Republican/Libertarian DEREGULATIONS aided and abetted the criminal LOOTING of what should have been the SAVINGS of hardworking Americans.

 

SS is INSURANCE as opposed to an INVESTMENT!

If you have the money to invest that is your money and your risk.

However far too many hardworking Americans are UNDERPAID and DON'T have any money at all to invest. On top of that they do not have the TIME or the RESOURCES to make good investments.

Investing is NOT the solution to RETIREMENT!

A fully funded independently well managed Pension Plan is the solution to retirement.

Too bad that the GOP and the greed Wall Street Casino Bosses DESTROYED the concept of well funded pension plans.

 

agreed on most but the last paragraph...
it's greed all the way around, including dems, the diff being is the dems faux retorts that their on 'our side'. both parties work together, much like the 'good cop bad cop' routine... neither are 'freinds' of the people

 

A question I have about the 2100 act is whether or not the democrats in the house are going to try and push it to the Senate soon or shelve it for after the 2020 election, when they expect to control the Congress and the Whitehouse???

 

Oh and what is the compromise going to look like if the winds of fortune don't blow in the desired direction? If democrats don't take the government majority but have to share a mixed government with republicans???

 

there in leighs the problem... they don't do things for the benefit of americans, aka the people, they use these things as manipulative tools to keep themselves on the job, aka for their own benefit...

 

I have a cousin who retired from the military in his 40's and is collecting a check for $5000 every month. My mother who is a retired teacher gets less than half that. There is a serious problem with that.

 

We should definitely stop this insurance stealing. If we raise the cap and make the wealthy pay too, then we might have enough to get a decent surplus, assuming we also raise the minimum age.