Trump wants to defund Social Security ?

And I dont believe it was a total cut I think it went from 7.5% to 5.8% (someone check my numbers but I think I'm close)

 

"And privatization does none of those things except to add a profit motive which only adds to the cost and ends up becoming the primary focus"

Translation- get screwed over by the company holding your money since all they care about is the bottom line

 

Ah so. A page out of the time-tested "scare the old people" Dem playbook.

Maybe seniors with investment based retirement accounts should consider what a Biden Presidency would mean for their investments.

Or maybe consider if Dem healthcare changes such as providing healthcare benefits to illegals will mean rationing health care benefits for old people.

 

Personally, I think a payroll tax can helps small businesses more than individuals. It is pretty beneficial to not need to come up with as much for the quarterly.

 

Big business even more

 

I disagree. Dollar wise, sure because big businesses pay more. However, big businesses have access to large equity and contingency money. Small businesses often do not. Big Businesses have options like reducing overhead and/or payroll. Small business have often already thinned their overhead as much as possible and normally are already using as small of staff as possible. Bottom line, big businesses would likely say "Meh" to the cuts. However, it can be a make or break for small businesses.

 

So, you say 'scare old people' and your response is, well, scare old people.

You ought to think things through before you hit the 'post reply' button.

Since Trump is causing deficits to careen out of control, prices on consumer goods and produce are rising because of Tariffs and immigration policies are causing many small farms ot have trouble getting produce to market, and the overall effect this will have on other parts of the economy, including Trump's inept handling of covid, affecting business, maybe they should consider what four more years of Trump will do.

 

The Dems have been scaring old people for years so why shouldn't the Republicans do likewise?

Maybe you should read what Goldman, Forbes, etc. have to say about a Biden impact on the market. Of course if you don't have a retirement account and think you can retire on Social Security.......

Goldman Sachs warned about the rising market risk from the upcoming U.S. presidential election, saying the tax proposals that might be enacted under Democratic presidential candidate Joe Biden could take a big bite out of S&P 500 earnings. The bank listed stocks most sensitive to a potential reversal of President Donald Trump’s landmark corporate tax cuts.

https://www.cnbc.com/2020/07/13/gol...n-could-cut-sp-500-earnings-by-12percent.html

 

that competent rebuttal is accurate of obama's theft of taxpayer money and giving it to people on the welfare dole. not everyone on the welfare rolls are deadbeats, but most are scamming social security.

privatisation of social security by a free market capitalist such as President Trump will protect taxpayers

 

That's your job. Present your evidence and we'll tear it apart.

 

I'm talking about an article someone used as some kind of twisted truth. Ignorance abounds.

 

cool...just making another.

a temporary payroll tax cut won’t end SS...the OP is fearmongering

the Constiution requires the ACA to be killed...trump has wanted a replacement that’s legal

but thank you for admitting your OP is BS

 

"Dollar wise, sure because big businesses pay more."

Because they have more

3,000,000x 7.5% is?

3,000x 7.5% is?

So yes dollar wise big business will benefit the most in a time when low income people were hurt the most..... it makes zero sense to give that money to an intermediary who's first priority is their profit

 

What was twisted? Did Trump advocate for the payroll tax cut or not?

 

It has a dedicated source of funding. It's not a mandate.

Fixing SS is easy.

There are a number of ways to do it, but all that needs doing is to keep the program going for a while. It will be running huge surpluses in a couple decades.

 

sure it’s a mandate...as all entitlements are. Once you qualify you get it. That’s for retirement but also with SSI.

our SS tax is suppose to simply go fund SS but as we learned during the Clinton Admin the Govt can use it for whatever they want

 

"The term “Federal mandate” means any provision in statute or regulation or any Federal court ruling that imposes an enforceable duty upon State, local, or tribal governments..."

Mandate means requiring some other entity to do something.

SS is a federal program, and it's child play to fix. You could roll the program into the general fund, let it carry a deficit (because the surpluses will more than cover the deficit) or change the way the program handles the rich. Or a combination of the choices, which would be my choice.

 

yes the federal code mandates the SSA to pay. A code can mandate something

 

Thanks, first laugh of the day.

"When I use a word, Humpty Dumpty said, in rather a scornful tone, "it means just what I choose it to mean—neither more nor less.

The question is," said Alice, whether you can make words mean so many different things.

The question is, said Humpty Dumpty, which is to be master—that's all."

 

are you suggesting laws can’t mandate things?

 

It is very evident you have no idea what it is in the first place..

 

So lowering/ending the payroll tax for that program wont hurt it then ?

 

You apparently dont know what a payroll tax is. Look it up, it will be fun

 

That's a rather misleading headline it's tax relief for people who make far less money than the people consuming it.

 

This is specious campaign rhetoric. President Trump is tossing red meat out there for his base.

It’s a non starter