Because people like me paid thousands of dollars a year for a looong time and are getting ready to collect it?
OT and Tips
- Thread starter MTTiger19
- Start date
No but I do believe that one party cares much more about people in lower income tax brackets than the other party.
You have TigerGrowls and others celebrating the resolution bill that will destroy the middle and lower classes as well as increase the debt by 19 TRILLION dollars and to partly fund a tiny sliver of it, they are performatively wiping out services for the people who can least afford to lose them
Your hero China Joe just increased the national debt more than any potus in history. Take this fact and chew on it.
If someone can find an off-ramp for it, I’m all ears. It’s a horrible program for most Americans. The government should have instead mandated that those same contributions go into an individual investment account. The result would be substantially more money at retirement + the ability for your heirs to get what’s left in the account when you die.
As someone who has contributed the max to SS since my 20s, this topic infuriates me. It’s so unbelievably wasteful and if legislation is passed that makes me contribute 10s of thousands more per year, well then that just takes it over the top.
It's eliminated in the budget resolution per the post.
This is just the first step in stopping the Obstructionism.
Not true but at least the American people received something in return for his portion of the debt. How will Trump's addition help us as a country?
1) SS is a highly popular program that has broad support from both parties.
2) I think we are morally obligated to take care of our seniors.
I don't think you can win an election without supporting SS.
I think the best we can do is to reform the program to be better. Not saying i know how that would be done, just saying i think cutting it altogether is a losing proposition.
Not true but at least the American people received something in return for his portion of the debt. How will Trump's addition help us as a country?
This provides no context.
If you raise, raise, raise, raise, raise taxes and then claim you are "cutting" taxes, is that a fair assessment?
No, let's talk about overall tax rates and how the puzzle fits together.
You still continue to ignore the problem. IF YOU TAX BILLIONAIRES AT 100% THAT DOES NOT FIX THE PROBLEM.
So because it’s popular we should keep the current system?
Look at what google says about SS:
No, Social Security is not going bankrupt, but it will need changes to remain solvent. The Social Security Board of Trustees projects that the trust fund will be depleted in the 2030s. However, this doesn't mean that benefits will stop.
Funds depleted by the 2030’s is wild. And we are pouring money into it.
SS is second to only federal income tax as far as deductions from my check (and it’s not that far off). It’s unsustainable.
Sure we need to take care of old people, but bankrupting the system isn’t the answer.
Look at what they list as the answers:
How Social Security might be reformed
- Raising the maximum amount of wages subject to payroll tax
- Broadening the tax base to include more types of income
- Raising the payroll tax rate
Run the experiment in your mind. You cancel SS.
You have a class of seniors, of non-able bodied citizens, that need food, shelter, and healthcare.
To me, that is very different than able-bodied people making poor decisions.
How do you serve those senior citizens? They get votes too.
I am in 100% agreement that the program needs serious reformation. But i think you lose any election in which you campaign on removing SS. It's illogical. If republican's went that far i would not support that at all.
I'd like to see the magnitude of "incorrect" payments (dead people, illegals etc. etc. ) . I'm sure all the projections have that amount baked in. If a lot, i wonder if it impacts the projections?
Similar threads
