dartsndeacs
THE quintessential dwarf
Current cap to $250k
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fuck that noise.
Current cap to $250k
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I wasn't proposing that. It was the doughnut hole in the sanders proposal.fuck that noise.
Even if we do nothing, SS will still have 74% of funding in 2090.
Why not make make it even better and fully solvent?
The trust fund is totally irrelevant. It is a parlor trick; it does not matter. Imagine you have it funded to whatever horizon you want, but all working-age people and children die. What happens to retirees' standard of living?
The only questions that matter are 1) what share of current production goes to the elderly? 2) how much taxing power are we willing to use for that purpose?
I agree. The immediate, drastic cuts Republicans are proposing are not necessary to save the program. They are an effort to kill it.
Because some hard core Republicans don't want to fix it, they want to end it. The hate the idea that the govt is taking care of all these old people. That is not what Govt is for. It's the same philosophy that was behind the privatization scheme under GW Bush.
I agree. The immediate, drastic cuts Republicans are proposing are not necessary to save the program. They are an effort to kill it.
Because the poor are the most dependent upon Social Security. Any system wide cuts to SS are, in effect, regressive, the same way that a flat tax is regressive.Yep. The left would scream bloody murder but it wouldn't really have a negative impact. Phase it in slowly and it shouldn't matter at all.
I agree. The immediate, drastic cuts Republicans are proposing are not necessary to save the program. They are an effort to kill it.
The objective here is to cut in back to the point of irrelevancy, then kill it all together. Currently it is a life line for a number of seniors, but Pubs don't want people depending on SS to live in the future and so they want to cut so drastically that none of will be planning on that income in retirement. That way when the take the next step and eliminate it all together, there won't be as many complaints.
Now I'll piss off some of the progressives and conservatives. Part of what Cong. Johnson wants to do is correct, but most is wrong.
Let's look at how to fix it:
1. Raise the retirement age with some defined exceptions. The exceptions should be for people who work in physical jobs like farmers, construction workers, road workers, factory workers and a few others. For the rest of the public, the retirement age should be increased by 1 month/year for the next 60 years. When SS was created people didn't live that long after 65. This needs to be updated.
2. Every penny of income needs to pay Social Security Taxes. This should also include "creative" ways to get paid like dividends and others. If a dollar comes into the house, taxes are paid on it.
3. Means testing is critical. Social Security was never meant to be paid to those at the top or near the top. It was created to be the ultimate safety net. How about something like 30-50% above median income for a family of four? Don't cry about, "I'm paying in. I should get something back." How about paying real estate taxes when you have no kids? The number could be negotiated.
4. Use some of the savings from to increase benefits for those at the bottom. Again, this number needs to be negotiated. Those at the top will also benefit from this as they own the businesses or stock in the businesses where this money will be spent.