/dev/null Posted May 3, 2019 Posted May 3, 2019 https://reason.com/2019/05/01/social-securitys-real-problem-not-money-but-time/ On the bright side, this shouldn't really be a problem when the world ends in about 12 years
Cinga Posted May 3, 2019 Posted May 3, 2019 Of course it is since it's inevitable that every Ponzi scheme (which is exactly what this is) does... Problem is though, for the last few decade we have killed in the womb millions that would actually be paying in to the system now. This FACT is making it go broke sooner is all.
VaMilBill Posted May 3, 2019 Posted May 3, 2019 I’m relatively young. I wish I could opt out of Social Security and just lose out on the money I’ve paid into it the last 10 years. I would end up saving way more of it myself than I would be receiving when I’m older. 2
plenzmd1 Posted May 3, 2019 Posted May 3, 2019 1 hour ago, /dev/null said: https://reason.com/2019/05/01/social-securitys-real-problem-not-money-but-time/ On the bright side, this shouldn't really be a problem when the world ends in about 12 years the good news is our Republican, Conservative, President has vowed to cut the deficit and address the looming, massive, issue with entitlements!
snafu Posted May 3, 2019 Posted May 3, 2019 3 minutes ago, plenzmd1 said: the good news is our Republican, Conservative, President has vowed to cut the deficit and address the looming, massive, issue with entitlements! Oh please...you could have written this during Reagan or Bush I or Bush Jr. (or Carter, Clinton and Obama).
Trump_is_Mentally_fit Posted May 3, 2019 Posted May 3, 2019 More tax cuts for the wealthy will fix this!
snafu Posted May 3, 2019 Posted May 3, 2019 (edited) 3 minutes ago, Tiberius said: More tax cuts for the wealthy will fix this! https://www.shrm.org/resourcesandtools/hr-topics/compensation/pages/fica-social-security-tax-2019.aspx I think you may be mistaken. These things aren’t really tied together. Edited May 3, 2019 by snafu 1
Trump_is_Mentally_fit Posted May 3, 2019 Posted May 3, 2019 3 minutes ago, snafu said: https://www.shrm.org/resourcesandtools/hr-topics/compensation/pages/fica-social-security-tax-2019.aspx I think you may be mistaken. These things aren’t really tied together. I was being sarcastic
plenzmd1 Posted May 3, 2019 Posted May 3, 2019 8 minutes ago, snafu said: Oh please...you could have written this during Reagan or Bush I or Bush Jr. (or Carter, Clinton and Obama). I know..but it was fun writing it about Trump?
Q-baby! Posted May 3, 2019 Posted May 3, 2019 1 hour ago, Cinga said: Of course it is since it's inevitable that every Ponzi scheme (which is exactly what this is) does... Problem is though, for the last few decade we have killed in the womb millions that would actually be paying in to the system now. This FACT is making it go broke sooner is all. Oh FFS.
SoCal Deek Posted May 3, 2019 Posted May 3, 2019 14 minutes ago, Tiberius said: More tax cuts for the wealthy will fix this! You do realize that your federal income tax doesn’t fund social security right? Sheeesh! 1
Trump_is_Mentally_fit Posted May 3, 2019 Posted May 3, 2019 3 minutes ago, SoCal Deek said: You do realize that your federal income tax doesn’t fund social security right? Sheeesh! Yes. And I also realize that the tax cuts don't pay for themselves
SoCal Deek Posted May 3, 2019 Posted May 3, 2019 3 minutes ago, Tiberius said: Yes. And I also realize that the tax cuts don't pay for themselves So your proposal then is to shift social security to be funded out of federal income taxes? Can you expand on that? For example, how much?
row_33 Posted May 3, 2019 Posted May 3, 2019 2 hours ago, /dev/null said: https://reason.com/2019/05/01/social-securitys-real-problem-not-money-but-time/ On the bright side, this shouldn't really be a problem when the world ends in about 12 years Is AOC going to lead the Dems and media to a high mountain top to welcome the glorious end of the world in another 11.5 years?
3rdnlng Posted May 3, 2019 Posted May 3, 2019 Trump's economic policies are shaking up our economy. We need to give the process as much time to work as we would give to our football team. -)
Trump_is_Mentally_fit Posted May 3, 2019 Posted May 3, 2019 14 minutes ago, SoCal Deek said: So your proposal then is to shift social security to be funded out of federal income taxes? Can you expand on that? For example, how much? Lol, am I not allowed a sarcastic post?
SoCal Deek Posted May 3, 2019 Posted May 3, 2019 7 minutes ago, Tiberius said: Lol, am I not allowed a sarcastic post? Of course you are. Everyone is from time to time. I was just curious, and looking for an honest debate. While we’re on the subject of social security, I’d actually be in favor of lifting the cap so that high wage earners pay into it for even their highest earnings. I’ve been told that one change would make the system substantially more solvent. I’d also like to see them raise the retirement age by one month every year for the next twelve years. That too would ease or eliminate the shortfall. 1
snafu Posted May 3, 2019 Posted May 3, 2019 7 minutes ago, SoCal Deek said: Of course you are. Everyone is from time to time. I was just curious, and looking for an honest debate. While we’re on the subject of social security, I’d actually be in favor of lifting the cap so that high wage earners pay into it for even their highest earnings. I’ve been told that one change would make the system substantially more solvent. I’d also like to see them raise the retirement age by one month every year for the next twelve years. That too would ease or eliminate the shortfall. Here’s a completely undeveloped idea: give the “wealthy” a tax cut that’s conditioned on them pledging 80% of their tax savings to fund entitlements. Everybody wins!
Keukasmallies Posted May 3, 2019 Posted May 3, 2019 2 hours ago, Cinga said: Of course it is since it's inevitable that every Ponzi scheme (which is exactly what this is) does... Problem is though, for the last few decade we have killed in the womb millions that would actually be paying in to the system now. This FACT is making it go broke sooner is all. Aha, so abortion has killed [pun intended] social security's raw material. If only we'd tumbled to this "fact" sooner we could have resolved the whole social security kerfuffle. Possibly Planned Parenthood will be the Democrats next investigation target, eh?
\GoBillsInDallas/ Posted May 3, 2019 Posted May 3, 2019 15 minutes ago, SoCal Deek said: Of course you are. Everyone is from time to time. I was just curious, and looking for an honest debate. While we’re on the subject of social security, I’d actually be in favor of lifting the cap so that high wage earners pay into it for even their highest earnings. I’ve been told that one change would make the system substantially more solvent. I’d also like to see them raise the retirement age by one month every year for the next twelve years. That too would ease or eliminate the shortfall. That has as much chance of succeeding as seeing turtles fly oh wait: https://www.wbtw.com/news/grand-strand/-it-just-flung-into-my-windshield-turtle-smashes-into-car-near-lake-busbee-in-conway/1971311286
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