Here's a Big Start to Fixing Social Security

Discussion in 'Politics' started by Shoobis1, Mar 4, 2011.

  1. Shoobis1
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    Shoobis1 Member

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    Social security was created in a time when just giving free money to poor elderly people might have been too controversial, so we created this muse that people are just getting their own money back. People pay into social security their whole lives, and then when they're old, they collect the benefits. The problem with this is that a very large amount of the money goes to people who don't need it and who have plenty of money. In fact, the more wealthy a person is, the more benefits they're eligible for. It's kind of counter-productive.

    Let's get rid of the muse that people are just getting their own money back and make social security what it should be--a safety net for elderly people who don't have enough money to survive and who are too old to work. That seems reasonable to me. Only pay benefits to people who are too poor to support themselves. This would hugely reduce the cost of social security, which is an enormous part of our federal budget.
     
  2. PoliticalChic
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    PoliticalChic Diamond Member

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    Ida May Fuller, the first person to begin receiving benefits, in January, 1940, when she was 65- she lived to be 100. “…worked for three years under the Social Security program. The accumulated taxes on her salary during those three years was a total of $24.75. Her initial monthly check was $22.54. During her lifetime she collected a total of $22,888.92 in Social Security benefits.” Social Security Online

    Social Security is 20% of the budget, equal to defense.

    You'll never be able to get rid of it...but there is an outside chance to privatize at least part of it.
     
  3. WillowTree
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    WillowTree Diamond Member

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    there's a thing in the constitution that says people have to have their taxes distributed fairly. so if you don't want wealthy people collecting social security don't ask them to pay into it. It you want to support the poor call it what it is welfare. Thanks for listening.
     
  4. Shoobis1
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    Shoobis1 Member

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    Where in the Constitution does it say that? In any case, what's "fair" is open to debate. And you can call it "welfare" if you want, you can call it whatever you want to.
     
  5. WillowTree
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    WillowTree Diamond Member

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    read, you will find.
     
  6. WillowTree
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    So you are willing to let those who won't receive opt out?
     
  7. PoliticalChic
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    PoliticalChic Diamond Member

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    1. FDR, master politician, sculpted the program so it could not be whittled down by economic measures: he called the payroll taxes ‘contributions’…”We put those pay roll contributions there so as to give the contributors a legal, moral, and political right to collect their pensions and their unemployment benefits. With those taxes in there, no damn politician can ever scrap my social security program. Those taxes aren’t a matter of economics, they’re straight politics.” Social Security Online - HISTORY, FDR Quote from Luther Gulick

    a. The implied promise was that one’s ‘contributions’ belonged to him or her, and SS was not simply a tax-funded program that could be cut…thus the designation of a Social Security Trust Fund. Of course that changed in 1983, and since then the funds have been used as general revenue.
     
  8. AllieBaba
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    We created...a...MUSE?

    [​IMG]
     
  9. Shoobis1
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    Of course that's what it says in the social security law, what I asked is where in the Constitution does it say that taxes must be distributed fairly. Willowtree had claimed it said this in the Constitution.

    I think we should try to make good on all our past social security obligations if at all possible, but definitely change the law for the future so that it's not just a giant, obligatory, government-controlled savings account. It's a huge nonsensical expense for the government that assumes that people are not capable of saving for their retirement on their own.
     
  10. Shoobis1
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    Ha. I guess "ruse" was the word I was looking for. :p
     

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