Democrats Are Once Again Sabotaging Desperately Needed Social Security Reform

[ReinyDays]

Retirement benefits aren't bankrupting the system ... it's the SSI and SSD portions ... and that's due to skyrocketing medical expenses ...

Free Luigi Mangione ... America's true hero ... doctors are trying to kill us ... "Delay, Deny, Defend" ... the bastards ...

 

[Admiral Rockwell Tory]

One obvious SS reform that is long overdue is reducing or ending the SS benefit for senior military officers who have a retirement pension of at least $9,000 per month. There are a whole bunch of retired O-5s (lieutenant colonels) and above who get a monthly retirement pension of $9,000 to $12,000--again, per month--plus free Tricare for Life supplemental health insurance, plus lifetime access to tax-free shopping on military bases. Such folks should at least have their SS benefit reduced by 75%. For current recipients, this could be done in a gradual way, perhaps over a period of three years.

That tax-free benefit went away years ago. Limited purchasing power by the Navy Exchange and AFEES have led them to have costs comparable to that in the local community despite their tax-free status. My daughters both had exchange and commissary privileges for years and chose not to shop there because there were not any particularly lower prices.

 

[Admiral Rockwell Tory]

This conversation will be mote in less than 3 years. AI will run the world.

moot?

 

[WorldWatcher]

You explained using coding in an earlier post. Most people are not familiar with that notation. I have never seen it before.

That's fine. Part of my job is coding (SQL), so sometimes it easy to fall into the lingo.



WW

 

[Winco]

Folks, the only viable, rational way to save SS is to (1) raise the SS retirement age for full benefits by a few years, (2) remove the cap on the amount of earnings that are subject to the SS tax (the payroll tax),

Raise the cap from the current $176,100 to $400,000++++ with a reduced benefit or no additional benefit after the $176,100.

Fuck your feeling for the rich.
The extreme wealth gap needs to be fixed, yes, at the expense of the rich.

 

[WorldWatcher]

The other problem I see with that are that irresponsible people, who spent every cent they earned and have no impulse control, will opt for the cash-out, run through it in a few years, and then arrive at age 72 or 73 without a cent, and with no SS payment. Then they will cry poverty and get all sorts of welfare - putting even more of a burden on taxpayers.

(I remember when I was about 30 and quit my first job, and I wanted to rollover my 403b (or whatever it was called) to my IRA via a direct transfer. It took HR months to do it, and when I asked what the problem was, they said that in all the years of them working there, they never had a person want to transfer to an IRA. Every single person always took the cash.)

Yep.

But on the other hand I work in HR as the resident computer geek. One job I would never take is our FMLA/Retirement Specialist. Straight retirements are not bad. But there are things she has to deal with that I just couldn't handle.

People that need to pull a full distrubtion of their retirement account and 401K/403B because - they have a terminal decease. Those are rough, but make sense why the people need to close out their accounts.

WW

 

[Frankenstein]

How many years until you retire? Your age may not be impacted at all.

I could retire early at 62 that is 3 1/2 years!

 

[Frankenstein]

Raise the cap from the current $176,100 to $400,000++++ with a reduced benefit or no additional benefit after the $176,100.

Fuck your feeling for the rich.
The extreme wealth gap needs to be fixed, yes, at the expense of the rich.

why, what did they do that made you not a s successful?

 

[initforme]

why, what did they do that made you not a s successful?

Is the only measure of success immense wealth? That goes against all that the Bible teaches.

 

[Frankenstein]

Is the only measure of success immense wealth? That goes against all that the Bible teaches.

No, however is what they are saying not covetousness, why do the rich owe more that is coveting! The bible does not preach against wealth.

 

[Winco]

why, what did they do that made you not a s successful?

Why does a low-wage earner, like 3/4th of the trump cult, support the RICH?
The RICH should absolutely pay their share, and trump wants to continually give the RICH the tax breaks.

Elon MUSK should not receive a single $ from the US Government.
But YET he does,

 

[Toddsterpatriot]

Why does a low-wage earner, like 3/4th of the trump cult, support the RICH?
The RICH should absolutely pay their share, and trump wants to continually give the RICH the tax breaks.

Elon MUSK should not receive a single $ from the US Government.
But YET he does,

The RICH should absolutely pay their share,

Define "the rich".
Show how much they pay now.
Tell us how much more they should pay.

 

[Toddsterpatriot]

Elon MUSK should not receive a single $ from the US Government.
But YET he does,

Who else is going to provide launch services to NASA, the US military and the US intelligence services?

 

[WorldWatcher]

The RICH should absolutely pay their share,

Define "the rich".
Show how much they pay now.
Tell us how much more they should pay.

To answer those questions we'd need an idea of wealth distribution by house hold.

So the top 10% of household hold about 2/3rd of the wealth in the US.

The bottom 50% of households hold about 4% of the wealth in the US.

Now into this we would need to integrate data on Total Tax Burden as a function of income level.

So who do you think pays more in taxes as a percentage of income the poor and middle class or the top 10%?

WW
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.

 

[Toddsterpatriot]

To answer those questions we'd need an idea of wealth distribution by house hold.

So the top 10% of household hold about 2/3rd of the wealth in the US.

The bottom 50% of households hold about 4% of the wealth in the US.

Now into this we would need to integrate data on Total Tax Burden as a function of income level.

So who do you think pays more in taxes as a percentage of income the poor and middle class or the top 10%?

WW
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.

View attachment 1085437

To answer those questions we'd need an idea of wealth distribution by house hold.

We don't tax wealth, we tax income.

You need to use income distribution.

So who do you think pays more in taxes as a percentage of income the poor and middle class or the top 10%?

The bottom 50% pay basically 0% federal income tax.
The top 10% pay about 70% of federal income taxes.

 

[Frankenstein]

Why does a low-wage earner, like 3/4th of the trump cult, support the RICH?
The RICH should absolutely pay their share, and trump wants to continually give the RICH the tax breaks.

Elon MUSK should not receive a single $ from the US Government.
But YET he does,

First of all, you have no idea how much money I have, or earn. secondly, if they pay the same percentage as I do, earning what they do ,they are paying more than i am anyway which is fair! Thirdly it is Un American to ask any one person to pay exorbitant amounts, simply because they have been more successful, that is called coveting.

 

[Winco]

Who else is going to provide launch services to NASA, the US military and the US intelligence services?

And Musk has enough money, he doesn't need Gov. Funds, and much as you think he does.
Musk could still do this on his own, he's just using US to pay for it.

 

[Winco]

First of all, you have no idea how much money I have, or earn. secondly, if they pay the same percentage as I do, earning what they do ,they are paying more than i am anyway which is fair! Thirdly it is Un American to ask any one person to pay exorbitant amounts, simply because they have been more successful, that is called coveting.

That's why I said, "The cult" NOT you in particular.
If you are part of "The Cult" then thanks for admitting it.

Is the current tax brackets a form of 'coveting' since currently higher wage earners are in a higher tax bracket?



Now we just have to enforce those higher tax brackets, instead of giving the RICH more tax breaks.

 

[Frankenstein]

That's why I said, "The cult" NOT you in particular.
If you are part of "The Cult" then thanks for admitting it.

Is the current tax brackets a form of 'coveting' since currently higher wage earners are in a higher tax bracket?



Now we just have to enforce those higher tax brackets, instead of giving the RICH more tax breaks.

Yes it is coveting and no the rich should not pay a higher percentage than any other American, figure it out genius, 25% of a Million is more money than 25% of 100,000

 

[Winco]

Yes it is coveting and no the rich should not pay a higher percentage than any other American, figure it out genius, 25% of a Million is more money than 25% of 100,000

Of course it is, and the RICH should pay an equal or higher ETR than the poor, (the R stands for Rate) but currently many don't because they abuse the system.

Just like when you grocery shop, you don't get nor expect a 'lower tax rate' because you are spending more at the grocery store.
You buy more, you pay more in tax. (But the same Rate)