You’re not paying into SS either. That’s a myth. Current workers have always paid for current beneficiaries. There no lock box. There never was a lock box. The Government does and always has just spent the money.
You mean like paying for welfare?
Yeah, just like we pay for welfare.
So how can the government afford to pay all the SS benefits? It can't.
You aren't promised, or guaranteed, any benefits.
If 1$ is collected via the SS TAX and beneficiaries cost .99$ that .01$ is spent. The SS TAX goes into the general fund. Congress just writes an IOU, but that's like me writing an IOU to my wife. We share a bank account so it's rather meaningless. You've been duped to believe that the SS tax is somehow different than every other tax the Government imposes. It isnt. It is and always has been a method to extract more tax dollars from the public it was just more palatable because they werent collecting the tax for them it was for you. They just didnt broadcast that all the extra money the SS brought in because, there were far more workers than beneficiaries was just being spent like every other tax dollar collected. Do you know what the average life expectancy was in 35 when SS was passed? 61. The retirement age was 65 when SS was passed, 4 years after most people could expect to live, and those that did live to collect didnt collect for long. That's why SS worked in the past and doesnt work now.
BTW if you want to make SS work like it did when it was concieved raise the retirement age to 82, 4 years past the life expectancy, just like in 35. SS will run a huge surplus the politicians will spend it on other shit and our deficit will go away. It will work as intended, just like in 35
Here is the major with projects like roads. Most may assume the feds pay for them. This is a grave mistake to think this. Federal highways are those that span states, not roads inside states. Not city roads either. Wealth taxes will be structured, thanks to democrats to only be charges on select citizens. We are not supposed to tax just some. We are supposed to tax everybody equally. And wealth is not equal.
NFW. I agree that the retirement ages could be moved up a few years since people are living longer, but 82 is ridiculous.
Or….people could save to bridge the gap between starting SS and retirement. They might have to lower their spending levels to tide them over for a few years, but that would be their choice.
Cut spending
I support the Federal Government living within it's means and every unconstitutional program tax payers are forced to fund ended immediately. The States can decide if they want to continue entitlement programs.
Why is 82 crazy? Thats how they were able to get SS to work setting the retirement age 4 years past the life expectancy. SS is failing because all Ponzi schemes fail eventually. There are enough new “investors” to support past “investors”.
I suspect that most if not all of the libs pushing for a wealth tax have very little wealth that can be taxed
You need to stop right there because that is not true. Post more believable numbers.
Because it is! I could no longer work at the age of 61. You going to pay my disability until I die or reach 82.
Ummm it's most certainly true. The government doesn't put away money collect by SS, current SS collection is used to pay current beneficiaries. Any money that's collected via the SS tax that's "extra" is spent and an IOU is issue via a special treasury bond. But as I said that's money we owe ourselves so it doesn't actually mean anything. You aren't so stupidly pedantic that you can't grasp the concept because I used made up numbers in the example are you?
Post more believable numbers. Isn't that what I said? Why make up numbers, dumbass? If you want people to agree with you, don't make shit up, obviously. Post the actual numbers. SSA.gov probably has them easily accessible.
