No. First of all, it cannot be indefintely sustained. That should be obvious by now. It really is a Ponzi scheme.
It cannot be sustained with the conditions we have now. But kick the retirement age up a couple years, make it means tested, take off the SS tax cap so its taxed on all income and not just income below $100k; or some combination thereof and it can go on indefinitely.
Secondly it's immoral. People should not be forced to partcipate in such a program. You should not be forced by government to provide for your own retirement, etc. The Social Security System is a bad idea. The only question is one of how we extricate ourselves from it. We shouldn't even be talking about whether or not it should be phased out. We should be talking about how to do it.
If no one is forced to do it no one will do it.
What the hell do you advocate, exactly? You're all about the government forcing itself on people in just about every topic I've seen discussed on this board.
I don't believe the Govt should make decisions about an abortion or using recreational drugs, at least marijuana, as a couple examples where I don't thing the Govt should force itself on the people, just as a couple topics I've taken opposite positions.
You believe in high taxes, every government social program in existance, keeping people working well into their 90's while at the same time trying to advocate for all of those 'poor' people out there who can't take care of themselves.
I believe taxes should be high enough to pay for what the Govt spends; and basic safety nets.
I've never suggested people should work into they're '90s. Lying to make a point makes you look less credible.
I do advocate for people who can't take care of themselves. True.
How can you be a champion of elderly people while you sit here and advocate that people be forced to work well into their 70's in order to sustain a system that goes against everything this country was supposed to stand for? What if people don't want to have to work into their 70's, nearly to their death bed, in order to support people like you who believe that everything a person has should be given to the state to be used as they see fit? How can you, with any moral clarity, support what you do?
What are you babbling about? I didn't advocate anything. I suggested, as *one* option to correct the SS imbalance we have after Republican administrations left the Govt $11 trillion in debt and stole the SS trust fund to finance tax cuts for the wealthy, that the retirement age be "kicked up a couple years." That would put the retirement age to 69.
Go charge those strawmen somewhere else.
How high should the taxes be in your opinion? 60%? 70%? 80%? 90%?
Again, I believe that the Govt should tax enough to cover what it spends. I disagree we should run deficits, absent exceptional circumstances (like a sever recession). How about you?
We had a surplus budget under Clinton with a 39.6% tax rate. Since then military spending has doubled, we are fighting two wars, we have a Drug Company Profit Enhancement program, and anothe $5 trillion in debt.
So while a 40% tax rate was sufficient in 2000, because of the shitty job the last president did, and the debt the Govt is running up in the recession, a 40% rate is not going to be sufficient unless spending is cut.
IMO the Bush tax cuts should be repealed completely, and a 10% surcharge tax (up to 50%) ramped up on incomes over $1 million. Cut out loopholes too. Make investment tax rates same as income tax rates like Reagan ahd them. That should about be enough to balance the budget.
I would also impose major spending cuts if I had my druthers, so maybe the surcharge could be smaller.
Or maybe you believe that people should just work and let the government take care of them? Assign them a house? A means of transportaion? Their food? Their healthcare?
Depends on the circumstances. If someone is too disabled to work or past a certain age, temporarily out of work, or work but just don't make enough to afford a house, means of transportation, food, or healthcare, then yes, I think the Govt does have a role to provide them support for a basic level of existance.
What do you think should happen to people who because of disability or age can't work but don't have assets?
I would sincerely like to hear what your social philosophy is. Are you an advocate of full blown socialism? Communism?
Social capitalist would probably best describe. Capitalism is a great system, produces wealth and fabulously rewards the successful and lucky. And we should maintain the incentives that make that work.
But capitalism doesn't give a shit about people that for whatever reason, don't have much market value. Are crippled and can't work? The capitalist economic system values at -0- and couldn't care less if you starve to death.
To me, humans have a value above -0- even if, for whatever reason, they don't have a market value above -0-. That is why I favor social net programs to provide for what capitalism does not.
Based on your posts, you sure as hell don't advocate anything that was established via the US Constitution and individual freedom and liberty.
Disagree.