“It will be my objective to phase out Social Security." - Sen. Mike Lee says the quiet part out loud.

[Zincwarrior]

The program needs more money to survive, as 3 workers now support one recipient, soon to drop to 2. That's not sustainable. How would YOU fix it?

Open up the cap. If thats not enough tax the wealthy more.

 

[kyzr]

That's a deflection. The point of SS was to get back what you pay in. Removing the cap on contributions without removing the cap on benefits means an entirely different system.

The cap may not need to be "removed", but raised enough to guarantee full benefits, otherwise we all get only 70% of promised benefits. There is no other simple fix.

 

[kyzr]

By changing the whole point of social security.
I've reached the cap, so I guess fuck me, right?

You prefer "means testing" or raising the cap?

 

[martybegan]

yes

it's always easy to make choices with other people's money.

 

[martybegan]

You prefer "means testing" or raising the cap?

I prefer them admitting they scammed people with the whole surplus fund bullshit.

Then we can have a rational discussion on the issue.

 

[martybegan]

The cap may not need to be "removed", but raised enough to guarantee full benefits, otherwise we all get only 70% of promised benefits. There is no other simple fix.

As usual, always easy to play with other people's money.

 

[Zincwarrior]

it's always easy to make choices with other people's money.

Says the wealthy who have seen their wealth grow year after year.

 

[John Edgar Slow Horses]

Raise the cap and means test the wealthy.

 

[jc456]

It the basis of my retirement and that of many others.

Add a pension or a 401 and you do well.

Without SS I’d be fucked and so would a LOT of people

How did you get SS? Did you have to pay into it during your career years? His objective is to have IRA, 401Ks structured to take workers current SS tax money and invest it into their own 401K/ IRA/ Pension. Not touching anyone currently receiving SS or of age to receive it. Amazing you can't ever tell a true story!!!

 

[Mr Natural]

Raise the cap and means test the wealthy.

So long as “wealthy” means wealthy and not working people who were fortunate enough to have saved for their retirement.

 

[jc456]

Says the wealthy who have seen their wealth grow year after year.

How do the wealthy do that? Do they use the stock market to do that? Investing? Nothing that would change in that for anyone, wealthy or not. Why do you continue to lie?

 

[Cellblock2429]

Understood, but why didn't you prepare?

I would rather see a better program that provides a better return. Bush had the right idea with the private accounts and he got demonized over it.

/—-/ Agreed

 

[jc456]

Raise the cap and means test the wealthy.

you all wanted to have every investment taxed prior to realizing the money. That would be for fking everyone you douchebag.

 

[AzogtheDefiler]

"to pull it up by the roots and get rid of it".

Well, that's plain enough for me! What do you think?

Social Security is a ponzi scheme

 

[Cellblock2429]

Social Security is a ponzi scheme

/—-/ Fun fact: FDR wanted to allow a small percentage of SS deductions to be invested in the stock market. Congress said no, and FDR folded.
Same with GWB, and again Congress said no.
We would all have been better off.

 

[Captain Caveman]

Understood, but why didn't you prepare?

I would rather see a better program that provides a better return. Bush had the right idea with the private accounts and he got demonized over it.

I was told years and years ago, when you get paid the first thing you do is invest, then live off the rest. Even if it's £$40 or £$100 or £$1,000 per month, immediately put it into a plan/investment.

If you fail to plan, you plan to fail. Anything off the government pension wise should just be classed as a bonus.

 

[martybegan]

Says the wealthy who have seen their wealth grow year after year.

Says the people who have machines that up their standard of living that required a household of servants a century ago.

 

[Cellblock2429]

I was told years and years ago, when you get paid the first thing you do is invest, then live off the rest. Even if it's £$40 or £$100 or £$1,000 per month, immediately put it into a plan/investment.

If you fail to plan, you plan to fail. Anything off the government pension wise should just be classed as a bonus.

/—-/ Yes, I followed that advice, and at 73 my option trading provides a wonderful lifestyle. A small pension covers my HOA fees, and SS more than covers my living expenses.

 

[hadit]

Eliminate the earnings cap.

Would you then allow those who earn above the current cap to receive higher payments that match their increased taxes?

 

[hadit]

Open up the cap. If thats not enough tax the wealthy more.

Have you actually run the numbers to see if there is enough marginal income among the wealthy to actually make that much of a difference?