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

[Toddsterpatriot]

Actually what happens is that the difference comes out of the general fund.

Better to raise or eliminate the cap

Actually what happens is that the difference comes out of the general fund.

Actually, that is not allowed.

 

[Mac-7]

So you don’t want to make it 100?

What then? 80?

Stop trolling

 

[Mac-7]

How are boomers a failed generation? I believe each successive generation is getting better, harder working, and more productive.

I dont sgree

Technologically Boomers were better than their parents, the Greatest Generation

But that's all

 

[initforme]

I dont sgree

Technologically Boomers were better than their parents, the Greatest Generation

But that's all

Today's young workers are the greatest most productive this nation has ever seen. Tough as nails and incredibly productive.

 

[Contumacious]

The Socialist Demon Rats want some Americans to pay more taxes than others even though we are ALL Americans - the "pay the "fair" share of taxes is purely and simple a SOCIALIST notion

 

[Mac-7]

Today's young workers are the greatest most productive this nation has ever seen. Tough as nails and incredibly productive.

I dont agree

 

[Lesh]

Actually what happens is that the difference comes out of the general fund.

Actually, that is not allowed.

Interesting. What prevents it?

 

[initforme]

I dont agree

What are your reasons to believe they aren't?

 

[Deadstick]

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.

Why would he replace it by a better program, it never is better,

 

[DBA]

Lee better not touch SS except to "fix" it by raising the cap.

Not a fan of raising or removing the cap. That is potentially a huge tax hike on more successful Americans, who already bear the vast majority of the tax burden.

 

[kyzr]

Actually what happens is that the difference comes out of the general fund.
Better to raise or eliminate the cap

That is another "fix" if congress approves it. Without new legislation SS only pays 75% of promised benefits

Proposals to Change Social Security

Proposals to Change Social Security or Supplemental Security Income

www.ssa.gov

"If no legislative change is enacted, scheduled tax revenues will be sufficient to pay only about three-fourths of the scheduled benefits after trust fund reserve depletion."

 

[kyzr]

Not a fan of raising or removing the cap. That is potentially a huge tax hike on more successful Americans, who already bear the vast majority of the tax burden.

With the price rises under Biden the lower 90% of incomes are struggling.
The high earners should take the tax cut extension with a cap raise and be thankful.
I'd even raise the early retirement age from 62 to 63.

 

[Mac-7]

What are your reasons to believe they arenPersonal experience

Severely lacking in moralS

 

[C_Clayton_Jones]

What do you think?

Republicans are incapable of sound, responsible governance.

 

[initforme]

Severely lacking in moralS

Ok. Which morals are lacking?

 

[DBA]

Its a progressive tax to cover the SS deficit caused by the government using the SS surplus and replacing it with an IOU.

If the cap is removed and the benefit capped, it is a HUGE tax hike, particularly for the successful self-employed.(12.4% for every dollar above the current 168k income cap). Keep in mind that the SS benefit algorithm is already skewed for a diminishing benefit for those that paid more into it. A self employed person making 300k/yr, for example, would pay an additional 16,000 in taxes per year. That is ridiculous.

This is not the answer

 

[DBA]

Republicans are incapable of sound, responsible governance.

Democrats are incapable of wiping their own butts without government assistance. They have no room to talk.

 

[Toddsterpatriot]

Interesting. What prevents it?

It would have to be appropriated.

 

[Mac-7]

Ok. Which morals are lacking?

All of them

 

[initforme]

All of them

I m not sure on that. My granddaughter and her husband, both highly successful high paying careers. Working, saving, no.kids, are highly moral.