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

[Picaro]

As long as there is money coming in there will always be a payout. You need to research things before shooting your mouth off.

Trustees Report Summary

A SUMMARY OF THE 2024 ANNUAL REPORTS

www.ssa.gov

• The Old-Age and Survivors Insurance (OASI) Trust Fund will be able to pay 100 percent of total scheduled benefits until 2033, unchanged from last year's report. At that time, the fund's reserves will become depleted and continuing program income will be sufficient to pay 79 percent of scheduled benefits.

I.e. plenty of time to levy taxes on imports to make up for the lost wages from out-sourcing, inflation, and slave labor. A surtax on foreign incomes of these multi-nationals is also a good source, and of course all the tax bennies they get for screwing over the U.S.

Since so many here just love that 'free market Red China', we can turn around and implement the same policies they have, i.e. if they want to sell their crap in the U.S., they have to find a U.S. partner, give them a hefty cut, and make the stuff here as well. That would be 'fair trade'.

 

[Toddsterpatriot]

Musk gets tens of billions in government assistance.

Be more specific. Selling cheap, reliable orbital launches is assistance to the government.

 

[Zincwarrior]

Be more specific. Selling cheap, reliable orbital launches is assistance to the government.

For extreme profit.

 

[Toddsterpatriot]

I never understood why there was any cap on it.... It should be a certain percentage regardless.

There was a cap because benefits were capped.

 

[Toddsterpatriot]

For extreme profit.

He does it cheaper and better than anyone else.
How does that mean the government is assisting him?

 

[justoffal]

I.e. plenty of time to levy taxes on imports to make up for the lost wages from out-sourcing, inflation, and slave labor. A surtax on foreign incomes of these multi-nationals is also a good source, and of course all the tax bennies they get for screwing over the U.S.

Since so many here just love that 'free market Red China', we can turn around and implement the same policies they have, i.e. if they want to sell their crap in the U.S., they have to find a U.S. partner, give them a hefty cut, and make the stuff here as well. That would be 'fair trade'.

Yes

 

[John Edgar Slow Horses]

I am sure you are in favor of it because you won’t have to pay for it. Democrats love other people’s money.

I would be one of those affected by an uncapped tax and subject to a means test.

I can do that for my counterymen's old age. You bet.

 

[DBA]

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.

A high earner is anyone making above the current 168k cap? You realize that means that someone making 200k would pay an additional 2-4k every year depending on if they are self employed or not. A 6.2%-12.4% hike is HUGE.

 

[DBA]

I would be one of those affected by an uncapped tax and subject to a means test.

I can do that for my counterymen's old age. You bet.

So you think high(er) earners should pay 6.2-12.4% more their entire working careers and then be means tested to determine if they receive any benefit at all?

I wholeheartedly disagree.

 

[DBA]

I never understood why there was any cap on it.... It should be a certain percentage regardless.

I am fine with that as long as they don't monkey with the benefit and higher earners get more back with no cap. Ultimately, there would be more money in the system for those higher earners because many die before they recoup their entire benefit anyway and for higher contributors, that would be just more money back into the coffers. What I fear is that Democrats would tamper with the benefit algorithm and "means test it" so as the higher earners would basically be paying for a welfare program while getting back pennies on the dollar.

 

[kyzr]

A high earner is anyone making above the current 168k cap? You realize that means that someone making 200k would pay an additional 2-4k every year depending on if they are self employed or not. A 6.2%-12.4% hike is HUGE.

People working for $50,000 a year feel bad for them.

 

[Lakhota]

Once Trump and his billionaire friends totally take over our government - just imagine how hard it will be to ever get rid of them!? My guess is that we will NEVER get rid of them!

Trump supporters are the dumbest morons on the planet.

 

[BackAgain]

Chief Shitting Bull doesn’t grasp what “phasing out” means.

 

[Zincwarrior]

Chief Shitting Bull doesn’t grasp what “phasing out” means.

Oh we understand very well.

 

[BackAgain]

Oh we understand very well.

No. Apparently not.

 

[Zincwarrior]

No. Apparently not.

Definitely. You want to kill it.

 

[Picaro]

People working for $50,000 a year feel bad for them.

That's basically minimum wage adjusted for real inflation.

Right wingers just want it all dumped it Wall Street schemes, so they can benefit from the price increases and welfare, and the brokers and other scammers can then embezzle it and stuff their own pockets with it. as it is now they have to work too hard to swindle everybody.

 

[initforme]

Of course there are exceptions

And also contradictions even within individuals

Not having kids was perhaps the moral and way of giving g back to this nation.

 

[BackAgain]

Definitely. You want to kill it.

See? You don’t understand.

 

[Zincwarrior]

See? You don’t understand.

I like that you aren't refuting it.