Zone1 Social Security

The reality of the situation is that the American people trusted government to manage their money taken from them in a positive and productive representative way, but along the way something has gone very wrong in it all.

The formula was worked up by very educated people back in the day, and it worked out for year's except for some needed changes or amendments that was needed to make it even stronger.

Remove the caps and watch it get stronger as the citizen's have a more desire to remain working and paying in. Remember if they elect to draw but want to stay working then those contributions will be a huge injection of new revenue that has no strings attached to the retiree, otherwise by raising their set benefit due to the added contributions because they've already sealed the deal when they decided to draw early.

Wouldn't the system be helped by taking away the cap on income levels made, otherwise this after a person receives their earned benefit check but decides to keep working ? Just because the person begins to draw their check from 62 to 67 why the additional penalties or punishments on the retiree because they want to keep working all be it in a much easier job that might not pay all that good, but the person is staying busy and active ???
Your rambling posts belie a lack of organized thinking.
 
Average SS benefit in 2025 = $2000

The maximum EE contribution to SS based on $176,100 which is when SS taxes stop is $909.33 per month.

So using the previous early retirement at 62, that is an average of $1400 a month and if that person is making $100,000 per year ($8333.33 per month) that is $516 in FICA taxes out of their check. They are drawing more then they are paying in - that is not a "huge injection".

There may be exceptions, but in general those who draw SS benefits, those benefits will far exceed the benefit amount meaning they will deplete the Trust fund at an accelerated rate.

WW
Guarantee you that a better formula can be worked out.

Better than the government telling the citizen's (while holding up and supporting so much fraud and abuse), that the specific program will be broke in a certain amount of year's (constantly fear mongering), instead of working on viable solutions that will respect and support the citizens who gave it there all in civilian life.

That's the whole problem I think, where as the citizen's are no longer respected as generations weaken under the twisted agendas promoted and supported by a mostly democrat government or by a deep state that is lying and raping the citizen's year by year by year now.

These things can be fixed if the government wants to fix them, but for globalist reasoning and promotion of a globalist system they are being ignored I think.
 
My full retirement age is 67 and because you baby boomers have sucked the system dry, I will be lucky if I could get 75 cents on the dollar in benefits even if I worked to 70.
 
My full retirement age is 67 and because you baby boomers have sucked the system dry, I will be lucky if I could get 75 cents on the dollar in benefits even if I worked to 70.
Can the blame be that direct ?
 
Guarantee you that a better formula can be worked out.

Better than the government telling the citizen's (while holding up and supporting so much fraud and abuse), that the specific program will be broke in a certain amount of year's (constantly fear mongering), instead of working on viable solutions that will respect and support the citizens who gave it there all in civilian life.

That's the whole problem I think, where as the citizen's are no longer respected as generations weaken under the twisted agendas promoted and supported by a mostly democrat government or by a deep state that is lying and raping the citizen's year by year by year now.

These things can be fixed if the government wants to fix them, but for globalist reasoning and promotion of a globalist system they are being ignored I think.

So, you raise a question.

When someone actually tries to address your question with numbers and projections.

Then all that comes back it bumper stickers, platitudes, and it's the DEMs fault.

Just as a reminder the last two major revisions to Social Security since it's inception occurred in 1983 under Reagan where the FRA from 65 to 67 (in increments) was raised and 50% SS benefits became taxable under certain conditions (later raised to 85% in 1993). (Note: Not 50% or 85% tax rate, but that 50% or 85% of SS benefits were treated as taxable income.)

WW
 
So, you raise a question.

When someone actually tries to address your question with numbers and projections.

Then all that comes back it bumper stickers, platitudes, and it's the DEMs fault.

Just as a reminder the last two major revisions to Social Security since it's inception occurred in 1983 under Reagan where the FRA from 65 to 67 (in increments) was raised and 50% SS benefits became taxable under certain conditions (later raised to 85% in 1993). (Note: Not 50% or 85% tax rate, but that 50% or 85% of SS benefits were treated as taxable income.)

WW
No, I'm just giving you the layman's terms that gives you the perspective of those who look at reality that isn't then being hidden within numbers. Yes Democrats are easily seen for their destructive roles involved, but I also agree that there has been other's involved in the problem to certain degrees as well.
 
Can the blame be that direct ?
Definitely a Greatest Gen/Boomer issue. Fleeced the US. They lived like kings on debt, set up giant pensions and social security, then ended private pensions for Gen X and raised retirement age for SS on them. Power corrupts.
 
Definitely a Greatest Gen/Boomer issue. Fleeced the US. They lived like kings on debt, set up giant pensions and social security, then ended private pensions for Gen X and raised retirement age for SS on them. Power corrupts.
Lived like Kings on debt ? Was living like kings in debt a self inflicted thing or were they forced to live in debt by designer's of the new way forward, otherwise under globalist oligarchy rule ???

Oh and what happened to the oligarchs of Russia ? Anyone heard about them lately ?
 
Why the lack of interest in such an important topic like Social Security retirement income for Seniors, otherwise after they had gave it their all, and they had paid into a system that was expected to work for them in the end of their year's ?????

Note - Each working citizen paid into the retirement plan, but their employer's had to match their amount being paid in just as well. So where is all the money that was paid into Social Security Retirement, otherwise that was being taken in by the government who were trusted with that money ????

How is it that the money was being diverted or used for other things, and how is it that so much fraud and abuse was found by dodge, and yet no one goes to jail ????

The government needs to make whole the system again by auditing it, then sending people to jail for directly stealing the money with elaborate schemes being applied such as fake recipient's on it at 135 year's old, illegals being funneled the money to for political purposes, and on and on and on it all has gone. TRUMP'S waste, fraud, and abuse task force has revealed it all, but the system still struggles or makes claims that it won't make it if drastic measures aren't taken ? Put the money back into the program, and use just one or rather many of our natural resources worth trillions to then back it up.

Wait I know, I know, so why not fix the problem's found, and shore up the system just like one would do if a dam were to break, and then to do so because that dam was a lifeline for hundreds of thousands of seniors that the corrupt were bleeding dry after breaking the dam on purpose ???

So are the American people just being fleeced and lied too over and over again, and if so why are the seniors being lied too regardless of the administration's involved ???

Seeing no movement on so many issue's that the government has made known to us is disturbing really, and it sends a message to all the young generation's up and coming for whom are probably thinking - "hey what's the use in looking to get old in a system that is designed to see that one doesn't retire on their earned incomes and work merits anymore, and it's all because the system had gone corrupt by stealing the retirement money from that system while making every excuse upon why it is that it's the senior citizens fault that the system hasn't worked or hasn't been managed correctly forever ???.........
Yeah people try and revert to the math or numbers as the excuse, but what has affected the numbers negatively over the year's ????? That is ignored or shied away from because if government officials were part of the breach of trust, and they are still living, then it has to be covered up for their sake right ??
Government has a way of covering for it's political class, and Trump is putting an end to that so they hate him.

That's actually why they think Trump is so dumb, otherwise because he's truly trying to represent the country and his voter base (the American patriots), and so (wow) whoever heard of such a stupid ridiculous thing like that right ?? 😆
 
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Why the lack of interest in such an important topic like Social Security retirement income for Seniors, otherwise after they had gave it their all, and they had paid into a system that was expected to work for them in the end of their year's ?????

Note - Each working citizen paid into the retirement plan, but their employer's had to match their amount being paid in just as well. So where is all the money that was paid into Social Security Retirement, otherwise that was being taken in by the government who were trusted with that money ????

How is it that the money was being diverted or used for other things, and how is it that so much fraud and abuse was found by dodge, and yet no one goes to jail ????

The government needs to make whole the system again by auditing it, then sending people to jail for directly stealing the money with elaborate schemes being applied such as fake recipient's on it at 135 year's old, illegals being funneled the money to for political purposes, and on and on and on it all has gone. TRUMP'S waste, fraud, and abuse task force has revealed it all, but the system still struggles or makes claims that it won't make it if drastic measures aren't taken ? Put the money back into the program, and use just one or rather many of our natural resources worth trillions to then back it up.

Wait I know, I know, so why not fix the problem's found, and shore up the system just like one would do if a dam were to break, and then to do so because that dam was a lifeline for hundreds of thousands of seniors that the corrupt were bleeding dry after breaking the dam on purpose ???

So are the American people just being fleeced and lied too over and over again, and if so why are the seniors being lied too regardless of the administration's involved ???

Seeing no movement on so many issue's that the government has made known to us is disturbing really, and it sends a message to all the young generation's up and coming for whom are probably thinking - "hey what's the use in looking to get old in a system that is designed to see that one doesn't retire on their earned incomes and work merits anymore, and it's all because the system had gone corrupt by stealing the retirement money from that system while making every excuse upon why it is that it's the senior citizens fault that the system hasn't worked or hasn't been managed correctly forever ???.........
Yeah people try and revert to the math or numbers as the excuse, but what has affected the numbers negatively over the year's ????? That is ignored or shied away from because if government officials were part of the breach of trust, and they are still living, then it has to be covered up for their sake right ??
Government has a way of covering for it's political class, and Trump is putting an end to that so they hate him.

That's actually why they think Trump is so dumb, otherwise because he's truly trying to represent the country and his voter base (the American patriots), and so (wow) whoever heard of such a stupid ridiculous thing like that right ?? 😆
Wowl, hope that makes you feel better.

Just a couple of points.

#1 The Preimise of Social Security (SS):
SS was not intended to be a full retirement plan, it was, from its inception (circa 1935), supposed to supplement retirement. The full retirement plan was supposed to consist of (A) Employer Pension, (B) Social Security, and (C) Personal savings. But business boinked that beginning in the 1970's by transitioning to "401K" plans where once you stopped working they had no responsibility. (See lined below.)

#2 All the Money Paid Into Social Security Retirement:
All the money is accounted for, current revenues pay current beneficiaries. Since it's inception any excess is invested in US Treasury Bonds. Starting in 1983 the SS tax rate was increased to cover SS for 50 years by building a larger Trust. That Trust is due to expire in 2034 so they hit it pretty much on the mark. Problem is there have been no new fixes since the 1980's and 1990's to security stable benefits.

#3 There Should Be Audits:
The SS Retirement system is routinely audited by (A) the internal SS Office of Insepctor General, (b) the external fedearal Office of the Inspector General, and (c) non-governemnt entity audits have been done also. The last external civilian audit was conducted by Ernst and Young and completed in November 2024. (Linked below)

#4 Fraud,Waste, and Abuse:
Musk and Trump were blowing smoke for the week minded, there was very little fraud, waste and abuse found in the SS Retirement System. Social Security Retirement has an accuracy of 99.7% (an enviable amount by any large organization). That 0.3% includes fraud AND errors, "errors" includes both overpayments and underpayments with overpayments being routinely clawed back by the SSA and returned. There is the rare, very rare case of relatives attempting to keep getting social security checks after the death of a beneficiary but those are routinely caught and procecuted once discovered as the SSA cross checks such things as MedicAid/MediCare claims and IRS tax filings and in addition the States provide death data to the SS Administration.

Oh, and the claims by Musk and Trump that there were thousands of 150 year old getting benefits was a lie. Due to old system limitations there were people without a proper date of death, but they were not drawing SS Retirement benefits.

Not saying everything is perfect, but the SSA's computer systems are antiquated and need updating. Something they have been trying to secure funding to achieve. (But that type of funding isn't the "sexy" kind.)
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With that said the politicians have been AWOL on "Fixing" SS Retirement as the warnings have existed for decades that the Trust will be exhausted circa 2034. The result will be an approxiamatley 25% decrease in benefits as the SSA moves to full Pay/Go were current revenues pay current benefits and there is no Trust to make up the shortfall. The last major "fixes" were in 1983 (raising the FICA rates and full retirement age) and the early 1990's when SS taxable income was raise from 50% to 85% of the benefit for beneficiaries that have total income below very low amounts.

The above being the perspective of someone who will start drawing SS Retirement in a year.

WW
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Given that it is estimated that there are approximatley 100,000 centarians in the US and that the SSA is paying benefits to 89,100 this makes sense.

Not all people 99 and older are eligible to received SS because they didn't qualify for SS Retirement benefits. So the number of beneficiaries being less than the estimated number from Census data, makes sense.

Sorry, but the claim that thousands of 150 year olds were drawing benefits was hogwash.

WW
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View attachment 1184793

Given that it is estimated that there are approximatley 100,000 centarians in the US and that the SSA is paying benefits to 89,100 this makes sense.

Not all people 99 and older are eligible to received SS because they didn't qualify for SS Retirement benefits. So the number of beneficiaries being less than the estimated number from Census data, makes sense.

Sorry, but the claim that thousands of 150 year olds were drawing benefits was hogwash.

WW
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You raise some very interesting points.

1. If the system has a 99.7% rate of effectiveness, then why doesn't the system basically self sustain itself based on your own numbers citing a 0.3% margin of error ??? Sounds as if by your data the program is managed extremely well, so why has government been AWOL (your words), when it comes to tweaking the program in order to insure it's sustainability for the future generation's to come ? What message are we sending to them after they had paid into the system over the many year's that they had paid into it (that you will be screwed over too, and all due to politician's using the issue as a political football) ??

My wife says to me that people with disabilities are on the system also. Ok, so why doesn't one's paycheck stub itemize the Social Security shown in order to reflect the amounts going to each part of the program ?

Example
Let's just use a low number based on an average wage earner, so let's use $86.00 dollar's extracted from a single earners paycheck for SS.

Do you realize the astronomical numbers in total deductions across this nation for everyone working, otherwise that are being extracted from each working individual in this nation ? More so it doesn't include employer matching in these numbers.

Then let's use another low ball number for Medicare being extracted from every working individual in this country at say $20.00 dollar's per individual on average. It's yet another astronomical number being extracted at even much higher levels than that yet all depending on one's earned income amounts.

You make claims that the Trump administration has lied to the American people on the subject of waste, fraud, and abuse. If this is true, then why aren't investigations being conducted in order to prove to the American people that we have a government that is lying to us ?? We must be informed of such thing's in order that we get transparency on the accusations that we are being lied too.....

This is the way government should be working in effect on behalf of the American people as is shown in the video link below.

 
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You raise some very interesting points.

1. If the system has a 99.7% rate of effectiveness, then why doesn't the system basically self sustain itself based on your own numbers citing a 0.3% margin of error ??? Sounds as if by your data the program is managed extremely well, so why has government been AWOL (your words), when it comes to tweaking the program in order to insure it's sustainability for the future generation's to come ? What message are we sending to them after they had paid into the system over the many year's that they had paid into it (that you will be screwed over too, and all due to politician's using the issue as a political football) ??

My wife says to me that people with disabilities are on the system also. Ok, so why doesn't one's paycheck stub itemize the Social Security shown in order to reflect the amounts going to each part of the program ?

Example
Let's just use a low number based on an average wage earner, so let's use $86.00 dollar's extracted from a single earners paycheck for SS.

Do you realize the astronomical numbers in total deductions across this nation for everyone working, otherwise that are being extracted from each working individual in this nation ? More so it doesn't include employer matching in these numbers.

Then let's use another low ball number for Medicare being extracted from every working individual in this country at say $20.00 dollar's per individual on average. It's yet another astronomical number being extracted at even much higher levels than that yet all depending on one's earned income amounts.

You make claims that the Trump administration has lied to the American people on the subject of waste, fraud, and abuse. If this is true, then why aren't investigations being conducted in order to prove to the American people that we have a government that is lying to us ?? We must be informed of such thing's in order that we get transparency on the accusations that we are being lied too ???

This is the way government should be working on behalf of the American people shown in the video link below.



#1 SUSTAINABILITY
"If the system has a 99.7% rate of effectiveness, then why doesn't the system basically self sustain itself based on your own numbers citing a 0.3% margin of error ???"

Because benefit payments exceed revenues due to the Baby Boomer buldge passing through the system.

#2 DISABILITY | MEDICARE
Social Security retirement are different programs from SS Disability and Medicare.

#3 WHY ISN'T THE ADMINISTATION INVESTIGATING THE LIES THEY TOLD
Really, I mean really? You think the Trump Administration is going to "investigate" the lies told by the Trump Administration and Musk when acting as the head of DOGE? That isn't realistic.

WW
 
#1 SUSTAINABILITY
"If the system has a 99.7% rate of effectiveness, then why doesn't the system basically self sustain itself based on your own numbers citing a 0.3% margin of error ???"

Because benefit payments exceed revenues due to the Baby Boomer buldge passing through the system.

#2 DISABILITY | MEDICARE
Social Security retirement are different programs from SS Disability and Medicare.

#3 WHY ISN'T THE ADMINISTATION INVESTIGATING THE LIES THEY TOLD
Really, I mean really? You think the Trump Administration is going to "investigate" the lies told by the Trump Administration and Musk when acting as the head of DOGE? That isn't realistic.

WW
You made the accusation, so what is the remedy if your accusation of lies exist ??

And better yet, what is your best antidote given for fixing the system, otherwise if it is a failure (easily exploitable by politicians), by telling lies and using the topic as a political wedge in future elections ???
 
You made the accusation, so what is the remedy if your accusation of lies exist ??

In terms of the lies about 150 year old's getting benefits?

Technically none, since it wasn't happening.

However long term Congress needs to properly fund technology upgrades to the SS Administrations antiquated computer systems. Providing seamless integration with:
  • IRA Tax submission information
  • Medicare/Medicaid/VA/TRICARE claims processing to determine medical activity (not medical records themselves)
  • Integration with State Department Vital Records (whatever they are called) to efficiently gather death events.
And better yet, what is your best antidote given for fixing the system, otherwise if it is a failure (easily exploitable by politicians), by telling lies and using the topic as a political wedge in future elections ???

I've come to believe that we need a re-evaluation of SS Taxes in general. The workforce and economy are very different than they were in 1935 when the system was created. Now I'm leaning more toward, making SS Tax applicable to all income the same way it is determined for Income Tax (wage, interest, dividends, short term stock commodities, and long term capital gains) as a new revenue source. As such:
  • Current SS tax of 12.4% would remain (6.2% by the EE and 6.2% by the ER).
  • Non-wage income would be taxed at a rate equal to 25% of the total FICA rate or another way to say it as 1/2 of the individual EE rate. That would currently be 3.1%.
  • Financial institutions would be required to collect the 3.1% at the time of posting, just like employers (ERs) collect it at the time of payment.
  • Because the non-wage rate is 25% of the wage rate (3.1% compared to the FICA total of 12.4%), then 25% of non-wage income would be credited to SS Income for that year.
  • Current cap of 160K on wage income could remain the same.
  • A cap of 40K would also apply to non-wage income. (25% taxed, so 25% of wage cap)
  • The sum of the wage credit and non-wage credit is posted as the total SS Income for the year which is then used to determine SS benefit amounts.
Example:

A high wage earner makes $300K in wages, taxes are collected on wages up to $160K for a total of $19,840 in wage tax. Applicable income credited for the year for future benefits calculations is $160K. If the same person has in additional $100K of non-payroll investment income, the SS Tax would be $3,100 at 3.1%. Total SS Taxes would then be $22,940. 25% of the $100K passive income would be credited to SS Income for the year equaling $25K since the tax rate is 25% of the full FICA rate. So the individuals total SS Income credited for the year would be $160 + $25K = $185K.

A "Low Wage" earner making say $40K would pay 6.2% ($2,480) on wages. If they had $500 in interest than $3.1% = $15.50). Total SS Income for the year would then be credited as $40,125. $125 being 25% of the $500 in interest.

WW
 
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In terms of the lies about 150 year old's getting benefits?

Technically none, since it wasn't happening.

However long term Congress needs to properly fund technology upgrades to the SS Administrations antiquated computer systems. Providing seamless integration with:
  • IRA Tax submission information
  • Medicare/Medicaid/VA/TRICARE claims processing to determine medical activity (not medical records themselves)
  • Integration with State Department Vital Records (whatever they are called) to efficiently gather death events.


I've come to believe that we need a re-evaluation of SS Taxes in general. The workforce and economy are very different than they were in 1935 when the system was created. Now I'm leaning more toward, making SS Tax applicable to all income the same way it is determined for Income Tax (wage, interest, dividends, short term stock commodities, and long term capital gains) as a new revenue source. As such:
  • Current SS tax of 12.4% would remain (6.2% by the EE and 6.2% by the ER).
  • Non-wage income would be taxed at a rate equal to 25% of the total FICA rate or another way to say it as 1/2 of the individual EE rate. That would currently be 3.1%.
  • Financial institutions would be required to collect the 3.1% at the time of posting, just like employers (ERs) collect it at the time of payment.
  • Because the non-wage rate is 25% of the wage rate (3.1% compared to the FICA total of 12.4%), then 25% of non-wage income would be credited to SS Income for that year.
  • Current cap of 160K on wage income could remain the same.
  • A cap of 40K would also apply to non-wage income. (25% taxed, so 25% of wage cap)
  • The sum of the wage credit and non-wage credit is posted as the total SS Income for the year which is then used to determine SS benefit amounts.
Example:

A high wage earner makes $300K in wages, taxes are collected on wages up to $160K for a total of $19,840 in wage tax. Applicable income credited for the year for future benefits calculations is $160K. If the same person has in additional $100K of non-payroll investment income, the SS Tax would be $3,100 at 3.1%. Total SS Taxes would then be $22,940. 25% of the $100K passive income would be credited to SS Income for the year equaling $25K since the tax rate is 25% of the full FICA rate. So the individuals total SS Income credited for the year would be $160 + $25K = $185K.

A "Low Wage" earner making say $40K would pay 6.2% ($2,480) on wages. If they had $500 in interest than $3.1% = $15.50). Total SS Income for the year would then be credited as $40,125. $125 being 25% of the $500 in interest.

WW
Ok, so put your numbers into a field trial scenario by showing examples of different level wage earners, their SS taxes paid, and then take it to a broad accounting that includes the numbers of employee's working at these different levels in the whole of the country. This is in order to give us some kind of numbers that are being dealt with at the federal level in approximation totals verses the amount of population that will be tapping into the numbers that are forth coming.

Then give examples of waste, fraud, and abuse that we have seen by telling us what is real in your mind and what isn't.

The people want simple analogies and answers that are easily interpreted in so that they can apply them to government rhetoric and activity that seems to always be fear mongering over a system that you say has a 97% accuracy with a 3% margin of error. Anything allegedly managed that well should have already accounted for the shift in the numbers by either raising the taxes by various percentages that would have accommodated for the shifts or fluidity in the numbers.

Keep it simple...........
 
Ok, so put your numbers into a field trial scenario by showing examples of different level wage earners, their SS taxes paid, and then take it to a broad accounting that includes the numbers of employee's working at these different levels in the whole of the country. This is in order to give us some kind of numbers that are being dealt with at the federal level in approximation totals verses the amount of population that will be tapping into the numbers that are forth coming.

Then give examples of waste, fraud, and abuse that we have seen by telling us what is real in your mind and what isn't.

The people want simple analogies and answers that are easily interpreted in so that they can apply them to government rhetoric and activity that seems to always be fear mongering over a system that you say has a 97% accuracy with a 3% margin of error. Anything allegedly managed that well should have already accounted for the shift in the numbers by either raising the taxes by various percentages that would have accommodated for the shifts or fluidity in the numbers.

Keep it simple...........

I'm not your secretary.

The math is simple, do your own calculations. As so scaling it up to the national level, that would take expert economists and the Congressional Budget Office.

As SS retirement fraud, waste, and abuse - look them up yourself. But you will find them pretty rare. Remember this is about SS Retirement. Disability, Mediaid, and Medicare are different programs.

Stay on track and focus on SS retirement.

WW
 
I'm not your secretary.

The math is simple, do your own calculations. As so scaling it up to the national level, that would take expert economists and the Congressional Budget Office.

As SS retirement fraud, waste, and abuse - look them up yourself. But you will find them pretty rare. Remember this is about SS Retirement. Disability, Mediaid, and Medicare are different programs.

Stay on track and focus on SS retirement.

WW
Oh so you know enough to throw out all those numbers in a limited way, otherwise in an attempt to dispute my assertions, but then when it comes to you having a knowledge of the entire dilemma then you fail ???

So you are all show and no go then... Got it !!
 
Oh so you know enough to throw out all those numbers in a limited way, otherwise in an attempt to dispute my assertions, but then when it comes to you having a knowledge of the entire dilemma then you fail ???

So you are all show and no go then... Got it !!

Yes, it's called research and using good sources and not believing what the cult leaders tell you.

At least I've address real questions, and provided information and links to show support what was being said.

As opposed to an angry person just waving their fist at the sky trying to blame someone.

WW
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