Every generation has its jealousies -- all of it is horserot. Social Security will be there for every citizen if we do two simple things: uncap Social Security and remove Social Security collections from the General Fund. With those two changes, Social Security even has enough to provide annual cost of living increases.
I'm fully prepared to be the first generation that lives without social security or medical entitlements. I'm stocking my war chest. Greatest generation part 2, baby.
You do realize it was the Greatest Generation that created Social Security in the first place, right?
Social Security is not failing. It is the single most successful social program in our nation's history and is fully solvent through 2037. Removing the cap on contributions and means testing benefits pushes solvency out through 2075. Don't believe the GOP hype about how bad off SS is.
It's not failing in the traditional sense (I did not start this thread) nor is it destined to fail because of some insurmountable obstacle. The "failure" is in people's over-reliance on SS for retirement. The same folks disdainful of European social systems simply pretended they had one too (along with their lower taxes), and now are scared ****less as they hit age 60+ and reality rears it's ugly head. I don't feel much pity. This is the same generation that burdened the nation with a ****-ton of debt too. Frankly, they can pay for it. From their "pensions".
Bravely spoken. I'll bet you're sub 55 and I'll further wager that your opinion will change once you hit 60 or so. Too bad these bets are moot.
This is the first post I have ever agreed with you on. OP is perhaps the dumbest post I have ever seen. Ever. It's called google.
So you want to increase the marginal tax rate on all income over $100,000 by 12%? You want to do this to support a program that most if not all of the people negatively affected will never require? Somehow, I don't think that is going to pass a Republican controlled house.
Absolutely. It's hard enough budgeting on Social Security top $3,000 month income vs the $1,000 per month on the lower end. This would allow retirees to receive a more livable stipend to augment their savings/investments. Gross income minus Social Security tax paid would be fair, especially if we implemented a graduated flat tax. Perhaps the maximum per payee could be doubled at greater contribution levels. You never know when you are going to be broke. Vernon Maxwell is a great example of a top wage earner who now looks for his next meal from under a bridge when he's not in jail. If he ever reaches retirement age, that SS money will look mighty good.
Doubtful. I'm not stupid enough to count on SS for anything more than what it was intended to do (if it's even around at that point).
