Nope.

 

It's time we stopped pretending that SS is an insurance fund that you pay into yourself and you take that same money out. That's not how we've treated it in reality, so why keep up the deception?

 

I appreciate the honesty. If more people such as yourself would simply say, "I think we need to legislate that wealthy people pay for the care of poor people," then we might all get along better.

I partially blame abortion. Based upon how the number of babies that have been aborted in the US and assuming the worse (only half those over 18 work on average 1/2 time for minimum wage; the other half don't work at all), we have forfeited approximately 7 BILLION dollars that would have been paid into Medicare and 30 BILLION dollars that would have been paid into Social Security. Personally, I believe those numbers are many times higher.

I partially blame abortion. Based upon how the number of babies that have been aborted in the US and assuming the worse (only half those over 18 work on average 1/2 time for minimum wage; the other half don't work at all), we have forfeited approximately 7 BILLION dollars that would have been paid into Medicare and 30 BILLION dollars that would have been paid into Social Security. Personally, I believe those numbers are many times higher.

 

And then...you have to put some blame on better drugs and medical procedures, allowing people to live far longer than anticipated back when SS was originally implemented.

I partially blame abortion. Based upon how the number of babies that have been aborted in the US and assuming the worse (only half those over 18 work on average 1/2 time for minimum wage; the other half don't work at all), we have forfeited approximately 7 BILLION dollars that would have been paid into Medicare and 30 BILLION dollars that would have been paid into Social Security. Personally, I believe those numbers are many times higher.

 

The flip side to that line of reasoning is that had Roe v. Wade been law 30 years earlier, the Baby Boom generation wouldn't be about to drain Social Security. From a purely economic standpoint; the argument can just as easily be made that Roe v. Wade came a generation too late.

And I suppose that you would still want these people to "contribute" to the system? And would you want their employers to continue their matching "contributions" to the system?

 

Once again a solution that would penalize someone for being successful. Sounds like just another Welfare program to me.

 

:thumb:

 

I just don't understand the arguement that the people who have worked to become wealthy should have to support those who aren't....

And then...you have to put some blame on better drugs and medical procedures, allowing people to live far longer than anticipated back when SS was originally implemented.

And I also blame the government for not increasing the retirement age as life expectancy got longer. Life expectancy in 1935 was about 62. Yet the earliest retirement age was 65. On top of that as people lived longer, we not only didn't increase the retirement age, we allowed people to retire even earlier!

And I also blame the government for not increasing the retirement age as life expectancy got longer. Life expectancy in 1935 was about 62. Yet the earliest retirement age was 65. On top of that as people lived longer, we not only didn't increase the retirement age, we allowed people to retire even earlier!

 

 

People should be able to retire whenever they want. They should have to live off their own retirement money though. The way to fix SS IMO is just to eliminate it....

People should be able to retire whenever they want. They should have to live off their own retirement money though. The way to fix SS IMO is just to eliminate it....

 

What about the money that people have already invested into it? Tough luck?

I have no crazy ideas that SS will be around for me...I have set up my plan according to that idea...if it is...that's gravy.

What about the money that people have already invested into it? Tough luck?

 

 

It's gonna run out before my generation gets any, so we're already just investing it and not getting anything back.

I have no crazy ideas that SS will be around for me...I have set up my plan according to that idea...if it is...that's gravy.

 

:thumb:

 

Exactly.....Save accordingly and you won't have to worry about whether it's there or not.

Do you also propose to eliminate payments into S.S. for "people at a certain level of wealth?"

We already do for all income except wages and for wages over $9?,???.

Social Security contributions currently end at $97,500 and benefits are restricted at the top but I'm not sure how that formula works. Medicare contributions do not max out.

I have no crazy ideas that SS will be around for me...I have set up my plan according to that idea...if it is...that's gravy.

So have I RP, the question is why should I continue to have to pay into it.

Social Security contributions currently end at $97,500 and benefits are restricted at the top but I'm not sure how that formula works. Medicare contributions do not max out.

I'm against progressive taxes and regressive taxes. I'd like to see the cap taken off for social security wages and then possibly lower the % of tax on everyone. I don't see the 2nd part ever happening.