By Automan Empire
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2018 Jun 4, 4:14pm
3,232 views 22 comments
If combined employer/employee contributions were immediately increased by 2%, the fund would remain solvent indefinitely (75+ year projection.)
Nobody wants to be the politician that proposes raising taxes for benefits decades away.
Raise the age you can start to receive benefits. Do this immediately, and don't grandfather in anyone. No tax hike required!
Yeah, screw those old people. It's not like they've been working hard and paying in the past 45 years.
Social Security benefits needs to have been indexed to life span extension
Besides, shouldn't the ever increasing cap on income that is taxed by payroll taxes essentially be covering the extended life span ? What do you think it's covering ?
Booger saysSocial Security benefits needs to have been indexed to life span extensionin my opinion that's bullshit. If we can spend trillions on attempted nation building in Iraq, while simultaneously giving the rich tax cuts we can't afford funded in part by surplus funds coming in to the SS TF, then we can pay for those extended benefit out of the trust fund. Besides, shouldn't the ever increasing cap on income that is taxed by payroll taxes essentially be covering the extended life span ? What do you think it's covering ? Is it covering the fact that payroll taxes are spent as if they are regular income taxes ? To be used to claim we can afford tax cuts that we can't ?
Communist ravings. AMERICA! was invented to bomb humanity into rubble for the profit of, at most, four guys who have been ordained to fight it out for control of every monetizable asset in the universe and finally reveal the winner who will strangle GOD! with his bare hands exactly as the Founding Fathers intended.
How about means testing? Plenty of millionaires and billionaires don’t really need to depend on the largesse of the working class. Surely we could make up 2% that way!
So easy for someone who will get 5 times in pension than the rest of us get in SS
One way to fix SS is to eliminate the ridiculous pensions government employees get, and put the difference in the SS fund.