Feenstra introduces social security bill
- Thread starter THE_DEVIL
- Start date
The stated intent sounds good.
My issue is a Trump WH will start diverting funding for other projects if they decide a surplus is too large.
My issue is a Trump WH will start diverting funding for other projects if they decide a surplus is too large.
I bet ol’ Randy has a plan that is more secure and cheaper than the current plan, too!
SS can be solvent w/ an increased tax on higher wage amounts.
Yep, there were no problems until they put that f***ing cap on it. Put that back and they should be able to lower the retirement age and quit screwing the the amounts people draw.
Just take the cap off, don’t raise the rate
Add a few % to the tax rate for >$150k
Tack on a 50% cap gains tax on stock buybacks that goes to SS (you pay on the gain from when the company issued the shares for the buybacks)
Raise taxes on wealthy corporations. Don’t steal SS.
Don’t raise the rate, just take the cap completely off, if you want to raise the rate, then increase what someone making over 150k gets back in ss
It’s always had a cap, so by your logic it has always had problems.
This thread will be full of misinformation about FDR’s Ponzi.
Social Security taxes were first collected in January 1937, with workers and employers each paying one percent of the first $3,000 in wages and salary.
Over twenty tax increases since then from two percent to 12.4%, and still structurally insolvent.
Lower it? LOL
They need to raise the retirement age to at least 67 to begin benefits, make full retirement age 70.
No; the caps were raise as wages went up.
They have not been raised for quite a while, now.
Why the **** would you want that?!?
People are living longer.
People are working longer
The fund itself is drying up and those changes will help keep it solvent.
And with the increases in executive pay the cap should be reviewed on a periodic basis.
Because people are living longer and also many seniors want to continue working. I didn’t touch SSI until I was 68. And aside from a year off I worked until I was 71, where many of my coworkers were also “seniors”. Go into a Home Depot or a WalMart or any retail store and note the older work force. Retired part timers are filling positions others don’t want or can’t support a family on.
There’s a growing popularity and trend among older workers to delay SSI until it maxes out at 70 because of the higher benefits. If that continues then more are still paying into the system and that’s not a bad thing.
Raising the retirement age isn't as easy as it sounds. Some people work more physically demanding jobs than others. It's fine where it's at. Just remove the payroll cap.
I have no interest whatsoever in working longer.
Meanwhile let's not tax rich people and give them breaks like Trump did.
We are taxing the rich,.. Who do you think pays a majority of current taxes?, the poor?
Nobody was better at managing the national debt than Trump. I say we give him another shot at fixing entitlement programs.
Biden will exceed himNobody was better at managing the national debt than Trump. I say we give him another shot at fixing entitlement programs.
Biden left out that the debt on his watch is on pace to exceed Trump’s one-term debt accumulation by the end of his current term, Jan. 20, 2025. During his first three years, Biden had already accumulated $6.32 trillion in debt. For his final year, the nonpartisan Congressional Budget Office has projected a deficit of $1.582 trillion. Add those two figures together, and you get $7.902 trillion as Biden’s four-year total.
I believe $8.4 trillion is a larger #.
Math.
And you’re minimizing the 10-year contribution of Trump’s tax cuts to Biden’s “debt”
I was posting from an article that says the US treasury says 7.8 under Trump.
They are operating at a 1.5 trillion deficit right now. So if Biden wins 4 more years that’s another $6 trillion.
Neither party in Washington honestly gives two shots about the national debt. It’s a talking point for elections.
I let’s ally think they should be required to pass a balance budget each year. Increase taxes across the board and draconian spending cuts.
Fact-checking Joe Biden on debt accumulated under Donald Trump
Assigning debt to a particular president can be misleading because so much traces back to bipartisan legislation on Social Security and Medicare.
www.statesman.com
When they pay a smaller tax rate than their fvcking secretaries
The “rich” should pay a majority of taxes, dumbass….they are the ones with the money! They should probably pay more…..why should a working stiff who punches “in and out” daily pay a higher percentage of his/her wagers than a “rich” person? Why shouldn’t a corporation pay income taxes? Corporations are nothing more than tax dodges…..we all understand that!
The rich already do pay a majority of taxes,.. The average working stiff does not pay a higher percentage of his or her wages in taxes than the average rich person,.. Corporations do pay taxes,.. You appear to understand very little.
Who's a helluva lot smarter than you are, two time Trump voter. Dupe.
The wealthy love uneducated Republican voters.
You’re right, they pay a higher share of taxes than they receive as a share of income.
It’s not fair, it’s progressive.
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