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Florida GOP sweats over Social Security

YOU CANNOT ELIMINATE POVERTY! God...

Well, I guess you can - if you're a socialist/syndicalist. Are you?

So you're from the "Let them eat cake" school.

Good to know.
 
Does popping the cap on upper level income earners mean they get more benefits?

NO. The benefit levels would be frozen where they are today plus inflation.

This is where half the name of the program comes into play. It is not an Individual Retirement Account or IRA meaning that what you put in is what you get out. Social Security is a societal wide program to benefit society as well as the individual enrolled into it. Thus the name SOCIAL as half of it. The rich may not get any additional income benefits from higher contributions but they gain tremendously in being able to live in a sustainable and hopefully prosperous society where Americans can live in dignity. That is a tremendous benefit to the wealthy.
 
NO. The benefit levels would be frozen where they are today plus inflation.

This is where half the name of the program comes into play. It is not an Individual Retirement Account or IRA meaning that what you put in is what you get out. Social Security is a societal wide program to benefit society as well as the individual enrolled into it. Thus the name SOCIAL as half of it. The rich may not get any additional income benefits from higher contributions but they gain tremendously in being able to live in a sustainable and hopefully prosperous society where Americans can live in dignity. That is a tremendous benefit to the wealthy.

Now if a person never worked thus never put a dime into SS, what SS benefits do they get.
 
So you're from the "Let them eat cake" school.

Good to know.

Yes, because for many that's all they want is to eat cake. Thus you will never get rid of poverty. Remember the old saying, "you can lead a horse to water but you can't make him drink".
 
With the modified rate of return given Social Security, you'd be better off putting it in a low-interest savings account and leaving it to rot, let alone any sort of rational investment.

You're opinion doesn't wash. The $115,000 contributed on Tom's behalf over his 40-year working career would buy a monthly annuitized payment of $1164 at 4% interest. If you're saying that SS funds should be invested in the stock market, that's absurd. Look at our public pensions. Huge mess because of stock market losses. 'Bout the onlly thing I could think of that SS funds could be invested in would be US bonds.
 
Now if a person never worked thus never put a dime into SS, what SS benefits do they get.

they can get ssi benefits, but fica taxes do not fund that portion of SS.
 
they can get ssi benefits, but fica taxes do not fund that portion of SS.

Interesting. However, spouses who have never paid into the system are entitled to SS benefits beginning at age 62. Widows who have never paid into the system are entitled to SS benefits beginning at age 60.

Children of deceased or disabled workers:

Within a family, a child may receive up to one-half of the parent’s full retirement or disability benefit, or 75 percent of the deceased parent’s basic Social Security benefit. However, there is a limit to the amount of money that can be paid to a family. The family maximum payment is determined as part of every Social Security benefit computation and can be from 150 to 180 percent of the parent’s full benefit amount. If the total amount payable to all family members exceeds this limit, each person’s benefit is reduced proportionately (except the parent’s) until the total equals the maximum allowable amount.

(To age 18 if not in school; to age 19 if enrolled.) Disabled children will continue getting SS benefits for life.
 
Interesting. However, spouses who have never paid into the system are entitled to SS benefits beginning at age 62. Widows who have never paid into the system are entitled to SS benefits beginning at age 60.

Children of deceased or disabled workers:



(To age 18 if not in school; to age 19 if enrolled.) Disabled children will continue getting SS benefits for life.

does a spouse of a living recipient get benefits?
 
I'm sure we would have just accepted the losses in the stock market crash and told seniors tough cookies. Lol

Remind me to never ask you for investment advice.
Considering that a senior should never have the majority of their funds in shares but rather safe, fixed income securities.
Which is what the vast majority of target retirement funds do when someone closely approaches retirement.

See this people, investment ignorance rules the day, for this debate.
 
please google it yourself. thanks.

Got it, it's funded by the tax payer, which those benefits that are not funded by FICA is nothing more than Welfare. Those benefits funded by FICA is measured by the amount you put in. So if you draw SS funded by FICA you were in the working pool, if you receive benefits from the tax payer your on Welfare.
 
a huge copayment on all medicare starting at $300?

now, i'm not a nuclear physicist, but as i look at the amount of money that is spent on medicare.... and I compare that to the sum of $300.... the word that springs into my mind is not "huge". irrespective, prices for medicare-covered services need to rise.

incidentally, did you say that your source for this was a friend said his doctor told him - as opposed to actually being able to cite it?

It isnt the 300 per person cpwill its that every single cut in ryans plan was a middleclass or cut for the poor..and then HUGE tax cuts for the richest americans and corporations...thats why it failed...i went to a town hall meeting with my congressman when he was trying to "SELL" the ryan plan...he got brutalized..
by mere questions that he floundered trying to answer...he had one more town hall to sell it...got hammered again...and gave it up

Ryan was either a fool or he had not intention of trying to get it to pass and it was a just rhetoric to feed the far right greedy nutter teapartists feeding frenzy.
 
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It isnt the 300 per person cpwill its that every single cut in ryans plan was a middleclass or cut for the poor..and then HUGE tax cuts for the richest americans and corporations...thats why it failed...i went to a town hall meeting with my congressman when he was trying to "SELL" the ryan plan...he got brutalized..
by mere questions that he floundered trying to answer...he had one more town hall to sell it...got hammered again...and gave it up

Seniors need to pay more for Medicare.
They are statistically the most wealthiest, by age group.

It's a reverse progressive taxation scheme.
 
that must be why Marco Rubio was so hesitant to mention it in his Senate race, eh? :roll:

old rules slowly apply alot less. sorry MediScarers.

My friend CPWILL you are wrong again :) When rubio was campaigning it was over a year ago...since the nov election the climate has changed and what changed it was Govs like Rick Scott and the other teaparty newly elected govs that raped the middleclass and either cut taxs for the rich and corporations or tried and failed...plus all the rhetoric from the teaparty take from the middle class and give to the rich...and Ryans failed plan....trust if rick scott ran today he would lose by a landslide and rubio may very well not be a senator although he would have a much better chance of being elected than scott..
 
Got it, it's funded by the tax payer, which those benefits that are not funded by FICA is nothing more than Welfare. Those benefits funded by FICA is measured by the amount you put in. So if you draw SS funded by FICA you were in the working pool, if you receive benefits from the tax payer your on Welfare.

everything is funded by the taxpayer. and?
 
Seniors need to pay more for Medicare.
They are statistically the most wealthiest, by age group.

It's a reverse progressive taxation scheme.

we pay into medicare our whole lives as well, as a % of our income, don't we?
 
what should it do, make someone wealthy? we are talking about people who never paid anything in here.

I know quite a few people on SSI, it provides for a poverty (I mean broke) lifestyle and unless you cheat the system, you will forever be on tons of supplemental government assistance.
If you're born with a birth defect that prevents you from earning any type of income, SSI barely keeps your head above water.
 
we pay into medicare our whole lives as well, as a % of our income, don't we?

Except that money does not go to an account, where it is saved for you.
It is spent, on your behalf by the government, now.

Meaning that, you reap some benefits of the taxes you pay, soon after you pay them.
It's essentially double dipping.

Otherwise, our government would be carrying a large (potentially trillion dollar) surplus.
 
everything is funded by the taxpayer. and?

No, you can fund FICA without paying taxes, depending on your income and deductions. So again if you draw SS funded by FICA you contributed to your own benefits, if your drawing benefits funded by someone else your on Welfare. Call it like it is.
 
I know quite a few people on SSI, it provides for a poverty (I mean broke) lifestyle and unless you cheat the system, you will forever be on tons of supplemental government assistance.
If you're born with a birth defect that prevents you from earning any type of income, SSI barely keeps your head above water.

Your absolutely right Harry..everything you said was fact....the average SS payment is a whopping 1100 a month...its not the SS recipients that worked and paid into SS thats breaking it....its all the freebies that have been added to it...

Spouses that never worked....children under 18 of a deceased parent....hes the one I love...If a man marries and remains married at one time it was just 9 months now I believe its two years..10 times...all 10 wives collect his social security...that is the kind of crap that has broken SS.
 
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