View Poll Results: How Do You FIx Social Security?

Voters
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  • Raise FICA tax to 14.6 %

    2 8.33%
  • Raise elegebility age

    6 25.00%
  • Eliminate or raise earning cap

    7 29.17%
  • Reduce payments to wealthy retirees

    9 37.50%
  • Adjust COLA system to reduce annual raises

    1 4.17%
  • Other, please specify

    8 33.33%
  • Eleminiate Social Security entirely

    8 33.33%
Multiple Choice Poll.
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Thread: Fixing Social Security

  1. #31
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    Re: Fixing Social Security

    Quote Originally Posted by American View Post
    No, if the wealthy get less, then they should pay less.
    The program is called SOCIAL Security because it is a program which benefits SOCIETY... thus the Social part of it.

    And individual retirement account is called ........ an individual retirement account. That gives you what you pay into it since it is just for you.
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  2. #32
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    Re: Fixing Social Security

    Quote Originally Posted by Redress View Post
    Source thread is based upon: Amending Social Security: how to's surface during national debt talks - Yahoo! News



    I think we all know something has to be done to make SS solvent and last, or at least stop draining the budget. The article lists 5 possible solutions. Please refer to the article for specifics. You can pick more than one option.

    Note: Poll incoming, please be patient while I type.
    I say raise the retirement age and raise it every time the average life expectancy rises. I think as long as you pay into it you should be compensated for it, so there should be no means testing. If they want to prevent the wealthy from getting it then they should be allowed to opt out of paying into social security.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

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  3. #33
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    Re: Fixing Social Security

    Quote Originally Posted by Ockham View Post
    For those under 40 - I'd support removing SS altogether as an option. Have the government pay out what was paid in for the < 40 crowd and let people invest it - OR - leave it right where it is.

    If they leave it, raise the age to 70 years old for retirement BUT, pass an amendment or some other permanent legislation that cannot be subverted by Congress or the President which makes it impossible for SS dollars to be used for ANY executive or legislative project other than, Social Security. It would need to be "untouchable".
    the problem becomes, it was set up as a pyramid scheme. you need money coming in from those below to pay those currently retired.

  4. #34
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    Re: Fixing Social Security

    Quote Originally Posted by haymarket View Post
    The program is called SOCIAL Security because it is a program which benefits SOCIETY... thus the Social part of it.
    really? I could have sworn the checks went to individuals.

  5. #35
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    Re: Fixing Social Security

    Quote Originally Posted by American View Post
    How about just mandating that people invest in a retirement plan. It doesn't have to be social security. The government could set up a system of rating funds or stock if they want to provide some guidance. Or better yet, teach mandatory courses in economics and investment in high school.
    Chile did something very like that.

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