View Poll Results: Should Social Security Retirement be increased?

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  • Yes!

    17 48.57%
  • No!

    7 20.00%
  • It should be eliminated!

    7 20.00%
  • Switch Congressional Retirment to Social Security!

    13 37.14%
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Thread: Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

  1. #31
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    Re: Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

    How much is enough for you people??
    Quote Originally Posted by Lutherf View Post
    They shouldn't receive benefits but they should pay into it? I just want to make sure I'm clear on your position.
    Whatever the law says about them paying in, yes..Means-test the uber-rich!!
    Physics is Phun

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    Re: Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

    Quote Originally Posted by NIMBY View Post
    How much is enough for you people??

    Whatever the law says about them paying in, yes..Means-test the uber-rich!!
    ahh, so you want to change the very structure of SS and turn it into a means tested welfare program.


    if you aren't going to allow them their benefits, it's wrong for you to take their money

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    Re: Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

    Quote Originally Posted by NIMBY View Post
    How much is enough for you people??

    Whatever the law says about them paying in, yes..Means-test the uber-rich!!
    Forcing someone to pay for something and then prohibiting them from benefiting from that something is outright theft.

    While I'm not surprised by your position on this I do find it more than a little disturbing that you (and I have to assume many others) would be OK with such abuses.

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    Re: Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

    Quote Originally Posted by specklebang View Post
    That would mean I will be 82 when I hit break-even.
    Stick it to 'em. Live to be 83.

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    Re: Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

    Quote Originally Posted by Thrilla View Post
    if you aren't going to allow them their benefits, it's wrong for you to take their money
    Anybody ever done payroll? The "FITW" Federal Income Tax Withheld, SS Tax and the Medicare Tax are all added up together. The money is sent to the exact same place. Code Red: High Alert: Social Security is not a retirement fund. Social Security is a tax. This tax is just calculated differently.

    Taxes are not intended to benefit the payer of the tax directly. If that were the case it would be pointless to take it.

  6. #36
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    Re: Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

    Quote Originally Posted by vasuderatorrent View Post
    Stick it to 'em. Live to be 83.
    Easy for you to say. But OK, I have to raise the cats anyway so I'll go with it - for now

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    Re: Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

    Quote Originally Posted by vasuderatorrent View Post
    Anybody ever done payroll? The "FITW" Federal Income Tax Withheld, SS Tax and the Medicare Tax are all added up together. The money is sent to the exact same place. Code Red: High Alert: Social Security is not a retirement fund. Social Security is a tax. This tax is just calculated differently.

    Taxes are not intended to benefit the payer of the tax directly. If that were the case it would be pointless to take it.
    Actually Social Security is OASDI which is "Old-Age, Survivors and Disability Insurance"
    Social Security (United States) - Wikipedia, the free encyclopedia

    What you'll commonly see on your pay stub is FITW and then FICA which is the Federal Insurance Contributions Act which includes both Social Security and Medicare.

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    Re: Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

    Quote Originally Posted by vasuderatorrent View Post
    Anybody ever done payroll? The "FITW" Federal Income Tax Withheld, SS Tax and the Medicare Tax are all added up together. The money is sent to the exact same place. Code Red: High Alert: Social Security is not a retirement fund. Social Security is a tax. This tax is just calculated differently.

    Taxes are not intended to benefit the payer of the tax directly. If that were the case it would be pointless to take it.

    interesting.. i've never seen anyone deny the existence of SS benefits before.

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    Re: Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

    Quote Originally Posted by Thrilla View Post
    interesting.. i've never seen anyone deny the existence of SS benefits before.
    People do get Social Security benefits. I know of several who do. I just think anybody who believes the money that they paid in back in 1972 is the same money paying them today is a lot more optimistic than I am.

    The money collected in 2013 is being used to pay beneficiaries in 2013. There is no savings account with your name on it. This Ponzi Scheme will fall apart unless tax payers bail it out. That day isn't too far away. There is no Social Security savings account.

    I've been told there used to be a Social Security Fund and I believe it.

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    Re: Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

    Quote Originally Posted by pbrauer View Post
    I think it should be increased, I would like to see the cap taken off and possibly lowering the payroll tax somewhat. Can you imagine what would have happened during the Great Bush recession if there wasn't Social Security?

    Increase benefits while lowering the related tax? Sure, that will help balance the books.

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