View Poll Results: Your Identity and For/Against this SS Reform model

Voters
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  • Socialist and Against

    10 10.99%
  • Socialist and For

    1 1.10%
  • Democrat and Against

    21 23.08%
  • Democrat and For

    6 6.59%
  • Republican and Against

    2 2.20%
  • Republican and For

    22 24.18%
  • Libertarian and Against

    9 9.89%
  • Liberarian and For

    9 9.89%
  • I am for it, but with a particular modification (explain)

    11 12.09%
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Thread: Social Security Fix

  1. #221
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    Re: Social Security Fix

    If we valiantly make the tough decisions to reduce the costs of social security the government is just going to use the savings to spend stupidly. Lets give the elderly and disabled a big raise instead and let them spend the money on things like food and transportation. And deluxe walkers.

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    Re: Social Security Fix

    Quote Originally Posted by sazerac View Post
    If we valiantly make the tough decisions to reduce the costs of social security the government is just going to use the savings to spend stupidly. Lets give the elderly and disabled a big raise instead and let them spend the money on things like food and transportation. And deluxe walkers.
    the unfunded liability (the money we currently are slated to pay out but don't have and won't be able to collect) for Social Security and Medicare is currently $106 Trillion. Given that that is almost twice world GDP; where do you propose we get that money?

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    Re: Social Security Fix

    Quote Originally Posted by cpwill View Post
    the unfunded liability (the money we currently are slated to pay out but don't have and won't be able to collect) for Social Security and Medicare is currently $106 Trillion. Given that that is almost twice world GDP; where do you propose we get that money?
    We get rid of all caps on social security and we start taxing all income, not just wages.

    We start increasing taxes on anybody who uses our infrastucture to sell their goods and services. And that includes all media and satelite infrastructure. This is where we put our tax focus. Nobody should even pay taxes if they are low income because they are not getting any advantage of our infrastucture.

  4. #224
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    Re: Social Security Fix

    and how is reducing economic growth a better plan than making the working poor financially independent? The plan I posted makes your lower-income families into millionaires. why would you not want that?
    Last edited by cpwill; 04-07-11 at 02:53 AM.

  5. #225
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    Re: Social Security Fix

    Quote Originally Posted by cpwill View Post
    and how is reducing economic growth a better plan than making the working poor financially independent? The plan I posted makes your lower-income families into millionaires. why would you not want that?
    If every working person put 16% (8 from the paycheck, 8 from the employer, as per Social Security) into an IRA, there is no question that he/she would be far and away better off after 40 or 50 years than by putting the same amount into SS. That was the heart of your suggestion, I believe.

    The problem is, we already have a majority of Americans who have been paying into SS, there is an increasing number reaching retirement age, and they will start drawing SS. So, if the people who still have 30 or 40 years of employment ahead of them quit funding SS, where is the money going to come from for the current retirees?
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  6. #226
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    Re: Social Security Fix

    Quote Originally Posted by sazerac View Post
    We get rid of all caps on social security and we start taxing all income, not just wages.

    We start increasing taxes on anybody who uses our infrastucture to sell their goods and services. And that includes all media and satelite infrastructure. This is where we put our tax focus. Nobody should even pay taxes if they are low income because they are not getting any advantage of our infrastucture.
    SS isn't a regular tax program. If you're going to pop the cap on wages, you have to do the same with benefits, or else it turns into welfare and not a retirement program.
    Give a man a fish, or he will destroy the only existing vial of antidote.

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    Re: Social Security Fix

    Quote Originally Posted by iamitter View Post
    SS isn't a regular tax program. If you're going to pop the cap on wages, you have to do the same with benefits, or else it turns into welfare and not a retirement program.
    Oh no, I'd increase benefits with all the new revenue. It's an insurance program. I'd be very careful of disability claims but you would have good insurance if life throws you a curve ball and you are unable to work.

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    Re: Social Security Fix

    Quote Originally Posted by sazerac View Post
    Oh no, I'd increase benefits with all the new revenue. It's an insurance program. I'd be very careful of disability claims but you would have good insurance if life throws you a curve ball and you are unable to work.
    Insurance where some people pay more than others?
    If you're going receive revenues on the order of 100k/year for people who earn >1 million, you can't only let them receive the same amount as someone who dishes in 5k/year.
    Give a man a fish, or he will destroy the only existing vial of antidote.

  9. #229
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    Re: Social Security Fix

    Quote Originally Posted by iamitter View Post
    SS isn't a regular tax program. If you're going to pop the cap on wages, you have to do the same with benefits, or else it turns into welfare and not a retirement program.
    actually it is a tax program. thus sayeth the Supreme Court of the United States of America (and the FDR Administration when they put it into place)

  10. #230
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    Re: Social Security Fix

    Quote Originally Posted by Dittohead not! View Post
    If every working person put 16% (8 from the paycheck, 8 from the employer, as per Social Security) into an IRA, there is no question that he/she would be far and away better off after 40 or 50 years than by putting the same amount into SS. That was the heart of your suggestion, I believe.

    The problem is, we already have a majority of Americans who have been paying into SS, there is an increasing number reaching retirement age, and they will start drawing SS. So, if the people who still have 30 or 40 years of employment ahead of them quit funding SS, where is the money going to come from for the current retirees?
    my proposal was that they put 10% away, their remaining 5% and change goes to pay for current benefits for those who stay in the system, and we pop the cap to make up the difference. as people flee the system but leave a portion of their income (for the rest of their working life) behind, Social Securities liabilities will drop much, much faster than it's income, which has the popped cap applying upward pressure. but we may have to push back retirement (as we will have to do anyway) to 68 or so to make it possible to survive the period you describe.
    Last edited by cpwill; 04-08-11 at 08:01 AM.

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