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

Voters
91. You may not vote on this poll
  • 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%
Page 9 of 51 FirstFirst ... 789101119 ... LastLast
Results 81 to 90 of 503

Thread: Social Security Fix

  1. #81
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: Social Security Fix

    What about a way to avoid a cap raise for all but the truly wealthy:


    "If Social Security is, as Conservatives tell us, heading for Armageddon, then why hasn’t Washington raised the FICA cap, currently at $106,800? Why, for instance, did Glenn Beck and Warren Buffett and Bill Gates and the Kardashians pay the same as I did in 2010? I maxed out in December; some of those folks hit their ceiling within the first few minutes of January.

    Whether the great safety net actually will fray beyond repair by 2037—or whatever the current End of Days de jour—is open to debate. Many astute reasonable observers like The Washington Post’s Ezra Klein assure us that that Social Security is one of the most efficient federal programs, and that with a tweak or two it should be fine. Hardliners call for privatization, or a reduction in benefits, or a raised retirement age.

    Privatization aside, some of those ideas were incorporated into the Simpson Bowles report. Specifically, the FICA cap would gradually increase to about $190,000 in 2020.

    That goes too far—and not far enough. It still places a disproportionate burden on middle and lower income families. Why not a hybrid—cap it at current rates for those with incomes below, say $350,000, or $500,000 or even $1 million—then resume the contributions for all those above that. It’s something on the order of New York Sen. Charles Schumer‘s proposal for the Bush tax cuts—letting them expire only for true millionaires.

    Either that or set an income cap for collecting Social Security. Without that $20,000 a year, or whatever it is, my 80-something in-laws would be on the street. But Glenn and Warren and Bill won’t need it; nor will Kim, Kourtney and Khloe—unless they blow all their hard-earned, famous-for-being-famous $$$."

    Why Not Raise the FICA Cap
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  2. #82
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Today @ 12:10 PM
    Gender
    Lean
    Conservative
    Posts
    57,076

    Re: Social Security Fix

    Quote Originally Posted by haymarket View Post
    I am very happy to let the poor build wealth. Very happy for that to happen.
    then why not support letting them do so at no additional cost to themselves in a social security reform measure that not only makes the system solvent, but allows people to not be dependent upon government handouts at an old age?

  3. #83
    White trash on dope.
    d0gbreath's Avatar
    Join Date
    Jan 2010
    Location
    Denton, TX
    Last Seen
    @
    Gender
    Lean
    Liberal
    Posts
    8,874

    Re: Social Security Fix

    Quote Originally Posted by cpwill View Post
    how is that?
    In 50 years $7K is going to have the purchasing power of $700 today. That's less than the current SS pay checks.
    Quote Originally Posted by Northern Light View Post
    The systems that ensure freedom and liberty are breaking down and fundamentalism is growing. Nobody is righteous anymore.


  4. #84
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Today @ 12:10 PM
    Gender
    Lean
    Conservative
    Posts
    57,076

    Re: Social Security Fix

    Quote Originally Posted by Mickey Shane View Post
    In 50 years $7K is going to have the purchasing power of $700 today. That's less than the current SS pay checks.
    reread the post: that rate of growth is inflation-adjusted, which means that the monthly payout is in constant dollars. in the real world, Worker Joe would make a much larger monthly income, but you are right the value of each individual dollar would be less. I kept everything adjusted for inflation in order to make the dollar amounts more easily translatable.


  5. #85
    Professor

    Join Date
    Feb 2011
    Location
    MI and AZ
    Last Seen
    03-15-15 @ 01:29 PM
    Gender
    Lean
    Other
    Posts
    1,581

    Re: Social Security Fix

    Quote Originally Posted by cpwill View Post
    reread the post: that rate of growth is inflation-adjusted, which means that the monthly payout is in constant dollars. in the real world, Worker Joe would make a much larger monthly income, but you are right the value of each individual dollar would be less. I kept everything adjusted for inflation in order to make the dollar amounts more easily translatable.

    SS was started as a pay as you go program, but it did collect more money than it needed. We spent that money on other things. So, no money is invested. From an investment POV, I look this way: I’ll work for someone else for a couple of hours this week if someone else will work a couple hours for me in the future.
    Without knowing it, I trust, you have mischaracterized SS. Then you offer options to what it isn’t. There is a name for this, but I forgot what it is.

  6. #86
    Sage
    The Giant Noodle's Avatar
    Join Date
    Mar 2010
    Location
    Northern Illinois
    Last Seen
    11-03-14 @ 05:39 AM
    Gender
    Lean
    Independent
    Posts
    7,333

    Re: Social Security Fix

    Social Security doesnt need any fixing. State Unions need some fixing though.
    CORPORATE GREED AND UNION GREED
    DEMOCRATS AND REPUBLICANS
    DESTROYING THE BEST OF AMERICA ONE DAY AT A TIME

    This is the worst kind of discrimination. The kind against ME! ~ Bender

  7. #87
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    12-05-17 @ 03:45 PM
    Gender
    Lean
    Other
    Posts
    20,072

    Re: Social Security Fix

    I don't like it. Just completely eliminate the system and have people take care of their own retirement. It's the best way to keep government's hands off our money.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  8. #88
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    12-05-17 @ 03:45 PM
    Gender
    Lean
    Other
    Posts
    20,072

    Re: Social Security Fix

    Quote Originally Posted by The Giant Noodle View Post
    Social Security doesnt need any fixing. State Unions need some fixing though.
    It's going bankrupt in the not-too-distant future. It needs fixing.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  9. #89
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: Social Security Fix

    Quote Originally Posted by phattonez View Post
    It's going bankrupt in the not-too-distant future. It needs fixing.
    Just raise the FICA cap for those making over a half million dollars and stop stealing from the fund. Problem solved!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  10. #90
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    12-05-17 @ 03:45 PM
    Gender
    Lean
    Other
    Posts
    20,072

    Re: Social Security Fix

    Quote Originally Posted by Catawba View Post
    Just raise the FICA cap for those making over a half million dollars and stop stealing from the fund. Problem solved!
    Problem not solved. There is no way that the government would stop stealing from the fund. What's so bad about people taking care of their own retirement?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

Page 9 of 51 FirstFirst ... 789101119 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •