View Poll Results: Should we Eliminate Social Security

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  • Yes, no replacement

    18 30.00%
  • Yes, but with a replacement

    11 18.33%
  • No, we should wait until it goes bankrupt

    1 1.67%
  • No, its not going to go bankrupt

    26 43.33%
  • Other

    4 6.67%
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Thread: Should we Eliminate Social Security?

  1. #11
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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by repeter View Post
    If you want to look at the greater good, you have to be objective. I'd be willing to hurt people now to help more people later, and thats really what it comes down to.

    And, correct me if I'm wrong, a lot of social programs are about creating a better world for everyone, right? Well, it just so happens that Social Security is inefficient compared to other uses of the same resources, and thus should be reformed.
    I would say social security is poorly run and always has been, It's a brilliant idea that should be fixed. I'm not sure means testing is such a bad idea.

  2. #12
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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by Badmutha View Post
    The Ponzi scheme known as Social Security.......like all things the Democrat Party supports......is entirely unconstitutional and should never have been.

    Eliminate it while we still can............
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    and what of the people who have spent their careers paying into it, anticipating those SS monies to be available to them upon their retirement ... what would you have them do?
    we are negotiating about dividing a pizza and in the meantime israel is eating it
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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by bicycleman View Post
    It is pathetic that Americans have come to rely on Social Security for their entire income, but that was something that was started by Roosevelt. What did people do before Social Security?
    Yes, indeed! In this Capitalist America, it is not only pathetic, but shameful that American workers do not have full wage retirements, so there is no change in their lifestyles as they make the transition to retirement. The lack thereof must be caused by corruption and the idiocy of the American people who think useless wars are more important than their families lifestyle. Stupidity reins supreme in our country, so no need to cry about the bed we sleep in.

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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by justabubba View Post
    and what of the people who have spent their careers paying into it, anticipating those SS monies to be available to them upon their retirement ... what would you have them do?
    He would find himself having his taxes raised higher to pay off all the cash the government would dole out to recipients. Never think like a progressive.

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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by justabubba View Post
    and what of the people who have spent their careers paying into it, anticipating those SS monies to be available to them upon their retirement ... what would you have them do?
    Learn a valuable lesson about Ponzi schemes..........and every subprime Democrat Social Program to Nowhere......
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  6. #16
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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by Badmutha View Post
    The Ponzi scheme known as Social Security.......like all things the Democrat Party supports......is entirely unconstitutional and should never have been.

    Eliminate it while we still can............
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    you should check the history of SS, the GOP played a very large part in it...
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  7. #17
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    Re: Should we Eliminate Social Security?

    All that money that's put into the system should be put back into the hands of the people to invest on their own in safe, low-risk stocks and securities. Certainly, the transition is going to be difficult, that's why we need a cut off age, say 40, where those who are younger than that age no longer have to pay social security taxes and those who are older can continue under the old system. If you don't invest in your own future, I couldn't care less if you starve on the street. Actions, or lack thereof, have consequences.

    One thing that has to happen is that every penny that goes into social security cannot be touched for any other purpose and all the money the government has stolen from social security over the years must be returned. It's been a giant slush fund for decades, bringing it to it's current level of failure.
    There is nothing demonstrably true that religion can provide the world that cannot be achieved more rationally through entirely secular means.

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    Re: Should we Eliminate Social Security?

    Phase it out....employers pay the worker what the company was paying, 7.5%, and make the worker put his 7.5% in to savings as well. That 15% could be deducted from current years taxable income, and not taxed at retirement. Money put in over the 15% is permissible but not deductible, and still not taxed at retirement. If withdrawals are to be taxed, the tax rate should never exceed the capital gains tax of the rich, or 10%, whichever is less.
    15% of income per year for 40 years of work, with even moderate gain, is enough to live on for quite some time, assuming that the worker was smart enough to get completely out of debt before retiring.
    My wife's parents managed well with very low retirement incomes, because they had no debt. Their biggest expense was medications, they passed away before part D was implemented.
    Oracle of Utah
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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by Morality Games View Post
    The composition of the federal government is not static over decades. Moral culpability is more complicated than that.

    Social Security was a good policy when Roosevelt introduced it, it was ruined by economic mismanagement at all levels of society, resulting from a general lack of vigilance.
    Exactly! Thank you.
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  10. #20
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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by Cephus View Post
    All that money that's put into the system should be put back into the hands of the people to invest on their own in safe, low-risk stocks and securities. Certainly, the transition is going to be difficult, that's why we need a cut off age, say 40, where those who are younger than that age no longer have to pay social security taxes and those who are older can continue under the old system. If you don't invest in your own future, I couldn't care less if you starve on the street. Actions, or lack thereof, have consequences.

    One thing that has to happen is that every penny that goes into social security cannot be touched for any other purpose and all the money the government has stolen from social security over the years must be returned. It's been a giant slush fund for decades, bringing it to it's current level of failure.
    as long as the funds are "managed" by govt, there is potential for abuse. private accounts are the only way to go in that respect.
    Investment "professionals" get to serve serious time for self enrichment at the expense of others. They can earn their pay thru the sweat of their OWN brow....
    Oracle of Utah
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