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Valued Social Butterfly
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Re: EASY FIX FOR SOCIAL SECURITY

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Message 21 of 30

@rk9152 wrote:

@Olderscout66 wrote:

Why should the burden of supporting our society fall on those least able to bear that burden? Take an additional 2.7% out of poverty level wages, and that's the answer when all we need to do is have those near the top pay the same percent as those at the bottom?

 

Does that apply to taxes too?


Of course not - no society has survived by taxing the bottom 90% to support the top 10% and yet Republicans keep trying to do just that.

 

The fact is if you consider ALL taxes, the poor (bottom 40%) pay a greater share of their income in taxes than those at the very top (1%) because income is NOT the only thing we tax.

 

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Valued Social Butterfly
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Re: EASY FIX FOR SOCIAL SECURITY

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Message 22 of 30

 

 

SS manages a number of "stand-alone" programs. Each has its own dedicated funding source.

 

One of those programs has an underfunded problem? Which program?

 

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Valued Social Butterfly
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Re: EASY FIX FOR SOCIAL SECURITY

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Message 23 of 30

Why should the burden of supporting our society fall on those least able to bear that burden? Take an additional 2.7% out of poverty level wages, and that's the answer when all we need to do is have those near the top pay the same percent as those at the bottom?

 

 

I don't disagree.

 

 

Payroll tax of some sort on machine labor?

 

 

Raise the cap

 

 

Little of this, a little of that,  just get it back into trust fund growth mode.

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Valued Social Butterfly
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Re: EASY FIX FOR SOCIAL SECURITY

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Message 24 of 30

@Olderscout66 wrote:

Why should the burden of supporting our society fall on those least able to bear that burden? Take an additional 2.7% out of poverty level wages, and that's the answer when all we need to do is have those near the top pay the same percent as those at the bottom?

 

Does that apply to taxes too?

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Valued Social Butterfly
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Re: EASY FIX FOR SOCIAL SECURITY

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Message 25 of 30

@mandm84 

 

I was under the impression that many here wanted MORE than just a financial "fix" to the current system. 

 

I was under the impression that many here wanted a system that is

  • more progressive in nature
  • more generous in benefits to those of the lower financial strata
  • more financially absorbing from those who are more well-off in this society

So should it be a mixture of reforms to make the current system into what you want as the article you posted mentioned.  AND should we try to start NOW or ASAP?

 

Does nobody like Congressman Larson's Social Security 2100 ?  Thought it had it ALL.

 

I am not sure that these current idiots in Congress can handle getting anything done - they have so much else on their minds than the plight of Social Security and/or Medicare right now.

 

Since you like Yahoo -

https://finance.yahoo.com/news/apos-chicken-barr-apos-congressman-144023510.html

 

 

 

 

* * * * It's Always Something . . . Roseanne Roseannadanna
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Valued Social Butterfly
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Re: EASY FIX FOR SOCIAL SECURITY

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Message 26 of 30

Why should the burden of supporting our society fall on those least able to bear that burden? Take an additional 2.7% out of poverty level wages, and that's the answer when all we need to do is have those near the top pay the same percent as those at the bottom?

 

Raise the "cap" to $260,000 and increase it so it always covers 90% of total income, and problem solved forever because of the tax on retirement earnings above $85,000, one of the few really sensible things REAGAN did back in 1983.

 

If back in 1983 we had simply indexed the "cap" to cover 90% percent of total income instead of just having it rise with wage inflation, we would've avoided the problem entirely.

 

What is putting the system out of whack now is the concentration of income at the top caused by Reagan's taxscam increasing the number of Seniors drawing the max benefits faster than the contributions from those at the bottom could accommodate.

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Valued Social Butterfly
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Re: EASY FIX FOR SOCIAL SECURITY

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Message 27 of 30

 No politician wants to raise taxes on anything

 

 

If that were actually that case Social Security, Medicare, and Medicaid wouldn't exist at all.

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Trusted Social Butterfly
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Re: EASY FIX FOR SOCIAL SECURITY

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Message 28 of 30

What's up with that?

 

You know perfectly well. No politician wants to raise taxes on anything, but everyone else wants the benefits even though they won't vote for the politician that raises their taxes.

 

So, nothing gets fixed.


"...Why is everyone a victim? Take personal responsibility for your life..."
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Valued Social Butterfly
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Re: EASY FIX FOR SOCIAL SECURITY

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Message 29 of 30

EASY FIX FOR SOCIAL SECURITY

 

 

Surprise !

 

 

All we need to do is raise the payroll tax.

 

 

2.7 %

 

 

We haven't raised the payroll tax in 35 years.

 

 

If we had addressed this issue every five years then the increase we need now might be half as much.

 

 

What's up with that?

 

 

Do you think Republicans have been Starving the Beast or something?

 

 

Blame the Boomers?   

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EASY FIX FOR SOCIAL SECURITY

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Message 30 of 30

https://www.yahoo.com/finance/news/apos-much-apos-d-raise-103300123.html

 

When was the last time FICA tax rate increased ? It actually went down to 4.2% under Obama's Holiday Tax Relief , which I didn't agree with.

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