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Would you keep the ACA in exchange for abolishing SS
Posted on 10/18/14 at 10:35 am
Posted on 10/18/14 at 10:35 am
If we were to abolish social security and leave it to the individual to manage retirement accounts, and use the money to guarantee health insurance for all regardless of pre existing conditions. Assume ACA is reformed to where there is no penalty for not having insurance. The extra money from SS is used to cover costs of heavy subsidies so the poor can have healthcare, especially those with conditions that are costly to treat.
7
Posted on 10/18/14 at 10:37 am to deltaland
Why not just let abolish SS and set up a program where poor people can buy into health insurance while leaving the rest of America the hell out of it?
Posted on 10/18/14 at 10:38 am to deltaland
So all SS?
If we get rid of SS, do we also get rid of the SS taxes as well?
If so, where is the money coming from to pay for the (not so)ACA?
If we get rid of SS, do we also get rid of the SS taxes as well?
If so, where is the money coming from to pay for the (not so)ACA?
Posted on 10/18/14 at 10:41 am to deltaland
SS cannot just be abolished. It must be phased out. Let's say you just abolished it tomorrow. That means a 64 year old man who has paid 100K into SS taxes to support other people gets exactly ZERO.
Posted on 10/18/14 at 10:51 am to Zach
Neither will ever be done away with...ever. If we had leaders in Congress who were responsible, we could modify and improve both programs.
Posted on 10/18/14 at 10:54 am to deltaland
Hell no. I'd support the reverse though.
Posted on 10/18/14 at 10:55 am to deltaland
Anyone under 40 who thinks they will get a dime of SS money in retirement is a fool.
Posted on 10/18/14 at 10:56 am to weagle99
quote:Why is that?
Anyone under 40 who thinks they will get a dime of SS money in retirement is a fool.
Posted on 10/18/14 at 10:59 am to mmcgrath
quote:
Why is that?
Posted on 10/18/14 at 11:25 am to Wally Sparks
I have been contemplating the opportunity of opting out of SS for quite a while now. I just started my 3 yr window to opt out.
Posted on 10/18/14 at 12:40 pm to deltaland
Yes
Posted on 10/18/14 at 12:51 pm to deltaland
SS isn't really the problem. medicare? now that's a fricking problem
Posted on 10/18/14 at 12:52 pm to Zach
quote:
That means a 64 year old man who has paid 100K into SS taxes to support other people gets exactly ZERO.
the alternative is that a 31 year old like SFP will pay 100k over the next 34 years and get 0 in the end
Posted on 10/18/14 at 12:54 pm to SlowFlowPro
quote:
the alternative is that a 31 year old like SFP will pay 100k over the next 34 years and get 0 in the end
Yeah, but the deal in the OP is trading one problem for another. You have to grossly overpay for health insurance for the next 30 years. And with abolishing SS you also lose everything you paid into that.
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