re: The Coming Social Security Crisis

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Yes, a defined benefit program. Stick with that.

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Nevermind the intended demographic. Okay.

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You were misleading. You made the statement using life expectancy at birth which supports you stance. Including adult life expectancy does not support your stance as well, so you ignored it and used numbers that helped you instead of ones that didn't help you as much.

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Are you seriously arguing that life expectancy in 2024 isn't much different than it was in 1935 - for any slice of demographic you want to take?

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Here, ladies and gentlemen, is a perfect example of the mindset of the socialist. We have polar opposite ideas of what the function of our government was intended to be (and was for most of our history) and what it has turned into. Social security was created as a defined benefit program and sold that way. Why not just take all of it and not pay any benefits then? You are not suggesting that are you? Of course not. You think they should be able to steal some of it. Maybe most of it even. I say they should not be able to steal ANY of it.

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This is like the guy that argued more people receiving government checks = smaller government, and fewer people receiving government checks = bigger government.

I'm the one that wants government in all its forms the frick out of my life, and that makes me a socialist. And you're on here arguing for more dependency on the government, and you're, what, the rugged individualism form of capitalism?

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Social security was created as a defined benefit program and sold that way.

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Yeah, defined benefit program for those at/near the age of life expectancy and older, where the federal government is the provider, and lets throw in a little wealth redistribution while we're at it. Sounds like socialism to me, Mr. Capitalism.

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You think they should be able to steal some of it. Maybe most of it even. I say they should not be able to steal ANY of it.

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You're misunderstanding my argument. I'm for abolishing social security. I recognize that ain't happening in one step, and the worst thing for an effort to right size/them eliminate the whole program is to have more and more people dependent on the government. We need fewer and fewer, which is consistent with raising the age of benefits.

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If your net worth is >$15million, you should not get a penny of social security….. but you are required to pay into the fund.

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Not calling out the OP, but many others that say “but it’s my money, i paid in” turn around and say “it shouldn’t go to ‘rich’ people”.

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Something tells me people tend to over estimate how much they pay in to social security

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Agreed
As of last year, I paid in $116,675 and my employers paid $130,154.
I'm mid 40s.

The maximum income (not tax... income) available for social security tax in 1990 was $51,300.
The max income in 2000 was $76,200.
The max income in 2010 $106,800.
The max income in 2020 $137,700.

I've pretty much been around that max from 2000 to 2020 (my taxable income hasn't continued at the inflated pace the past 3 years. And my bussing tables/waiter wasn't at that pace in the 90s).

Edit to add: if I stop working now and retire at full retirement age, I get what I and my employer paid in with almost 6 years of benefits.
Keep in mind that my wife is eligible for an additional 50% of what I get and there is no "pay in requirement" for the spousal benefit.

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Trusting Congress was the first mistake. Nothing says congress cannot change the rules.

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If SS was a private pension fund, the managers would be in jail.

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How about this.... Shut it down, give me MY MONEY back and I'll invest it as I see fit. Working for 45 years is beyond fricking enough.

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That would never be a choice. That's like demanding back your share of what's been sent to Ukraine or spent importing illegals.

Is that a deal-breaker? Unless you get your money back, full steam ahead and let's pile as many people onto the dependency train as possible? Or would you look at what you've paid in as a sunk cost, and accept that pain in return for slowing the bleed to a stop?

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pfizer not only fixed COVID, but social security too!!

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Pfizer did nothing for Covid, nothing.. May have really helped Social Security, though

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Now wait a minute. An employer sends the employee portion plus the employer portion and the government can't reconcile a name with a fake number? Are you saying they can't or choose not to?

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It is a legitimate name and ss#.
It is not the legitimate person doing the work.

That is how illegals used to work for legitimate businesses in the past.

I'm not sure if EVerify put the brakes on that. If multiple people in different cities are using that ss#, I'm guessing that it would.

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The Coming Social Security Crisis

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How about we suspend ALL foreign aid until Social Security is solvent.

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SS tax for every cent. Screw the millionaires and billionaires
And raise the top IRS rate to 80% over a million and wealth tax then 100% over a billion in assets.

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You are a stone cold idiot.