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Started By
Message
Why should my Social Security be cut.
Posted on 1/7/23 at 8:47 am
Posted on 1/7/23 at 8:47 am
I paid into it expecting my current meager return
32
Posted on 1/7/23 at 8:54 am to NorthTiger
Because that money needs to go to better causes like trans-equity around the globe, Ukraine, EV credits, congressional staff pay raises, etc etc etc.
Posted on 1/7/23 at 8:54 am to NorthTiger
We got illegals to feed, millennials and Gen z who need their loans paid off, proxy wars to fight, and reparations to pay.
They sorry that the mandatory forced tax on the working man isn’t going to pay out as promised. But sacrifices have to me made.
They sorry that the mandatory forced tax on the working man isn’t going to pay out as promised. But sacrifices have to me made.
Posted on 1/7/23 at 9:00 am to NorthTiger
Who is proposing to cut it? I haven't followed.
Posted on 1/7/23 at 9:00 am to NorthTiger
quote:
I paid into it expecting my current meager return
I just retired and checked my social security total contributions including my employers ....If I could have taken the social security taxes paid by myself, my wife and our employers and place it in a total market mutual fund 45 years ago I would be way beyond independently wealthy.
Posted on 1/7/23 at 9:01 am to CleverUserName
quote:
We got illegals to feed, millennials and Gen z who need their loans paid off, proxy wars to fight, and reparations to pay.
Posted on 1/7/23 at 9:02 am to NorthTiger
LOL, you thinking you had a right to it or that it was ever yours. When this shite was passed originally the life expectancy to collect was a small percentage. Negate the fact the money and forward thoughts of this were ill decided, if you quit working you couldn’t live on this alone. If you work then you get reductions or even nothing. This scheme is a farce and always was
Posted on 1/7/23 at 9:03 am to Bass Tiger
Middle class W-2 workers footing the bill on this one. Much like everything else except maybe the lottery.
Posted on 1/7/23 at 9:04 am to NorthTiger
Are democrats lying about republicans cutting social security again?
Posted on 1/7/23 at 9:05 am to NorthTiger
quote:
Why should my Social Security be cut.
Why do you hate Ukraine and the poor?
Posted on 1/7/23 at 9:06 am to NorthTiger
I just got a notice that's my son's benefit is actually going up.
Posted on 1/7/23 at 9:12 am to NorthTiger
People under 40 should be able to opt out and invest in something “safer”.
The way you enforce it is mandate back taxes on people that don’t invest basically making them on the hook for what they would have paid to SS if they don’t invest in something appropriate/approved. Like you can’t take the money and go buy a ton of shite coins or penny stocks.
The way you enforce it is mandate back taxes on people that don’t invest basically making them on the hook for what they would have paid to SS if they don’t invest in something appropriate/approved. Like you can’t take the money and go buy a ton of shite coins or penny stocks.
Posted on 1/7/23 at 9:20 am to NorthTiger
quote:Do you want a balanced budget?
Why should my Social Security be cut.
quote:SS is a Ponzi scheme, with a declining number of contributors. Not an investment. Always was.
I paid into it expecting my current meager return
Posted on 1/7/23 at 9:27 am to Taxing Authority
quote:
SS is a Ponzi scheme, with a declining number of contributors. Not an investment. Always was.
I'd argue it's not a ponzi scheme but slightly worse. At least with a ponzi scheme you need to get duped into it.
With SS everyone that is a W-2 employee and their employers are on the hook.
And if you've been paying attention the cap is raising rapidly.
The cap in 2022 was $147,000 and in 2023 it jumped to $160,200. That's a big year over year increase.
Posted on 1/7/23 at 9:28 am to NorthTiger
quote:Biden claimed that he gave me an 8.7% increase. He did, as a result of his inflation and higher cost of living. Net zero since it's is eaten up with inflation but he claimed it and I guess he's right, in not a good way.
Why should my Social Security be cut.
Posted on 1/7/23 at 9:29 am to NorthTiger
You paid for the welfare of recipients at the time
Posted on 1/7/23 at 9:30 am to olemissfan26
quote:
People under 40 should be able to opt out and invest in something “safer”.
But then the current recipients wouldn't have the necessary revenue flow
Posted on 1/7/23 at 9:31 am to NorthTiger
I’d take half of what I put in right now, in a lump sum, under the conditions that I never have to contribute again, and I have no claim on SS benefits ever again.
That’s an -awesome- deal for the government, but they would never agree to it because it provides a way for citizens to opt out and takes control of the money away from the government.
This post was edited on 1/7/23 at 9:34 am
Posted on 1/7/23 at 9:32 am to Bass Tiger
quote:
I just retired and checked my social security total contributions including my employers ....If I could have taken the social security taxes paid by myself, my wife and our employers and place it in a total market mutual fund 45 years ago I would be way beyond independently wealthy.
But then you wouldn’t be dependent on the federal government check every month and we can’t have that.
Posted on 1/7/23 at 9:33 am to Powerman
quote:
I'd argue it's not a ponzi scheme but slightly worse. At least with a ponzi scheme you need to get duped into it. With SS everyone that is a W-2 employee and their employers are on the hook. And if you've been paying attention the cap is raising rapidly. The cap in 2022 was $147,000 and in 2023 it jumped to $160,200. That's a big year over year increase.
I expect the cap to be completely lifted at some point, I also think the government will propose means testing to see who qualifies for SS benefits. If you worked 45 years and have a net worth of $3 million because you lived within your means and invested prudently you'll get a reduced SS benefit vs the person who had the same earnings as you but fricked around and didn't build a retirement nest egg.
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