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re: Now Social Security could be depleted this decade

Posted on 4/23/20 at 10:17 am to
Posted by aTmTexas Dillo
East Texas Lake
Member since Sep 2018
15557 posts
Posted on 4/23/20 at 10:17 am to
quote:

Good. Let it fail.


They won't. They will raise the exempt number upwards and will raise the eligibility age. By then they will tax up to 250K and raise the age to 75 before you can get benefits.
Posted by Taxing Authority
Houston
Member since Feb 2010
57517 posts
Posted on 4/23/20 at 10:25 am to
quote:

They won't. They will raise the exempt number upwards and will raise the eligibility age.
Nah. They'll means test it first. Democrats have been dreaming of that for decades. More money to buy votes. They can tell the moochers "Look, we're taking from those greedy 'rich' people to help you".

And... it's a backdoor way to tax 401Ks. Raising taxes specifically on 401Ks is not politically pallatable. So instead they'll just cut your SS benefits if you have a fat 401K.
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