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re: Payroll Tax Should Be Eliminated Permanetly

Posted on 8/9/20 at 8:48 am to
Posted by DavidTheGnome
Monroe
Member since Apr 2015
29522 posts
Posted on 8/9/20 at 8:48 am to
For those wanting to do away with SS the way it would have to work is you’ll just have to view the money already paid into as a sunk cost and won’t be getting it back. There's not a SS bank account for you that you can withdraw your funds, it’s setup so that everybody's contribution to the pot goes out to all the recipients.

And to be honest if we did away with it we’d have to pick an age that’s young enough to save for retirement (say 40) and we’ll call that the Fricked Generation. They’ll have to keep paying SS to support all the old fricks who depend on it but would have to be of the understanding they’ll never receive a dime.
Posted by RoyalWe
Prairieville, LA
Member since Mar 2018
3210 posts
Posted on 8/9/20 at 9:26 am to
quote:

And to be honest if we did away with it we’d have to pick an age that’s young enough to save for retirement (say 40) and we’ll call that the Fricked Generation. They’ll have to keep paying SS to support all the old fricks who depend on it but would have to be of the understanding they’ll never receive a dime.
I'm good with that. Shut it down. I hereby donate all of my Social Security and Medicare tax I've paid into the system and will accept no benefits from the program. Likewise, let me out of the friggin program and I'll just keep that for myself. K? Thanks.
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