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re: Social Security has 6 years left, cut benefits or raise taxes?

Posted on 3/20/26 at 11:54 am to
Posted by fareplay
Member since Nov 2012
6586 posts
Posted on 3/20/26 at 11:54 am to
Read above. If they don’t have enough for installments, what makes you think there is enough for a lump sum?
Posted by rob0710
LA
Member since Oct 2004
1273 posts
Posted on 3/20/26 at 11:54 am to
We're all going to receive 100% of what we were promised. They will not raise our tax percentages. What will happen is they will continue to create money out of thin air and we'll be lucky if our checks buy a stick of bubblegum.
Posted by Scruffy
Kansas City
Member since Jul 2011
77256 posts
Posted on 3/20/26 at 11:55 am to
quote:

So your solution is to take all their money from 30-40 years and say frick it, too bad for you?
Considering that the money doesn’t exist anymore, yes.

It sucks, but those who have been paying in and aren’t retirement age yet have been living without it.

The sacrifice has been made.

Man up.
Posted by Cosmo
glassman's guest house
Member since Oct 2003
131557 posts
Posted on 3/20/26 at 11:57 am to
quote:

They better have my money


Bless your heart if your retirement plan includes social security

Im not factoring that into mine at all
Posted by faraway
Member since Nov 2022
3807 posts
Posted on 3/20/26 at 11:57 am to
quote:

should have privatized it back when GWB wanted to.
well, if you're gonna bring up that pos, we should have prioritized paying ss benefits instead of giving all that war money to grifting fat cats and their politicians on leashes.
Posted by TigerintheNO
New Orleans
Member since Jan 2004
44896 posts
Posted on 3/20/26 at 11:57 am to
quote:

Start gradually raising the age to collect benefits up to 67 years old should be Step #1.



the report's scenario has it up to 69 years of age
Posted by fareplay
Member since Nov 2012
6586 posts
Posted on 3/20/26 at 11:57 am to
Did you guys not save into the greatest stock market run the history has ever seen? Social security benefits should be nothing compared to gains anyways right?
Posted by danilo
Member since Nov 2008
25699 posts
Posted on 3/20/26 at 11:57 am to
quote:

Read above. If they don’t have enough for installments, what makes you think there is enough for a lump sum?

Which is exactly why it wouldn’t work
Posted by Zzyzx
Member since Nov 2018
2662 posts
Posted on 3/20/26 at 11:58 am to
then cut it and just frick all the old people I don’t care.

They are going to have to refund people in some capacity to avoid people over 65 riots.

The program needs to end. It’s stupid. Let people manage their own money and futures, if they frick it up its on them
Posted by PSS101
Member since Jun 2024
1633 posts
Posted on 3/20/26 at 11:58 am to
If I had all the money I paid in over the years plus interest, I could retire now.
Posted by fareplay
Member since Nov 2012
6586 posts
Posted on 3/20/26 at 11:58 am to
Exactly, people should eat the loss and remove the program
Posted by back9Tiger
Island Coconut Salesman
Member since Nov 2005
17958 posts
Posted on 3/20/26 at 11:58 am to
Man up. What a buffoon.

What sacrifice, we have no choice.



Posted by FredBear
Georgia
Member since Aug 2017
17418 posts
Posted on 3/20/26 at 11:58 am to
quote:

Kill it entirely.

If the older generations didn’t plan well enough to survive without that Ponzi scheme, too bad.



Give me my money I've paid in for over 40 years plus interest first
Posted by fareplay
Member since Nov 2012
6586 posts
Posted on 3/20/26 at 11:59 am to
Agree and there’s also this point: all the useless bullshite spend that you guys voted for over 50 years was all paid somehow.. it just happened to dip into other shite you cared about.
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
74838 posts
Posted on 3/20/26 at 11:59 am to
quote:

Kill it entirely.

If the older generations didn’t plan well enough to survive without that Ponzi scheme, too bad.
You must not like geriatrics, that’s predominantly who killing it will affect.

And killing it will kill a bunch of them.

Aside: I don’t much like us myself, especially if I happen to picture most any of us nekkit.

I’m not yet taking it, I was looking forward to receiving it to pay my property operating expenses and overhead.

I’ve paid a bunch in to SS on top of my other regular taxes. Kinda would suck to not get any return on it. It would up my effective tax rate.

I can’t imagine trying to actually live on a Social Security payment.
Posted by BK Lounge
Member since Nov 2021
5333 posts
Posted on 3/20/26 at 12:00 pm to
Id be ok with the lump sum.. will never happen though .

I calculated a while back that ive paid roughly $300k or $400k into SS so far in my lifetime, my first paycheck with SS taken out was in the late 1900s, specifically the year 1993 when i was 14 .. my $400 k contribution is probably middle of the pack, im sure there are some posters reading this who have contributed much more .
Posted by back9Tiger
Island Coconut Salesman
Member since Nov 2005
17958 posts
Posted on 3/20/26 at 12:00 pm to
quote:

Did you guys not save into the greatest stock market run the history has ever seen? Social security benefits should be nothing compared to gains anyways right?


Of course, but when you can be adding a couple thousand a month that is now gone, it's nothing more than theft.

I agree it is a ponzi scheme, but I am within 10 years of retirement and they better find an off-ramp to move away from SS for the future.

But it is politicians so I am positive we'll get fricked.
Posted by Scruffy
Kansas City
Member since Jul 2011
77256 posts
Posted on 3/20/26 at 12:01 pm to
quote:

What sacrifice, we have no choice.
Yes, you had no choice.

Now would be the time to make the choice.

Either demand the younger generations support your greed or make the sacrifice for the future of the country and your children.

These threads are telling.

I would drop 50 years of paid SS taxes for the sake of my daughter’s future.
Posted by LNCHBOX
70448
Member since Jun 2009
89128 posts
Posted on 3/20/26 at 12:01 pm to
quote:

Did you guys not save into the greatest stock market run the history has ever seen? Social security benefits should be nothing compared to gains anyways right?


This has frick all to do with them taking money out of your check for decades just for you to suggest you get absolutely nothing for all of those "contributions"

Yes, the market has provided much better returns than SS. Yes, you shouldn't be planning on SS to fund any sort of meaningful retirement on its own.

But that doesn't mean anyone should be ok with all those "contributions" just disappearing. End SS as a program, sure. But you better pay out every cent in the SS fund back to those that "contributed" to it.
Posted by danilo
Member since Nov 2008
25699 posts
Posted on 3/20/26 at 12:01 pm to
quote:

Or what about cutting fraud, waste, and abuse?

Isn’t that was Elon was supposed to do? Whatever happened there?
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