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re: Sanders, set to run social security policy, says he plans to increase benefits by $2400

Posted on 11/8/26 at 6:28 pm to
Posted by Taxing Authority
Houston
Member since Feb 2010
64588 posts
Posted on 11/8/26 at 6:28 pm to
quote:

The money I collect the Wednesday after this one will be my money.
Enjoy your welfare.
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
75183 posts
Posted on 11/8/26 at 6:29 pm to
Note also that eliminating the social security tax cap while keeping benefits capped only fixes about 55-60% of social security’s long term shortfall, and within 4 years of such a tax change passing, SS would be back into running deficits.

It also would raise marginal tax rates *beyond* their revenue maximizing rate in states such as California and Illinois.

It’s absurd
This post was edited on 11/8/26 at 6:30 pm
Posted by aTmTexas Dillo
East Texas Lake
Member since Sep 2018
25716 posts
Posted on 11/8/26 at 6:29 pm to
quote:

got any more fan fiction?


I could live with it.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
144020 posts
Posted on 11/8/26 at 6:32 pm to
quote:

Get your arse up tomorrow and go to work for my fricking money.


A true 2026 democratic Muslim socialist
Posted by Bass Tiger
Member since Oct 2014
57628 posts
Posted on 11/8/26 at 6:34 pm to
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I was telling/warning people years ago the federal government, probably under DSA control was going to lift the cap on payroll taxes for Social Security and Medicare along with means testing each household's net worth to determine how much SS and medicare benefits you'll receive.

Is this inevitable? To be honest 10-15 years ago I would have said slim chance but today It's not too far fetched to see it happen.
Posted by yakster
Member since Mar 2021
4583 posts
Posted on 11/8/26 at 6:36 pm to
He’s one of them. Is he gonna pay his fair share? No, because he will have a government loophole that excludes him.
Posted by Taxing Authority
Houston
Member since Feb 2010
64588 posts
Posted on 11/8/26 at 6:38 pm to
quote:

It’s absurd
Of course it is.
Posted by The Torch
DFW The Dub
Member since Aug 2014
31413 posts
Posted on 11/8/26 at 6:45 pm to
Bernie bitched about millionaires for years until someone explained that he was one, the next day he changed to bitching about billionaires.

Fraud
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
73550 posts
Posted on 11/8/26 at 6:47 pm to
quote:

upper middle class


Is included in Bennies definition of rich.

Which is rich, coming from a guy who got kicked out of a hippie commune for being too lazy
Posted by aTmTexas Dillo
East Texas Lake
Member since Sep 2018
25716 posts
Posted on 11/8/26 at 6:56 pm to
You should look at the plan via AI. I'm old enough to be getting Required Minimum Distributions in 2028. While I thought this would progressively tax these as they got larger, this Sanders plan does not tax RMD. It is for you currently working people. RMD are taxed via the federal income e tax but not Bernie's proposal.

Any outside of RMDs may be taxed. I really don't know.
Posted by dblwall
Member since Jul 2017
2227 posts
Posted on 11/8/26 at 7:01 pm to
Now I can stay at the high end casinos when we go to Vegas.
Posted by AubieinNC2009
Mountain NC
Member since Dec 2018
7387 posts
Posted on 11/8/26 at 7:25 pm to
Bernie is considered top 1% is he going to pay more? Why hasnt he already done that.
Posted by RockyMtnTigerWDE
War Damn Eagle Dad!
Member since Oct 2010
109515 posts
Posted on 11/8/26 at 8:44 pm to
Why not an extra 2400.00 per month? 150.00 minimum wage and so forth.
Posted by Megasaurus
Member since Dec 2017
1701 posts
Posted on 11/8/26 at 8:48 pm to
quote:

DEMANDING the rich pay their fair share



at some point, we know this is coming...now we'll just have to see how they define "rich"..
Posted by RohanGonzales
Pronoun: Whatever
Member since Apr 2024
15105 posts
Posted on 11/8/26 at 8:51 pm to
quote:

Enjoy your welfare.


You have got that right.

I have always been cheap, loosening up my spending a lot but my only extravagance is eating out.
Posted by LsuNav
Sacramento
Member since Mar 2008
2537 posts
Posted on 11/8/26 at 10:51 pm to
The cap should have been removed years ago. There is no Medicaid cap.

They do need to restrict people drawing Social Security who aren’t paying into it.
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