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Posted on 4/23/19 at 9:39 am to mmcgrath
quote:
Now we can push the younger labor force numbers once Trump is gone
You think Trump is causing high unemployment?
quote:
and we open up immigration.
Are you wanting more illegals that ask to be paid in cash or terrorists that kill hard working Americans?
Posted on 4/23/19 at 9:39 am to Revelator
16 years. Got damn how many people temporarily though that was 35 years away?
Posted on 4/23/19 at 9:44 am to Revelator
Anyone currently under the age of 48 to 50 that thinks they will be getting SSI is an idiot.
Posted on 4/23/19 at 9:44 am to OceanMan
quote:
In 2035, the oldest millennials will be approaching retirement.
I'm not sure of your definitions, but most folks put Gen Y/Millenials starting at 1980 to 1982. In 2035, the 1968 cohorts (solidly in the middle of Gen-X) will be full retirement age. Millenials will, therefore, be at least a decade away.
At least from where I sit.
Posted on 4/23/19 at 9:45 am to Revelator
Looks like the boomers are gonna get an unpaid retireship
Posted on 4/23/19 at 9:46 am to Ace Midnight
quote:
(solidly in the middle of Gen-X)
I think it’s funny when the 40 year old boomers call themselves gen x because they think it sounds cool
Yalls toupees aren’t fooling anyone
Posted on 4/23/19 at 9:47 am to Revelator
Seeing as more than half of Americans (57 percent) have less than $1,000 in savings, some system of social security is necessary for the dolts or we'd have even more people sleeping on the streets.
Posted on 4/23/19 at 9:47 am to Revelator
quote:
I heard this on the Wall Street Radio program this morning, that if nothing is changed, SS recipients would only reiceve 3/4 of their benifits by 2035. Do you believe this will happen, or some other solution will be offered?
Here's a couple of changes to SS that may happen. First thing will be raising the payroll tax limit on SS, could easily see that with no limit on annual income for the individual, you'll pay the 6.2% no matter how much you make and you're employer will pay more but the employer will have a limit. Second will be means testing for reduced benefits all the way to no SS benefit. If you're a 1%'er you're the target demographic. The Dims will be the ones pushing this and it will play well for them in upcoming elections, poor vs rich.....watch what I tell ya.
It makes me sick to think that between myself and my employer there's been 12.4% of my annual wage allegedly set aside for my retirement and there may be nothing available after working 40+ years.....that's a lot of money, imagine how much money I would have even it it was invested in fixed interest and bond funds over 40+ years, I would be rolling in it.
Posted on 4/23/19 at 9:50 am to el Gaucho
quote:
I think it’s funny when the 40 year old boomers
The 1968 cohort is all 50, amigo. And definitely neither Boomer nor Gen Y/Millenial.
quote:
Yalls toupees aren’t fooling anyone
Posted on 4/23/19 at 9:51 am to Ace Midnight
Yep. FDR forced this on the people. There were no demands for SS. go watch Milton Friedman’s videos.
Posted on 4/23/19 at 9:53 am to The Pirate King
quote:
frick that shite. If I’m paying in fully my entire career, they better pull that money from somewhere else. That’s money I earned and contributed.
That’s not YOUR money. Be glad the Govt allows you to have 3/4 of it back
Posted on 4/23/19 at 9:56 am to Bass Tiger
quote:
First thing will be raising the payroll tax limit on SS, could easily see that with no limit on annual income for the individual, you'll pay the 6.2% no matter how much you make and you're employer will pay more but the employer will have a limit.
How will it work with the employee paying more, but the employer won't? What private employers will do is reduce raw wages and increase profit sharing, or 401k matching, other benefits because everyone will be in favor of that.
quote:
much you make and you're employer will pay more but the employer will have a limit.
Now, you're right about this, but they will lift the cap on contributions first. Pure class warfare. Lift the cap so you're paying full OASDI/FICA on every dollar of income.
Then cap benefits at something like where they're at now with max contributions ($2861 or whatever, around $3k).
Finally, they will means test it so if you've saved $2 million for retirement through your 401k or whatever, you get nothing. I mean, you don't need it right? The very folks who got hit with an uncapped contribution get hosed at the end. The most productive members of our society.
The rich won't pay it because their money isn't in wages subject to this - taxation is largely voluntary for them. The poor will pay it, but get full benefit. The middle class get screwed again and again (and not in a good way).
Posted on 4/23/19 at 9:59 am to Ace Midnight
quote:
The rich won't pay it because their money isn't in wages subject to this - taxation is largely voluntary for them. The poor will pay it, but get full benefit. The middle class get screwed again and again (and not in a good way).
I think we're seeing a demonstrable pattern here^^^
Posted on 4/23/19 at 10:05 am to The Pirate King
quote:
frick that shite. If I’m paying in fully my entire career, they better pull that money from somewhere else. That’s money I earned and contributed
Good luck conveying your concerns to the Feds. I am sure they will work with you.
Posted on 4/23/19 at 10:06 am to Revelator
My retirement date is right around then, if I get anything it will be a pleasant surprise.
Posted on 4/23/19 at 11:10 am to Ace Midnight
quote:
Be careful with this - they'll lift the cap on wages, but enforce a cap on benefits. That's even more Marxism.
I’m pretty sure this has already been proposed or at least talked about being proposed.
Posted on 4/23/19 at 11:12 am to ItNeverRains
quote:
If I get 3/4 of SS in 2035 I will shite a gold brick in excitement.
So thaaat’s how Elmer’s makes some of their Easter candy.
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