re: Would a phase out of social security be viable?

Psyche. Its already true that if you do not put money in you get nothing.

You must work 40 quarters and pay 7.5% socialist security on income all of those 3 month segments.

So if you worked 38 quarters you get nothing.

The more you put in, the more you get.

10 million illegals make socialist security solvent.

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Basically enact law that stated the social security system would cease to exist for anyone born after December 31, 2019? Sure, it would take another 100 years or so to completely end, but it might be the only viable option.

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I could see a means test for benefits and no earnings cap on SS payroll taxes before the government completely shuts it down.

It really take all of the fun out of self-employment and destroys the incentive to create a small business.

Little known fact - after BHO was elected, he cut drastically funding to the SBA. Small businesses are to hard to catch, if you know what I mean. ACA crushed many small ops and 1099 contractors.

I’m a little younger than you but in full agreement. We can’t. It’ll be dead before you or I can draw on it unless they reform it big time.

Some of the ideas thrown around (most of which would go over like a lead balloon):

-make it means tested (rich people wouldn’t get it at all).
-increase 6.2 to 7.2.
-increase age that you can start getting pay outs.

There are others but those are the three I keep hearing.

You will be entitled to a decent size Social Security monthly check. Congratulations.

The IBFreeman plan for SS does just that in the long run. It has been posted here several times but here goes again for you Trumpster new comers

1) end the SS payroll tax today (it is 15%) and replace it with a 10% mandatory savings plan (if you don't do it you do no have any SS as a backdrop so it really isn't mandatory)

2) hold SS benefits where they are at today.

3) people would not be eligible for SS benefits until the savings in #1 were gone. The law would not allow those savings to be depleted a more than SS per month unless the savings had accumulated to the point that it exceed the amount needed to fund monthly payments until age 90.

4) Impose a national sales tax to pay SS benefits---this tax would be adjusted every year to pay only the benefits of that year--in theory it would be virtually zero in 20 years as most people's savings over 20 would be much more than any SS benefit

This plan would immediately reduce the number of people going on SS per month. It would not impact those on SS nor would it eliminate SS as a back drop.

This would also do wonderful things to reduce poverty as these savings would be private property and as such would be parts of estates and after a while many people would have far more savings than needed and get to enjoy the excess as in their own lifetimes.

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is there a quick way to see how much of my money has been 'distributed' already?

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as soon as the government takes your money it is then distributed. It is gone. The government is NOT holding a slush fund for you.

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I'll do em one better: They can keep everything I've put in, just stop taking from me and I'll never ask for anything back.

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i felt that way up until 7 years ago, now? give me my money i have paid in and we will call it quits just stop taxing me on it. if not they had best have my money when it is time although i am not planning for it

Ha, I'm 36, I haven't done the math in a few years, but I'm sure there's a tipping point when I'll be in your camp.

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If you haven't contributed any money into SS by working, then you shouldn't get shite from it. More wealth redistribution by the Dems.

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Yeah...frick old folks.