re: Young Americans Turn Against Boomers Over Social Security

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Well I am 74 my position for years has been to remove all of the income limits. Let everyone pay in the full 7.65%. Allow for drug price negotiation. When it becomes time to collect, implement a resource test. If you have liquid financial resources over $2 million then you are ineligible for SS but eligible for Medicaire.

As for Congress, eliminate that cushy retirement plan and shift them all over to Social Security.

Also any "borrowing" from the SS fund menas the $$$ are replaiced with US bonds at double the bond interst rate.

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Taking off the income limit for Social Security and Medicare taxes has been rumored for a long time but so far they've held off.

When you consider the percentage of income paid by the average middle class household in Social Security and Medicare taxes it's a pretty big chunk of their income....so it's definitely the middle class that's paying the bulk of social security and Medicare taxes.

The other option I've heard talked about is to means test Social Security and Medicare based on total net worth, not sure what that would look like but I could definitely see the government doing something like means testing.

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Well David, #1) I'm going to have to ask for a link to that jewel

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jjdoc is the one that brought us that. He provided links and he was right. He actually thought it was a feather in the MAGA hat because, like so many on the Trump bandwagon, he was okay with big government and views the national debt like normal do aliens.

Sure wish I could manage my own damn money instead of putting it in this cluster frick.

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Well in all fairness, the government tried to reform ssn via Covid. They weren’t quite as efficient as desired in killing off the seniors, but they did try.

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Don't worry they are killing of many more via side effects of the jab.... Myocarditis, strokes, turbo cancer are going to really bring down the population. Plus no more babies from the vaxxed.

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The other option I've heard talked about is to means test Social Security and Medicare based on total net worth, not sure what that would look like but I could definitely see the government doing something like means testing.

Believe me it is means tested. I pay a higher premium to medicare because I have higher annual income.

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When I speak of "means testing" the one I've heard mentioned before is "means testing" at retirement age.....total net worth would factor into Social Security and Medicare monthly checks.

I could see the government making some type of net worth brackets where the highest bracket is $0.00 benefits.

This^^^ is why I keep saying just cut my household a check for $2 million for the Social Security and Medicare taxes I've paid over +45 years and I'll call it done.

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The young Generations will never see a cent they are paying into this system,

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Yes they will.

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it’s broke in a few years, and the choices to save the system, at that point will be to print( and watch inflation skyrocket) , or raise taxes even more, and continue to Ponzi scheme can kicking….for only a few more years. Which means anyone in their 20’s and 30’s will never probably see a cent of that money…

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You have no clue how Social security works and have bought in to the fear mongering from both parties.

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When I speak of "means testing" the one I've heard mentioned before is "means testing" at retirement age.....total net worth would factor into Social Security and Medicare monthly checks.

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Yeah whatever. In fifteen years or so I'll be gone and somebody will get my money. In the meantime I'll just keep getting this checks.

life is hard get a helmet

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Taking off the income limit for Social Security and Medicare taxes has been rumored for a long time but so far they've held off.

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Because payouts would have to increase accordingly.

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so it's definitely the middle class that's paying the bulk of social security and Medicare taxes.

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... and it's definitely the middle class that's receiving the bulk of social security and Medicare "benefits"

Gotta love how SS and Medicare are going broke, yet Congressional retirements and healthcare plans are still solvent. Let's shite on seniors that have paid into SS and Medicare for years and are nearing retirement age, and let's shite on our veterans as well. Their pensions and VA healthcare is some of the worst, but yet we support and re-elect congressional members without fail that feed at the government trough.