Republicans want to cut Social Security benefits and protect the 1% from paying their share in taxes; Democrats know we can afford to raise benefits.
The fix is simple, just raise taxes!
I pay enough in taxes, I pay for my fair share. I would rather end social security and have a private retirement account.
Increasing my taxes, once again just shows what a scam it is.
Larson’s proposal would extend the standard 12.4% payroll tax, which is levied this year on all wage income up to $168,600, to income over $400,000, leaving an income gap that would be narrowed over time. Larson would also levy the payroll tax on investment income over $400,000; that income is currently not taxed at all.
If you make less than 400,000 a year you would never see a new dime of taxes and social security would be solvent for your lifetime even with an increase in benefits.
I wonder if anyone screeching about “my taxes” concerning this approach even makes over 400k YEARLY.
It sounds like the raising “my taxes” bit is a lie, often repeated by people who are not so rich as to be affected. At best the argument is “I am selfish so fuck you”
Had a meeting with a financial advisor to discuss investments to secure longterm security today. One of the things he mentioned, which I had not considered, was investing in companies serving the aging health sector. But that's beside the point, just thought it worth mentioning as it tangentially fit what you said.
Raise taxes. Taxes pay for things. You know how you're mad that live is getting shittier in the USA? Giving tax windfalls to the ultra rich and corporations is one of the reasons for that. Reagan poisoned the well on government or taxes ever creating a benefit and we've been stuck on this party line ever since.
Lol, if anyone's getting scammed it's me! People often collect more social security than they put in. I've only been paying into since I began working, and have another 30 or so years before I can start collecting.
So, yes, we should continue paying out social security because our entire society is a scam. It's the least we can do.
I’m glad you’re honest about social security and new deal policies.
Then I'm sorry to disappoint because it's not fair to attribute such beliefs to me, particularly about the new deal policies, which led to the idealized American past that modern folks pine after, when I didn't mention them.
But since you brought 'em up, we should definitely double down on the new deal policies rather than continue to role them back. Lina Khan's renewed anti-trust efforts are a good, strong first step, but we definitely need way more.
which led to the idealized American past that modern folks pine after, when I didn’t mention them.
I don't think many people idolize the great depression. WW2 ended the great depression.
TIL. There's an obvious question though of whether the economic demand of hunting Nazis ended the great depression or some other economic or social policies or a combo of several.
Well hot damn! I looked up that paper and, unlike a lot of right-wing news sources, it's real and says what it say you say it says.
Still though, another resource I use complicates the conclusion of that paper. So, okay, I'll admit that the New Deal's economic effects were complicated. Maybe it didn't lead to the best economic times in America? It obviously couldn't have been the war because the war ended. Maybe the war gave it a sort of start...but what was actually sustained until the 1970s?
TIL x2, and I stand corrected again. Every time, I just gonna make a link to the last time I was corrected in this community, because why not.
That is the issue. The system doesn't work. It is just a wealth transfer which I am against.
I would support taking the 12% and putting it into a private retirement account.
It is unfair to ask the top 5% or 50% to pay for the bottom 50%. I already pay more than my fair share of taxes. People won't take taxation seriously until they feel the pain. Spreading the pain across everyone may cause people to stop demanding more spending.
We have a spending problem in this country and it can't be solved by taxation.
So you make above the cap? So you currently pay nothing?
Are you planning to reject SS payments when you’re of age? I mean you didn’t pay in right?
Are you saying that despite not previously having to pay a cent into into SS, and despite that you have access to SS benefits whether you pay or not, you consider it too much to bear to start paying anything?
SS doesn’t fund people’s retirement like it’s an extravagant pension, it keeps the elderly out of poverty. Like you said the benefits scale so why refer to it like you’re personally cutting a check to send everyone in a cruise?
You pay for roads you don’t drive on, I pay for schools for kids I don’t have, get over it. Selfishness isn’t a virtue.
You are not rejecting the system making you a benefactor, by your own logic that ship has sailed. Congrats you’ve already contributed, and you’re not a slave and atlas has not shrugged.
Right now you’re just making up reasons to be selfish… like you personally funding the nation’s retirements. Whatever you gotta tell yourself to feel good. It’s selfishness. Again, get over it.
I don’t see it selfish to keep my own money. That’s a weird view of being selfish
Get over the desire to take money from other. It’s theft and the system isn’t sustainable. People should be personally responsible for their retirement.
SS needs to be sunset and people need to save for their own retirement.
Do you have kids? If so then other people helped pay for their schools, if not then you’re already paying for other peoples’ kids school.
Hell do you have insurance? Do you know how that works collectively?
You are already paying for roads you’ll never drive but others can, firefighters you’ll likely never need but other will, etc etc. conversely you are able to drive from A to B because of financial input from people that may never drive the same road.
You are already contributing to and benefitting from this “theft”you speak of. The difference seems to be that you take issue with knowing that you are helping other people. It can’t be the money, you are already benefitting from that and you’d have to be stupid to say you shouldn’t.
It’s frankly kind of weird how much you are already benefitting from everything you call “theft,” it only seems to be an issue as soon as you’re asked to contribute your fair share.
I paid for their school. I wrote a check each month for their education.
I contribute my fair share to social security. It’s asinine to think otherwise. My benefits don’t go up as I pay more. I just receive less for every dollar that is stolen from me.
Didn’t think otherwise, just wanted to get to this part:
I’d rather eliminate social security.
You’d gladly use my tax dollars if it stopped your house from burning down, but you’d rather eliminate the single program keeping the nation’s elderly out of poverty than spend one tax dollar of yours. Certainly starting to sound like theft now.
Oddly I pay taxes as well. So if me using my tax dollars to pay for the fire services. Unless you live by me, you’re not paying for my fire services
I’d rather each person paid for their own retirement. It’s not that complicated. Hopefully when Trump wins again, we can finally end this Ponzi scheme. The answer is not to keep raising the rate of taxes on me to pay for a failed program.