The go-broke dates for Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates.
The go-broke dates for Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates, according to the annual Social Security and Medicare trustees report Monday.
Still, officials warn that policy changes are needed lest the programs become unable to pay full benefits to retiring Americans.
I'm making enough now that I hit the cap, and I'm annoyed by it. I don't need social security, but the less fortunate do. It's so backwards. I should be paying more into it.
I never wanted to pay a dime of it, because even as a teen with a shitty starter job I was paying into a system I knew was going to go broke before I got to draw anything from it. Now I work two jobs just to contribute to my retirement so that maybe I'll get a few good years at the end, and bow they want to make sure that no matter how much I make, I have to keep paying? Get fucked (the system, not you in particular).
How about we set a floor, below which you don't need to pay for social security. I don't know what number makes sense, lets just call it $500k/yr. Then all the rich assholes who don't need it can pay for the people they're fucking over.
While we're at it, take social security out of dividend payouts and stock sales above some yearly threshold too, take some back from the dicks who don't actually have "income" because they get paid in stock.
My thoughts exactly. Somehow, year after year, we can always come up with $800B+ for the offense budget ($842B FY2024) and that never gets seriously questioned, despite the US not being technically at war with any other major or minor powers. The offense budget is always a "must pass" proposition, whereas spending that actually helps Americans, like Medicare, Medicaid, and SS, are treated/portrayed as some sort of obscene "entitlements" that only the most profligate and immoral nations would ever direct tax money to. Those, and any kind of non-military infrastructure, are just examples of coddling the undeserving citizenry. Investing in the means to kill "foreigners", in contrast, is money well spent!
The whole "standing army" paradigm needs to be scrapped and the sooner the better.
On the flip side, the DoD is the biggest socialist organization in the government and employs literally millions of Americans. And while the US isn't at war, they have a lot of international allies that they support and prop up. (that being said, the defense budget is pretty obscene. And the support of Israel is maybe not the best way to spend it.)
You're simply describing the skewed tax burden placed upon the middle and lower classes. Rich people should be paying more. Social security isn't an investment fund and shouldn't be an investment fund.
An investment fund is a supply of capital belonging to numerous investors, used to collectively purchase securities, while each investor retains ownership and control of their own shares.
The only thing not making it an investment fund is that the government forcefully takes the money and you don't own the money after it is taken.
The average person gets the majority of their retirement income from SS.
Ask the average person what SS is. They will say that it is a retirement fund. What is a retirement fund? An investment fund.
Social insurance, as conceived by President Roosevelt, would address the permanent problem of economic security for the elderly by creating a work-related, contributory system in which workers would provide for their own future economic security through taxes paid while employed.