Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The "success" of Social Security is based on the losses of workers who pay in for decades and die before collecting.
Exactly. The average age of Americans life expectancy in the 1930s was around 63-66 years old.
These days the average American can expect to live until ages 75-80.
Factory in more and more American applying for 1. Disability plus more and more Americans filing for early (reduced) social security benefits at age 62, one can easily see why we have or will have major problems funding social security.
Go right ahead and start a movement to eliminate Social Security. Just one warning, don't show your Powerpoint presentation at any senior centers. You may not make it out alive.
Quote:
Originally Posted by aneftp
Exactly. The average age of Americans life expectancy in the 1930s was around 63-66 years old.
These days the average American can expect to live until ages 75-80.
Factory in more and more American applying for 1. Disability plus more and more Americans filing for early (reduced) social security benefits at age 62, one can easily see why we have or will have major problems funding social security.
Not every America is average and those who don't live until retirement age lose every cent they paid in. Longevity is correlated with income and it's the working class that's getting screwed.
Oh, and life expectancy is declining for working class white Americans.
Not every America is average and those who don't live until retirement age lose every cent they paid in. Longevity is correlated with income and it's the working class that's getting screwed.
Oh, and life expectancy is declining for working class white Americans.
Die early, the middle class needs your Social Security 'contributions'.
All the more reasons to strengthen SS. Instead both parties seem keen on cutting benefits. This is sad since old people are not the problem nor did they contribute to our debt.
It is not the income tax that is problematic, but the capital gains tax. Most of these ******* earn their income off the sweat of others. This needs to be taxed.
Go right ahead and start a movement to eliminate Social Security. Just one warning, don't show your Powerpoint presentation at any senior centers. You may not make it out alive.
I'm not for eliminating it in any form. I want to make it easier to get back on it once you get it. Then set the minimum wage above it and get full employment. With a revolving door they would have nothing to loose by getting a job. I'm talking about those below retirement age that are getting benefits.
I think eventually everyone's taxes will have to be increased.
To serve what purpose? Punishment of the successful? It must be a crime to succeed, because I can think of no other reason why liberals want to raise taxes on those who are literally driving the economy.
Raising taxes on wealthier Americans, those who through their hard work and wise management of their businesses have created wealth for themselves and brought many along with them (Example: Bill Gates and Microsoft) serves only to remove money from the hands of those who would create jobs and grow the economy, and deliver it into the hands of bureaucrats who waste much of it by throwing it down the rat hole of government. Much of it is handed out to campaign donors in the form of "grants" (Solyndra?), and much of it is handed out in what amounts to government "gifts" to a selected class (welfare - with no work requirement- "Obama phones," and other government "freebees" that aren't really "free.").
Further, it has been proven time and time again that increasing taxes decreases revenue, rather than increases it, therefore as they calculate the amount of "entitlements" that these tax increases will "pay for" with their faulty logic, the revenue never materializes, leaving us further in debt and with ever increasing deficits.
Quote:
So, there can be no doubt that Obama and Biden want to raise taxes in the name of what they perceive as
"fair."
Regarding taxes, let's see what history has taught us. There have been, since the implementation of the income tax, four major tax rate reductions. Every one of them has been followed by increased tax revenues. Daniel J. Mitchell, Ph.D. of The Heritage Foundation said:
There is a distinct pattern throughout American history: When tax rates are reduced, the economy's growth rate improves and living standards increase. ... Conversely, periods of higher tax rates are associated with sub par economic performance and stagnant tax revenues. In other words, when politicians attempt to 'soak the rich,' the rest of us take a bath. http://www.americanthinker.com/articles/../2012/10/the_effect_of_fairness_on_tax_revenues.html
Quote:
Originally Posted by Iamme73
In terms of Clinton era spending, why would you set this arbitrary limit?
We have like 30million more people than when Clinton was last president.
The over age of 65 population is exploding. We face an increasing demand for a better educated populace.
To tie this nation to some artificial limit that may prevent us from meeting the current challenges is kind of foolish.
The ever expanding "current challenges" and perceived need to fund them through taxation is what is foolish. Government will never have enough, as it's apetite grows with it's fantasy vision of creating a society of "equal distribution of wealth." This view implies that what one earns belongs first to the government, not to the individual who through his own effort, ingenuity and intellect, created wealth for himself. This goes against everthing that is the foundation of what has made this country great.
The purpose of taxation (prior to the income tax) was to provide a means for the government to pay it's bills, for the operation of government, according to Article I, Section 8 of the Constitution.
Lol, well you have to basic reality correct. The President and the democrats don't have to do anything and they get what they want.
Understand you think this is some nefarious plot, but it is the result of the negoiations at the end of 2010 to raise the debt ceiling.
The conservatives thought President Obama would lose his re-election bid and the new conservative president would make the tax cuts permanent.
President Obama thought he'd get re-elected and end the tax cuts on income above $250,000. He won so its happening.
Just because Obama won re-election doesn't mean he gets everything he wants. If that was the case, why don't we just proclaim him "King" (or dictator) and eliminate Congress?
Your view makes Congress irrelevant, and existing only in a perfunctory way.
But our system of government was established to represent all the people, not just the people who belong to the Party of the President. The fact of the matter is The People retained the Republican majority in the House. They also have increased the number of States (30) with Republican governors, and most of them with Republican run legislatures. So there still seems to be plenty of support for Conservative government.
Most people want less government, not more. And that is what this is about as much as anything else.
Exactly. The average age of Americans life expectancy in the 1930s was around 63-66 years old.
These days the average American can expect to live until ages 75-80.
Factory in more and more American applying for 1. Disability plus more and more Americans filing for early (reduced) social security benefits at age 62, one can easily see why we have or will have major problems funding social security.
It amazes me that people don't get this. We're living longer and drawing from the system longer.
I remember reading that, years ago, 1 in 3 people didn't live long enough to retire and half of the ones who did, died within a year of retiring. The system was set up to fund 1 in 3 people. There have to be major changes to the system if it is to survive.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
What's wrong with this picture?
