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Old Today, 11:56 AM
 
9,907 posts, read 2,439,279 times
Reputation: 4911

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Quote:
Originally Posted by PedroMartinez View Post
It's long past time to phase out SS and move to individual plans.

Ponzi schemes fail in the end.
Social Security is insurance.

If your belief is that all insurance is a Ponzi scheme, then you are entitled to your opinion, but it remains a fact the Social Security was conceived of and remains insurance against the affects of poverty in old age. No private savings plans can fulfill that role (any more than private savings plans can replace medical or liability insurance).

Private savings in addition to social security is always a good and advisable thing.
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Old Today, 12:00 PM
 
7,251 posts, read 7,081,081 times
Reputation: 6016
Quote:
Originally Posted by CrowGirl View Post
I agree with BeerGeek.....reform is needed. My concern has always been that it be done thoughtfully, such as a tiered system or perhaps extending the age where you can first take full benefits. I'm concerned that reforms if not done thoughtfully will disparately impact lower income folks.
The cut off on how much income is taxed for Social Security needs to be raised. Those making big salaries need to pay their fair share.

The age for full benefits is pretty high already. People doing manual labor are only able to work so long into old age.
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Old Today, 12:02 PM
 
Location: SGV
25,396 posts, read 9,886,503 times
Reputation: 9862
Will the parlor acts known as SS and Medicare be replaced though?

Personally, you can never go wrong with the old "saw an audience member in half" shtick.

Let's fund that!

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Old Today, 12:03 PM
 
Location: Near Falls Lake
2,874 posts, read 1,953,925 times
Reputation: 2711
Quote:
Originally Posted by Teacher Terry View Post
He can reverse the tax cuts for the rich and SS and Medicare will be fine.
Actually they won't.....not even close. Fact is medicare costs are well below market and people are living longer. Solution.....increase the amount you pay for medicare (and yes, I get medicare) and increase the age at which you take retirement. The budget will NOT be fixed unless we address entitlements!
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Old Today, 12:15 PM
 
Location: Denver, CO
8,784 posts, read 1,995,393 times
Reputation: 1714
Quote:
Originally Posted by Hesychios View Post
Social Security is insurance.

If your belief is that all insurance is a Ponzi scheme, then you are entitled to your opinion, but it remains a fact the Social Security was conceived of and remains insurance against the affects of poverty in old age. No private savings plans can fulfill that role (any more than private savings plans can replace medical or liability insurance).

Private savings in addition to social security is always a good and advisable thing.
Insurance is voluntary.

Ponzi Security is mandatory.

Big difference.
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Old Today, 12:19 PM
 
Location: NYC
2,808 posts, read 3,069,416 times
Reputation: 4791
Even though I will never vote for Trump, I have no problems if they cut all these to zero starting today:

Medicare
Medicaid
Social Security
Food Stamps
Section 8
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Old Today, 12:24 PM
 
Location: Arizona
13,199 posts, read 7,886,447 times
Reputation: 7034
Quote:
Originally Posted by Adhom View Post
Even though I will never vote for Trump, I have no problems if they cut all these to zero starting today:

Medicare
Medicaid
Social Security
Food Stamps
Section 8
Then you're wife's or husband's parents will come and live with you for their total support, health and living, probably when you're in your early 40s. the prime years of your working life and while you're still raising kids.

Good luck with that.
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Old Today, 12:28 PM
 
11,243 posts, read 11,044,094 times
Reputation: 5506
Quote:
Originally Posted by Adhom View Post
Even though I will never vote for Trump, I have no problems if they cut all these to zero starting today:

Medicare
Medicaid
Social Security
Food Stamps
Section 8
As a never trumper myself, I would be ok with phasing down the spending to bring things to balance and eventually zero if it works out to do so
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Old Today, 12:30 PM
 
11,243 posts, read 11,044,094 times
Reputation: 5506
Quote:
Originally Posted by Mr78609 View Post
Some of you Trump haters continue to be obsessed with it,,, Maybe you need to stock up on medication for depression now BEFORE TRUMP WINS AGAIN....
What are you maga snowflakes going to do if he doesn't? Cook up another conspiracy theory about illegals and globalists?
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Old Today, 12:32 PM
 
11,243 posts, read 11,044,094 times
Reputation: 5506
Quote:
Originally Posted by ET14 View Post
2 totally different thing because although they DO need fixed Trump didn't say it elitist establishment clowns on capitol hill did.
The orange clown puppet does whatever the gop puppetmasters tell him to' .

Remember when trump called for higher taxes on the rich before he passed one of the most regressive tax cuts in history? Or does your maga koolaid let you ignore that?

https://www.realclearpolitics.com/vi...ng_myself.html
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