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Old 11-21-2013, 09:05 AM
 
Location: Great State of Texas
86,052 posts, read 84,652,019 times
Reputation: 27720

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Quote:
Originally Posted by cw30000 View Post
Social Security started at 1% and now at 12.6% and still unable to afford it. People on social security itself cannot survive. So you are telling instead of folding it and pay everyone back, we should expand it even more? How about go up 20%? Not good enough? Do a 50%
Politicians never mention HOW they would accomplish this.

Raise FICA to 20% perhaps ?
People hear these politicians talk and never ask "How will we pay for this ?"

Maybe Warren will suggest taking over people retirement accounts and "managing them" and giving them annual payouts. Don't laugh..this has come up in Congress 3 times now.
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Old 11-21-2013, 09:11 AM
 
22,768 posts, read 30,791,096 times
Reputation: 14747
Quote:
Originally Posted by HappyTexan View Post
Politicians never mention HOW they would accomplish this.

Raise FICA to 20% perhaps ?
People hear these politicians talk and never ask "How will we pay for this ?"

Maybe Warren will suggest taking over people retirement accounts and "managing them" and giving them annual payouts. Don't laugh..this has come up in Congress 3 times now.

Elizabeth Warren Supports Higher Social Security Taxes - YouTube

like i said, she advocates raising the income cap on payroll taxes.
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Old 11-21-2013, 09:21 AM
 
Location: PA
5,562 posts, read 5,693,690 times
Reputation: 1962
Quote:
Originally Posted by sickofnyc View Post
Warren's policies are exactly what the shrinking middle class needs right now...as opposed to the Ayn Rand philosophies that the GOP/Teapublicans are pushing.

Since I know facts and economic numbers can't be used to even TRY to get people back to reality. Here is my OP. Social Security is an idea of which when you are born you are given a number, of which will track all you do, your working income, your taxes and your social security payments. Now if money isn't real and we can just print whatever you want then go ahead and print it. This is the fantasy land government lives in not the real world and in order to make up for their short falls they demand more of the same and more of the people's money to play GOD with. Government promises that when your time comes the money will be there economics tells me that is not possible. The only classes that matter are the American people, not middle, poor or rich. Based on what I see and have seen for sometime with government the best thing government can do for the American people is remove people from government who think government PROVIDES things.

I think the idea of a security net has turned into shackles and chains based on the truths laid before us. We the People are destined to come crashing down with the over reaching polices and ideas of the Warren types in government. So the Tea republican types and Ayn Rand philosophies types are holding on to that little bit of faith that freedom and getting away from crazy and economic crash that is coming is some how stoppable. I know it is not for the crazy has infected the minds of free men and women and we don't have enough doctors to fix that kind of thinking. The only thing we can do is let it run its course and be ready to deal with the chaos and reality when the system crashes. So you can have your SS checks , I will keep buying bullets, food and water and lets see who runs out first, government checks or rugged individualism.
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Old 11-21-2013, 09:35 AM
 
Location: Annandale, VA
5,094 posts, read 5,185,765 times
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Quote:
Originally Posted by HappyTexan View Post
So Warren is going to bring back company pensions ?
ROFL. Those will never come back.

And if they really wanted people to save for their own retirements they would not have put an annual cap on it or at least a much higher cap than what they have there now.

Corporate and government worked together to create that baby which relieved corporates from having any financial obligations to the worker after the worker retires.
Pensions will never return. A smart company will terminate workers just before they qualify for one. Most people jump employers too frequently to even qualify for a pension.
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Old 11-21-2013, 09:37 AM
 
Location: Annandale, VA
5,094 posts, read 5,185,765 times
Reputation: 4233
Quote:
Originally Posted by le roi View Post

Elizabeth Warren Supports Higher Social Security Taxes - YouTube

like i said, she advocates raising the income cap on payroll taxes.


That is just another socialist wealth redistribution scheme. 95% of all workers never reach the income cap as it currently is. Those of us in the other 5% will be paying more for those that will never get there.
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Old 11-21-2013, 09:48 AM
 
22,768 posts, read 30,791,096 times
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Quote:
Originally Posted by Spaten_Drinker View Post
Those of us in the other 5% will be paying more for those that will never get there.
social security already redistributes money


all raising in the cap would do , is bring in more high-income people into that pool. If a middle class person has to support the social security program, then there is no reason to exclude high-income people from that burden.
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Old 11-21-2013, 10:04 AM
 
25,619 posts, read 36,791,988 times
Reputation: 23298
Want to fix social security? Let people like me op out and take my employer contribution with me. Based on my investment performance since 1984 when I opened my first IRA I could've had an extra 500,000 with the money I've/employer has been paying into social security.
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Old 11-21-2013, 10:35 AM
 
Location: Great State of Texas
86,052 posts, read 84,652,019 times
Reputation: 27720
Quote:
Originally Posted by le roi View Post

Elizabeth Warren Supports Higher Social Security Taxes - YouTube

like i said, she advocates raising the income cap on payroll taxes.
That means that people will get even more in SS payments because they paid in more.
That doesn't solve the funding issue at all.
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Old 11-21-2013, 11:19 AM
 
22,768 posts, read 30,791,096 times
Reputation: 14747
Quote:
Originally Posted by HappyTexan View Post
That means that people will get even more in SS payments because they paid in more.
social security doesn't work like a savings account.

Quote:
That doesn't solve the funding issue at all.
it would improve the funding for social security, which as far as i'm concerned is the goal.
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Old 11-21-2013, 11:25 AM
 
Location: Great State of Texas
86,052 posts, read 84,652,019 times
Reputation: 27720
Quote:
Originally Posted by le roi View Post
social security already redistributes money


all raising in the cap would do , is bring in more high-income people into that pool. If a middle class person has to support the social security program, then there is no reason to exclude high-income people from that burden.
It will also pay out higher to those that contributed more.
Why are you skipping over that part ?
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