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Posted: 5/22/2024 9:58:22 PM EDT
[#1]
Quote HistoryOriginally Posted By Ulster: Social security will fix itself. The younger generations won't file because they don't want to steal from their kids like the boomers did. Once everyone stops collecting, the government will stop taking it out of our paychecks. 
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Posted: 5/22/2024 10:02:06 PM EDT
[#2]
Quote HistoryOriginally Posted By Bat15: Who are these non-contributors you are talking about? Other than spouses, dependent children and in some rare cases other dependents, you had to have paid into the system for 40 quarters. I paid into the SS system for less than 40 quarters before I got a job that was "exempt". The $ I paid in is stranded, I will never get it out. I'm not bitter about it, it's not a fortune, but I sure would like my money back even without interest. |
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Posted: 5/22/2024 10:02:49 PM EDT
[#3]
Keep importing third worlders so that they can keep the pyramid scheme afloat. They’ll likely raise the tax rates and cap as well. Gotta take more money from the producers yo.
They can’t raise the age limit to where it should be cause too many folks got it in their heads that SS is retirement income, not for folks who ran out of retirement and are still living. But they should. SS age should be 78-80. |
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Posted: 5/22/2024 10:03:16 PM EDT
[#4]
Don’t worry. The QALY is coming.
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Posted: 5/22/2024 10:04:21 PM EDT
[#5]
Raise the cutoff.
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Posted: 5/22/2024 10:04:47 PM EDT
[#6]
Quote HistoryOriginally Posted By eagarminuteman: Keep importing third worlders so that they can keep the pyramid scheme afloat. They’ll likely raise the tax rates and cap as well. Gotta take more money from the producers yo. They can’t raise the age limit to where it should be cause too many folks got it in their heads that SS is retirement income, not for folks who ran out of retirement and are still living. But they should. SS age should be 78-80. Valid point. People are living a LOT longer than they did when SS was invented. |
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Posted: 5/22/2024 10:05:04 PM EDT
[#7]
As long as the VA disability well never dries up I'm happy.
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Posted: 5/22/2024 10:05:39 PM EDT
[#8]
Only the Government can be trusted to properly run a Ponzi scheme.
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Posted: 5/22/2024 10:06:28 PM EDT
[#9]
Quote HistoryOriginally Posted By exponentialpi: Don’t worry. The QALY is coming. Investing in the popcorn industry for this day specifically. |
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Posted: 5/22/2024 10:08:15 PM EDT
[#10]
Quote HistoryOriginally Posted By Lou_Daks: Valid point. People are living a LOT longer than they did when SS was invented. Like I said the second largest issue is SS went from Old Age & Survivors Insurance meant for people who lived past life expectancy, to retirement income from the government. The largest issue is that this damn system is still around and won’t go away. |
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Posted: 5/22/2024 10:09:02 PM EDT
[Last Edit: McGuy]
[#11]
Quote HistoryOriginally Posted By Bat15:  Many of us boomers will hang on just to watch you guys work.  My how time flies. I didn’t realize it was time for another bash boomers thread. Quote HistoryOriginally Posted By Bat15: Originally Posted By McGuy: By 2035 the boomer vote will have died off enough that the youngest voters will have whats left of them converted to Soylent. Many of us boomers will hang on just to watch you guys work. My how time flies. I didn’t realize it was time for another bash boomers thread. I'm a boomer, call me soylent. @Bat15 |
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Posted: 5/22/2024 10:10:08 PM EDT
[#12]
Remove the income cap -- that never made sense anyways.
Nothing else. Any "savings" will be spent on illegals anyways, so to hell with asking citizens who have paid in to "sacrifice". |
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Posted: 5/22/2024 10:11:05 PM EDT
[#13]
Old people will continue to receive ever increasing amounts of inflated dollars that are increasingly worth less.
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Posted: 5/22/2024 10:12:17 PM EDT
[#14]
Quote HistoryOriginally Posted By Kent: Remove the income cap -- that never made sense anyways. Nothing else. Any "savings" will be spent on illegals anyways, so to hell with asking citizens who have paid in to "sacrifice". It made sense in the fact that it allows them to point and say, “See it’s not a real pyramid scheme, you get more back depending on how much you put in!” Just don’t ask how the redistribution compares to how much you put in. |
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Posted: 5/22/2024 10:13:24 PM EDT
[#15]
Quote HistoryOriginally Posted By McGuy: LOL, yeah right. Quote HistoryOriginally Posted By McGuy: Originally Posted By Ulster: Social security will fix itself. The younger generations won't file because they don't want to steal from their kids like the boomers did. Once everyone stops collecting, the government will stop taking it out of our paychecks. LOL, yeah right. Your sarcasm detector is busted. |
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Posted: 5/22/2024 10:15:04 PM EDT
[#16]
Quote HistoryOriginally Posted By Kent: Remove the income cap -- that never made sense anyways. Nothing else. Any "savings" will be spent on illegals anyways, so to hell with asking citizens who have paid in to "sacrifice". The cap is mostly there so they can just take the money without even having to pretend to return it. 
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AR, USA
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Posted: 5/22/2024 10:27:30 PM EDT
[#17]
Non-contributors that can receive SSI:
https://www.ssa.gov/pubs/EN-05-11051.pdf |
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FL, USA
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Posted: 5/22/2024 10:30:01 PM EDT
[#18]
Everyone on it HAS to take a haircut on their benefits. There’s just no way around it without taking out a few countries militaries and enslaving theit people for half their domestic product. There’s not enough money and not enough taxpayers to support everyone on it. SS in its present form should have never happened in a free market nation in the first place. They’ll just keep printing money to keep it going and devaluing everyone’s money to the point that the middle class will be no more.
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NV, USA
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Posted: 5/22/2024 10:30:09 PM EDT
[#19]
Originally Posted By Lou_Daks: In your opinion, what will the govt. do to cover the shortfall? Ease the retirement age, make it MORE painful to start pulling early, raise taxes, and reduce payments overall. They should cancel the entire thing and let society cure itself. |
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AZ, USA
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Posted: 5/22/2024 10:30:33 PM EDT
[#20]
Quote HistoryOriginally Posted By Bat15: Many of us boomers will hang on just to watch you guys work. My how time flies. I didn’t realize it was time for another bash boomers thread. Nobody is bashing boomers here. I just see people bashing government and freeloaders. Unless you believe that freeloaders == boomers then I suggest you just drink your ensure. |
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AZ, USA
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Posted: 5/22/2024 10:32:25 PM EDT
[#21]
Quote HistoryOriginally Posted By Kent: Remove the income cap -- that never made sense anyways. Nothing else. Any "savings" will be spent on illegals anyways, so to hell with asking citizens who have paid in to "sacrifice". The income cap makes sense when you realize there is also a payment cap. You going to remove that or are you going to admit it is just another welfare program? |
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Posted: 5/22/2024 10:33:17 PM EDT
[#22]
Quote HistoryOriginally Posted By Lou_Daks: I paid into the SS system for less than 40 quarters before I got a job that was "exempt". The $ I paid in is stranded, I will never get it out. I'm not bitter about it, it's not a fortune, but I sure would like my money back even without interest. Quote HistoryOriginally Posted By Lou_Daks: Originally Posted By Bat15: Who are these non-contributors you are talking about? Other than spouses, dependent children and in some rare cases other dependents, you had to have paid into the system for 40 quarters. I paid into the SS system for less than 40 quarters before I got a job that was "exempt". The $ I paid in is stranded, I will never get it out. I'm not bitter about it, it's not a fortune, but I sure would like my money back even without interest. If you are short a few quarters, you could work a part time job. I had a professor who worked retail at Christmas time so that he would get SS. |
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Posted: 5/22/2024 10:38:39 PM EDT
[#23]
Quote HistoryOriginally Posted By wmagrush: Non-contributors that can receive SSI: https://www.ssa.gov/pubs/EN-05-11051.pdf We are talking about Social Security not Supplemental Security Income (SSI). SSI is welfare paid for out of general tax revenue not the FICA tax. |
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Posted: 5/22/2024 10:39:31 PM EDT
[Last Edit: pr24guy]
[#24]
OP,
So you read about SSI and think that is Social Security, we went over this before. |
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Posted: 5/22/2024 10:39:53 PM EDT
[#25]
Quote HistoryOriginally Posted By Imzadi: Nobody is bashing boomers here. I just see people bashing government and freeloaders. Unless you believe that freeloaders == boomers then I suggest you just drink your ensure. Quote HistoryOriginally Posted By Imzadi: Originally Posted By Bat15: Many of us boomers will hang on just to watch you guys work. My how time flies. I didn’t realize it was time for another bash boomers thread. Nobody is bashing boomers here. I just see people bashing government and freeloaders. Unless you believe that freeloaders == boomers then I suggest you just drink your ensure. Sorry, I don’t like Ensure. I will just have a coke. |
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Posted: 5/22/2024 10:44:44 PM EDT
[#26]
This week its 2035, it has been proven that the Treasury knows how to print money. |
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Posted: 5/22/2024 10:46:22 PM EDT
[#27]
Borrow money, causing inflation, and then give cost of living adjustments equal to about a third of the inflation rate.
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MN, USA
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Posted: 5/22/2024 10:46:33 PM EDT
[#28]
not worried, trillions of dollars tossed to other countries, they will do the same here
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Posted: 5/22/2024 10:48:41 PM EDT
[#29]
Quote HistoryOriginally Posted By Xyster7212: They'll just make us greedy, wealthy savers exhaust our retirement accounts before we can collect full SS. Fixed. "Means tested" |
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VA, USA
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Posted: 5/22/2024 10:50:14 PM EDT
[#30]
Easy, stop sending billions to other countries and put it back where it belongs
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Posted: 5/22/2024 10:50:38 PM EDT
[#31]
Quote HistoryOriginally Posted By L_JE: It's been 10+ years since I ran through the math, but I believe Social Security is a progressive tax. I seem to recall that the tax vs payout ratio doesn't favor the right-most of the x-axis. Correct, SS will replace a far greater percentage of income for low earners. |
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Posted: 5/22/2024 10:56:32 PM EDT
[#32]
Quote HistoryOriginally Posted By cavedog: Raise the cutoff. How about raise the payout. |
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VA, USA
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Posted: 5/22/2024 10:56:56 PM EDT
[#33]
they are going to print / generate / borrow more, in effect devaluing the currency, meaning shifting value from everyone towards this protective class.
fundamentally ss takes from the poorest, i.e. minority (black) males, who live the shortest and channels it to white females, who live the longest. it will never go bankrupt. the dollar will implode but the ss will never fail. althogh they will burn the forest to save the house, with the same net effect. people are fundamentally stupid |
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USA
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Posted: 5/22/2024 10:57:53 PM EDT
[Last Edit: PDP_Main]
[#34]
Quote HistoryOriginally Posted By Bat15: Who are these non-contributors you are talking about? Other than spouses, dependent children and in some rare cases other dependents, you had to have paid into the system for 40 quarters. Not exactly true. Cubans are allowed to come to the US to retire and they get benefits, section 8 housing, EBT and the works. It was a Cold War enticement to stimulate defections. And of course the Castro brothers, who had a way of sticking it to the US, were graciously allowing seniors to go to the US to retire. The Castro bros were encouraging people to go to the US to retire. Social Security benefits are also given to drug addicts in the form of payments for therapy. I knew a guy years ago who got like $500 a month for therapy. In the very near future, the illegals who are pouring across the border will marry US citizens, or their wives will become citizens, and laws will be passed to allow them to receive benefits. If they can't already. There is so much that so few people actually know about Socialism Security. It's a government slush fund to buy votes. |
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Posted: 5/22/2024 10:59:36 PM EDT
[Last Edit: hammer1995]
[#35]
Quote HistoryOriginally Posted By HRoark87: The cap is mostly there so they can just take the money without even having to pretend to return it. https://www.ar15.com/media/mediaFiles/451403/1000002478-3221191.jpg That is the income tax tables which have nothing to do with FICA tax. |
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AZ, USA
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Posted: 5/22/2024 11:02:31 PM EDT
[#36]
Make the millennials work until 85 to keep the retired boomers looking good in Tommy Bahama shirts and NB tennis shoes.
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Posted: 5/22/2024 11:02:41 PM EDT
[Last Edit: Kent]
[#37]
Quote HistoryOriginally Posted By Imzadi: The income cap makes sense when you realize there is also a payment cap. You going to remove that or are you going to admit it is just another welfare program? Really. How much do welfare recipients "pay in" to the system to qualify for benefits? Think on that and then compare it to SS. Get back to us. And yeah, me and pretty much everyone who has spent more than 20 seconds looking into how SS works already knows that there is a payment cap. What IS interesting is how apparently SS is the ONLY govt program that can "run out" of funds. There are truly unlimited funds for illegals and welfare -- NEVER any talk about those programs running out. Huh. |
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VA, USA
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Posted: 5/22/2024 11:04:47 PM EDT
[#38]
Quote HistoryOriginally Posted By soonerfan7: Everyone on it HAS to take a haircut on their benefits. There’s just no way around it without taking out a few countries militaries and enslaving theit people for half their domestic product. There’s not enough money and not enough taxpayers to support everyone on it. SS in its present form should have never happened in a free market nation in the first place. They’ll just keep printing money to keep it going and devaluing everyone’s money to the point that the middle class will be no more. you are talking common sense here which is why it won't happen |
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USA
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Posted: 5/22/2024 11:05:19 PM EDT
[#39]
Quote HistoryOriginally Posted By Bat15: Many of us boomers will hang on just to watch you guys work. My how time flies. I didn’t realize it was time for another bash boomers thread. They have a very sad awakening in store. I can't think of more deserving generations to experience socialism than the current youngsters. They'll probably vote for it. |
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PA, USA
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Posted: 5/22/2024 11:06:15 PM EDT
[Last Edit: TheFringe]
[#40]
Quote HistoryOriginally Posted By FullAssault: Easy, stop sending billions to other countries and put it back where it belongs Exactly. Maybe redistribute the $100 billion recently appropriated to Ukraine, Israel, Gaza and Iran not to mention the billions designated for illegals in the form of food, lodging, medical, free debit cards, etc. |
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Posted: 5/22/2024 11:06:29 PM EDT
[#41]
Quote HistoryOriginally Posted By PDP_Main: Not exactly true. Cubans are allowed to come to the US to retire and they get benefits, section 8 housing, EBT and the works. It was a Cold War enticement to stimulate defections. And of course the Castro brothers, who had a way of sticking it to the US, were graciously allowing seniors to go to the US to retire. The Castro bros were encouraging people to go to the US. Social Security benefits are also given to drug addicts in the form of payments for therapy. I knew a guy years ago who got like $500 a month for therapy. In the very near future, the illegals who are pouring across the border will marry US citizens, or their wives will become citizens, and laws will be passed to allow them to receive benefits. If they can't already. There is so much that so few people actually know about Socialism Security. It's a government slush fund to buy votes. Quote HistoryOriginally Posted By PDP_Main: Originally Posted By Bat15: Who are these non-contributors you are talking about? Other than spouses, dependent children and in some rare cases other dependents, you had to have paid into the system for 40 quarters. Not exactly true. Cubans are allowed to come to the US to retire and they get benefits, section 8 housing, EBT and the works. It was a Cold War enticement to stimulate defections. And of course the Castro brothers, who had a way of sticking it to the US, were graciously allowing seniors to go to the US to retire. The Castro bros were encouraging people to go to the US. Social Security benefits are also given to drug addicts in the form of payments for therapy. I knew a guy years ago who got like $500 a month for therapy. In the very near future, the illegals who are pouring across the border will marry US citizens, or their wives will become citizens, and laws will be passed to allow them to receive benefits. If they can't already. There is so much that so few people actually know about Socialism Security. It's a government slush fund to buy votes. People from Cuba don’t get SS unless they paid into the system for 40 quarters. They may get welfare but not SS. Spouses and former spouses who were married for 10+ years can collect the greater of their benefits or 50% of their spouse’s benefit. Social Security is a political third rail but hardly a slush fund. They cannot just give it to anyone like you seem to think. The law must be changed before they can add benefits. Please provide a link to a credible source to backup your claims. SSI is not the same thing as SS, Social Security. SSI is welfare paid for out of general tax dollars. |
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Posted: 5/22/2024 11:08:14 PM EDT
[#42]
Quote HistoryOriginally Posted By Consigli: Make the millennials work until 85 to keep the retired boomers looking good in Tommy Bahama shirts and NB tennis shoes. Sounds like a good plan. 
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Posted: 5/22/2024 11:09:47 PM EDT
[#43]
Quote HistoryOriginally Posted By Kent: Remove the income cap -- that never made sense anyways. Nothing else. Any "savings" will be spent on illegals anyways, so to hell with asking citizens who have paid in to "sacrifice". That's just more "eat the rich" because "they can afford it". |
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Posted: 5/22/2024 11:10:01 PM EDT
[#44]
Quote HistoryOriginally Posted By ad_nauseam: you are talking common sense here which is why it won't happen Quote HistoryOriginally Posted By ad_nauseam: Originally Posted By soonerfan7: Everyone on it HAS to take a haircut on their benefits. There’s just no way around it without taking out a few countries militaries and enslaving theit people for half their domestic product. There’s not enough money and not enough taxpayers to support everyone on it. SS in its present form should have never happened in a free market nation in the first place. They’ll just keep printing money to keep it going and devaluing everyone’s money to the point that the middle class will be no more. you are talking common sense here which is why it won't happen You guys don’t know what you are talking about. They will raise the retirement age and adjust or remove the earnings cap. |
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Posted: 5/22/2024 11:10:22 PM EDT
[#45]
Quote HistoryOriginally Posted By PDP_Main: Not exactly true. Cubans are allowed to come to the US to retire and they get benefits, section 8 housing, EBT and the works. It was a Cold War enticement to stimulate defections. And of course the Castro brothers, who had a way of sticking it to the US, were graciously allowing seniors to go to the US to retire. The Castro bros were encouraging people to go to the US to retire. Social Security benefits are also given to drug addicts in the form of payments for therapy. I knew a guy years ago who got like $500 a month for therapy. In the very near future, the illegals who are pouring across the border will marry US citizens, or their wives will become citizens, and laws will be passed to allow them to receive benefits. If they can't already. There is so much that so few people actually know about Socialism Security. It's a government slush fund to buy votes. Ain't no such thing as an American "citizen" in 2035. Mark my words. If any of ya Xers, Mills, or Z's are still alive around that time, don't forget to hmu and congratulate me for being terminally right. This country went straight up retarded in less than four years. We're thinking 10+ years, amigos. Good luck, plan accordingly. |
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Posted: 5/22/2024 11:12:57 PM EDT
[#46]
Quote HistoryOriginally Posted By hammer1995: That is the income tax tables which have nothing to do with FICA tax. Quote HistoryOriginally Posted By hammer1995: Originally Posted By HRoark87: The cap is mostly there so they can just take the money without even having to pretend to return it. https://www.ar15.com/media/mediaFiles/451403/1000002478-3221191.jpg That is the income tax tables which have nothing to do with FICA tax. You can't kick 32% in until after the cap kicks in. It has a lot to do with it. |
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Posted: 5/22/2024 11:13:19 PM EDT
[#47]
I got no problem with people who worked and paid into it for years collecting it. I know that there Ton of people collecting it not in their 60s for disabilities because they feel or don't won't to work. Or family collecting it from someone stuck in a nursing home or hospital. I know darn well some the patients we take care of in the hospital that are 70-80-90 years old that we are doing everything to keep them alive with Trachs and peg tubes, someone is at home collecting their check as we spend thousand of dollars keeping them alive.
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Posted: 5/22/2024 11:14:39 PM EDT
[#48]
Quote HistoryOriginally Posted By FALARAK: That's just more "eat the rich" because "they can afford it". Quote HistoryOriginally Posted By FALARAK: Originally Posted By Kent: Remove the income cap -- that never made sense anyways. Nothing else. Any "savings" will be spent on illegals anyways, so to hell with asking citizens who have paid in to "sacrifice". That's just more "eat the rich" because "they can afford it".
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FL, USA
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Posted: 5/22/2024 11:19:35 PM EDT
[#49]
Like others have said, they just created 100 billion dollars out of thin air to just give away to other countries. They can just continue the same. This whole "social security scare" is just more political BS.
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MD, USA
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Posted: 5/22/2024 11:21:35 PM EDT
[Last Edit: BMGisbetter]
[#50]
The answer is raising the cap.
After 168,600 you don't pay into the system anymore for the year. If they keep benefits the same, and rase the cap to say 300k, the system has a chance of making it. As you can see, SS tax is especially hard on the poor vs the rich. A earner today that makes 300k pays less percentage wise as a earner that makes 100k |
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