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Top TigerNet [30631]
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Nikki Haley's plan to tie social security benefits to life
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Sep 14, 2023, 1:58 PM
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expectancy ...
essentially makes social security a tax ... instead of a benefit
does she not see that ?
Has she become a swamp creature ?
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Tiger Titan [48978]
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Social Security IS A TAX!
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Sep 14, 2023, 2:06 PM
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The Supreme Court said that long ago and is the only way that it is constitutional.
if it is not a tax, then it is per se unconstitutional. full stop.
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Ultimate Clemson Legend [108429]
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Yep. I don't plan to see a penny. If I'm wrong, I'll be
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Sep 14, 2023, 2:12 PM
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travelling the world when I retire. If I'm right, I'll be fine.
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Ultimate Tiger [36208]
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Orange Phenom [14332]
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Re: Nikki Haley's plan to tie social security benefits to life
Sep 14, 2023, 2:07 PM
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ok, explain that to me? tied to life expectancy? so if you live to 100, better have saved up?
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Tiger Titan [48433]
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She's saying that life expectancy continues to grow
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Sep 14, 2023, 2:09 PM
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so make the age for collecting soc security older.
Not sure I agree with that, but either way SS is already an actual tax...so I'm not too sure what the OP is about here.
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Tiger Titan [48978]
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KEEP YOUR COMMUNIST HANDS OFF MY SOCIAL SECURITY
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Sep 14, 2023, 2:12 PM
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LOL
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Orange Phenom [14332]
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Ultimate Tiger [35013]
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Probably a mix, right?...
Sep 14, 2023, 2:25 PM
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as stated below...what is the answer if not slowly raise retirement age?
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Game Changer [1952]
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Well it might mean people have to work longer to
Sep 14, 2023, 7:11 PM
[ in reply to Ok, that makes more sense, but ] |
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afford living more years retired.
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Ultimate Clemson Legend [108429]
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Some info.....
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Sep 14, 2023, 2:20 PM
[ in reply to She's saying that life expectancy continues to grow ] |
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When the Social Security Act was originally passed, the average life expectancy in the US was 59 for men and 63 for women. Meaning the age at which you could draw Social Security was AFTER the life expectancy (at the time). ALSO, your social security number was never supposed to be used as a form of identification, lol.
It's a tax. Period.
https://www.ssa.gov/history/35act.html
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Oculus Spirit [43156]
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It's a retirment plan for many. Median amount saved
Sep 14, 2023, 3:24 PM
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35-44 $60,000
45-54 $100,000
55-64 $134,000
65-74 $164,000
If you are 50 years old and have $100k saved up you are in trouble but not as much trouble as someone that is 70 with $164k.
Those are median! At 50 you need to have at least 10 times your wage at retirement it needs to be more like 15 times your wage unless you want to sit at home and do nothing.
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Game Day Hero [4301]
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Re: It's a retirment plan for many. Median amount saved
Sep 14, 2023, 3:48 PM
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I think the 15 at retirement is a good goal, but I don’t think it’s a realistic for most. A lot of it depends on your expenses at retirement…I think having no debt is an even better goal…then you can make it just fine on much less. Do both and you’ll be truly living the dream golden years!
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Ultimate Tiger [35013]
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Explain yourself please...
Sep 14, 2023, 2:24 PM
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how does floating a change to SS in order to try to make it solvent make one a "swamp creature"?
Increasing the retirement/ss benefit age because people are living longer is a pretty rational idea, is it not?
There are 3 options, as far as I can see (with a given that the system should be saved)
(1) gradually increase retirement age
(2) increase the tax amount/%
(3) decrease the payout/benefit/"return"
Which option do you prefer?
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TigerNet Elite [73592]
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or. stop stealing from it to pay for other ####?***
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Sep 14, 2023, 2:29 PM
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Ultimate Tiger [35013]
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What has been stolen?....
Sep 14, 2023, 3:47 PM
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to the best of my knowledge, the T-bills sitting in the account versus cash is not at all the reason for the projected insolvency, right? In fact, the Treasury has to pay back the SSI account with interest.
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Oculus Spirit [43156]
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Ultimate Tiger [35013]
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That is certainly what the left wants, but I've never...
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Sep 14, 2023, 3:50 PM
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quite seen how that works (putting aside the moral/political question).
Many like to talk about increasing the SS cap for the wealthy...but the amount one gets at retirement is a function of what one puts in, so putting in more means pulling out more at retirement. So unless, they alter the program on that end too, raising the cap is a band-aid and not a solution.
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Orange Blooded [3230]
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Re: Nikki Haley's plan to tie social security benefits to life
Sep 14, 2023, 2:29 PM
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So would someone still get it at 95 or woul they just start getting later at let's say 72? I don't know the details.
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Orange Immortal [65180]
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This is where the obamacare death-panels would come in handy
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Sep 14, 2023, 2:42 PM
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You're 95 and need a simple procedure? Nah, you've lived a good life and you're costing us a fortune.
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Orange Blooded [3230]
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Re: This is where the obamacare death-panels would come in handy
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Sep 14, 2023, 3:25 PM
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We have to be practical.
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Valley Legend [12646]
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Re: Nikki Haley's plan to tie social security benefits to life
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Sep 14, 2023, 2:41 PM
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yall better keep pulling the wagon, i am getting in
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Tiger Titan [48978]
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remember when George W. Bush tried to tackle this issue
Sep 14, 2023, 2:43 PM
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and the Democrats offered burnt offerings at the altar of FDR?
Bush's plan was to privatize a portion of SS. that plan had problems but made a lot of sense.
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Ultimate Tiger [36208]
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that was back when they also said it would be bankrupt in 5
Sep 14, 2023, 4:14 PM
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years or whatever.
This was the "lockbox" thing with Gore, and privatization from Dubya. And of course it didn't go bankrupt.
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Paw Master [17203]
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Please give me a lump sum payment today and you do whatever
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Sep 14, 2023, 2:54 PM
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you wish with it.
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Tiger Titan [48978]
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at last I agree with you on something***
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Sep 14, 2023, 3:07 PM
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Clemson Sports Icon [52667]
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Hey. What?
Sep 14, 2023, 3:30 PM
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SS should be tied to a certain time from life expectancy. LE at 90? Eligibility at 75 or something like that.
Also, once all of these boomers die off SS will be much more solvent then it has been.
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Valley Legend [12646]
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Re: Hey. What?
Sep 14, 2023, 3:33 PM
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then?
are you a skool teacher?
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Top TigerNet [30631]
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Unlike politicians, most people don't wont to work until
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Sep 14, 2023, 4:07 PM
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they croak.
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All-Time Great [90469]
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My father did.
Sep 14, 2023, 4:26 PM
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He actually died at 67 before he quit working.
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TigerNet Champion [121146]
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this sounds like code for,
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Sep 14, 2023, 4:40 PM
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"Don't pay out until 75 now that people live longer"
But is anyone willing to argue FOR the 120k cap on reported income, or in favor of loopholes that allow Billionaires to get out of paying a proportional amount? We have a handful of families that own 40% of the country's wealth, my guess is they do not pay a dime into the system. It seems an easy fix to keep SS solvent if they paid 6% of their gross income like the rest of us.
I am sure a bunch of you think that is not fair because the poor billionaires will never collect on it.
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Orange Blooded [3230]
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Re: this sounds like code for,
Sep 14, 2023, 4:47 PM
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I am with all of that.
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Campus Hero [13551]
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SS and Medicare are awful commie programs that should be eliminated.***
Sep 14, 2023, 5:46 PM
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Game Day Hero [4301]
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Re: SS and Medicare are awful commie programs that should be eliminated.***
Sep 14, 2023, 6:38 PM
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Yeah… I agree…it’s cool to watch the elderly and children suffer.
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Campus Hero [13551]
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Agreed. Theyd be much better off in a free country.***
Sep 14, 2023, 6:51 PM
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Campus Hero [13551]
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Oh I thought you said cruel.***
Sep 14, 2023, 6:52 PM
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