Here's how Elizabeth Warren would change Social Security

That’s why most good people in America hate Trumpers. They got no heart, no soul and for the most part are just a bunch of greedy, petty little pricks. If a plan had been proposed to raise SS payments for my dad when he retired in ‘90 after working and paying into it for 45 years after serving 5 years in the South Pacific I would have voted for it in a heartbeat. I was making between $150-250k and if it meant raising the cap and I had to pay $10,000 or $15,000 in additional SS taxes so my dad and others could be paid $1500-$2000 a month more it would have been ok with me. You really are a petty little man sir. And you really seem miserable too.

 

I don't think anyone's crisis is your problem.

 

Looks like once Reagan got in there and started his trickle down plan, we all started getting it up the ass.

 

People in this country pay a flat tax on their income of 12.4%. Half is payed by the employer, half by the employee, so the typical employee pays 6.2%. If you are self-employed you pay the whole thing.

When you retire you receive in income from the government for life. It also provides an income for disabled people and widows.

This retirement income is treated like an earned benefit. It is not based upon "need". So if you have retirement income from other sources, Social Security benefits are not affected by that.

There are other details, but that's the basics.

 

Ta.

 

I'm a greedy, petty little prick cuz you feel like you were stolen from and want others to be stolen from to an even greater extent, on your behalf?

BTW, I'm not a Trump fan. Nice try.

 

But you want others to pay for it so it's not your problem

 

You sure seem to be a petty little prick. Your statement about me wanting more money stolen from you is inaccurate. Saying that you hope I and others in my position eat dog food says a whole lot about your lack of character and compassion for others. I would support any effort designed to see that you and those of your generation get fairly compensated for any money you are forced to invest too.

 

I agree about raising the income cap.

It should be at least 500k.

 

No. You sound more like a kid that stole a copy of Atlas Shrugged and The Fountainhead from Dad's bathroom. You haven't thought through what you believe, because your ideal is only suitable for a rich guy living on his own island. No country, no citizens, no problem. You get to keep it all in a foreign bank account and not give a second thought to your compatriots, because you have none. Yours is a lonely existence, but you know if you just hang tough, get yours, give none, remain unattached and "logical" you'll be a billionaire some day.

 

Please have some integrity and not edit my posts down, thanks in advance.

 

So you will raise the max payout by the same 390%? I don't think you would.
Why is everyone so gung ho on a flat tax for social security but then balk when anyone suggests it for the income tax also?

 

Nah.

Keep Max Payout the same.

Maybe, start the tax at 1 Million and go to 2 Million.

Let people that make between 130k and 1 MIllion only pay the tax up to 130k.

Then restart it at a Million,to 2 Million.

 

The BLOTUS doesn't have the ability to make it happen before the election.

If the GOP decides to do it then that will be a sign of abject DESPERATION on their part because they know that they were HAMMERED in 2018 and will probably be hammered again in 2020.

There is also the problem with selling a TAX INCREASE to the GOP base. That will be perceived as a BETRAYAL of what they believe to be "conservative fiscal policy". Another problem will be selling the idea to the GOP DONOR base who will be ones hurt the most by it.

Too many hurdles and self inflicted negative outcomes for the GOP to take willingly so it would ONLY happen out of desperation.

 

It also keep money circulating in the economy which in turn ensures that there are jobs.

 

Ok

Translation: you want other people's stuff.

Better?

 

Translation: you want other people's stuff.

 

Why do you feel they need to have a higher percentage stolen than you did, plus have no income cap and no benefit for contributions above that cap? You didnt have that "stolen" from you to that extent.

If yours was "stolen", why should others be stolen from even more? It was you who enjoyed the government spending of the funds and never put any restraint on your government. Now you want your sons and daughters to pay your tab.

 

The generation that failed to restrain its government, spent its funds, enjoying the results, and failed to pay its bills, now wants their kids to pay their bills.

 

They could never have left it alone. Once they see some money that isn't used, they have to find a way to touch it and spend it. It's an addiction.

 

Speaking with you has been a pleasure. Bless your heart.

 

I cannot deny what the FACTS show us, even though I was always a big Reagan supporter, but there was never a single time during the Reagan years that the cost-of-living increases were ZERO! During the Obama regime, there were no less than THREE of them.

As far as how the government/Federal Reserve calculates which prices increased, and by how much -- well, it's AMAZING how many things that people actually have to buy in both goods and services in the course of living normal lives that are LEFT OUT of the calculus.

Since 2009, how many of the prices of things, and services, have gone up A LOT? Has there been even one year in that period when the prices of things that people actually buy remained at ZERO...?

During the Obama years this country added millions of people to the lists of those getting all kinds of welfare and "subsidies" (just another word for welfare), but Social Security recipients who were forced to pay into SS all their lives got screwed -- and the situation is being made even worse under Trump because on top of everything else, he doing everything he can to crush interest rates back down on savings accounts!

Bottom line: 'Dizzy Lizzy' Warren may be an unethical political player, but she's a pretty damned SMART one by pinpointing an issue that can instantly draw 70,000,000 voters to her side! What's that old saying... "Money talks and bullshit walks...."

 

Except she has her eyes set on coming after your retirement accounts.

Elizabeth Warren Wants To Cut The Value Of Your Retirement Account

....In an analysis of Warren’s proposal in 2018, Matthew Yglesias at Vox cites research that ties the German “codetermination” requirement, as it’s called (which has required employee representation in many industries in 1951 and universally in companies with over 2,000 employees in 1976), versus the American principle of maximizing shareholder value, as responsible for the considerably greater growth of share prices in the U.S. compared to Germany and countries with similar requirements. Based on these differences, Yglesias writes, “share prices could fall by 25 percent.”
https://www.forbes.com/sites/ebauer...alue-of-your-retirement-account/#332a8fc57686

 

I started collecting SS this year. Never in my life did I expect it to pay all my bills and be my sole source of retirement income.

 

That's right.
Demand other people's money then slink off when called on it