Here's how Elizabeth Warren would change Social Security

The smartest Democrat alive today? Here's how Elizabeth Warren would change Social Security

Links:
https://www.usatoday.com/story/money/2019/09/19/elizabeth-warren-social-security-policies/40146709/
https://www.nytimes.com/2019/09/12/us/politics/elizabeth-warren-social-security.html
https://www.cnbc.com/2019/09/12/eli...curity-benefits-financed-by-wealth-taxes.html

I have been saying for over a month that at some point, some Democrat candidate is going to wake up and realize that there are 70,000,000 Baby Boomers out here, who are receiving their earned Social Security benefit (or will begin collecting it soon). And the obvious truth is that Social Security benefits have not had a decent cost-of-living increase in TEN YEARS. In three of those years, there was no increase at all! Look for yourself --



As a Right-wing Conservative, I don't like any Democrat candidate -- BUT -- I must admit that Warren is either orders of magnitude smarter than any of her competitors, or else she's simply the first of her faction to understand that the EASY way to win the nomination and the election in 2020 is to energize Baby Boomers, who are huge in numbers, and are a group of voters who are famous for never failing to vote in a presidential election!

I don't like Warren or any of her other policies, but as a 'Boomer' myself, I have to say -- she's identified a concrete area where a huge number of people have been getting SCREWED, and she has taken a no-bullshit stand to actually DO something about it!

If all she does is use this ONE issue consistently, loudly, and successfully, she'll win the 2020 election! You heard it here first -- FROM A STAUNCH CONSERVATIVE!

 

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She is far from smartest.
She promises retirees more social security, student loan borrowers forgiveness of their debts and reparations to black people.
Her strategy is simple - free sh!t to everyone at the expense of the taxpayers and increased debt.

I’m not voting for this garbage.

 

The tax is not regressive.

 

But she is promising the rest of us a social security tax increase, which means I actually like the status quo more than her proposal. An even smarter plan is to not raise the social security tax and remove the cap on income that can be taxed. Another problem is that people might start seeing her platform as just throwing free money to people to get their votes, and she hasn't always given straight answers as to how she is going to pay for it all.

 

Oh no! You will need to pay more to keep my Social Security checks going.

 

Will that old buzzard Pelosi support Warren's plan?

 

Well, I'm definitely not going to vote for that. If Warren is the nominee, I might consider keeping Trump around.

 

What is a Social Security cheque? On what basis do you get one?

 

Great. More promises of free sh*t to buy votes from one group, which another group has to pay for

 

I recently posted some numbers showing the costs of Warren's proposal to increase Social Security payments by $2,000 a month for 64 million retirees currently getting payment on SS. It came out to $153 billion/year. Half that for a $1,000 bump. The comments I received were not what I expected. A summary follows.

1. Warren has explained exactly how she would pay for this through legislation on taxes, mostly on the super-rich.
2. Most responders viewed the proposal positively.
3. Most felt that Americans on Social Security have been cheated for decades.
4. Cutting the military budget was a favorite target to raise revenue.
5. The economic impact of a $2,000/month increase for fixed income people would be huge because recipients would spend it immediately.
6. Trump's tax cuts were far more expensive to the budget.

After reviewing the results of my little survey, I began rethinking my position on Warren's idea. In short, I believe you are correct that this would be a game changer in the election and would likely ensure a Warren win. "All" she has to do is get it through Congress. Her numbers look good. 64,000,000 votes is a lot of votes and I suspect Warren would capture most of them.

 

Wow, why dont you just say that you want **** others pay for? Would have been quicker

 

Making over $250K is super-rich now?

 

And look at all of the leeches supporting it

 

If you support trump please don't criticize any one else for being a liar. It shows your degree of intelligence.

 

Ah, ha! Excellent point! And it is the 'reason-within-the-reason' that the central banks and other real power-brokers in our economy would welcome a significant (and long-overdue) increase in Social Security to compensate for tens of millions of beneficiaries getting next to nothing for ten long years. Spending, and the inflation factor that goes hand-in-hand with it is exactly what the central bankers WANT!

The central bankers have been going crazy trying to 'stimulate' inflation, and the growth that goes with it, back up to 'normal' levels. The Federal Reserve's snail-slow, anemic efforts at raising interest rates were just beginning to work when Trump launched his own 'jihad' on the Fed, demanding rate cuts, as though something was wrong with our economy. So, now the Fed has cut rates this year -- twice already -- for no reason at all, except maybe to help Europe, which appears to be going into another recession (?).

Long story short -- millions and millions of Baby Boomers are getting screwed on the interest they get on their savings accounts and CD's -- and -- they've been getting screwed on cost-of-living increaes in Social Security. Although generally a 'conservative' group, Boomers are not stupid -- they've seen the prices charged for everything from houses, cars, rent, medicine, medical services, etc., etc., increase dramatically over the past ten years. NOW -- is it just possible that somebody running for president... even somebody like 'Dizzy Lizzy' Warren, can get TRACTION with Boomer voters by promising to correct this situation...? YOU BET IT IS!

Suggestion to President Trump: Understand that there are MILLIONS of Americans who got little or nothing from your big 'tax-cut' a couple of years ago. A lot of them are Baby Boomers, and if you give them to the Democrats, you are going to lose the next election!

. "How about it, Donald -- do you want to be a one-term president, too?"

 

Hey, if it puts a Democrat in the Oval Office, why wouldn't Pelosi support Warren's plan?

Honestly, if I were running for president, I'd see this kind of plan for increased benefits to millions of people who have EARNED them as the most obvious, low-hanging-fruit that could insure my own election.

Another hint to my fellow Conservatives on the Right: not everbody in this country has run back into the stock market casinos after the 2008 series of disasters that wiped out millions of Americans, just when they were 10 - 15 years away from retirement. But stock market gamblers appear to be the ONLY ones that Trump has cared about. But, hey, there's ONLY about 70,000,000 Boomers.... Trump can win re-election without them... right...?

 

Like we are having to do with little to no benefit on increased military spending?
Jaunts to trump hotels?
Weekly golf trips?
The wall that Mexico isn’t paying for?

Why not divert spending to help Americans?

 

FDR instituted Social Security as a means to keep retirees from falling into poverty after they could no longer work for a living.

There is a six percent deduction from your paycheck and a matching amount from your employee paid over the the SS administration. Out of those funds anyone who reaches full retirement age of 66 is entitled to a SS check. It you retire at 62 your check is reduced and if you retire at 70 it is increased proportionally.

Everyone who has worked 40 quarters is entitled to SS and the benefit payout is based upon your top earnings over 30 years.

 

I don't want that spending. And I don't want your money like you want mine

 

But you want folks to pay disproportionately without increased benefit

 

Does it matter if you spend a $trillion dollars on military spending or a $trillion on social security payments when you don't have the money for either?

At least the $trillion on social security payments goes right back into the local economy as it's spent for living ... the new tank sits in a garage with continual maintenance costs and ads zero to the local economy except around the defense contractors neighborhoods.

 

Dear God,
Please let the nominee be Warren.........Pleeeeaaase
Also Please let the democrats impeach Trump.....Pleeeeeaaase

 

I have paid into it for over 49 years. If all of that money had been put into a savings account, it would be worth at least $5000.00 a month by now. If Warren wants to give people like me a well deserved cost of living bump, I am all for it. Not free ****, earned payment.