Author Topic: Social Security Fix  (Read 436 times)

Online supsalemgr

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Social Security Fix
« on: June 02, 2019, 10:31:00 AM »
https://www.cnbc.com/2019/05/31/this-bill-could-save-social-securitys-for-the-rest-of-this-century.html

SS is going to be OK for most of us, but we all know it is in serious trouble down the road. I am personally in favor of as much privatization as possible. However, that is not going to happen so something else has to be done.

Here is a bill that at a quick look has some merit. I don't like tax increases, but this plan seems pretty painless as the increases are over a long period. I do like raising how SS is taxed. Right now, Mrs. Sup and I are double taxed on SS since my pay was taxed when I earned it and now it is taxed again as I receive SS.

IF SS is to remain viable it must be paid for.
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Offline Solar

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Re: Social Security Fix
« Reply #1 on: June 02, 2019, 12:40:23 PM »
Same here, I hate the fact they bill me for medicare as well, even when you don't use it. Unless you have insurance, then you are exempt, but I pay out of pocket for private care when I need it. I save thousands yearly.

Orrr? We could just privatize everyone's account, to where it can't be touched till retirement, no tax, just a deduction from your check into a private IRA/Trust that can't be touched for any reason other than 100% disability. Of course, this disability has to be proven in court, three different panels of doctors.
No tax, just your own money accruing interest.

Granted, this too is unconstitutional, but it is a pragmatic compromise.
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Online supsalemgr

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Re: Social Security Fix
« Reply #2 on: June 03, 2019, 04:20:58 AM »
Same here, I hate the fact they bill me for medicare as well, even when you don't use it. Unless you have insurance, then you are exempt, but I pay out of pocket for private care when I need it. I save thousands yearly.

Orrr? We could just privatize everyone's account, to where it can't be touched till retirement, no tax, just a deduction from your check into a private IRA/Trust that can't be touched for any reason other than 100% disability. Of course, this disability has to be proven in court, three different panels of doctors.
No tax, just your own money accruing interest.

Granted, this too is unconstitutional, but it is a pragmatic compromise.

I totally agree SS taxes, by employee and employer be self directed by the employee!  :thumbup:
"If you can't run with the big dawgs, stay on the porch!"

Offline Solar

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Re: Social Security Fix
« Reply #3 on: June 03, 2019, 05:34:09 AM »
I totally agree SS taxes, by employee and employer be self directed by the employee!  :thumbup:
Yep, if I was forced to take a percentage of my check and lock it away, I'm going to make certain my money has the greatest return. With that in mind, a new industry would emerge vying for my dollar promising the best return.
Heaven forbid I might actually see a nice chunk in my retirement, possibly a millionaire if I play the market Right.
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Online supsalemgr

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Re: Social Security Fix
« Reply #4 on: June 03, 2019, 06:59:19 AM »
Yep, if I was forced to take a percentage of my check and lock it away, I'm going to make certain my money has the greatest return. With that in mind, a new industry would emerge vying for my dollar promising the best return.
Heaven forbid I might actually see a nice chunk in my retirement, possibly a millionaire if I play the market Right.

However, the leftist hand wringers will cry about the folks who make bad decisions.
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Offline Solar

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Re: Social Security Fix
« Reply #5 on: June 03, 2019, 07:04:05 AM »
However, the leftist hand wringers will cry about the folks who make bad decisions.
:biggrin:
Yep, and demand they be subsidized. :sneaky:
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