Trump's Tax Plan will widen Social Security Shortfall

SS is fine. These predictions of doom and gloom are funny, as people have been bringing the SS is broken crap since it was passed.

We will do what we always do, run a deficit. SS taxes will be paid by inflation through the Fed like everything else.

 

It should be illegal to be that stupid.

 

Agreed, but if there is no money to milk (or revolving doors, etc.) then there is nothing to extract. I don't think they go there with the intent to corrupt themselves, but it is literally part of the game. If you don't fundraise to a certain level - both for yourself and the party - the party will abandon you.

 

One side is getting money - almost exclusively to fund their campaign - the other is giving money in an effort to buy policy. If there is no money to get, there is nothing to extract. Are we assuming that every person who runs for office does so for the graft?

 

Yeah, on second thought I am thrilled that instead of seeing any of it back, that it goes to line the pockets of the fatcat donor class.

 

Or, if they don't have to build campaign war chests every two years, maybe they could just do that anyway. Chicken and egg, but IMO, the money/purchase of policy is the biggest barrier to "accomplishing something".

 

Or corporate America's power to buy policy, by most measures, bad policy for average Americans.

 

There is likely going to have to be some means testing as well. Lot of fighting about how to do it but if we are going to get serious about reforms, a sliding scale on how much wealthier Americans receive will be part of the negotiations.

 

Not even close to the same thing. Is car insurance like a pension plan that you pay money all your working life into?

Try working on your analogies...

 

The people who are contributing to social security are subsidizing the disabled, elderly and those in poverty. This is how a society works. You can't "opt out" of paying for this.

 

Social security is, at it's heart, insurance against starving to death. "In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance (OASDI)"

A society will always have to provide for those in poverty. If you can't see the need to pay for old folks to survive who outlive their savings for instance, you are an evil person.

 

What does that even mean

 

You’re $30T in debt. You saved nothing. You paid nothing in. I am paying for your luxury and will for decades.

 

Sure you "can." Before/in place of gov't, people/society cared for the disabled, elderly, and poor through family, community, and charity. Gov't does not hold a patent on "welfare." The issue is not whether a decent society cares for those in need - the question is what is the more efficient and fair platform to do so. For me, I believe more in the goodness of the people than I do a federal bureaucracy - with acknowledgment that a mixture of both is probably necessary.

 

This is what SS is supposed to be a safety net. Instead fdr created the first major disaster for future generations. We will be gone by the time it really hits our future generations. But very few would have a problem with this. We could cut FICA taxes back to close to their original amount (probably not quite all the way as there have been changes that would have dictated some increases to as the economy changed).

SS started at 1% for the employee and 1% for the employer on a max taxable of $3K. It stayed that way for 12 years (max taxable longer). We now tax at 6.2 times the amount on a max taxable that is more than double what inflation would have it be.

We need to get back to around 3% on a max taxable of around $100K if I were guessing on numbers. With that we need to take care of the disabled and those without the means to take care of themselves. SS should not be something one wants to get. It should be something to protect one if needed. An actual security blanket. Not an extra vacation or two because one paid into it.

It will take time (decades) to get it where it should be. But sadly it will not happen because too many people (majority dem and pub) view it like it appears you do. Something you are owed. This is the reason fdr is in the argument for worst president ever!

***One of the major factors in the destruction of the family unit can be traced to SS imo...people relying on government instead of family***