To: SeekAndFind
If the cuts are permanent, how do we fund the 1/2 of SocSec that comes from workers’ incomes?
6 posted on
08/08/2020 9:15:23 PM PDT by
Dr. Sivana
(There is no salvation in politics)
To: Dr. Sivana
What if you want to pay in to Social Security?
10 posted on
08/08/2020 9:48:53 PM PDT by
Lisbon1940
(No full-term Governors (at the time of election))
To: Dr. Sivana
“If the cuts are permanent, how do we fund the 1/2 of SocSec that comes from workers incomes?”
I believe that SS comes from the general fund. There isn’t a special account. Since I don’t qualify for SS (I lived outside the US for 30 years and didn’t put anything into it) I don’t really care but it seems that is what I was told years ago.
13 posted on
08/08/2020 9:54:35 PM PDT by
Fai Mao
(There is no justice until The PIAPS is legally executed)
To: Dr. Sivana
It would be all of Social Security (and Medicare). Not only would the workers not have to pay payroll taxes, but neither would the employers.
And that’s a damn good question: how do you pay for those social programs without payroll taxes? It really is financially irresponsible. I can already see prices rising at the grocery store.
14 posted on
08/08/2020 9:56:05 PM PDT by
be-baw
To: Dr. Sivana
Social Security cuts? NYC and others are helping that by killing off the old sick people with the virus.
To: Dr. Sivana
Everything is paid through the velocity of the dollar.
32 posted on
08/09/2020 7:38:31 AM PDT by
eyedigress
(Joe, put your mask on!)
To: Dr. Sivana
"If the cuts are permanent, how do we fund the 1/2 of SocSec that comes from workers incomes?"
Do you
REALLY BELIEVE that it'll be PERMANENT ?
It's not about Social Security.
It's about
TEACHING the American Citizen Worker just how much of their earnings are taxed . When they see
that income in their pay checks and get to spend that additional
12.4% (TWELVE POINT FOUR PERCENT), they'll be very upset with the DemocRATS for taxing them too much.
Do you think the DemocRATS will ever hear the end of it from their voters, once that temporary tax relief hits their wallets and they spend some of it ?
Now as for
funding Social Security, don't you know that it all goes into the General Revenue ?
When the short-fall comes in Social Security, the government will fund it like they fund everything today.
They just print more money out of thin air.
The only people buying U.S. Treasury bills, notes, and bonds today is the U.S. government; hence they're printing money out of thin air.
41 posted on
08/09/2020 8:13:03 AM PDT by
Yosemitest
(It's SIMPLE ! ... Fight, ... or Die !)
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