**Who are you to determine how much someone needs per month? I will get $5K+ per month if I wait until 70 to claim Social Security, and I earned it. And I’d like my money back.**
I like you. Please wait till’ age 70 so you can get your money back-JUST THAT. Don’t sponge off he millennials for more as they got their own money issues.
**Within the next few years Congress will fix the Social Security and Medicare shortfalls. They will do it mainly by raising payroll taxes and ending the payroll tax cap on high earners. They may even toss in a value added tax. And means testing might also be in the mix. Neither republicans or democrats will vote against it.**
As I’ve said retirees will be sponging off millennials and congress will be taking the cowards way out. Millennials don’t vote like gummers who have nothing else to do.
Trump accounts. Where is that sweet spot where the public finds out how much better the accounts will be and SSI allowed to wither on the vine? Let the old folks die off. Money going out will stress the system until the last one’s gone. That’s why my target date is when the last baby boomer turns 100. That’s 2064. Like open borders it’s the democrats that got us into this mess. Since billionaires are mostly democrats I’d go for that wealth tax once every 10 years-that’s 4 highway robberies 10 years apart. Make them feel like Eric Swalwell/Platner. Then the bigdaddies can be cut off after they got what they put in-it’s fair enough. Should any budget surplus go into the (lock box) fund? Perhaps. Young folks who don’t vote should continue paying into SSI. Punish them for not paying attention.