I don’t know what people are expecting here. There is no way we can pay the money due to people without a tax increase or a major cut in benefits. If I had to pay in for 40 plus years so some other schmoe can get a check then damn skippy I want it back.
Either that or let me out now and they can keep it and we’ll call it even.
A current tax increase will not solve future social security problems. A current tax increase will be spent currently.
I’d like out. The government sells SS as an insurance policy, but it’s a tax and as such what you pay in isn’t what you get out. It’s proportional from what I understand, but you pay for the current generation of beneficiaries, not for yourself. AND it’s forced, not a choice made by the person to whom the benefits and costs go.
I expect them to raise taxes, or change the terms IN 10 YEARS when out flow begins to exceed income. Until then, we could even CUT payroll taxes and come out better of.
Again, its to nobody’s benefit to tax more than is needed and wasting the excess on garbage programs. Raising Payroll taxes now just exacerbates the problem.
I was told 30 years ago not to expect Social Security. I believed it then. Is still do.
Wrong. Private Accounts.
Sounds like a plan to me.