Posted on 10/25/2024 7:10:56 PM PDT by SeekAndFind
It’s so completely pathetic.
1-stop pissing away our wealth on illegal aliens
2-stop pissing away our wealth on welfare
3-stop pissing away our wealth on Ukraine
4-stop pissing away our wealth on the UN
Don’t have to go any further than this.
Exactly.
If junkie Jezebel manages to steal the election in 2 weeks, SS will be gone and gee whiz just in time for me to collect it after paying into it since I was 13. She has every intention of putting the criminal foreign invaders she allows into the country to collect it, more like steal it.
The assumptions underlying these discussions are blatant lies.
There is no actual Social Security Trust Fund with any real money in it so there is no “trust fund” to “balance”.
Anyone who says different is lying.
Full stop.
Social Security is a pay as you go system.
Congress collects the taxes.
Congress pays the benefits.
They can change the law any time they want—for any reason they want—by any formula they want.
It can be rational or irrational—anything they want.
Full stop.
Any claim otherwise is a lie.
Alan Greenspan said it best about being able to “save” Social Security but the purchasing power of those benefits were questionable.
If they do, they're personal or "petty cash" and again, no FICA withheld.
American workers are supposed to be payin' in for their own retirement.
I wish more people understood this. I also wish more people understood that Social Security is an intergenerational wealth transfer program, not any kind of "insurance" or investment.
Correct.
The politicians of both parties for many decades have maliciously and intentionally told lie after lie after lie about this government program...
so of course most people believe the lies.
Most folks have real lives and are not going to waste their time researching this stuff.
(A friend of mine wrote a book about it decades ago so that is why I knew about it back then.)
The SS crisis is one of many consequences of the aborted generations.
The babies aborted at Roe v. Wade in 1973 would have entered the workforce around 1991.
Their children—assuming they “started early’—would have entered the workforce around 2009.
We are just a couple of years away from when the GRANCHILDREN of aborted of 1973 would be entering the workforce.
The dems and rinos passed the bill to give SS to illegals
who never paid into it.
sen.grahm was one of them (booo)
Also,no such thing as a SS Trust Fund.It went into general funds under lbj.
It is not an entitlement program. Employers and employees pay into a trust fund. I began telling people fifty year ago that the rate should be 8% for each, if you expected to pay the costs.
There is an IRS regulation under code section 412 that says an Enrolled Actuary may not use a funding method that pays for 99% of the benefits of a private pension plan. Yet somehow, it’s OK to fund less than 100% of Social Security benefits. Repeatedly.
The program transfers wealth between generations. Between different income levels. Depending on the assumptions, it’s racist and sexist and collarist.
The employer does not pay half the contribution in practice. The employer looks at what the employee provides, decides what they are willing to pay in total, and reflect the SS contribution when making an offer.
That would be a great start. Return it to original intent.
Yes!
It’s not impossible, but it does take the will to make it happen.
That includes politicians raiding every pot with a dime in it. Fat chance of that!
An audit of Social Security will probably reveal huge numbers of enrollees are not eligible. Them most recent example are the millions of illegal aliens added. Cleanse the rolls for starters, and you may well solve a big part of the problem.
“Employers and employees pay into a trust fund”
Meet the “trust fund”:
What Is Social Security?
www.investopedia.com/terms/s/socialsecurity.asp
That is like calling the Moon a planet.
You can do it if you want—but you might want to reconsider.
:-)
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