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Posted on 04/01/2026 2:34:49 PM PDT by artichokegrower
When someone says a retiree is "living off Social Security," it's not usually $100,000 a year. But some U.S. retired couples will be receiving that much in a few years - and a proposal to cap their benefit at that amount has started a painful and much-needed conversation about who should get government benefits and how much.
(Excerpt) Read more at sacbee.com ...
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Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
Lucy and the football.
I could only wish my SS was $100K/yr.
$100,000 isn’t as much money as it used to be.
Meanwhile, there are government “workers” and politicians who receive 3 or 400 thousand dollars a year for “pensions” which they’ve never paid into.
No, no cap.
It’s 13% of OUR compensation that the government pocketed simply because it could.
I remember a line in the movie Uptown Saturday Night: "I don't make no twenty thousand dollars a year!"
In 1974, $20K was fat money.
That's about 4k per month per couple. Not that hard to hit especially if you retire past the normal age.
The cap on benefits is just another scam. If they do this, the cap will get lower and lower, or inflation will make it effectively so, and eventually you'll have one individual receiving payments with millions of others being denied.
And all those SS employees will remain in place.
If I was making $100,000 on SS, I would have more money than I would know what to do with.
“Got retired county employees in my area with $300,000 plus pensions.”
The SS limit they are talking about is $50k/person, NOT $100k.
Exactly. If they cap the payout they should cap the payment.
And not “retroactively.”
It’s not a benefit.
Its a forced retirement savings plan.
If you’re getting $100k out you put a helluva lot in.
The people who get $100,000 paid far more taxes than the average person to get that amount and get far less return on what is contributed than the typical recipient.
It’s basically a 1% ROI, if everything goes right. Probably a negative return on investment.
What is proposed is theft.
I support the cap.
- because we need to abolish the rotten thing.
People’s money according to what they paid should go into individual accounts; returned back to them in good faith. Social Security is nothing but a scheme to make government grow bigger. It has no other true function.
Abolish Social Security.
Not $4k per couple. $4K per person.
🤔 government benefit🤔
If I had kept and invested my and my employer’s contributions and invested them like I did my 401K, I would have $192,000 a year to live on.
Instead, they stole my money and spent it on welfare queens and Mexicans, and I get $30,000 in Social Security.
STOP THE STEAL!!!
They must be paying a lot of IRMAA surcharges on Medicare premiums. Add social security benefit, plus RMD on your 401k, that can easily go over the IRMAA thresholds. They claim a small number of people pay IRMAA, but seems like more and more people will be paying it soon.
It was a Ponzi scheme from the word go from a socialist -FDR. The elders in my family, New York business people, born in the early 1900s said SS was a disaster
At best
Then they brought in birth control, destruction of the family, and who is going to pay for the forced investment. We could have invested it ourselves but we weren’t allowed to. We were not even thought of, much less, born, when this scheme was enacted
The least anyone can do, the least, is quit referring to it as a benefit, and quit ascribing it to anyone born in the late ‘40s and beyond. Was not our dean it was that democrat FDR
Then go from there
But the government should have let it grow. Instead they used it. They are terrible custodians of our money
They cut social security benefits once when they began taxing them.
It is an unconstitutional program and should be phased out.
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