“screw ‘em”
There is a good chance they’ll tell you the same thing.
Where will that leave you?
That would leave me a victim of generational theft brought about by the greedy...
Perhaps it is time to take the discussion away from those that are and did pay, and turn it to those that did not and do not pay...
socialist security needs to be phased out, but to cut off those that paid into it and say “Sorry pal” would take an entire generation and turn them out into the streets ( not an exaggeration, but a for real thing ) because a whole host of people did not prepare, but spent all they had banking on s.s.
I find that way of thinking irresponsible at best, but this is the fact..
It needs to be phased out over time, and it can be done without creating a generation of people that spent their lives working, only to be put out onto the streets..
here is a starting point..
1) all benefits, present and projected, are frozen, no cola, no raises, just frozen...
2) People aged 50 and up will recieve all frozen benefits, but will have their s.s. taxes jacked up..and the reason for this is simply a lack of time to save enough to replace the s.s. income they paid into for over 40 years..
3) people 40 to 50 would see a slight increase in their s.s. taxes, and would recieved reduced benefits. The monetary “penalty” would be offset with larger tax advantages for saving and contributions to IRA/401K plans. They still have a fair amount of time to recover and plan.
4) people 30 to 40 would pay the same rate they do now, with even greater tax advantages for contributing to retirement..they would get a greatly reduced amount from s.s.
5) people 20 to 30 would pay a greatly lesser amount, and would get no s.s..... but they will get a very large tax advantage for contributing to retirement
6) people under 20, will contribute nothing, and will not get the “superduper” tax advantage.
this is my starting point. What do you think?