Posted on 05/26/2024 11:33:21 AM PDT by SeekAndFind
Fix it by removing the bend points. I should not pay in twice as much and fear 15-20% than anther person.
Yes and that’s what
ObamaScare was
designed to do
Yes
(END THE EARNINGS CAP)
🔝🔝🔝
QFS will correct the problem.
The GOP loves playing bean-counter and green-eyeshade accounting-scold for America’s profligate prog-marxist schemes.
Its been the GOPs main role in DC since at least the 1960s.
One way to start fixing it is to stop using it as a piggy bank fund for government schemes.
Illegals working under bogus SS numbers will never see a dime of what they’re paying in. The Feds know this and are fine with being able to keep 30 something billion a year-off the books.
Will Americans want to pay the price increases that will some with deporting illegals and raising wages for Americans? There was much outcry about the fast food minimum wage increase in California.
I always thought the fix was in from the start with ponzi schemes.
“Raising taxes is not a solution because business pays half the tax as it stands now.”
The true economic incidence of the FICA payroll tax is entirely on workers since it is passed on in the form of lower wages.
“Privatization is THE ONLY reasonable answer.”
George W. Bush proposed partial privitization in the early 2000s, with a plan similar to the current Federal retirement plan. It involved a “three-legged stool” comprised of (1) individually managed private 401-k contributions; (2) continued but drastically reduced Social Security contributions (and reduced future Social Security benefits); and (3) contributions to (and future benefits from) a Federal pension fund invested in a mix of Treasury bonds and equities. The third part was the most controversial, understandably. In any case, the proposal was DOA.
At some future time, the cap on taxable income for Social Security contributions will have to be either eliminated, as it is now for the 2.9% of earnings that go to Medicare, or increased substantially. At current FICA tax rates and maximum earnings base, there simply isn’t enough future FICA revenue to pay for promised benefits.
Stop handing it out to people who did not pay into it.
A Day with Mexicans? I think they’ll celebrate.
Great suggestions, every one of them.
Sadly, what we lack is the backbone and vision among our elected officials to make it so.
No money for non-citizens who did not pay into the system.
I am totally opposed to #3
You’ve topped me, only 44 for me.
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