"The Social Security system as it stands cannot sustain itself in the face of demographic certainties unless we just give up and recognize it as a massive universal welfare system that will tax the hell out of younger people in the future."
By all accounts I have read, a 2-5 year rise in the retirement age, or a 1-2% rise in payroll tax, or bumping the 90,000 of income up to 120,000 of income pretty much assures solvency indefinately.
SS is not fundamentally broken, this is propaganda. It needs adjusting to refelect the change in demographics and retirement length and cost, but to say an adjustment is indicitive of the End Of The System, or it being fundamentally flawed is Chicken Little at best
and fearmongering, actually, to push an agenda.
D
Current Events » in reply to re: No big secret.
Tom hit the BS buzzer
The whole thread (75 posts)
- Serious Insecurities concerning Social Security 'Reform'
- My plan to reform Social Security
- Thats actually a pretty good idea, IMO
- If it "over-funds" the system, just cut the tax rate. Simple. (n/t)
- The system is currently overfunded as it is
- Not if it is to become a VESTED system with assets backing liabilities.
- re: The system is currently overfunded as it is
- I could live with that.
- Thats actually a pretty good idea, IMO
- Not to mention the dark secret that people are only just realizing..
- The only true fix for SS
- More to the point
- re: No big secret.
- Tom hit the BS buzzer
- So the fix is to simply confiscate more and more money?
- Further, they always claim that it must get worse and worse
- Bartleby the Scrivener
- Does anyone else see the political weirdness here?
- Not my problem, Tom, that you have a propensity for strawman arguments and distorting positions you disagree with
- More on the Amazing Vanishing Social Security Crisis
- The DNC choice to take the position that after all the years of claiming there was a crisis, now there isn't one, will not hold up. (n/t)
- again
- correction, misread something Tom said
- More on the Amazing Vanishing Social Security Crisis
- Not my problem, Tom, that you have a propensity for strawman arguments and distorting positions you disagree with
- Tom hit the BS buzzer
- What Ed said.
- Very good points
- My plan to reform Social Security