Do Republicans mind at all that all the payroll taxes they supposedly "put into" for their SS will disappear?

Question

....they won't see dime one of this money they "put into" the system,

Does it bother them at all that all this money taken out of the little people's taxes just pays the mortgage on grama and grampa big buck's 750 grand home in Florida?

Steve. I know they are collecting more than they ever put in,
that's the problem,
raising the retirement age? AGAIN!, they raise it every several years!

Shrink: What I'm stating is do you think it's fair that all the money we put into payroll, we may never see?

Answer 1

This just isn't true.

The average person collects something like 2.5 times as much from social security as her or she puts in.

As for the solvency issue - it is easily solved with two small fixes. First, we need to raise the retirement age by a couple years. People are living longer than they have before, and so we need to index retirement age to average life expectancy to account for such changes. Additionally, we need to raise the income cutoff. Right now, a person only pays SS tax on about the first $80,000 of income, and after that pays nothing. We'll need to raise that level to reflect the rise in inflation, and then we'll need to index it for inflation.

Two changes, a little discomfort, and all our elders are assured of a basic level of dignity when they retire.

Answer 2

Hell No! Make the Bush tax RATES permanent, except for the child tax credits that fix it so that under-earning baby factories "get back": more than they put in. That is using the IRS as a welfare agency. It is not their job. Welfare payments are a state's business. Social Security is already broke, and to cut it's revenue will only bankrupt it quicker. The only "tax the rich" I might be in favor of is to remove the cap from FICA. Soc Sec needs to take in More money, not less. Unless and Until they come up with a better system. They can, but they will not any time soon. But the promise has been made to too many millions of folks for whom it is too late for them to make other arrangements. Do you think the average Obama-Bot who is earning $300 a week is doing anything with the one percent break (three bucks a week) besides buying lottery tickets? They will not miss it unless Obama goes out there and tells them that Republicans do not want their kids to have lunch money.

Answer 3

No, it bothers me more that the democrats blocked a way to keep SS growing for the little people last year, the one that Bush proposed was just like the ones the Dem's in congress enjoy. A partial privatization would have covered your gripe too, because no one else could use it. You know if the program was good enough for our congressmen it should have been good enough for the American people. And as for Grandma's 750 grand home ~ you will inherit it one day so let her use her SS as she sees fit.

Answer 4

Then let me invest my money on my own, but the left will need these funds to borrow from after 08, especially after they move the lowest tax base fro 10 to 15% thus moving 5 million low income back onto the tax rolls....(Amazing they complain about the upper 1% taxes but in their tax plan they don't tell you the poor will pay more than the last 6 years....

Answer 5

So is this a Republican problem, now? Why?

I think you are confused, btw. It is the Republicans who are saying SS will run dry after the boomers retire. It is the Democrats with different numbers, saying there's plenty of money.

Of course we aren't happy. Bush proposed a fix that didn't even get off the table.

EDIT: I think I answered your question, when I said we aren't happy! I am self-employed, which means I pay over 12% of my income into SS. I agree I will never see it. I agree it needs to be fixed. It should have become needs-based 20 years ago, when they knew it would run out. The AARP is too powerful to take on, without the Gen-X'ers (and younger) uniting. And most of us just want to legalize marijuana. And bash PAC's. We need to be forming our own!

Answer 6

Talk to the folks in government years ago who used SS money as a part of general revenue.

We paid in in good faith, government blew our money, now they can darn well find a way to pay what we were promised

Answer 7

Nope, it doesnt bother me because the DEMOCRAPS wouldn't let Bush fix it, its a broke system, and if you don't have money going to an IRA or some other vehicle for your retirement, then you can greet me at the door when your a walmart door greeter when your 80.

Answer 8

Yes, it bothers me. No one else in this society can legally run a Ponzi scheme like this, but the government can.

Well past time to privatize the system.

Answer 9

I'M NOT COUNTING ON SOCIAL SCAMURITY ANY HOW, No smart investor relies on government programs , especially one that spend your $$ and don't invest it.

We tied to fix it, Dem's through us under the bus again,

How did you feel when Clinton borrowed from SS to pay off the deficit?

Answer 10

I think you need a bigger stick to smack the hornets nest.

The current generation of retiree's are able to survive on their pensions and Social Security because they weren't completely exposed to the ill fated logic of the past 26 years of Conservative economic policies during their most prosperous early working years. The consequences of Bush's Medicaid/Care legislation figures are in, and it's unanimous--it's been a disaster to retiree's and a proven giveaway to the Pharmacueticals. Rich Foster--the man Bush fired for suggesting to give Congress the actual figures--was spot on after all. As the years go by I suspect that your assumption will receive the merit it deserves.