i wonder if our social security future wouldn't be so bleak

[brianmanahan]

if there hadnt been 56 million abortions since 1973?

since there would be a lot of people age 41 and under to pay SS tax

 

[mrjminer]

And 20 years after that?

 

[Texashiker]

if there hadnt been 56 million abortions since 1973?

since there would be a lot of people age 41 and under to pay SS tax

Why do you think the government wants to legalize millions of illegal immigrants? We are not having enough kids.

56 million abortions, but the government wants to legalize over 20 million illegals. Someone needs to pay the debt our government has built up.

If a given population is not having enough children to sustain a certain amount of population growth, and sustain a certain amount of taxation, the gap has to be filled by immigration.

Instead of picking who we want to enter the nation, just open the flood gates to low wage workers and criminals who are fleeing central America.

 

[Jaskalas]

if there hadnt been 56 million abortions since 1973?

since there would be a lot of people age 41 and under to pay SS tax

And 20 years after that?

Even MORE people! Ponzi schemes need indefinite growth. Thus they are guaranteed to fail at some point.

 

[Engineer]

if there hadnt been 56 million abortions since 1973?

since there would be a lot of people age 41 and under to pay SS tax

You're making the assumption that those people would all have jobs.

 

[mrjminer]

Even MORE people! Ponzi schemes need indefinite growth. Thus they are guaranteed to fail at some point.

Surprisingly, I came across something a while ago that said Ponzi schemes actually are sustainable when I was looking up information about the Herbalife stuff. I don't know how accurate it was, but it concluded that they are sustainable, but almost the entire current population of the world had to sign up.

 

[NTMBK]

The Earth can't sustain endless population growth. We need to build an economic model which isn't driven by headcount.

 

[nehalem256]

Think how much higher oil prices would be with 56 million more Americans consuming it?

 

[WHAMPOM]

Ponzi scheme? When 45 years working funded maybe 10 years of retirement. Oh wait! Average life spans are more than that now! Just put an expiration date on your birth certificate and wait for the death squads to collect. 70 should do don' t you think? Who will sign up?

 

[Vic]

Even MORE people! Ponzi schemes need indefinite growth. Thus they are guaranteed to fail at some point.

Unless people stop having children entirely, social security is never going to run out of "investors. "

 

[Moonbeam]

Think how much higher oil prices would be with 56 million more Americans consuming it?

This is how ridiculous you are: Oil prices would be next to nothing if there were 56 million more people than now because of greater demand creating increased supply. Good supply decreases price.

 

[Exophase]

Even MORE people! Ponzi schemes need indefinite growth. Thus they are guaranteed to fail at some point.

This is just like peasants having ten children who are put to work on the farm at age 5. Some countries seem to still have this mentality too. America would probably have much worse problems than maintaining social security if we had a couple billion people...

 

[fskimospy]

Why do people think social security has a bleak future?

 

[fskimospy]

Even MORE people! Ponzi schemes need indefinite growth. Thus they are guaranteed to fail at some point.

Social security isn't a Ponzi scheme, and no social security doesn't need infinite growth.

 

[Jaskalas]

Unless people stop having children entirely, social security is never going to run out of "investors. "

1. The replacement fertility rate is roughly 2.1 births per woman
2. The United States has dropped below the replacement rate.

Our native population is NOT increasing. Literally the only source of population increase in the United States is from immigration. Any program that requires future growth also requires immigration, or it will no longer be solvent.

 

[DrDoug]

i wonder if our social security future wouldn't be so bleak...

if there wasn't a cap on taxable earnings.

 

[Jaskalas]

Social security isn't a Ponzi scheme, and no social security doesn't need infinite growth.

The number I've got in my head is 30% increase per generation, but I'm still looking for confirmation on that.

 

[manimal]

The correct answer is means test.

 

[theeedude]

if there wasn't a cap on taxable earnings.

:thumbsup:
But let's ignore the obvious solution and pretend that SS is doomed.

 

[Darwin333]

if there wasn't a cap on taxable earnings.

Removing the cap on taxable earnings would also mean removing the cap on max payouts.

 

[Darwin333]

The correct answer is means test.

Why should only a select few people who paid into a program and were promised a return be screwed over?

 

[soulcougher73]

We don't have enough jobs for the current pop. No need to add 56 million more on some kind of government hand out.

 

[Jhhnn]

if there hadnt been 56 million abortions since 1973?

since there would be a lot of people age 41 and under to pay SS tax

There would just be a lot more people unemployed, thanks to the much revered Jerb Kreators!

 

[WackyDan]

You're making the assumption that those people would all have jobs.

That is the rub. When you look at who is having the abortions, it is doubtful that those children would have all been productive members of society.

Same for the illegal immigrants flooding our country... They are not contributing in any large scale to our entitlements and are only putting a drain on our education system, health care, law enforcement and social services (yes, their anchor babies receive benefits paid to the illegal parent guardians).

 

[Exterous]

Social Security's future is not bleak. It is relatively easy to fix. Far greater of a concern are Medicare\Medicaid costs along with Long Term Disability costs

Why do people think social security has a bleak future?

They don't bother looking at the facts?

Removing the cap on taxable earnings would also mean removing the cap on max payouts.

Not necessarily although that would be likely seen as the more 'fair' option. Removing the cap on tax will fix the issue. Removing the cap on taxes and payouts will fix most of the issue according tot eh SSA.