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

[Newell Steamer]

TIL Pro-Lifer = cheerleader & recruiter for the taxman.

 

[Texashiker]

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

Isn't that how taxation works?

Would you agree to cap a maximum amount on a sales tax? What about an income tax? Buy a $75,000 car, sales tax is capped at a certain amount.

Caps on taxation benefit the rich.

 

[nehalem256]

The correct answer is means test.

So in other words if you wisely saved for retirement FUCK YOU!!!!

Yeah, what could possibly go wrong with that plan

 

[IronWing]

Remove the earnings cap, cap payouts, and subject capital gains to SS taxes. Problem solved in a straight forward, transparent fashion.

The real solution that has been in progress for decades: understate inflation rate, inflate away liabilites. Problem solved.

 

[fskimospy]

Seriously, Social Security is fine. Can anyone provide some hard numbers from an objective source that backs up this 'bleak' future?

 

[Texashiker]

Seriously, Social Security is fine. Can anyone provide some hard numbers from an objective source that backs up this 'bleak' future?

It is not "just" social security, it is the other stuff that goes along with it, such as medicare.

 

[phillyTIM]

Our Social Security future wouldn't be bleak at all, had Bush not spent $6 Trillion dollars (estimated with actual cost+interest by Year 2053) of our taxpayer dollars in Iraq.

Especially considering that the UK, the 2nd highest contributor, only spent $9 Billion dollars of their money.

 

[fskimospy]

It is not "just" social security, it is the other stuff that goes along with it, such as medicare.

Medicare and social security are two totally different things. Additionally, Medicare has issues only insofar as our entire health care system has issues. So far those look to be improving quite substantially in recent years.

 

[Texashiker]

Medicare and social security are two totally different things.

I know that.

But the two programs go hand-in-hand.

 

[Exterous]

Would you agree to cap a maximum amount on a sales tax? What about an income tax? Buy a $75,000 car, sales tax is capped at a certain amount.

Caps on taxation benefit the rich.

Its a bit different in terms of SS. Sure there is a cap on the taxes but there is also a cap on the benefits so its not like they are getting benefits they didn't pay for. The idea was that someone making above the cap shouldn't need the safety net of SS

 

[Nebor]

The OP's thinking is a slippery slope. It leads to an expectation to have children (but how many?) We're already seeing single men subsidizing others through school taxes and "Obamacare" rates. How far off are the bachelor taxes of ancient Rome?

 

[fskimospy]

The OP's thinking is a slippery slope. It leads to an expectation to have children (but how many?) We're already seeing single men subsidizing others through school taxes and "Obamacare" rates. How far off are the bachelor taxes of ancient Rome?

I'm pretty sure that most single men:

1.) Went to school.
2.) Will eventually become old.

 

[Texashiker]

Its a bit different in terms of SS. Sure there is a cap on the taxes but there is also a cap on the benefits so its not like they are getting benefits they didn't pay for. The idea was that someone making above the cap shouldn't need the safety net of SS

Guy buys a BMW, pays more taxes and drives on the same highway I do.

Paying more taxes does not grant someone extra privileges.

 

[Exophase]

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.

Another subtle flaw with the argument presented by the OP is that the birthrate would have stayed exactly the same without those abortions. Someone getting an abortion at 16 is more likely to plan for childbirth at 22 than had they not gotten the abortion.

 

[nehalem256]

I'm pretty sure that most single men:

1.) Went to school.
2.) Will eventually become old.

(1) And their parents paid school taxes to pay for it.
(2) And men pay more into SS(higher wages) and collect for shorter periods of time(die younger)
(3) Nice avoidance of the obamacare issue

 

[nehalem256]

Another subtle flaw with the argument presented by the OP is that the birthrate would have stayed exactly the same without those abortions. Someone getting an abortion at 16 is more likely to plan for childbirth at 22 than had they not gotten the abortion.

Well it also doesn't take into account the aborted children having any subsequent children.

Even if abortions only result in shifting childbirths to a later age it still increases the number of taxpayers-to-retiree ration by increasing the generation length.

 

[Nebor]

I'm pretty sure that most single men:

1.) Went to school.
2.) Will eventually become old.

I think that must have been a purposeful evasion of my point.

 

[fskimospy]

I think that must have been a purposeful evasion of my point.

No, it's telling you that I believe your logic is flawed. Single men are only paying more for education if you think the purpose of education taxes is to educate other adults' children to the adults' benefit as opposed to educating the children for their own. These single men were given the same free education as those others they are subsidizing today.

Health care economics are much more about the healthy subsidizing the sick. Chances are good all those single men will be old sick men someday.

 

[Nebor]

Chances are good all those single men will be old sick men someday.

Chances are they won't. There's already been plenty of studies showing the disproportionate costs that men bear under the ACA health plans. You can spin it as "the healthy supporting the sick," but it's just like every other social program, with those who produce the most and consume the least supporting those who produce the least and consume the most.

 

[fskimospy]

Chances are they won't. There's already been plenty of studies showing the disproportionate costs that men bear under the ACA health plans. You can spin it as "the healthy supporting the sick," but it's just like every other social program, with those who produce the most and consume the least supporting those who produce the least and consume the most.

I would suggest you look at the relative cost burden of the healthy vs. the sick as opposed to the men vs. the women. There's some spin going on here perhaps, but it's definitely not from my end.

 

[Nebor]

I would suggest you look at the relative cost burden of the healthy vs. the sick as opposed to the men vs. the women. There's some spin going on here perhaps, but it's definitely not from my end.

Why would I do that? I want this to be about men vs women.

 

[WackyDan]

Our Social Security future wouldn't be bleak at all, had Bush not spent $6 Trillion dollars (estimated with actual cost+interest by Year 2053) of our taxpayer dollars in Iraq.

Especially considering that the UK, the 2nd highest contributor, only spent $9 Billion dollars of their money.

Considering we were already in debt how does the new debt really change the picture on SS? Answer: It doesn't.

Not defending Bush and the debt either, but come on.

 

[Orignal Earl]

Why would I do that? I want this to be about men vs women.

Your bisexual right.
Your potential cost would probably even be higher then a womans