General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSS should definitely be reduced for younger generations
We havent screwed them over nearly enough yet with student loans and environmental disaster. Not to mention healthcare and housing costs. No, we need to REALLY twist the screws and make Social Security pay out less (even though it will already be lower because they earn less compared to inflation), and make it start later in life (even though life expectancy is actually going DOWN for them, so they already have less chance of collecting).
In case you didnt catch it, the subject line was
jimfields33
(16,542 posts)250K and we get another 10 years of no changes to social security.
yorkster
(1,609 posts)Yes. Raise the damn cap.
patphil
(6,328 posts)Right now it's at $160K.
FalloutShelter
(12,005 posts)roamer65
(36,752 posts)We are going to see reduction in benefits via inflation.
The Federal Reserve is simply going to create the dollars out of thin air to pay the benefits, unless we increase taxes.
magicarpet
(14,613 posts)The super rich and rich get a free ride on obscenely low taxes for decades upon decades and then the younger ones get stuck picking up their tabs.
jimfields33
(16,542 posts)regardless of dedications and other reductions. That should put our measly 5 trillion to 8 trillion next year.
CrispyQ
(36,727 posts)Lunabell
(6,184 posts)Let's raise the retirement age to 99! Those lazy 75 year olds can just go work at wallyworld!!
Snarkoleptic
(6,003 posts)weren't buying diamonds, houses, etc.
This while many had been choking on student loans, low wages, high rents, etc.
Glad to see Biden is turning the economy around to lift all boats.
jimfields33
(16,542 posts)Hermit-The-Prog
(33,969 posts)ExWhoDoesntCare
(4,741 posts)Did you forget about that part?
Midnight Writer
(22,029 posts)brokerages will get a 30% slice for investing the money, and the government will tax the earnings at 20%.
I know that makes it sound like the beneficiaries of the program are getting screwed, but that's not the case. Eventually all that extra money in the private sector will "trickle down" on them.