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Chris christie his social security plan effect 80k a year plan eliminated?
mike255
Apr 16, 11:11
SS for retirement needs to be eliminated entirely
islander
Apr 16, 11:46
*vehement disagreement*
DTravel
Apr 16, 12:45
"Vehement"? Uh oh!
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islander
Apr 16, 13:24
Yup. And I'm going to leave it at that.
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DTravel
Apr 16, 14:05
WOW YOUR part of the PROBLEM saying some Privileged words like that - so you want people to slave till they die?
aleksthegreat
Apr 16, 12:45
lol I'm working class. I just wonder if there's a better way
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islander
Apr 16, 13:27
raising the retirement age would be a good place to start
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Moviesnob
Apr 16, 13:28
+1 It's the entire root of the problem at this point. Too many people living too long with not enough young people to contribute
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BSmurf
Apr 16, 15:45
only because of the Baby Boomer wave. when Gen X retires and Gen Y is still in the workforce, the numbers will be flipped
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professor smartbrain
Apr 16, 17:31
But not if the whole system is bankrupt due to the "low" benefits age vs increasingly extended lifetimes.
BSmurf
Apr 16, 22:51
Social Security isn't nearing "bankruptcy" any time soon
professor smartbrain
Apr 16, 23:24
I think you've got to take responsibility for retirement planning away from employers and put it in the hands of employees.
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RogerMore
Apr 16, 14:31
they did that by moving workers off of defined-benefit pension plans into 401(k) and IRAs. it's been a uniform disaster
professor smartbrain
Apr 16, 16:41
But that's because the policy settings were wrong, not because the principle was. Opt-in? Boo! Really, contributions should be opt-out or
RogerMore
Apr 16, 17:33
raise the cap on the amount of earnings that are taxed for SS purposes. Right now, only the first $118,500 are taxed for future benefits.
professor smartbrain
Apr 16, 15:48
Alex I agree completely with your 1st paragraph. You got a little heavy handed in the 2nd para, but I mostly agree with that too
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JDolphin
Apr 16, 13:43
Actually, his first para is factually wrong. 24% of taxes go to funding social security with a further 8% to federal retirees and veterans
RogerMore
Apr 16, 14:15
Oh, if you're interested, there's another page on where state funding goes - though there's obviously a lot of variation from state to state
RogerMore
Apr 16, 14:21
Interesting site. I was assuming if they get rid of SS then they'll get rid of Medicare and the other Social Services
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JDolphin
Apr 16, 14:38
I think islander's point was that if you got rid of SS, people would respond by taking more responsibility for their retirement
RogerMore
Apr 16, 15:31
I don't know that it is "in the public interest that society has funded retirement". Its in the PI, that the retired population is able to
islander
Apr 16, 17:01
so they don't have to eat cat food, like the Great Depression
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professor smartbrain
Apr 16, 17:32
By "funded retirement" I don't mean redistribution. I mean that there's a system in place that ensures people's retirement is funded.
RogerMore
Apr 16, 17:38
but it's good to see someone agree that the 40 year redistribution of wealth from the bottom 90% to the top 10% needs to be reversed
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professor smartbrain
Apr 16, 18:26
effin moochers
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professor smartbrain
Apr 16, 15:46
Blame the young people are busy youtubers making money. They do not need a real job.
mike255
Apr 17, 16:06