Mission Impossible: ET to fix Social Security

[traderjb]

What about expanding the social security tax? Isn't 6.2% (and matching equivalent) taken from the first $106,800? For the self-employed, I believe it's 15%. Everything beyond that is not taxed. Why not get rid of that limitation?

 

[MattF]

Mehhh. Kill off SS in x years...grandfather those into it now, the rest you are SOL.

The way it should be.

Problem solved.

 

[pitz]

Quote from MattF:

Mehhh. Kill off SS in x years...grandfather those into it now, the rest you are SOL.

The way it should be.

Problem solved.

No way! The people who would be 'grandfathered' into the system are the ones who paid the least into the system, and acted the most irresponsibly in setting up the system in the first place.

If anything, they should suffer the most, because they were the ones out voting for this sort of nonsense, electing fiscally irresponsible governments.

 

[jagadish]

• Ban futures trading on oil world-wide.
• Provide free public transportation.
• Tax, Regulate or Subsidize OPEC.

 

[PocketChange]

no need to worry the problem was fixed in late 2008 when our Government bought AIG to privately insure social security
/sarcasm/

 

[CaptainObvious]

Use social security tax for social security payments and nothing else. Problem solved. That's the polite way of telling congress to stop stealing the money. Fat chance of that. Social Security has always taken in more than it pays out, which is about to change, hence the problem with lack of funds. However, as usual, the real problem is congress and theft.

 

[sumfuka]

Be more aggressive when declaring wars. After winning whatever war SS then owns all rights of the defeated nations people and land. SS can then sell those assets to the highest bidder to fund itself. When SS becomes profitable, stall war plans.

 

[Scataphagos]

Quote from T_Geithner:

if you fall out an airplane what can you do to save yourself? can others do something to help save you, maybe, but why should they specially if you have been trying to fuck their lives for the last several decades?

so I say print USDs, and even more USDs until you shrink the value of a trillion dollars to what 100B dollars is worth today, and even at that point don't stop printing

That would BANKRUPT 99+% of the US population. How is that a solution?

 

[Scataphagos]

Quote from sumfuka:

Be more aggressive when declaring wars. After winning whatever war SS then owns all rights of the defeated nations people and land. SS can then sell those assets to the highest bidder to fund itself. When SS becomes profitable, stall war plans.

Over the last 150 years, we've been involved in many a conflict... wars, some of them. But we've never seemed to grasp the concept.

We go to war to "stop somebody from doing something"... we spend our money, sacrifice our lives, spend even more money to rebuild the place... then we just leave when the fighting's done.

If we're going to go to the expense of a war, we should be (1) capturing the conquered's assets and (2) subjugating their people to our service (at least pay taxes). We haven't done either of these things... plus, we've given 1000 TIMES more $$ to allies and the those in need... yet, much of the world hates us.... FARKIN' INGRATES!

 

[Index piker]

Quote from CaptainObvious:

Use social security tax for social security payments and nothing else. Problem solved. That's the polite way of telling congress to stop stealing the money. Fat chance of that. Social Security has always taken in more than it pays out, which is about to change, hence the problem with lack of funds. However, as usual, the real problem is congress and theft.

That's hilarious, would have made sense 20 yrs ago.

afaik SS is due to shortly be at a shortfall net receipts in vs out, IOW it's time for the money to flow from general fund to SS unlike the past 40 yrs.