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The Welfare State
- Thread starter tradersboredom
- Start date
We are going to have a depression globally.
It will start here and in the U.K. OFFICIALLY, but in reality, it's already begun in emerging economies.
It will start here and in the U.K. OFFICIALLY, but in reality, it's already begun in emerging economies.
there is a simple solution. it only takes political will. means test social security. have an honest discussion on spending 30% of medicare dollars in the last years of a seniors life.
Quote from vhehn:
there is a simple solution. it only takes political will. means test social security. have an honest discussion on spending 30% of medicare dollars in the last years of a seniors life.
Implementing means testing is outrageous if there is no option to opt out of Social Security. Essentially, you will be telling some people to "contribute" to the system even though they will never see a penny of their money.
Quote from KrispyKreme50:
Implementing means testing is outrageous if there is no option to opt out of Social Security. Essentially, you will be telling some people to "contribute" to the system even though they will never see a penny of their money.
It's called tax. They will just rename the contribution as tax and means test at the other end.....like most pensions in other countries.
Quote from Trendytrader:
It's called tax. They will just rename the contribution as tax and means test at the other end.....like most pensions in other countries.
why would they rename it? tax is an unpopular word.
in any case these numbers have no basis in reality. they are based upon low rates of inflation. since payments are adjusted for inflation the deficiency will be even greater.
these kind of conditions precipitated runaway inflation in South America.
Quote from vhehn:
there is a simple solution. it only takes political will. means test social security. have an honest discussion on spending 30% of medicare dollars in the last years of a seniors life.
how about an honest discussion on medicaid dollars and the lifestyles that drain the system. perhaps people who overdose on drugs should not get any government aided treatment
there is a simple solution. the US needs to become fiscally responsible in every area of its economic life. will it happen? doubtful.
americans are soft and are irresponsible pain avoiders. europeans are not any better.
social security should be an insurance program. many people pay for insurance they never use.Quote from KrispyKreme50:
Implementing means testing is outrageous if there is no option to opt out of Social Security. Essentially, you will be telling some people to "contribute" to the system even though they will never see a penny of their money.