- Joined
- Sep 10, 2010
- Messages
- 38,198
- Reaction score
- 15,841
- Gender
- Male
- Political Leaning
- Other
YOU CANNOT ELIMINATE POVERTY! God...
Well, I guess you can - if you're a socialist/syndicalist. Are you?
Does popping the cap on upper level income earners mean they get more benefits?
NO. The benefit levels would be frozen where they are today plus inflation.
This is where half the name of the program comes into play. It is not an Individual Retirement Account or IRA meaning that what you put in is what you get out. Social Security is a societal wide program to benefit society as well as the individual enrolled into it. Thus the name SOCIAL as half of it. The rich may not get any additional income benefits from higher contributions but they gain tremendously in being able to live in a sustainable and hopefully prosperous society where Americans can live in dignity. That is a tremendous benefit to the wealthy.
So you're from the "Let them eat cake" school.
Good to know.
With the modified rate of return given Social Security, you'd be better off putting it in a low-interest savings account and leaving it to rot, let alone any sort of rational investment.
Now if a person never worked thus never put a dime into SS, what SS benefits do they get.
they can get ssi benefits, but fica taxes do not fund that portion of SS.
they can get ssi benefits, but fica taxes do not fund that portion of SS.
Within a family, a child may receive up to one-half of the parent’s full retirement or disability benefit, or 75 percent of the deceased parent’s basic Social Security benefit. However, there is a limit to the amount of money that can be paid to a family. The family maximum payment is determined as part of every Social Security benefit computation and can be from 150 to 180 percent of the parent’s full benefit amount. If the total amount payable to all family members exceeds this limit, each person’s benefit is reduced proportionately (except the parent’s) until the total equals the maximum allowable amount.
Now if a person never worked thus never put a dime into SS, what SS benefits do they get.
OK, then who funds that portion of SS?
Interesting. However, spouses who have never paid into the system are entitled to SS benefits beginning at age 62. Widows who have never paid into the system are entitled to SS benefits beginning at age 60.
Children of deceased or disabled workers:
(To age 18 if not in school; to age 19 if enrolled.) Disabled children will continue getting SS benefits for life.
I'm sure we would have just accepted the losses in the stock market crash and told seniors tough cookies. Lol
they can get ssi benefits, but fica taxes do not fund that portion of SS.
please google it yourself. thanks.
a huge copayment on all medicare starting at $300?
now, i'm not a nuclear physicist, but as i look at the amount of money that is spent on medicare.... and I compare that to the sum of $300.... the word that springs into my mind is not "huge". irrespective, prices for medicare-covered services need to rise.
incidentally, did you say that your source for this was a friend said his doctor told him - as opposed to actually being able to cite it?
gosh, what would have happened had that been the case?
oh wait, we don't have to wonder.
It isnt the 300 per person cpwill its that every single cut in ryans plan was a middleclass or cut for the poor..and then HUGE tax cuts for the richest americans and corporations...thats why it failed...i went to a town hall meeting with my congressman when he was trying to "SELL" the ryan plan...he got brutalized..
by mere questions that he floundered trying to answer...he had one more town hall to sell it...got hammered again...and gave it up
Do you know how ****ty SSI is?
that must be why Marco Rubio was so hesitant to mention it in his Senate race, eh? :roll:
old rules slowly apply alot less. sorry MediScarers.
Got it, it's funded by the tax payer, which those benefits that are not funded by FICA is nothing more than Welfare. Those benefits funded by FICA is measured by the amount you put in. So if you draw SS funded by FICA you were in the working pool, if you receive benefits from the tax payer your on Welfare.
Seniors need to pay more for Medicare.
They are statistically the most wealthiest, by age group.
It's a reverse progressive taxation scheme.
what should it do, make someone wealthy? we are talking about people who never paid anything in here.
we pay into medicare our whole lives as well, as a % of our income, don't we?
everything is funded by the taxpayer. and?
I know quite a few people on SSI, it provides for a poverty (I mean broke) lifestyle and unless you cheat the system, you will forever be on tons of supplemental government assistance.
If you're born with a birth defect that prevents you from earning any type of income, SSI barely keeps your head above water.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?