Anyone who has studied history should understand that government is the worst of all entities to protect your money. Social Security would not have even passed through the courts had it not been for the "Switch In Time That Saved Nine." In fact the SCOTUS gets a bit whacky with its precedents after FDR threatens to stack the courts.
I have some questions CP. Firstly, how are you to force people to pay 5% of their paycheck into a TSP like account?
Are you going to mandate it?
Secondly, employers are not going to pay 2.65%.
They are going to write those costs off to the consumer
In effect you are levying another tax.
I had a professor tell me roughly the same CP. I quickly asked him if we would be studying Locke and Rousseau or would he just be promoting a Hobbesian philosophy?
i view Hobbes as merely existing further down the pyramid of needs. we need a leviathan before we cans start worrying about individual liberty and limited governance.
Not sure I can agree with you. I look at Hobbes and I see Mussolini in his previous life. I will agree we need government to guarantee security, and I will agree that government is a necessary evil but it does not necessarily need to be as Hobbes viewed it.
Ax
Even that wouldn't come close to fixing SS. The trust fund deficit is $2t, while the unfunded liabilities are $17t.
When a poor uninsured person uses the ER and doesn’t pay, your out of pocket cost for the ER goes up and you insurance premiums go up. When a drunk driver totals his and another’s car, you pay because the insurance company raises everybody’s rates. When a coworker screws something up (CEO or assembler) you pay because you work there (you might have been on the platform), or you fish the gulf, or you buy gas, or of if you bought BP stock before the blowout. (I bought after the blowout, sold a while ago, did great.) Yup, you pay for people that make stupid decisions in life all the time, and more than you think. I was pissed when I figured that out.
What you fail to realize is that the poor and helpless didn't have the lucky breaks you and the other cold fish had. Finding jobs isn't about education. It's about being at the right place at the right time, the right kind of experience, and the right kind of boss.
It isn't about your decisions, a willingness to work, or how hard you look for a job. It's about how many lucky breaks you get along the way.
Think back to when you got your first job and you'll see what I mean.
There but for the twists of fate go thou...
ricksfolly
The simple way to do this is just change the retirement age. When Social Security was passed, the average life expectancy was 62, whereas now it's 70. We're paying for 8 more years of retirement than was intended.
Of course luck has a lot to do with how successful someone is. It may be impossible to overcome very bad luck.
Luck, fate, karma, chance, destiny or kismet has power no one can resist.
As Plutarch wrote centuries ago...
Fate leads him who follows it and drags him who resists.
ricksfolly
The obvious problem is that if enough people opt out of Social Security, you won't have the money on hand to pay those who've already paid into it, making for a bunch of very angry senior citizens who will seize their dentures and pitchforks, march on Washington, and leave a wake of rubble and destroyed buildings - okay, I'm getting carried away here, but you get the idea.
Plutarch was incorrect. People (dogs too) are independent actors restrained by situation and moment. There are choices.
Memory of what we did or didn't do in similar situations triggers our response.
Your post, for example, triggered my response.
ricksfolly
The Fool says it is not right that people on welfare and social security have to do without.
I am for privatization of Social Security or having private accounts for each individual. I am tired of paying for dead beats with out jobs that are multigenerations on welfare, or illegals getting an "anchor" baby and living on social security. If you didnt put a pay check into your bank account then when you want that bag of chips you would not be able to purchase it. It is the same concept. Someone getting something for nothing. Also why would the idiot in the white house want to raise their standard of living to match lower middle class. These people work for a living and strive to make ends meet and save a little and Obama The Fool says it is not right that people on welfare and social security have to do without. HELLO its called get a job and save up.
Ok lets get this right okThere are some deadbeats on SS disability no doubt there are some illegal immigrants therefore some getting something for nothing.
However, the lionshare of people on Social Security Paid it their entire lives.
Ill use myself as an example: I am 63 yrs old, I got my working papers at 12 yrs old. I have worked on the books all my life. I was FORCED into Social Security, I was given no choice to invest that money elsewhere, the govt took it from my paycheck every week religiously. Ive paid into social security for 47 yrs. Im not a deadbeat, a bum or a freeloader...Just an american who worked all his life and paid in to social security and paid all my taxs...and I still am.
Most SS recipients are a reflection of ME...not those you described.
I am for SS reform but none of the solutions tha have been put forward yet by Dems of Gop
Ok lets get this right okThere are some deadbeats on SS disability no doubt there are some illegal immigrants therefore some getting something for nothing.
However, the lionshare of people on Social Security Paid it their entire lives.
Ill use myself as an example: I am 63 yrs old, I got my working papers at 12 yrs old. I have worked on the books all my life. I was FORCED into Social Security, I was given no choice to invest that money elsewhere, the govt took it from my paycheck every week religiously. Ive paid into social security for 47 yrs. Im not a deadbeat, a bum or a freeloader...Just an american who worked all his life and paid in to social security and paid all my taxs...and I still am.
Most SS recipients are a reflection of ME...not those you described.
I am for SS reform but none of the solutions tha have been put forward yet by Dems of Gop
What really needs to be done is to take SS out of the general fund, start paying back those IOUs, and quit paying out the money to people who didn't pay into the system.
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?