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Only there's now bi-partisan recognition that SS is insolvent and something must be done. The left wants to increase taxes and remove the cap, who knows how far
by TheBeardKing 10y ago
Only there's now bi-partisan recognition that SS is insolvent and something must be done. The left wants to increase taxes and remove the cap, who knows how far they could get to taking that if the populist Sanders side takes over, and the right wants to reduce benefits and/or privatize. If the stagnation keeps up until retirement, I guess they'll just quit writing checks.
- cmurf 10y agoSocial Security insolvency is a myth. https://www.ssa.gov/OACT/ProgData/fyOps.html https://www.ssa.gov/OACT/ProgData/fyOps.html https://www.nasi.org/research/2016/social-security-finances-findings-2016-trustees-report https://www.nasi.org/research/2016/social-security-finances-... The risk to a stable society (the purpose of Social Security, which is part of its name) is essentially zero by raising the cap. The risk is substantial by either reducing benefits or privatizing. And I know this because the instant the conversation goes down this road the contra agent devolves to this: I will pick a pocket first, and shoot grandma in the head second, before this nonsense of reducing benefits or privatization. Benefit reduction, a risk of which is endemic to privatization (grandma might become rich, or she might get kicked out of her apartment, who is to say except the glory of the free market), is objectively more unethical than either picking pockets or shooting old people.