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" Social Security to not exist when you get old," that's totally self defeating. There are simple adjustments that can be done to make it viable long term. But
by maxxxxx 8y ago
" Social Security to not exist when you get old,"
that's totally self defeating. There are simple adjustments that can be done to make it viable long term. But there are quite few people in DC who desperately want it to fail to show that government is no good.
- jimmy1 8y ago> . But there are quite few people in DC who desperately want it to fail to show that government is no good. And there are quite a few others that want to expand it to cost even more, so they refuse anything beside perfection to achieve meaningful compromise.
- ishjoh 8y agoSocial Security is so popular that either party trying to cut benefits will be voted out at the next election, especially if the other party runs on restoring it. So instead of cutting benefits to those currently receiving it, instead there will be a call to increase the retirement age. This is already happening in Denmark where the retirement age will be 67 by 2022 and after 2030 could be increased 1 year every 5 years.
- maxxxxx 8y agoRaising the retirement age is probably the only way to keep things going. People used to retire in their 60s and died in their 70s. Now they live up to 90 and more. Simple math tells us that this is not sustainable.
- Dylan16807 8y agoIf we got rid of the income cap on the tax it would make an enormous difference. Let alone the idea of income over a certain amount having to pay a larger percent...