[jimh406]

I guess if there was a huge partisan support, then it must've been the right thing to do.

I think you mean bipartisan, but any way, I don't think decisions have been proven to be right if they are bipartisan.

 

[Don G Baldi]

As the original "source" for this conversation the abject bias of their "hard hitting" reporting surely seems to be pertinent.

Took me and others time to understand the misinformation being shared by this not so funny version of the Onion.

So better to discuss the story source than the substance. Got it.

 

[jlg]

Social security was never meant to be a pension, it's a safety net. If I was king I'd remove the income limit on the ss deduction and eliminate capital gains exemption on income taxes until the ss trust fund is fully funded and solvent again, then start on the national debt.

Once the debt is gone, take a breather and then solve everything else.

It's always easy to spend (tax) someone's else money. The reality is that higher income individuals are already severely disadvantaged by the benefit formula. I'd have to look up the details. But the first 1,100 or so of your 35 year inflation adjusted monthly income is replaced at 90%. But above something like 7,000 it replaces 15%. There is a step between but my point is clear.

Social Security is already a giant income transfer/welfare program funded by the middle class.

This is also why the recent change is an unfair give away to government employees. Their mixed employment means they will fall much more into the high replacement brackets. That's why it was put in place originally. Don't let the smoke and mirrors fool you.

 

[Don G Baldi]

It's always easy to spend (tax) someone's else money. The reality is that higher income individuals are already severely disadvantaged by the benefit formula. I'd have to look up the details. But the first 1,100 or so of your 35 year inflation adjusted monthly income is replaced at 90%. But above something like 7,000 it replaces 15%. There is a step between but my point is clear.

Social Security is already a giant income transfer/welfare program funded by the middle class.

This is also why the recent change is an unfair give away to government employees. Their mixed employment means they will fall much more into the high replacement brackets. That's why it was put in place originally. Don't let the smoke and mirrors fool you.

Totally agree with SS being a welfare program. Always was, is, and will be. And I also agree that the SS formulas severely disadvantage higher income people. However, it's not only government retirees that were affected by the Windfall Provision, it was also railroad workers and employees of overseas employers that provide a pension plan. Basically any retiree that had both SS covered and noncovered employment (including self employment) during their working life. I disagree that removing the Windfall Provision is an unfair giveaway but a leveling of the playing field. Guess it's a matter of perspective.

 

[ChinookSlayer]

I think you mean bipartisan...

Thanks for the correction.

 

[loper]

So start a thread on how much worse the next administration will be compared to the last 4 years. Complaining about Epoch's parentage has nothing to do with the topic.

So sayeth The Oracle 🤓

 

[chuck combs]

Just Eliminate all the changes that they've added since 1935 when it only paid out to the primary worker. not people that have not paid in.

 

[Califbill]

Just Eliminate all the changes that they've added since 1935 when it only paid out to the primary worker. not people that have not paid in.

Yes and no. My grandparents were on SSI as they were farmers and not covered. Good for the government. But, my sister-in-law is English. She brought over her parents and were put on SSI. Totally FUBAR. Also, talking to guy a few years ago, he complained that the immigrants next door were put on SSI and payment was more than the minimum SS payment his wife received.

 

[Don G Baldi]

In other SS news, without changes retirees will get hit with a 21% benefit cut in 2033 when the burns through its reserves.

 

[jlg]

Totally agree with SS being a welfare program. Always was, is, and will be. And I also agree that the SS formulas severely disadvantage higher income people. However, it's not only government retirees that were affected by the Windfall Provision, it was also railroad workers and employees of overseas employers that provide a pension plan. Basically any retiree that had both SS covered and noncovered employment (including self employment) during their working life. I disagree that removing the Windfall Provision is an unfair giveaway but a leveling of the playing field. Guess it's a matter of perspective.

It's not those with high incomes it hurts, it's the middle income folks who are hurt.

 

[Big Unit]

You can thank joe biden, in 1984 he championed the bill to tax ssi payments.

 

[Waterfish]

Bot!