New Social Security bill

[Fred's Myth]

Had an argument with a man years ago who was angry that anyone, disabled included, who were getting anything from SS but not retired. Said SS was created for and was only supposed to be for retirees. Not so. Look into it. Obama abused the program. There are people gaming the system. But SSI is a legit program for people who with a little extra are managing to survive. If a person is 35, legally blind, can't get a job, and his SS disability is $650 a month, what do we do? Tell them to go die? They aren't getting rich. Not even getting more than a few hundred dollars extra with SSI. But with that, Section 8 housing, food stamps, they can get by. We should be focused on getting the abusers and fraudsters out of the program, but we can be a decent society by taking care of those in true need.

“It was Title II that was the new social insurance program we now think of as Social Security. In the original Act benefits were to be paid only to the primary worker when he/she retired at age 65. Benefits were to be based on payroll tax contributions that the worker made during his/her working life.” Social Security History.

 

[rickyb]

That very high percentage rate only kicked in at very high income amounts. Adjusted for inflation a person could earn millions a year before the highest bracket would kick in and take what was it, 90%, above that amount.

great! lets bring it back!

 

[rickyb]

That very high percentage rate only kicked in at very high income amounts. Adjusted for inflation a person could earn millions a year before the highest bracket would kick in and take what was it, 90%, above that amount.

satanic security

 

[vantexan]

“It was Title II that was the new social insurance program we now think of as Social Security. In the original Act benefits were to be paid only to the primary worker when he/she retired at age 65. Benefits were to be based on payroll tax contributions that the worker made during his/her working life.” Social Security History.

Way back when. By the time I had that argument with that fellow SS Disability and SSI were long ago established programs. And when SS was originally established it was nowhere near the program it is now. And I mean that in the best way.

 

[vantexan]

great! lets bring it back!

How many people do you think that 90% bracket would affect?

 

[fishtm2001]

Tell the New York Times that Social Security Is Not About to Disappear

Polls always show that many people, especially young people, don’t expect to see their Social Security benefits. I have been writing on this stuff long enough that many of the same young people who told me 30 years ago that they would never see their benefits, are now collecting Social Security...

cepr.net

 

[Box Ox]

Tell the New York Times that Social Security Is Not About to Disappear

Polls always show that many people, especially young people, don’t expect to see their Social Security benefits. I have been writing on this stuff long enough that many of the same young people who told me 30 years ago that they would never see their benefits, are now collecting Social Security...

cepr.net

"Polls always show that many people, especially young people, don’t expect to see their Social Security benefits. I have been writing on this stuff long enough that many of the same young people who told me 30 years ago that they would never see their benefits, are now collecting Social Security."

Public debt U.S. 2023 | Statista

 

[rickyb]

"Polls always show that many people, especially young people, don’t expect to see their Social Security benefits. I have been writing on this stuff long enough that many of the same young people who told me 30 years ago that they would never see their benefits, are now collecting Social Security."

Public debt U.S. 2023 | Statista

View attachment 483415

turn this graph upside down and you will get taxes on the rich.

defense spending went from 500 b in 1980 to 850 now adjust for inflation.

 

[Box Ox]

defense spending went from 500 b in 1980 to 850 now adjust for inflation.

World Bank Open Data

Free and open access to global development data

data.worldbank.org

 

[Thebrownblob]

World Bank Open Data

Free and open access to global development data

data.worldbank.org

View attachment 483418

Oops poor @rickyb

 

[rickyb]

World Bank Open Data

Free and open access to global development data

data.worldbank.org

View attachment 483418

its gone up adjusted for inflation. you can cut it to afford more productive investments like SS.

and social security?

 

[Thebrownblob]

its gone up adjusted for inflation. you can cut it to afford more productive investments like SS.

and social security?

View attachment 483420

But if we don’t make and sell bombs, and export war we cannot keep our currency manipulation