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(ABC)   Baby Boomers refuse to change law to make things better for younger generation, according to poll from the Center for Obvious Studies   (abcnews.go.com) divider line 242
    More: Obvious, social security, Americans, Social Security benefits, rich get richer  
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2773 clicks; posted to Politics » on 04 Nov 2013 at 8:28 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-11-04 07:29:21 AM  
I've decided to lay off the Boomers. Sure they have systematically drained the social safety nets their parents' generation created, demanded that college degrees become the required business norm then criminally raise tuition while cutting grants to the lowest point in history, creating a generation of debtors, and finally created a government that is so dysfunctional we lurch from crisis to crisis. But at least they taught us how to NOT run a country.

So I say, Thank You Baby Boomers. You're unquenchable greed has ensured that future generations of Americans will never be like you ever again.
 
2013-11-04 07:48:59 AM  
"I contributed to it. It's my money," said Joan McDonald, 65, of Annapolis, Md., who retired as an accountant this year and began collecting Social Security. "The plan was, 'Contribute this and you get this.' You can't change the rules."

At least not until I've gotten my full share. If there's nothing left after that, sucks to be you.
 
2013-11-04 08:23:35 AM  
Raise the age at which you can begin collecting full Social Security benefits? Older Americans say no. They also veto reductions in the cost-of-living increase.

They should say no. Neither of these would make things better for the younger generation, regardless of what the uber-wealthy concern trolls at FixtheDebt whine about.
 
2013-11-04 08:30:57 AM  

aimtastic: "I contributed to it. It's my money," said Joan McDonald, 65, of Annapolis, Md., who retired as an accountant this year and began collecting Social Security. "The plan was, 'Contribute this and you get this.' You can't change the rules."

At least not until I've gotten my full share. If there's nothing left after that, sucks to be you.


How dare those people refuse to accept less on something that they were guaranteed and they worked for their entire lives!  the nerve of them!  Who do they think they are, defense contractors?
 
2013-11-04 08:32:24 AM  
Brought to you by the "Me" Generation.
 
2013-11-04 08:32:34 AM  
How about raise revenues to make Social Security a more robust retirement system?
 
2013-11-04 08:33:03 AM  
The desire to imbibe alcoholic libations with a candidate is no basis for a system of government
 
2013-11-04 08:36:38 AM  
Subby and ABC seem to want to please Pete Petersen (right wing scumbag who made billions from hedge funds that caused the global collapse and now wants to use those bazillions to keep Granny from affording brand name dog food to eat). This blatant attempt to pit the olds against the youngs stinks to High Heaven. Divide and Conquer, and make sure both generations get screwed while the rich get to raid Social Security.++++++++++++++++++++++++++++++++++++++++++++++++
 
2013-11-04 08:37:47 AM  

Dusk-You-n-Me: Raise the age at which you can begin collecting full Social Security benefits? Older Americans say no. They also veto reductions in the cost-of-living increase.

They should say no. Neither of these would make things better for the younger generation, regardless of what the uber-wealthy concern trolls at FixtheDebt whine about.


This. Raising the age and cutting COLA is stupid. SSI isn't going to go broke and it's not f*cking welfare, it's f*cking insurance.
 
2013-11-04 08:37:48 AM  
I'm actually on board with not raising the age and raising (or eliminating) the cap. The latter is the only thing 'wrong' with social security.
 
2013-11-04 08:40:35 AM  
Poll: Older Americans Nix Social Security Changes


Poll: "Now that you have no savings after the crash, your 401K is a joke, and your pensions have been made extinct, can we slash the pitiful amount of Social Security you have left and starve you?"

And the "greedy geezers" voted that they do not want to be starved.

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2013-11-04 08:40:49 AM  
History will be as unkind to the Boomers as Boomers have been to their posterity. They have been terrible stewards.
 
2013-11-04 08:41:27 AM  

Notabunny: How about raise revenues to make Social Security a more robust retirement system?


Pass a law that makes the lives of ordinary people better? SOHSHULLIZZIM!
 
2013-11-04 08:41:35 AM  

Thats No Moose: I'm actually on board with not raising the age and raising (or eliminating) the cap. The latter is the only thing 'wrong' with social security.


But don't you know, if you increase taxes successful people will stop working!  Why do you want to punish success?
 
2013-11-04 08:41:38 AM  

verbaltoxin: Dusk-You-n-Me: Raise the age at which you can begin collecting full Social Security benefits? Older Americans say no. They also veto reductions in the cost-of-living increase.

They should say no. Neither of these would make things better for the younger generation, regardless of what the uber-wealthy concern trolls at FixtheDebt whine about.

This. Raising the age and cutting COLA is stupid. SSI isn't going to go broke and it's not f*cking welfare, it's f*cking insurance.


What if we just paid into it until the day we retire, like we're supposed to do w/ our 401Ks?
 
2013-11-04 08:41:48 AM  
Can we just *ahem* "grandfather" some older people in?  Say, 45+, no changes, but raise the age for those younger?  I know it wouldn't be much of a dent, if any at all, but baby steps.

Serious question, haven't done the research.
 
2013-11-04 08:44:04 AM  
I don't get it. I was born in 1950. I'm supposed to be a "Boomer", and love Reagan, and believe all this shiat. I don't.
I'm ON Social Security, and I know it has to be reformed.
It's a macabre thing to have to contemplate, but the fact that people are going to be living long in such great numbers is going to require some changes to the original model, and as to which measures, i would say: all of the above. Salary cap, means testing, delay retirement (use carrots instead of sticks if possible), and reform the way COLA is calculated. It has to be done, and there is no reason we boomers should get a pass on it.
Shiat people - I'm not "selling out my generation" here - we have to be realistic, and practice disciplines like simple arithmetic.
Every dime that gets spent on SS is a dime that can't be spent extending Medicare to more of the populace, too - and I'm in favor of that, though many disagree, I know.
 
2013-11-04 08:45:20 AM  

ten foiled hats: Can we just *ahem* "grandfather" some older people in?  Say, 45+, no changes, but raise the age for those younger?  I know it wouldn't be much of a dent, if any at all, but baby steps.

Serious question, haven't done the research.


Social security isn't going broke.  Removing the cap will guarantee the solvancy far longer than raising the age or capping benefits.
 
2013-11-04 08:46:05 AM  
I am so sick of this Obamacare/SSI bashing crap. The Republicans, insurance companies, and the media have gotten the public completely turned against it. If America wants it gone, then get rid of it. I am a 1%er and I think Obamacare/SSI is a wonderful idea. I will be fine either way. So at the end of the day, I don't care. I HAVE MINE.

I say give America what they want and what they deserve. 30 more years of trickle down. It's worked so well.
 
2013-11-04 08:46:14 AM  

ten foiled hats: Can we just *ahem* "grandfather" some older people in?  Say, 45+, no changes, but raise the age for those younger?  I know it wouldn't be much of a dent, if any at all, but baby steps.

Serious question, haven't done the research.


Because why should my generation have to suffer because the greedy boomers consider taxes to be evil
 
2013-11-04 08:47:02 AM  
I'm repeating myself, but how about public employee-style pensions for everyone?

Pension + Social Security + 401(k) = a secure retirement
 
2013-11-04 08:47:08 AM  
From the Greatest Generation to the Greediest Generation
 
2013-11-04 08:47:47 AM  

ten foiled hats: Can we just *ahem* "grandfather" some older people in?  Say, 45+, no changes, but raise the age for those younger?  I know it wouldn't be much of a dent, if any at all, but baby steps.

Serious question, haven't done the research.


They aren't talking about kicking anybody off SS, or cutting their benefits. They are talking about changing the rules of eligibility for future recipients, and reforming the way COLA is calculated - which might slightly reduce the rates that my SS benefits will go up. That's not too big a bullet to bite in my opinion.
 
2013-11-04 08:49:03 AM  

ten foiled hats: Can we just *ahem* "grandfather" some older people in?  Say, 45+, no changes, but raise the age for those younger?  I know it wouldn't be much of a dent, if any at all, but baby steps.

Serious question, haven't done the research.


How about no.

Realtive income has gone down over the last 30+years while the FICA cap has held firm.  If you want Social Security to be solvent, raise contributions by fixing the income inequality crisis.  People make more, they pay in more.  Fixed.
 
2013-11-04 08:49:50 AM  
FTFA:  But a poll finds support among those 50 and older for raising the cap on earnings that are taxed to fund the Social Security program so higher-income workers pay more.

Why is there an earnings cap on social security contributions?  Why are the people most capable of carrying the burden not held to the same standard as everybody else?  Everyone who works for a living and makes just enough to get by pays on 100% of their income, why can't the wealthy?

I'm all for reforming the outlays of social security to adjust to modern times, but once again we're focusing on spending and ignoring a gross disparity on the revenue side.
 
2013-11-04 08:49:59 AM  
Step 1: Ruin economy with your greed so that the next generation can't get jobs
Step 2: Call the next generation lazy because they can't get jobs
Step 3: Die of old age and make the country a better place just because you're gone


When can we start getting to step 3 already
 
2013-11-04 08:50:11 AM  
Stop cutting off SS contributions at such a low level of total salary.
Make everyone pay for every dollar they are paid.

/And pay means salary, stock options, any compensation.
//my contribution would go up
 
2013-11-04 08:50:52 AM  
Perhaps subby didn't see the CBO report which notes raising eligibility age wouldn't save as much as the cost of a single federal government shutdown from the Tea Party idiots in Congress. Or perhaps subby just prefers lining the pockets of money managers instead of being able to buy food when they're no longer able to check receipts at Wal Mart. Not that checking receipts at Wal Mart will help, because the food stamps which support Wal Mart employees being able to eat will also probably be cut by then.

Perhaps we should all just become sexagenarian prostitutes in the red light district.
 
2013-11-04 08:51:18 AM  
If someone told you that the government was going to seize $15,000.00 from your 401k you'd think it was a cut.

1.bp.blogspot.com

How much time would Chained CPI buy us?


2.bp.blogspot.com

A whopping two years. Link

"We have to cut your benefits to save your benefits" doesn't pass the smell test. This is a bad idea and is completely unnecessary.
 
2013-11-04 08:52:54 AM  
As a member of Gen X, I have no problem with this.

/eat the rich
 
2013-11-04 08:53:09 AM  

jso2897: I don't get it. I was born in 1950. I'm supposed to be a "Boomer", and love Reagan, and believe all this shiat. I don't.
I'm ON Social Security, and I know it has to be reformed.
It's a macabre thing to have to contemplate, but the fact that people are going to be living long in such great numbers is going to require some changes to the original model, and as to which measures, i would say: all of the above. Salary cap, means testing, delay retirement (use carrots instead of sticks if possible), and reform the way COLA is calculated. It has to be done, and there is no reason we boomers should get a pass on it.
Shiat people - I'm not "selling out my generation" here - we have to be realistic, and practice disciplines like simple arithmetic.
Every dime that gets spent on SS is a dime that can't be spent extending Medicare to more of the populace, too - and I'm in favor of that, though many disagree, I know.


If you're really on Social Security, then you are very well aware of the living nightmare it is to try to make ends meet in dire levels. In most cases, it's impossible to afford

-- Food
-- Rent
-- Medical care

At the same time. You can skip meals and risk starvation, or you can skip heating bills and risk freezing in your sleep one night, or not get enough prescriptions and make your health worse. It's like trying to survive on $900 a month or less while your minimal rent in a fairly decent small apartment is $700, your utilities are $50, and your prescription co-pays are $300.

But filthy rich billionaires like Pete FARKING Petersen (again I must point out, made his fortune on the bubble that caused the economic crash a few years ago that wiped out nearly everyone else stock portfolios and forced them to fall back on Social Security in order to survive) thinks that people on Social Security can make do with even less, even though he obviously spends more just on his power lunch in one day than most Soc. Sec. recipients get in a week.

There's something truly obscene where one rich guy has more say in our government than millions of poor people.
 
2013-11-04 08:53:56 AM  

jso2897: I don't get it. I was born in 1950. I'm supposed to be a "Boomer", and love Reagan, and believe all this shiat. I don't.
I'm ON Social Security, and I know it has to be reformed.
It's a macabre thing to have to contemplate, but the fact that people are going to be living long in such great numbers is going to require some changes to the original model, and as to which measures, i would say: all of the above. Salary cap, means testing, delay retirement (use carrots instead of sticks if possible), and reform the way COLA is calculated. It has to be done, and there is no reason we boomers should get a pass on it.
Shiat people - I'm not "selling out my generation" here - we have to be realistic, and practice disciplines like simple arithmetic.
Every dime that gets spent on SS is a dime that can't be spent extending Medicare to more of the populace, too - and I'm in favor of that, though many disagree, I know.


Raise the cap. Anything else takes money from the pockets of those who already paid in. The fact is, a lot of boomers didn't save or lost their nest egg, so SSI will be more vital than ever.

Another thing that could help is if we could,  you know, open up some better paying jobs for our middle class and stop selling our democracy by the pound to megacorps.
 
2013-11-04 08:54:09 AM  

CPennypacker: Step 1: Ruin economy with your greed so that the next generation can't get jobs
Step 2: Call the next generation lazy because they can't get jobs
Step 3: Die of old age and make the country a better place just because you're gone


When can we start getting to step 3 already


I can't wait to see the hash of things your generation will make.   Oh, wait, all your failures will be the boomer's fault, won't it?
 
2013-11-04 08:54:32 AM  

imontheinternet: FTFA:  But a poll finds support among those 50 and older for raising the cap on earnings that are taxed to fund the Social Security program so higher-income workers pay more.

Why is there an earnings cap on social security contributions?  Why are the people most capable of carrying the burden not held to the same standard as everybody else?  Everyone who works for a living and makes just enough to get by pays on 100% of their income, why can't the wealthy?

I'm all for reforming the outlays of social security to adjust to modern times, but once again we're focusing on spending and ignoring a gross disparity on the revenue side.


You know why. Wealthy.
But if we are really going to reform SS, there is going to be something in the package that everybody is going to hate. And the one that the rich folks are going to hate is the end of the salary cap, and the application of SS tax to capital gains earnings. They aren't going to like that - but hen, poor people aren't going to like the raising of retirement age and the limitations to COLA.
Pain for all, is my motto!
 
2013-11-04 08:57:56 AM  

jso2897: t

They aren't talking about kicking anybody off SS, or cutting their benefits. They are talking about changing the rules of eligibility for future recipients, and reforming the way COLA is calculated - which might slightly reduce the rates that my SS benefits will go up. That's not too big a bullet to bite in my opinion.


Let's put you in a  room where instead of getting all the air you need to survive, we only allow you to have 50% of the air you need. You try to hold your breath and take large gasps to make it count, but it's obviously stacked against you, and you're going to go into oxygen starvation soon no matter what you do.

Then, as you start to black out, some billionaire struts up to the mic in the other room and tells you that you need to have 10% less air now and he's going to reduce the oxygen some more.

THAT is what it's like to be on Social Security these days.
 
2013-11-04 08:59:25 AM  

Graffito: I can't wait to see the hash of things your generation will make. Oh, wait, all your failures will be the boomer's fault, won't it?


We won't be able to.

The boomers are dead set on destroying America, and they'll accomplish it.

/why don't you just get a summer job for college
//because tuition no longer costs $5,000 a year to go to Stanford.
///And you only learn in college what you SHOULD have learned in high school.
 
2013-11-04 09:00:01 AM  

Graffito: CPennypacker: Step 1: Ruin economy with your greed so that the next generation can't get jobs
Step 2: Call the next generation lazy because they can't get jobs
Step 3: Die of old age and make the country a better place just because you're gone


When can we start getting to step 3 already

I can't wait to see the hash of things your generation will make.   Oh, wait, all your failures will be the boomer's fault, won't it?


Make? The boomers sent all the manufacturing jobs overseas
 
2013-11-04 09:00:27 AM  

Notabunny: I'm repeating myself, but how about public employee-style pensions for everyone?

Pension + Social Security + 401(k) = a secure retirement


401K? Yeah. Good luck with trusting all your money to those weasels.

Pension? Tell the folks who used to work for Hostess how safe & secure pensions are these days.
 
2013-11-04 09:01:01 AM  

Graffito: CPennypacker: Step 1: Ruin economy with your greed so that the next generation can't get jobs
Step 2: Call the next generation lazy because they can't get jobs
Step 3: Die of old age and make the country a better place just because you're gone


When can we start getting to step 3 already

I can't wait to see the hash of things your generation will make.   Oh, wait, all your failures will be the boomer's fault, won't it?


Why dwell on a possible future when we have a tangible present? Our failures will be our fault. But the mess we're in now certainly isn't.
 
2013-11-04 09:01:22 AM  

jso2897: You know why. Wealthy.
But if we are really going to reform SS, there is going to be something in the package that everybody is going to hate. And the one that the rich folks are going to hate is the end of the salary cap, and the application of SS tax to capital gains earnings. They aren't going to like that - but hen, poor people aren't going to like the raising of retirement age and the limitations to COLA.
Pain for all, is my motto!


I suspect that many wealthy people wouldn't care if they didn't collect SS.  It will be the FOX-driven outrage that kills the means testing.   Think of the "death panels" tactic.  They will have Joan Crazylady from Bumfark, PA believing that mean-testing will cut her benefits.

Remember, the ultimate republican goal is to get rid of SS, not save it.
 
2013-11-04 09:01:40 AM  
Did subby skim the article a bit too quickly?

Current and Imminent beneficiaries are against changes that would have low impact on them but would more significantly impact their children when they retire (Chained CPI), assuming they lived long enough to reach an ever increasing retirement age. They also view raising the income cap to improve revenue into the Social Security fund, so it will actually be there in more than a couple of decades.

Pretty much all of that is for the benefit of people a long way from retirement.
 
2013-11-04 09:04:03 AM  

TV's Vinnie: jso2897: I don't get it. I was born in 1950. I'm supposed to be a "Boomer", and love Reagan, and believe all this shiat. I don't.
I'm ON Social Security, and I know it has to be reformed.
It's a macabre thing to have to contemplate, but the fact that people are going to be living long in such great numbers is going to require some changes to the original model, and as to which measures, i would say: all of the above. Salary cap, means testing, delay retirement (use carrots instead of sticks if possible), and reform the way COLA is calculated. It has to be done, and there is no reason we boomers should get a pass on it.
Shiat people - I'm not "selling out my generation" here - we have to be realistic, and practice disciplines like simple arithmetic.
Every dime that gets spent on SS is a dime that can't be spent extending Medicare to more of the populace, too - and I'm in favor of that, though many disagree, I know.

If you're really on Social Security, then you are very well aware of the living nightmare it is to try to make ends meet in dire levels. In most cases, it's impossible to afford

-- Food
-- Rent
-- Medical care

At the same time. You can skip meals and risk starvation, or you can skip heating bills and risk freezing in your sleep one night, or not get enough prescriptions and make your health worse. It's like trying to survive on $900 a month or less while your minimal rent in a fairly decent small apartment is $700, your utilities are $50, and your prescription co-pays are $300.

But filthy rich billionaires like Pete FARKING Petersen (again I must point out, made his fortune on the bubble that caused the economic crash a few years ago that wiped out nearly everyone else stock portfolios and forced them to fall back on Social Security in order to survive) thinks that people on Social Security can make do with even less, even though he obviously spends more just on his power lunch in one day than most Soc. Sec. recipients get in a week.

There's something ...


That's why I said we should eliminate the salary cap, and apply SS taxes to capital gains. No one,s benefits (IMHO) should be cut - and as far as recalculating the COLAs - with modern data processing, they can be recalculated to meet current inflationary trends on the fly. I don't see fighting COLA reform as a wise fight to pick.
Just my two cents.
 
2013-11-04 09:05:23 AM  

Graffito: jso2897: You know why. Wealthy.
But if we are really going to reform SS, there is going to be something in the package that everybody is going to hate. And the one that the rich folks are going to hate is the end of the salary cap, and the application of SS tax to capital gains earnings. They aren't going to like that - but hen, poor people aren't going to like the raising of retirement age and the limitations to COLA.
Pain for all, is my motto!

I suspect that many wealthy people wouldn't care if they didn't collect SS.  It will be the FOX-driven outrage that kills the means testing.   Think of the "death panels" tactic.  They will have Joan Crazylady from Bumfark, PA believing that mean-testing will cut her benefits.

Remember, the ultimate republican goal is to get rid of SS, not save it.


I wasn't talking about means testing - I don't know - would it save enough revenue to make it worth the political price?
I'm not opposed to it, as such.
 
2013-11-04 09:08:57 AM  

fluffy2097: Graffito: I can't wait to see the hash of things your generation will make. Oh, wait, all your failures will be the boomer's fault, won't it?

We won't be able to.

The boomers are dead set on destroying America, and they'll accomplish it.

/why don't you just get a summer job for college
//because tuition no longer costs $5,000 a year to go to Stanford.
///And you only learn in college what you SHOULD have learned in high school.


Warlordtrooper: Graffito: CPennypacker: Step 1: Ruin economy with your greed so that the next generation can't get jobs
Step 2: Call the next generation lazy because they can't get jobs
Step 3: Die of old age and make the country a better place just because you're gone


When can we start getting to step 3 already

I can't wait to see the hash of things your generation will make.   Oh, wait, all your failures will be the boomer's fault, won't it?

Make? The boomers sent all the manufacturing jobs overseas


I rest my case.   I have a low tolerance for self-pity (in myself and in others.)
 
2013-11-04 09:09:31 AM  
The Boomers and we should say no. The only "fix" that makes Social Security better for everyone is raising taxes. Raising the age of retirement just farks us, and means testing will not catch enough people. The Boomers are right about this one. Raise the god dam cap all ready you pants shiatting retards.

Or don't. Honestly I don't care, my plan for retirement is armed robbery and dieing a hail of bullets.
 
2013-11-04 09:09:54 AM  
jso2897:

I wasn't talking about means testing - I don't know - would it save enough revenue to make it worth the political price?
I'm not opposed to it, as such.


Means testing Social Security would transform it into a universal coverage system into just another welfare program.

And we all know how Washington DC wants to "end welfare as we know it".

If you're on Social Security, do you really want to be told that your benefits will expire in five years, and if you're still alive after that time, well tough sh*t you're on your own?
 
2013-11-04 09:09:55 AM  

jso2897: imontheinternet: FTFA:  But a poll finds support among those 50 and older for raising the cap on earnings that are taxed to fund the Social Security program so higher-income workers pay more.

Why is there an earnings cap on social security contributions?  Why are the people most capable of carrying the burden not held to the same standard as everybody else?  Everyone who works for a living and makes just enough to get by pays on 100% of their income, why can't the wealthy?

I'm all for reforming the outlays of social security to adjust to modern times, but once again we're focusing on spending and ignoring a gross disparity on the revenue side.

You know why. Wealthy.
But if we are really going to reform SS, there is going to be something in the package that everybody is going to hate. And the one that the rich folks are going to hate is the end of the salary cap, and the application of SS tax to capital gains earnings. They aren't going to like that - but hen, poor people aren't going to like the raising of retirement age and the limitations to COLA.
Pain for all, is my motto!


Raising the retirement age as people live longer makes sense to me.  That's a fair way to lower spending.  But, I don't think the Democrats should move an inch until the Republicans break free from the lunatics running the party and get to a position where they can negotiate a grand bargain in good faith.
 
2013-11-04 09:10:15 AM  

jso2897: I wasn't talking about means testing - I don't know - would it save enough revenue to make it worth the political price?
I'm not opposed to it, as such.


I guess I should have also including removing the income cap on contributions.
 
2013-11-04 09:10:55 AM  

Target Builder: Did subby skim the article a bit too quickly?

Current and Imminent beneficiaries are against changes that would have low impact on them but would more significantly impact their children when they retire (Chained CPI), assuming they lived long enough to reach an ever increasing retirement age. They also view raising the income cap to improve revenue into the Social Security fund, so it will actually be there in more than a couple of decades.

Pretty much all of that is for the benefit of people a long way from retirement.


Yes, but the Farkkk narrative is that all Boomers are this guy:
i18.photobucket.com
And you're supposed to hate and click, hate and click.
Nothing personal - strictly business.
 
2013-11-04 09:11:52 AM  

pueblonative: Thats No Moose: I'm actually on board with not raising the age and raising (or eliminating) the cap. The latter is the only thing 'wrong' with social security.

But don't you know, if you increase taxes successful people will stop working!  Why do you want to punish success?


Because Macro economic studies have shown that you could raise the top marginal income rate to 70%, before any adverse economic effects would happen. The mythical Laughter Curve is below 70% and you are too far to the left above 70% and you are too far to the right.
 
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