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miko33 Offline
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Post: #21
RE: Social Security News
(07-14-2017 06:07 PM)Attackcoog Wrote:  First---let me just say, Im not "one of those guys", but I do think the answer to all or at least some of the problem is easy. Legalize weed and tax it. All of the revenue goes to the Social Security System. There's basically not a better pain free option out there. I also agree wit paying SS on all income. I'd be with the rate falling to a lower level after the current top out point---but I think SS should be collected on all of the income. Those two changes alone probably put a huge dent in the SS underfunding issue. I'd also be fine with adding a penny to the national gasoline tax.

As social security is currently configured today, we need 2 key components to keep it viable for the next generation: 1) significant increases in job creation and 2) significant increases in legal immigration.
07-14-2017 08:18 PM
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Post: #22
RE: Social Security News
(07-14-2017 08:18 PM)miko33 Wrote:  
(07-14-2017 06:07 PM)Attackcoog Wrote:  First---let me just say, Im not "one of those guys", but I do think the answer to all or at least some of the problem is easy. Legalize weed and tax it. All of the revenue goes to the Social Security System. There's basically not a better pain free option out there. I also agree wit paying SS on all income. I'd be with the rate falling to a lower level after the current top out point---but I think SS should be collected on all of the income. Those two changes alone probably put a huge dent in the SS underfunding issue. I'd also be fine with adding a penny to the national gasoline tax.

As social security is currently configured today, we need 2 key components to keep it viable for the next generation: 1) significant increases in job creation and 2) significant increases in legal immigration.

1) w/o debate
2) w/o debate

it's gotta come from somewhere other than...................wait for it....................your 401k/roth.................tick tock tick fuckin' tock.....
07-14-2017 10:05 PM
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banker Offline
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Post: #23
RE: Social Security News
1. We need a balanced budget amendment. This will stop the continuing raids on SS -"IOUs".
2. We need to take the cap off of the SS tax on earned income. Not bragging, but historically I am done paying SS tax by May after bonuses come out if I had good performance in the previous year. I wouldn't mind if they continued to take out SS all year provided that the money actually went to the SS system. The system now has me paying the same amount of SS tax as a Wall Street CEO making 100 million a year.
3. Clear up the dang fraud in all the SS splinter programs (i.e. The disability side of the program primarily).
4. Cut, or freeze, Annual increases.
07-14-2017 10:22 PM
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hawghiggs Offline
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Post: #24
RE: Social Security News
1, No more government borrowing from SS.

2, No increase in monthly payouts.

3, Tax on all income.

4, Maximum monthly payout.

5, Incentivize contribution by allowing lower income earners to pay in 1-3% more to increase SS payout.

6, 2% Nationwide tax on Alcohol, Marijuana, and Tobacco sales. This would go directly to SS repayment.

7, 10% tax on work visas.

8, .001% tax on a Kilowatt of electricity generated. This would go into repaying SS and would end when debt is repaid.

9, 5% tax increase on all Oil and Natural gas exports. This would go into repaying SS and would end when debt is repaid.
07-15-2017 09:57 AM
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Owl 69/70/75 Online
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Post: #25
RE: Social Security News
(07-15-2017 09:57 AM)hawghiggs Wrote:  1, No more government borrowing from SS.
2, No increase in monthly payouts.
3, Tax on all income.
4, Maximum monthly payout.
5, Incentivize contribution by allowing lower income earners to pay in 1-3% more to increase SS payout.
6, 2% Nationwide tax on Alcohol, Marijuana, and Tobacco sales. This would go directly to SS repayment.
7, 10% tax on work visas.
8, .001% tax on a Kilowatt of electricity generated. This would go into repaying SS and would end when debt is repaid.
9, 5% tax increase on all Oil and Natural gas exports. This would go into repaying SS and would end when debt is repaid.

9 is unconstitutional. Others are worth discussing.
07-17-2017 09:03 AM
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DaSaintFan Offline
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Post: #26
RE: Social Security News
(07-14-2017 06:07 PM)Attackcoog Wrote:  Legalize weed and tax it. All of the revenue goes to the Social Security System.

Until someone jumps in and says.. you can't favor one system or another with this section of tax money.

Again, take a look at what's happened with lottery ticket sales. Most every state that allowed them specifically said it was to be set aside in their various "education" funds.. What happens? The money ends up in the general funds for the various states where everyone and anyone can get their hands on it.

Quote:I also agree wit paying SS on all income. I'd be with the rate falling to a lower level after the current top out point---but I think SS should be collected on all of the income.

If and ONLY if the rate that is collected is dropped down.

Quote:I'd also be fine with adding a penny to the national gasoline tax.

That one I'm not so sure about... If you can get the marijuana tax in, then no to an increase on the gasoline tax. If you can't get the marijuana tax, then maybe.

Again, to me its simple... Privatization (or partial privatization)

Based on Hawg's list...

#5 on hawg's would be interesting... but again with #2, I can't see people being incentivized of someone putting 1-3% more in?

I actually like #7 on hawg's list:

Quote:10% tax on work visas.

Kinda of curious owl (as I hadn't really thought about It):

Quote:5% tax increase on all Oil and Natural gas exports. This would go into repaying SS and would end when debt is repaid.

Why would this be unconstitutional? Not saying I agree with the idea, just trying to figure out the statement on this one.
07-17-2017 09:22 AM
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TigerBlue4Ever Offline
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Post: #27
RE: Social Security News
(07-14-2017 05:36 PM)Claw Wrote:  Don't assume you'll keep your 401K.

They will be coming after it.

Too late for that, mine is already trashed so they won't be getting much.
(This post was last modified: 07-17-2017 09:38 AM by TigerBlue4Ever.)
07-17-2017 09:35 AM
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TigerBlue4Ever Offline
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Post: #28
RE: Social Security News
(07-14-2017 06:07 PM)Attackcoog Wrote:  First---let me just say, Im not "one of those guys", but I do think the answer to all or at least some of the problem is easy. Legalize weed and tax it. All of the revenue goes to the Social Security System. There's basically not a better pain free option out there. I also agree wit paying SS on all income. I'd be with the rate falling to a lower level after the current top out point---but I think SS should be collected on all of the income. Those two changes alone probably put a huge dent in the SS underfunding issue. I'd also be fine with adding a penny to the national gasoline tax.

It would simply increase the size of the congressional slush fund that SS has developed into.
07-17-2017 09:36 AM
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Post: #29
RE: Social Security News
(07-14-2017 10:22 PM)banker Wrote:  1. We need a balanced budget amendment. This will stop the continuing raids on SS -"IOUs".
2. We need to take the cap off of the SS tax on earned income. Not bragging, but historically I am done paying SS tax by May after bonuses come out if I had good performance in the previous year. I wouldn't mind if they continued to take out SS all year provided that the money actually went to the SS system. The system now has me paying the same amount of SS tax as a Wall Street CEO making 100 million a year.
3. Clear up the dang fraud in all the SS splinter programs (i.e. The disability side of the program primarily).
4. Cut, or freeze, Annual increases.

Simply #2 (without a full pro rata increase in benefits), #3, a raise in the retirement age from 68 to 70 and limiting increases to CPI inflation instead of wage inflation would pretty much solve the problem. Its not a big deal if you do these things quickly.

Now Medicare is a totally different issue.
07-17-2017 10:07 AM
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