Social Security should be reduced by any income above that poverty level not just working income as it is now. That is the unfair part to me.
And here’s exactly one of the problems I listed above. You’re asking that any separate retirement savings or income equaling or greater that about $15k/year should negate a person receiving SS retirement benefits. This would be subtracted by income from pensions, annuities, investment income, interest, veterans benefits, or other government or military retirement benefits.
Essentially old people UBI, keep them off the streets but not a replacement for actual work/savings.
You want that program, I certainly wouldn’t oppose it, but that’s not what Social Security retirement benefits are today.
If you actually work your benefit is reduced, if you just rent out some homes it isnt.
Keep in mind, the reduction you’re talking about for a fully retired person (65 or 67 depending on when they were born) would be earning above $59,520/year or more from their work in retirement. And again, if the fully retired person is getting $59,520/year income from pensions, annuities, investment income, interest, veterans benefits, or other government or military retirement benefits, you’d have them get zero SS retirement benefits.
Fairness or equality of paying in get pay out is not the same as equity or justice of those who have less getting helped more.
You’re changing the terms of the deal that everyone that has paid in agreed to. You can want it to be different, but make no mistake you’re suggesting a “bait and switch” to hundreds of millions of Americans that have planned on having SS retirement benefits granted to them as part of their retirement planning.
You can want SS retirement benefits to be something else, but your desired changes are exactly why its a non-started that isn’t even considered.
It’s not a negation when there is a standard of 28k before any deduction and the ratio of deduction is 2:1 or even 3:1 after that. I’m not proposing a drastic difference, the current system just with more income considered. If you have greater income you still have greater income. Maybe you lose out on a couple k from ssi but you make enough to live better than someone with only ssi.
I’m talking what could be or imo should be. You keep talking what is. I never said anything about the practicality of this getting through congress anytime soon. That’d require a greater cultural shift than I foresee happening anytime soon.
Reality is that under the current system ssi already isn’t going to work past 2035 if things remain as they are. Anyone in retirement after that shouldn’t be including ssi in their retirement plans right now because it very well may not exist.
Your argument is the same as property taxes for schools being so unequally distributed. Don’t want to pay for other kids just your own. As we’ve seem from the past however many decades or centuries this “separate but equal” doesn’t work out long-term we need “united and equitable”. I don’t know when or if these changes will occur, but I know they won’t without being talked about.
I’m by no means an economist, lawyer, or politician and I doubt you are either, chillax on the seriousness and trying to find flaws in what is a random internet musing and certainly not a legal bill or treatise on the subject.
Thank you for confirming nearly every single one of the issues I cited. For a reminder, here’s the quick list I came up with, and your answers afterward:
who decided what income equals “affordable” in my example above?
I’m talking what could be or imo should be.
So you’ve decided the best person to decide is you.
is SS benefit reduced by just rental income, or do you go after people with pensions and 401k income?
If you have greater income you still have greater income. Maybe you lose out on a couple k from ssi but you make enough to live better than someone with only ssi.
So you’re confirming you’re looking to remove SS benefits and punish those that did save or have income in any capacity.
is it fair to be forced to pay into a system for your entire working career and not get any benefit out of it at the individual level?
Fairness or equality of paying in get pay out is not the same as equity or justice of those who have less getting helped more.
And you’re okay with changing the terms of the deal of SS benefits after decades of people relying on it as a part of their retirement.
Your argument is the same as property taxes for schools being so unequally distributed.
Nice strawman. I’m not taking the bait on that.
chillax on the seriousness and trying to find flaws in what is a random internet musing and certainly not a legal bill or treatise on the subject.
Okay so you’re just looking to talk at your audience without any response? Whats the point of coming up with a plan if you’re not willing to subject it to scrutiny or deal with its flaws? If that’s all you want, then you don’t need me or anyone to read or respond to your ideas. Its not what you’re looking for.
Carry on and talking into the void then. I’m out. Have a nice day.
And here’s exactly one of the problems I listed above. You’re asking that any separate retirement savings or income equaling or greater that about $15k/year should negate a person receiving SS retirement benefits. This would be subtracted by income from pensions, annuities, investment income, interest, veterans benefits, or other government or military retirement benefits.
You want that program, I certainly wouldn’t oppose it, but that’s not what Social Security retirement benefits are today.
Keep in mind, the reduction you’re talking about for a fully retired person (65 or 67 depending on when they were born) would be earning above $59,520/year or more from their work in retirement. And again, if the fully retired person is getting $59,520/year income from pensions, annuities, investment income, interest, veterans benefits, or other government or military retirement benefits, you’d have them get zero SS retirement benefits.
You’re changing the terms of the deal that everyone that has paid in agreed to. You can want it to be different, but make no mistake you’re suggesting a “bait and switch” to hundreds of millions of Americans that have planned on having SS retirement benefits granted to them as part of their retirement planning.
You can want SS retirement benefits to be something else, but your desired changes are exactly why its a non-started that isn’t even considered.
It’s not a negation when there is a standard of 28k before any deduction and the ratio of deduction is 2:1 or even 3:1 after that. I’m not proposing a drastic difference, the current system just with more income considered. If you have greater income you still have greater income. Maybe you lose out on a couple k from ssi but you make enough to live better than someone with only ssi.
I’m talking what could be or imo should be. You keep talking what is. I never said anything about the practicality of this getting through congress anytime soon. That’d require a greater cultural shift than I foresee happening anytime soon.
Reality is that under the current system ssi already isn’t going to work past 2035 if things remain as they are. Anyone in retirement after that shouldn’t be including ssi in their retirement plans right now because it very well may not exist.
Your argument is the same as property taxes for schools being so unequally distributed. Don’t want to pay for other kids just your own. As we’ve seem from the past however many decades or centuries this “separate but equal” doesn’t work out long-term we need “united and equitable”. I don’t know when or if these changes will occur, but I know they won’t without being talked about.
I’m by no means an economist, lawyer, or politician and I doubt you are either, chillax on the seriousness and trying to find flaws in what is a random internet musing and certainly not a legal bill or treatise on the subject.
Thank you for confirming nearly every single one of the issues I cited. For a reminder, here’s the quick list I came up with, and your answers afterward:
So you’ve decided the best person to decide is you.
So you’re confirming you’re looking to remove SS benefits and punish those that did save or have income in any capacity.
And you’re okay with changing the terms of the deal of SS benefits after decades of people relying on it as a part of their retirement.
Nice strawman. I’m not taking the bait on that.
Okay so you’re just looking to talk at your audience without any response? Whats the point of coming up with a plan if you’re not willing to subject it to scrutiny or deal with its flaws? If that’s all you want, then you don’t need me or anyone to read or respond to your ideas. Its not what you’re looking for.
Carry on and talking into the void then. I’m out. Have a nice day.