Biggest Social Security Changes for 2025

[Picaro]

SS is not really HC.....That's Medicare.

They take the premiums out of SS payments via automatic deductions, so it kinda sorta is.

 

[gipper]

Biggest Social Security Changes for 2025

Monthly payments are going up, and drop-in service at SSA offices is largely going away

www.aarp.org

I guess if you don't like the changes you can vent on the dems.

They waited way too long to increase the age.

People are going into their mid-70s before croaking now, the program is completely cooked.


BTW.....Can we get an entitlements sub-forum, I really did not know where to stick this one other than to think that politicians are responsible for SS.

Not to worry. Americans are fat lazy fucks dying younger and younger thanks to the shitty food they eat, shitty healthcare system killing them, and the chemicals their government and businesses expose them to.

 

[Picaro]

Social Security is fine, it's the thievery by dumping the revenues into the General Fund that is broke. Put tariffs on Red Chinese imports to make up for the wages lost to 'out-sourcing' to China and other slave labor paradises, and ending the tax breaks and subsidies for out-sourcing and overseas money laundering will work great. Corporations can keep paying the payroll taxes as if those jobs were still here, same with robot labor. Musk and Gates don't need any more freebies.

 

[Admiral Rockwell Tory]

Social Security is fine, it's the thievery by dumping the revenues into the General Fund that is broke. Put tariffs on Red Chinese imports to make up for the wages lost to 'out-sourcing' to China and other slave labor paradises, and ending the tax breaks and subsidies for out-sourcing and overseas money laundering will work great. Corporations can keep paying the payroll taxes as if those jobs were still here, same with robot labor. Musk and Gates don't need any more freebies.

That is always the way it was done. You have a better solution? Money cannot sit idle if it does not accomplish some task.

 

[sartre play]

You mean that...the ponzi scheme failed? But...but the experts told me this ponzi scheme was special. Oh well, a certain generation got theirs. Who cares about future generations?

YOU MEAN THE 65 YEAR OLD PLAN, THATS BEEN HELPING THE ELDERLY?
you must be very young.

 

[d0gbreath]

Remember those letters that told you how much that you've paid in? I've been retired for seven years and I'm not even close to halfway getting my money back.

 

[Picaro]

That is always the way it was done. You have a better solution? Money cannot sit idle if it does not accomplish some task.

I just named some. Yes, I do have much better solutions, and solutions that will allow the lowering of the payroll tax rates on domestic wages, for both employees and employers.

 

[J.S.]

Biggest Ponzi scheme in history. It had a good run, I guess.

 

[para bellum]

And the Social Security/Medicare tax is 15% currently. 6.5% SS tax on the employee, 6.5% SS tax on the employer which is really the employee's money

It's 7.65%, but that's not why I highlighted this sentence.

If it's really the "employee's money", why did it come out of my checking account?

I withheld 7.65% from the employee's paycheck, and I paid another 7.65% of MY money, and I sent the money to the US Treasury.

It's called "payroll tax" because that's what it is- a tax I paid on every employee I hired...

(I also paid the entire 15.3% on my own earnings, which is known as the "self-employment tax")

 

[Picaro]

It's 7.65%, but that's not why I highlighted this sentence.

If it's really the "employee's money", why did it come out of my checking account?

I withheld 7.65% from the employee's paycheck, and I paid another 7.65% of MY money, and I sent the money to the US Treasury.

It's called "payroll tax" because that's what it is- a tax I paid on every employee I hired...

(I also paid the entire 15.3% on my own earnings, which is known as the "self-employment tax")

Product of inflation and wages not keeping up with it, plus off-shoring of high productivity jobs. The tax structure needs a major overhaul to reflect the real economy and its current operations. The population had tripled since WW II, so that old argument is toast. With real life adjustments it needs to be knocked back down to around 2.5% each, 5% total.

 

[para bellum]

With real life adjustments it needs to be knocked back down to around 2.5% each, 5% total.

Whatever it should be is what it should be. I'm not arguing the rate.

I'm just sick of hearing that a tax that I paid, from my checking account, was really someone else's money. It sure as hell doesn't feel like that to me, and I damn sure know that if I didn't hire someone, I didn't have to pay the tax on him...

 

[Picaro]

Whatever it should be is what it should be. I'm not arguing the rate.

I'm just sick of hearing that a tax that I paid, from my checking account, was really someone else's money. It sure as hell doesn't feel like that to me, and I damn sure know that if I didn't hire someone, I didn't have to pay the tax on him...

It's a forced savings program, designed to alleviate dire poverty in old age for lower income workers. Businesses can no longer compete based solely on how little they can get away with paying employees and limits their rigging wages among themselves. it's a self-inflicted 'problem' businesses brought on themselves, like unions and 40 hour work weeks.

 

[para bellum]

It's a forced savings program, designed to alleviate dire poverty in old age for lower income workers. Businesses can no longer compete based solely on how little they can get away with paying employees and limits their rigging wages among themselves. it's a self-inflicted 'problem' businesses brought on themselves, like unions and 40 hour work weeks.

Except it's not a savings plan, it is an insurance plan. There is no SS account in your name that holds the money you paid into it. It's a points system.

Businesses did not "bring it on themselves", it was imposed on them by Gov't, and businesses routinely skirt the tax by paying the owners low salaries and taking the bulk of the earnings as dividends.

Labor is a market, and wages reflect the supply and demand for labor. Unions gave up their power, by ceding it to Gov't in the form of labor laws like the 40 hour workweek and overtime pay...

 

[tyroneweaver]

Biggest Social Security Changes for 2025

Monthly payments are going up, and drop-in service at SSA offices is largely going away

www.aarp.org

I guess if you don't like the changes you can vent on the dems.

They waited way too long to increase the age.

People are going into their mid-70s before croaking now, the program is completely cooked.


BTW.....Can we get an entitlements sub-forum, I really did not know where to stick this one other than to think that politicians are responsible for SS.

yet we're supposed to trust your changes rather than Mike Lee's As you so roundly criticized in another thread.

 

[Picaro]

Except it's not a savings plan, it is an insurance plan. There is no SS account in your name that holds the money you paid into it. It's a points system.

Businesses did not "bring it on themselves", it was imposed on them by Gov't, and businesses routinely skirt the tax by paying the owners low salaries and taking the bulk of the earnings as dividends.

Labor is a market, and wages reflect the supply and demand for labor. Unions gave up their power, by ceding it to Gov't in the form of labor laws like the 40 hour workweek and overtime pay...

Which is why I pointed out it's revenues were dumping into the General Fund. Claiming SS is broke' is just a red herring. 'Businessmen' have merely been destroying it revenue source, is all. Labor is a market that was always immediately rigged, and never' free', never has been in history. We would all still be slaves if 'business' had their way. You think 'Govt.' just dropped in from outer space?

Businessmen invented most of govt.; can't have big business without big govt. Most employees don't work for dividends, they work for salaries. You nor anybody else won't start paying higher salaries if SS was done away with, that's just a load of bullshit. Do away with labor laws and businesses will immediately collude to rig wages even lower, like opening the borders.

 

[1srelluc]

yet we're supposed to trust your changes rather than Mike Lee's As you so roundly criticized in another thread.

Since when are most politicians worthy of trust when it comes to our money?

And yeah, piss on Mike Lee.

 

[BluesLegend]

Look you fools, people can't stand 8 hours a day and work a job on the floor when they are 70 years old FFS. SS would be fine if congress had not repeatedly raided the fund and spent trillions of it on other crap.

 

[Moonglow]

I enjoy my SS and thank the US govt. for helping me when I got my disability, they were a life saver, same with the VA....

 

[Moonglow]

Look you fools, people can't stand 8 hours a day and work a job on the floor when they are 70 years old FFS. SS would be fine if congress had not repeatedly raided the fund and spent trillions of it on other crap.

I can barely take the pain to stand but I still work an eight-hour-day standing, bending, squatting, etc, etc.

 

[NetJedi]

Biggest Social Security Changes for 2025

Monthly payments are going up, and drop-in service at SSA offices is largely going away

www.aarp.org

I guess if you don't like the changes you can vent on the dems.

They waited way too long to increase the age.

People are going into their mid-70s before croaking now, the program is completely cooked.


BTW.....Can we get an entitlements sub-forum, I really did not know where to stick this one other than to think that politicians are responsible for SS.

IMHO Social Security finances are actually fixable for the next few generations.

1. Remove the income caps on with withholdings
2. Increase the payroll tax to 13% (6.5% employee, 6.5% employer)
3. Means testing

Nothing radical there yet our boys & girls in Washington can't even get their shit together enough to accomplish those things.

Of course, it would be better just to ditch the flawed system altogether and move to something like an opt-in national 401K plan that facilitates inter-generational wealth transfer, better benefits at retirement and retirement age flexibility for the beneficiaries.