Will Republicans end social security?

[sealybobo]

Reagan cut taxes for everyone who paid taxes.
Very few people paid the top marginal rate.


1951? How does that matter?
In 1962, it was 20.6%
In 1970, it was 17.0%
Looks to me like the % was well on its way down -long- before Reagan took office.
The -actual- numbers. The average since 1980 is 9.6%

FY	Total Rev	Corp. Rev	% total
1980	517.1	64.6	12.5
1981	599.3	61.1	10.2
1982	617.8	49.2	8.0
1983	600.6	37.0	6.2
1984	666.4	56.9	8.5
1985	734.0	61.3	8.4
1986	769.2	63.1	8.2
1987	854.3	83.9	9.8
1988	909.2	94.5	10.4
1989	991.1	103.3	10.4
1990	1032.0	93.5	9.1
1991	1055.0	98.1	9.3
1992	1091.2	100.3	9.2
1993	1154.3	117.5	10.2
1994	1258.6	140.4	11.2
1995	1351.8	157.0	11.6
1996	1453.1	171.8	11.8
1997	1579.2	182.3	11.5
1998	1721.7	188.7	11.0
1999	1827.5	184.7	10.1
2000	2025.2	207.3	10.2
2001	1991.1	151.1	7.6
2002	1853.1	148.0	8.0
2003	1782.3	131.8	7.4
2004	1880.1	189.4	10.1
2005	2153.6	278.3	12.9
2006	2406.9	353.9	14.7
2007	2568.0	370.2	14.4
2008	2524.0	304.3	12.1
2009	2105.0	138.2	6.6
2010	2162.7	191.4	8.9
2011	2303.5	181.1	7.9
2012	2450.0	242.3	9.9
2013	2775.1	273.5	9.9
2014	3021.5	320.7	10.6
2015	3249.9	343.8	10.6
2016	3268.0	299.6	9.2
2017	3316.2	297.0	9.0
2018	3329.9	204.7	6.1
2019	3463.4	230.2	6.6
2020	3421.2	211.8	6.2
2021	4047.1	371.8	9.2
2022	4896.1	424.9	8.7

Shut the fuck up!!!

Since Reaganomics and Bushanomics, the middle class has fallen apart. But it's been great for the rich. However it happened, they've gotten richer and richer while we've fallen behind.

CEOs made a median $20 million last year—254 times more than the average worker​

2021 headline. Then there's this headline

CEO pay has skyrocketed 1,322% since 1978: CEOs were paid 351 times as much as a typical worker in 2020

What this report finds: Corporate boards running America’s largest public firms are giving top executives outsize compensation packages that have grown much faster than the stock market and the pay of typical workers, college graduates, and even the top 0.1%. In 2020, a CEO at one of the top 350...

www.epi.org

1322% CEO pay went up from 1978 to now. Isn't that interesting. Right about when Reagan took over. And the Jack Welch GE era. Yes, Republicans really fucked the middle class good. Then Bush sent all our highest paying manufacturing jobs overseas and rigged on millions of pensions. Bankruptcy's. Brilliant. Fuckers.

 

[initforme]

We don't need people working longer. That would hurt the nation.

 

[M14 Shooter]

Shut the fuck up!!!

You hate the truth, especially when it contradicts your claims.
That's on you.

 

[sealybobo]

You hate the truth, especially when it contradicts your claims.
That's on you.

1322% CEO pay went up from 1978 to now. Isn't that interesting. Right about when Reagan took over. And the Jack Welch GE era. Yes, Republicans really fucked the middle class good. Then Bush sent all our highest paying manufacturing jobs overseas and rigged on millions of pensions. Bankruptcy's. Brilliant.

You keep defending the CEO's stupid. Then complain blue collar workers aren't making enough. What a hypocrite.

 

[sealybobo]

You hate the truth, especially when it contradicts your claims.
That's on you.

Didn't you confirm my claims? You said GOOD when I said Republicans want to end social security.

 

[sealybobo]

Social Security will end by the burden of its own financial unsustainability, just like any other Ponzi scheme. Politicians monkeying around with the details can’t erase decades of their predecessors using the money as a slush fund when it should have been saved for the donors.

What about all the money that people pay in and they die before they ever collect one dime? How about all the people who retire and only collect for 1 or 2 years? I don't think it's a ponzi scheme.

Don't you republicans agree both parties "borrowed" from SS? Well put it back. It's that simple.

We know from this op ed

Reagan cut income taxes on the very rich from 70% down to 27%. Corporate tax rates were also cut so severely that they went from representing over 33% of total federal tax receipts in 1951 to less than 9% in 1983

The result was devastating. Our government was suddenly so badly awash in red ink that Reagan doubled the tax paid only by people earning less than $40,000/year (FICA), and then began borrowing from the huge surplus this new tax was accumulating in the Social Security Trust Fund. Even with that, Reagan had to borrow more money in his 8 years than the sum total of all presidents from George Washington to Jimmy Carter combined.

 

[Lesh]

Republicants in the Supreme court did over turn Roe but it really is a State Issue and you can still get an abortion. Personally, I think abortion is stupid because if a girl is going to sport fxck like a guy, just get sterilized.

Can you get an abortion in Texas or states with similar laws?

 

[Papageorgio]

Reagan cut taxes for everyone who paid taxes.
Very few people paid the top marginal rate.


1951? How does that matter?
In 1962, it was 20.6%
In 1970, it was 17.0%
Looks to me like the % was well on its way down -long- before Reagan took office.
The -actual- numbers. The average since 1980 is 9.6%

FY	Total Rev	Corp. Rev	% total
1980	517.1	64.6	12.5
1981	599.3	61.1	10.2
1982	617.8	49.2	8.0
1983	600.6	37.0	6.2
1984	666.4	56.9	8.5
1985	734.0	61.3	8.4
1986	769.2	63.1	8.2
1987	854.3	83.9	9.8
1988	909.2	94.5	10.4
1989	991.1	103.3	10.4
1990	1032.0	93.5	9.1
1991	1055.0	98.1	9.3
1992	1091.2	100.3	9.2
1993	1154.3	117.5	10.2
1994	1258.6	140.4	11.2
1995	1351.8	157.0	11.6
1996	1453.1	171.8	11.8
1997	1579.2	182.3	11.5
1998	1721.7	188.7	11.0
1999	1827.5	184.7	10.1
2000	2025.2	207.3	10.2
2001	1991.1	151.1	7.6
2002	1853.1	148.0	8.0
2003	1782.3	131.8	7.4
2004	1880.1	189.4	10.1
2005	2153.6	278.3	12.9
2006	2406.9	353.9	14.7
2007	2568.0	370.2	14.4
2008	2524.0	304.3	12.1
2009	2105.0	138.2	6.6
2010	2162.7	191.4	8.9
2011	2303.5	181.1	7.9
2012	2450.0	242.3	9.9
2013	2775.1	273.5	9.9
2014	3021.5	320.7	10.6
2015	3249.9	343.8	10.6
2016	3268.0	299.6	9.2
2017	3316.2	297.0	9.0
2018	3329.9	204.7	6.1
2019	3463.4	230.2	6.6
2020	3421.2	211.8	6.2
2021	4047.1	371.8	9.2
2022	4896.1	424.9	8.7

You do realize that Sealy doesn’t care about facts, just how he feels.

 

[Lesh]

Social Security will end by the burden of its own financial unsustainability, just like any other Ponzi scheme. Politicians monkeying around with the details can’t erase decades of their predecessors using the money as a slush fund when it should have been saved for the donors.

When you hear terms like “Ponzi scheme”and “slush fund” understand that you are talking to Republicans who want to end Social Security and have been using almost the same arguments for almost 100 years.

The government does use the excess Social Security collected in the Trust fund… because other than borrowing it and repaying it…. There is no legal mechanism to deal with excess funds.

As far as a Ponzi scheme, they don’t last 100 years

 

[Papageorgio]

Shut the fuck up!!!

Since Reaganomics and Bushanomics, the middle class has fallen apart. But it's been great for the rich. However it happened, they've gotten richer and richer while we've fallen behind.

CEOs made a median $20 million last year—254 times more than the average worker​

2021 headline. Then there's this headline

CEO pay has skyrocketed 1,322% since 1978: CEOs were paid 351 times as much as a typical worker in 2020

What this report finds: Corporate boards running America’s largest public firms are giving top executives outsize compensation packages that have grown much faster than the stock market and the pay of typical workers, college graduates, and even the top 0.1%. In 2020, a CEO at one of the top 350...

www.epi.org

1322% CEO pay went up from 1978 to now. Isn't that interesting. Right about when Reagan took over. And the Jack Welch GE era. Yes, Republicans really fucked the middle class good. Then Bush sent all our highest paying manufacturing jobs overseas and rigged on millions of pensions. Bankruptcy's. Brilliant. Fuckers.

Go to your CEO and bitch about the pay, otherwise you are just an empty hot air head, for the Democratic Party.

 

[Lesh]

Go to your CEO and bitch about the pay, otherwise you are just an empty hot air head, for the Democratic Party.

He’s making the point that on the Reagan era (which we still live in) the middle class had gotten hosed

 

[M14 Shooter]

1322% CEO pay went up...

Irrelevant to what i said.

 

[M14 Shooter]

You said GOOD when I said Republicans want to end social security.

I did. Sooner = better.

 

[Orangecat]

What about all the money that people pay in and they die before they ever collect one dime? How about all the people who retire and only collect for 1 or 2 years? I don't think it's a ponzi scheme.

What about it? It’s been spent, that’s what is about it.
You don’t have to think it’s a Ponzi scheme for it to be one.
If the current beneficiaries are being paid not from their own contributions, but from those currently contributing, it’s a Ponzi scheme.
The only reason it still exist is because the government mandates participation.

 

[Orangecat]

As far as a Ponzi scheme, they don’t last 100 years

When the government mandates participation they do.

 

[Orangecat]

Can you get an abortion in Texas or states with similar laws?

Not legally. That’s democracy.

 

[Lesh]

Not legally. That’s democracy.

So @Dr. Know’s post 1838 was a lie

Thank you

 

[Lesh]

When the government mandates participation they do.

A mandate has zero to do with whether something is or isn’t a Ponzi scheme

Thanks for playing

 

[Orangecat]

So @Dr. Know’s post 1838 was a lie

Thank you

If you say so. I only presented facts.

 

[Orangecat]

A mandate has zero to do with whether something is or isn’t a Ponzi scheme

A mandate can greatly extend the lifespan of of Ponzi scheme, simple jack. That’s what we were discussing:

As far as a Ponzi scheme, they don’t last 100 years

Think better.