Would you do away with ss?

[2011GT]

I'm not counting on SS one bit. If it's still around in 40 years when I retire it'll just be icing on the cake.

[95DRGT]

Real life scenario- My dad whom was always invested and had a nice nest egg has been drained by his wife (my step mom) who funded Nigeria. She was scammed. He develops dementia and needs assisted living/memory care. That cost is 4k a month. The government does not assist an anything like that only a basic nursing home (I don't expect them to) but with only $1200 monthly SS, I have a significant shortfall.

He worked his entire life, had his own business, paid his taxes and all in the promise that he would get back some of what he put in. For that vast majority of older 'american's' that is all they have. These are the people that worked their asses off and made this country what it is.

Now moving forward you would be a fool to believe or rely on that as your retirement

[line-em-up]

I like Andrew Wilkow's idea. If you're 45 and over, you get your payout as normal. 45 and under, you get tax credits to recoup what you paid in and nothing more is taken out.

x2

[line-em-up]

Would convert SS into a federal savings account that acts like an IRA, that starts at birth. When ever a person needs Federal assistance (housing, food, medical, school) then money can be withdrawn and in some cases borrowed against in a time of need. bankruptcy does not wipe the debt, and if a person owes too much they get to visit the poor house and work it off.

would also institute one year of service with either the military, or job works (out of state infrastructure). A majority of the pay from this would go to the savings account.

Before they begin charging you to borrow money that you've already earned, I rather them just quit the program completely, cold turkey. I don't want to continue paying in, only to have some other form of moocher take it.

[line-em-up]

Well its going to be pretty tough on people like you when it stops. You better hope thats not before youre dead.

Also the old people crying about it if the money stops... see im a bit of a hater when it comes to that kind of thing and it makes me not even care when I hear that type of stuff. Makes me want to see them suffer, in a way. After all why is it all the young peoples responsibility to pay for irresponsible fucks? Oh but we wont be getting paid like we paid for them. Sorry bout that.

Not that i even want it. I dont. The whole idea seems shady and just goes against pretty much everything i believe in. I dont want their scumbag commie money

That's the problem with a pyramid scheme. Sooner or later, someone get's stuck with the bill. I've paid in to it for 35 years and I probably won't get any money back, yet I don't consider the people who would like to get paid back as "irresponsible fucks". They paid in all of their lives with the agreement that it would be a nest egg (however small) for them when they retired. It's not a freebie for them.

[GhostTX]

It should be phased out over the years, and your SS contributions now get redirected a 401k of sorts. When the money is privatized, more Americans will be better off.

[Forever_frost]

I like Andrew Wilkow's idea. If you're 45 and over, you get your payout as normal. 45 and under, you get tax credits to recoup what you paid in and nothing more is taken out.

[John -- '02 HAWK]

Would convert SS into a federal savings account that acts like an IRA, that starts at birth. When ever a person needs Federal assistance (housing, food, medical, school) then money can be withdrawn and in some cases borrowed against in a time of need. bankruptcy does not wipe the debt, and if a person owes too much they get to visit the poor house and work it off.

would also institute one year of service with either the military, or job works (out of state infrastructure). A majority of the pay from this would go to the savings account.

[Venom]

When people ask my my top 3 worst presidents in history FDR has always been at the top of list prior to BHO. FDR started AIT of the social care programs and began the entitlement mentality that so many people have today.

[matts5.0]

Yeah im in favor of all most all entitlements and shit like this going away.

[Gasser64]

i paid into the system for almost 50 years. fuck you it's my money .

Well its going to be pretty tough on people like you when it stops. You better hope thats not before youre dead.

Also the old people crying about it if the money stops... see im a bit of a hater when it comes to that kind of thing and it makes me not even care when I hear that type of stuff. Makes me want to see them suffer, in a way. After all why is it all the young peoples responsibility to pay for irresponsible fucks? Oh but we wont be getting paid like we paid for them. Sorry bout that.

Not that i even want it. I dont. The whole idea seems shady and just goes against pretty much everything i believe in. I dont want their scumbag commie money

[Broncojohnny]

It will go away because it is going to destroy the purchasing power of the dollar. I mean only in a relative sense, the value will be deflated to a more sustainable amount. The old people will keep getting their $2,000 check every month because they cry like babies if someone mentions it might stop. But that $2,000 isn't going to buy much before long.

[slow99]

Social security is $25 TRILLION underfunded - it's negative by over $20 TRILLION. It's a matter of when, not if.

[bubbaearl]

Sorry friend, your money was spent a long time ago. It's actually my money taken from my wallet and put into yours.

no your paying into the same system i did . you got a problem with where it went talk to the democrats about paying back what they stole.
you want to fix the system start by abolishing welfare and disability fraud. until then you just keep working real hard so i get my check each month just like i did for those before me.

[slow99]

Make it a defined contribution plan instead of defined benefit.