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Social Security is this nation's primary family protection program whether we like it or not. It supports not only retirees, but also disabled workers and the spouses and children of deceased workers. Indeed, it is a social compact between the generations.

I'm always respectful of things once brilliant though now dull (the inside of our home looks like a Time Machine). This is a time for vision. Let's not "throw the baby out with the bath water", so to speak.

There have been some fresh and inspiring ideas threaded on this board along with the usual dosage of greed, defeatism, elitism and other "isms" being tossed around. These ideas need to be forwarded to our representatives in Congress (gotta have some trust in our Fed).

You know, the average monthly check for individuals is just over $750. Almost two-thirds of beneficiaries receive one-half or more of their income from Social Security. Not much cause for a revolution there! We do not need to tax wealth, but I think it is socially irresponsible not to tax ALL wage produced income at this point in our history.

Just my 2 cents.---TL
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TL, your opinion is well taken, but don't you also think that if ALL income is taxed for ALL people, then ALL people should be allowed a benefit of SOME type. I would like to make the point that there are more ways than one to skin a cat for this means testing issue.

Instead of paying benenfits back to those that are "well-off" upon retirement (the Fed. gets to decide where the line is here, unfortunately), substantial tax credits could also be an option going forward. This would allow the Fed. to keep their loot while the people that made the right decisions and planned ahead will feel that they have been rewarded for their efforts.

This solution is still sacrificing some future revenues, but should go a long way toward getting us over the "peak" of the SS problem. Let's throw that one over the wall to be batted around for a while.

LooseChange
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LooseChange,
I agree. Perhaps the benefits could be limited, not denied. I'm not a Robin Hood either, but $68K is "chump change" to a lot of people in our society. If the upgraded SS program provided "well-off" people with the option to forgo SS and Medicare benefits, then I would support tax credits in some form (one less cruise missle to blow up a tent in a desert somewhere).

People do go broke. I'm sure even the "well-off" would be comforted knowing that fiscally sound SS and Medicare programs are there for them if needed. Perhaps their biggest reward for doing the right thing is their own security. If we do not deal with the distribution of wealth responsibly in this country, I certainly wouldn't want to be rich - would you?
--TL
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re: Gotta have some trust in our fed
I'll trust "our" fed when it is again securly chained to OUR Constitution. Until then I'm looking for a good leader for the revolution (hopefully at the poles)
Rabble














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<<If we do not deal with the distribution of wealth responsibly in this country, I certainly wouldn't want to be rich - would you?
--TL>>

However we deal with the distribution of wealth, I would prefer to be rich.
--DH

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DH,
Me too! As my favorite Vulcan said, "Live long and prosper".
--TL
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<<Until then I'm looking for a good leader for the revolution (hopefully at the poles)>>

North or South?? :-) About all you'll find at either will be polar bears, penguins and a mad scientist or two.

Regards...Pixy
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LOL - You're a sick puppy, Pixy!
--TL
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<<LOL - You're a sick puppy, Pixy!>>

Gee...And here I thought I was just slightly warped. :-P

Regards.....Pixy
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You know, the average monthly check for individuals is just over $750. Almost two-thirds of beneficiaries receive one-half or more of their income from Social Security. Not much cause for a revolution there! We do not need to tax wealth, but I think it is socially irresponsible not to tax ALL wage produced income at this point in our history.

What is the rational behind taxing wealth at all? Can you eat money or possessions? NO! Tax consumption. Get rid of the loopholes. Then, the more you buy or use, the more you pay.

It is truly irresponsible, if not downright criminal, that politicians of both parties have lied about Social Security, making people believe there is some kind of cash balance by which retirees are paid.

It's even more criminal that people are not taught, when they sign up a Social Security card or start a job, that Social Security is not meant to provide a retirement income on its own. But, instead, that Social Security is meant to supplement one's pension and savings. Instead, people have been taught for the last 30-odd years, to piss away their money and support the consumer economy, instead of save for their retirement.

Zev
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zgriner writes:...What is the rational behind taxing wealth at all? Can you eat money or possessions? NO! Tax
consumption. Get rid of the loopholes. Then, the more you buy or use, the more you pay.


herd adds: Yeah!! Get rid of all taxes except consumption tax/national sales tax. We can offer tax relief to the poor by exempting basic food stuffs from the tax,ex:bread, milk, eggs,unprocessed meats; no tax and restruant meals, frozen dinners, ready to eat processed foods; taxed.

Think of the savings from eliminating most of the Social Security staff and most of the IRS. No tax forms to work through, just pay at the register as you buy!
No loop holes. Kinda tough on tax specialists, their services would be unneccessary. Aaahhhh.

Just a thought...........herd
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