Posted by BornToFarm on April 22, 2024, 8:30 am, in reply to "Haven't heard much about that lately...the NEEDS assessment." Message Thread | This response ↓ Do with this what you will…. - CE0802 April 21, 2024, 5:25 pm Above $168,000, there is no further contribution to Social Security - BornToFarm April 22, 2024, 7:05 am Above post should be under CE0802's post "You mean the cap on income" - BornToFarm April 22, 2024, 7:06 am Exactly. Social Security wasn't intended to be a welfare program. - CE0802 April 22, 2024, 7:41 am Love it! Best investment ever. - GOG April 21, 2024, 5:50 pm I can't imagine trying to live on Social Security alone. I mean... - CE0802 April 22, 2024, 6:51 am Not sure about maximum payout cap. - GOG April 22, 2024, 7:18 am It wouldn't be effortless, but could be done... - Sprout April 22, 2024, 7:11 am I bought this house in 2014, and paid more towards the mortgage so that... - CE0802 April 22, 2024, 7:46 am Which is what I did before retiring. - GOG April 22, 2024, 7:22 am The only changes that need to be made are to eliminate the cap for contributions….. - KR April 21, 2024, 5:36 pm You mean the "cap" on income? The one that is now set at $168,000 a year? That "cap"? - CE0802 April 22, 2024, 6:38 am I mean that the 6.2% tax be applied to ALL income, not just the first 168K. - KR April 22, 2024, 7:07 am Yeah, that's what I said. And that's what I asked. Why? - CE0802 April 22, 2024, 7:24 am They WILL get social security regardless. - KR April 22, 2024, 7:58 am But will they get benefits commensurate with their contributions like everyone else? - BornToFarm April 22, 2024, 8:22 am That would defeat the purpose. - KR April 22, 2024, 9:16 am Haven't heard much about that lately...the NEEDS assessment. - CE0802 April 22, 2024, 8:26 am That would make it just another welfare program funded by the rich - BornToFarm April 22, 2024, 8:30 am It’s really an insurance program, as implied in the name… Social Security. - Skye April 22, 2024, 9:30 am It's an insurance program in that if you die you forfeit your benefits but if your live to 100 - BornToFarm April 22, 2024, 10:40 am Because…. - Skye April 22, 2024, 11:12 am Sounds like we are talking past each other here.... - BornToFarm April 22, 2024, 11:49 am I see what you are saying. - Skye April 22, 2024, 12:21 pm These people need to research what happened in other countries when the "rich" were demonized... - CE0802 April 22, 2024, 8:39 am He failed to factor in the increase of the population and workforce - Pikes Peak 14115 April 21, 2024, 10:48 pm « Back to index
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