Does anyone else think that the GOP candidates are deliberately shooting themselves in the foot? Or is it just me? Surely ALL of them aren’t that out of touch with real people. 🤪
The government is giving money to illegal immigrants, foreign countries engaged in war, and unemployed drug users, but she wants productive citizens to work longer to qualify for a retirement plan which they themselves pay for.
She feels like a caricature. It almost has to be deliberate. She couldn't possibly be this out of touch with real people.
same thought. She and they have to be a poison pill the white hats are forcing into the conversation. There are still so many "conservatives" that do not realize this is 5th gen life or death
They’re looking more and more like ridiculous caricatures. Birdbrain here is just the current one, spouting off with idiotic ideas. (And apparently birdbrain has already started backing off on her “identify all anons online” stance after the lash back, saying she meant only the foreigners).
Still not as idiotic as what the left puts out as “ideology”.
Yeah. And we know she had no intention of going after foreigners either, just wanted to hunt down domestic “dissidents” who don’t toe the commie party line.
She got reamed for the gestapo-speak and slithered right back into forked-tongue snake mode. Trying to wrap up communism in flowery words and call it goodness. Stupid birdbrain RINO.
What she really means is, she wants to raise the amount of time that illegals(and other scourge) can mooch off of your money until you have a chance to touch it.
I mean, if that's how they want to play it, then stop deducting SS from our paychecks and let us invest it ourselves.
Amen! Most people have no idea how wealthy they would be if their Social Security contributions went into a private investment.
The answer to Social Security is not raising the retirement age and, in the process, screwing over people who paid in their entire working lives. The answer is to liberate that money from government mismanagement.
WTF 65 my ass...mine is already 66 and 4 months..the part that sucks when we were FORCED to get into this it WAS 65 and out and they changed the rules and then thers the potato that helped to tax 85% of it...fukin asshole
I'd give you ten updoots if the system would allow it. This is exactly how I feel. She can go screw herself and maybe if she's bold enough, get passed around by the old Dem geezers who lust after young tail.
In case she missed it...since the introduction of the COVID injection....life expectancies are going down....they won't need to change the retirement age once another 2-3 years passes and the serious cancers kick in....
High income earners don't pay social security taxes above a certain threshold, effectively paying a lower percentage of income into the system
Low income earners usually start paying into the system earlier in their lives, work for more years, get lower benefits, and are likely to die earlier
The system depends on a consistent rate of population growth, which is unsustainable, and it depends on government not "borrowing" the money, which is unlikely
The solution is to abolish it and let people save for their own retirement however they want. But since it forces everyone to participate, as people get older they get an increasing sense of entitlement and dependence on the benefits. Eventually the retirement age has to increase and/or the money runs out.
High income earners don't pay social security taxes above a certain threshold, effectively paying a lower percentage of income into the system
In 2023, anyone who earns over $160,200 will pay FICA tax until they reach that number. Your percentage argument is typically what lower-income people use against people who make more than they do. What it really means is someone that hits $160,200 will stop paying FICA once they've paid $9,932.40 (this year - it will go up again next year). If someone else makes $50k for example, they would only pay $3100 in FICA. Yes - once a person makes over the 160,200 they are no longer paying the FICA, and the percentage they paid technically goes down if you count the extra salary, but who paid more into the system? If you make more you pay more in real dollars. You also go up in tax brackets the more you make, so you pay a lot more taxes. That same person or family that hit the magic salary number also loses a ton of the deductions the $50k family will get. In most cases those deductions are far more than the $6k or $7k difference in the FICA. Many of the deductions listed in this good article phase out at certain income levels: https://www.nerdwallet.com/article/taxes/tax-deductions-tax-breaks
Back when the max was around $120k I missed out on deducting education expenses for my daughter and several of the special deductions the gimmedat party puts in for their voters.
Low income earners usually start paying into the system earlier in their lives, work for more years, get lower benefits, and are likely to die earlier
This is just BS and factually wrong. Everyone pays into the system when they start working (with a couple of exceptions related to student work or certain ag work). Nothing to do with low-income workers. I started working at 15. Working more years? You work until you can afford to not work. I will likely never reach that. Get lower benefits? Guess what - your Social Security benefits are based on what you paid in, so if you made less and paid less you will get less. Why should someone that made more and paid more get less and have to give their money that was stolen from them to someone who didn't make as much for whatever reason? And likely to die earlier? C'mon. Way to pick a stat out of thin air. Besides - the govt loves it if you die earlier so they can take that money you paid in and never got to use.
You are right about doing something about it, but I'm not sure abolishing it would work. People wouldn't have any retirement and would end up living on government benefits that would cost everyone even more money.
Maybe doing something like having a 2-tier system. First tier is regular Social Security (mandatory like now) but with a max salary threshold of $75k. If you make more than that, the second tier can be used. The FICA tax continues but at say 3% minimum, and the money goes into something like a 401k you control, and you have the option of having the govt pull up to 10% or even more (pre-tax). Businesses could also do things like their 401k matching up to a certain percentage like they do now. You would also have the option to just stop the FICA and not partake in tier 2, but you would have to live with the reduced benefits from tier 1. For those that choose tier-2 they would still lose their Social Security if they died before they got to use it, but their tier-2 401k would go to their beneficiary. They would also not be allowed to withdraw before a certain age (or death), and no loans against that 401k.
As for the retirement age increasing - if we had something like I just outlined it might not have to increase, or if it did, maybe only a year or 2. If enough people did tier-2 their retirement funds could grow much more than what their regular Social Security payment would be. Those people could retire early (giving up the regular Social Security) with their 401k, or wait until the retirement age and collect both.
I'm not a fan of the whole percentage arguments. Taxes suck for everyone - except for very low income people who end up getting more back from the IRS than they paid in thanks to earned-income/child tax credits and all sorts of other stuff. One of my in-laws used to get tax "refunds" over $10k and they were on welfare. They never paid anywhere near that level. The government uses that stuff to divide us, and they are really good at it.
If you want an indepth analysis on social security, I recommend looking into some of the speeches given by Nobel laureate Milton Friedman on the subject. Here's one https://youtu.be/rCdgv7n9xCY
The tax is a regressive tax. You pay taxes on the first dollar of wage income up until the cap, and then no taxes beyond that. Sure, the other income taxes have all kinds of credits, but that is separate from how social security operates.
Lower income people start paying earlier in their lives. By that I mean folks who start working right out of high school, if not earlier, because they did not go to college. Sure some folks have a part-time high school job, and some have jobs on campus, but I'm talking about the poor folks, not middle class and above.
Lower income people often have the most backbreaking, physically intense, jobs which often shortens life expectancy.
Yeah I get all that. I'm not a fan of the whole Social Security plan but until it changes it's what we have.
I still don't buy the low income starting work earlier though. Lots of kids start working in high school to get gas/car/insurance money. We grew up really poor, and my dad was in and out of the hospital with 2 kidney transplants and dialysis. I screwed around in school and didn't have a scholarship so I graduated early and went into the Air Force. No college. I worked until I was able to get in the USAF (at age 17).
Many times the reason people are low(er) income is because they didn't do what was required to get out of the vicious cycle. My sister never did. She stayed home and worked crap jobs, had a kid from some random guy, and lived on benefits. She kept getting bigger and bigger until her liver started dieing, and eventually she died of liver failure. Sad part is she actually had a scholarship and took 2 years towards a nursing degree, but she decided one day she didn't like all the work it took so she dropped out.
Some people just don't want to work, or are plain old lazy. It isn't black and white.
I'm glad I retired at 59 1/2 a few years ago. Full pension AND full social security! This hag is getting butt hurt because folks like me knew how the system worked and made it work for us. I didn't want to work another five years so I took my retirement and now she says I should need to work another seven years? Lady, this is how you piss off your base and get labeled a RINO who lays with the Dems. It ain't your money!!!!! I saved my money, added to my pension, AND was forced to dump lots and lots of money into my Social Security so when I got to retirement age I could retire. I did it my way and I'm so glad God allowed me to retire when I did. That way I'm not too tired to come onto GAW and castigate you and your stupid decisions. Nikki, go back to India and POUND SAND!
Well, I can tell you that Nikki Haley didn’t do absolutely squat for South Carolina. That’s why she ain’t our governor anymore. I can’t stand her. I literally want to puke when I hear her speak.
With the cost of living nowadays she might be right, but no one working actually wants it to be raised. Instead the cost of living needs to decrease somehow.
This lady really is showing her true colors. She wants to track you online and make sure you can never retire. She is a warhawk. Give her the power and she will wage war with the u.s. military worldwide more so than we already are.
I have no idea what the retirement age here is in oz but I told my uncle I know its even later now when he mentions his nearly hit retirement.
I tell my kids, "do you get it now? They keep increasing the age as they want you working until you're dead".
Does anyone else think that the GOP candidates are deliberately shooting themselves in the foot? Or is it just me? Surely ALL of them aren’t that out of touch with real people. 🤪
The government is giving money to illegal immigrants, foreign countries engaged in war, and unemployed drug users, but she wants productive citizens to work longer to qualify for a retirement plan which they themselves pay for.
She feels like a caricature. It almost has to be deliberate. She couldn't possibly be this out of touch with real people.
same thought. She and they have to be a poison pill the white hats are forcing into the conversation. There are still so many "conservatives" that do not realize this is 5th gen life or death
They’re looking more and more like ridiculous caricatures. Birdbrain here is just the current one, spouting off with idiotic ideas. (And apparently birdbrain has already started backing off on her “identify all anons online” stance after the lash back, saying she meant only the foreigners).
Still not as idiotic as what the left puts out as “ideology”.
So..the people we don't actually have any authority over?
That's some obvious as heck backpedaling.
Yeah. And we know she had no intention of going after foreigners either, just wanted to hunt down domestic “dissidents” who don’t toe the commie party line.
She got reamed for the gestapo-speak and slithered right back into forked-tongue snake mode. Trying to wrap up communism in flowery words and call it goodness. Stupid birdbrain RINO.
Do you think she visited the island? Or is it just run-of-the-mill blackmail?
have you seen her daughter? yea, she's into black male.
Anybody running for president on the GOP side is a RINO. I think it's a setup that they're making themselves look so bad. Almost AOC level stupid
What she really means is, she wants to raise the amount of time that illegals(and other scourge) can mooch off of your money until you have a chance to touch it.
I mean, if that's how they want to play it, then stop deducting SS from our paychecks and let us invest it ourselves.
Amen! Most people have no idea how wealthy they would be if their Social Security contributions went into a private investment.
The answer to Social Security is not raising the retirement age and, in the process, screwing over people who paid in their entire working lives. The answer is to liberate that money from government mismanagement.
WTF 65 my ass...mine is already 66 and 4 months..the part that sucks when we were FORCED to get into this it WAS 65 and out and they changed the rules and then thers the potato that helped to tax 85% of it...fukin asshole
JP Morgan CEO Dimon held private talks with Nikki Haley “she is the only candidate that can save the economy” – https://www.dailymail.co.uk/news/article-12747711/JP-Morgan-CEO-Jamie-Dimon-held-private-talks-Nikki-Haley.html
Follow the money... who is paying her to say what she does?!
Fuck her.
I'd give you ten updoots if the system would allow it. This is exactly how I feel. She can go screw herself and maybe if she's bold enough, get passed around by the old Dem geezers who lust after young tail.
LOL
Keep digging that hole Nikki, soon you'll be in China.
Aren't China and San Francisco the same thing?
She's imploding right before our eyes.
If you are depending on the givernment to fund your retirement, you've done it wrong (even if you earned it)
Ass. Cut American's benefits but throw billions as well as young lives at third world countries. She's sickening.
In case she missed it...since the introduction of the COVID injection....life expectancies are going down....they won't need to change the retirement age once another 2-3 years passes and the serious cancers kick in....
Translation: Way to many working people are getting to much of "their MONEY" back.
Raise it to 80, Biden will be good with that.
Nikki Haley's problem is that not enough elderly people will still take the depopulation vax.
She is stupid. But what she really plans, now I can't prove it, is to do what Bush Village Idiot proposed: privatize social security.
Now the government owes the fund about 5 trillion depending on where you look and research.
Imagine privatizing a multi-trillion dollar retirement/social safety net program for the people and handing it to Blackrock.
They just want to steal what we are rightfully entitled to.
Social Security is a Scam
The solution is to abolish it and let people save for their own retirement however they want. But since it forces everyone to participate, as people get older they get an increasing sense of entitlement and dependence on the benefits. Eventually the retirement age has to increase and/or the money runs out.
In 2023, anyone who earns over $160,200 will pay FICA tax until they reach that number. Your percentage argument is typically what lower-income people use against people who make more than they do. What it really means is someone that hits $160,200 will stop paying FICA once they've paid $9,932.40 (this year - it will go up again next year). If someone else makes $50k for example, they would only pay $3100 in FICA. Yes - once a person makes over the 160,200 they are no longer paying the FICA, and the percentage they paid technically goes down if you count the extra salary, but who paid more into the system? If you make more you pay more in real dollars. You also go up in tax brackets the more you make, so you pay a lot more taxes. That same person or family that hit the magic salary number also loses a ton of the deductions the $50k family will get. In most cases those deductions are far more than the $6k or $7k difference in the FICA. Many of the deductions listed in this good article phase out at certain income levels: https://www.nerdwallet.com/article/taxes/tax-deductions-tax-breaks
Back when the max was around $120k I missed out on deducting education expenses for my daughter and several of the special deductions the gimmedat party puts in for their voters.
This is just BS and factually wrong. Everyone pays into the system when they start working (with a couple of exceptions related to student work or certain ag work). Nothing to do with low-income workers. I started working at 15. Working more years? You work until you can afford to not work. I will likely never reach that. Get lower benefits? Guess what - your Social Security benefits are based on what you paid in, so if you made less and paid less you will get less. Why should someone that made more and paid more get less and have to give their money that was stolen from them to someone who didn't make as much for whatever reason? And likely to die earlier? C'mon. Way to pick a stat out of thin air. Besides - the govt loves it if you die earlier so they can take that money you paid in and never got to use.
You are right about doing something about it, but I'm not sure abolishing it would work. People wouldn't have any retirement and would end up living on government benefits that would cost everyone even more money.
Maybe doing something like having a 2-tier system. First tier is regular Social Security (mandatory like now) but with a max salary threshold of $75k. If you make more than that, the second tier can be used. The FICA tax continues but at say 3% minimum, and the money goes into something like a 401k you control, and you have the option of having the govt pull up to 10% or even more (pre-tax). Businesses could also do things like their 401k matching up to a certain percentage like they do now. You would also have the option to just stop the FICA and not partake in tier 2, but you would have to live with the reduced benefits from tier 1. For those that choose tier-2 they would still lose their Social Security if they died before they got to use it, but their tier-2 401k would go to their beneficiary. They would also not be allowed to withdraw before a certain age (or death), and no loans against that 401k.
As for the retirement age increasing - if we had something like I just outlined it might not have to increase, or if it did, maybe only a year or 2. If enough people did tier-2 their retirement funds could grow much more than what their regular Social Security payment would be. Those people could retire early (giving up the regular Social Security) with their 401k, or wait until the retirement age and collect both.
I'm not a fan of the whole percentage arguments. Taxes suck for everyone - except for very low income people who end up getting more back from the IRS than they paid in thanks to earned-income/child tax credits and all sorts of other stuff. One of my in-laws used to get tax "refunds" over $10k and they were on welfare. They never paid anywhere near that level. The government uses that stuff to divide us, and they are really good at it.
If you want an indepth analysis on social security, I recommend looking into some of the speeches given by Nobel laureate Milton Friedman on the subject. Here's one https://youtu.be/rCdgv7n9xCY
The tax is a regressive tax. You pay taxes on the first dollar of wage income up until the cap, and then no taxes beyond that. Sure, the other income taxes have all kinds of credits, but that is separate from how social security operates.
Lower income people start paying earlier in their lives. By that I mean folks who start working right out of high school, if not earlier, because they did not go to college. Sure some folks have a part-time high school job, and some have jobs on campus, but I'm talking about the poor folks, not middle class and above.
Lower income people often have the most backbreaking, physically intense, jobs which often shortens life expectancy.
Yeah I get all that. I'm not a fan of the whole Social Security plan but until it changes it's what we have.
I still don't buy the low income starting work earlier though. Lots of kids start working in high school to get gas/car/insurance money. We grew up really poor, and my dad was in and out of the hospital with 2 kidney transplants and dialysis. I screwed around in school and didn't have a scholarship so I graduated early and went into the Air Force. No college. I worked until I was able to get in the USAF (at age 17).
Many times the reason people are low(er) income is because they didn't do what was required to get out of the vicious cycle. My sister never did. She stayed home and worked crap jobs, had a kid from some random guy, and lived on benefits. She kept getting bigger and bigger until her liver started dieing, and eventually she died of liver failure. Sad part is she actually had a scholarship and took 2 years towards a nursing degree, but she decided one day she didn't like all the work it took so she dropped out.
Some people just don't want to work, or are plain old lazy. It isn't black and white.
I'm glad I retired at 59 1/2 a few years ago. Full pension AND full social security! This hag is getting butt hurt because folks like me knew how the system worked and made it work for us. I didn't want to work another five years so I took my retirement and now she says I should need to work another seven years? Lady, this is how you piss off your base and get labeled a RINO who lays with the Dems. It ain't your money!!!!! I saved my money, added to my pension, AND was forced to dump lots and lots of money into my Social Security so when I got to retirement age I could retire. I did it my way and I'm so glad God allowed me to retire when I did. That way I'm not too tired to come onto GAW and castigate you and your stupid decisions. Nikki, go back to India and POUND SAND!
Birdbrain just keeps on squaking
Well, I can tell you that Nikki Haley didn’t do absolutely squat for South Carolina. That’s why she ain’t our governor anymore. I can’t stand her. I literally want to puke when I hear her speak.
Let me see, what can I say that will alienate the entire population against me? Oh, I got it! Duuhhhhh
with half the country taking the clotshots... 65 will be PAST life expectancy for them.
Gotta keep 'em working so their tax dollars go to Israel.
She never fails to disappoint. Fuck off Nicky.
With the cost of living nowadays she might be right, but no one working actually wants it to be raised. Instead the cost of living needs to decrease somehow.
Regular retirement age is 67. If you want to retire early and not get the full retirement amount, it is currently at 62.
Trump is a boomer
What reason is there we keep talking about what this 0-voter turnout rino from India hack has to say?
It’s like she’s trying to run a parody of a tone def political campaign.
This lady really is showing her true colors. She wants to track you online and make sure you can never retire. She is a warhawk. Give her the power and she will wage war with the u.s. military worldwide more so than we already are.
I have no idea what the retirement age here is in oz but I told my uncle I know its even later now when he mentions his nearly hit retirement. I tell my kids, "do you get it now? They keep increasing the age as they want you working until you're dead".