Trump Eyes Social Security Cuts By Slashing Payroll Tax
Trump Eyes Social Security Cuts By Slashing Payroll Tax
"He is dusting off the old Republican playbook and bringing back the strategy known informally as 'Starve the Beast,'" said one advocate. "In this case, Social Security is the beast."
Cutting Social Security is also known as killing retirees.
91If they aren't making Republicans richer, the redcoats don't care.
9A neighbor of mine relies on social security and said he only gets $3000/year. He's a cancer survivor in poor health with crippling bipolar disorder and lives in a care home. The home provides food and shelter but not clothing or recreation, so the locals always help him out. He's only in his 60s. How is anyone supposed to survive like that? If they cut his pay any further he straight up won't be able to live.
6Well you see, at this point since he is no longer able to be exploited for capital, he is no longer useful to the ruling class, and must be discarded. He is a burden to the system an no longer has value. - right wing politics.
6My Mom will lose her home as well.
2
Lol you think they'll stop paying? If they cut the payroll tax it'll just get paid with debt....just like it is right now.
We need to get ss needs based.
3Cutting payroll taxes is also known as cutting regressive taxation
-4
How about we cut subsidies on oil, and corn, heavily tax carbon output, and put heavy tariffs on virgin plastics.. Doing that would increase life expectancy, AND improve quality of life.
56That's the opposite of what his side wants. It really seems like they're actively trying to force the apocalypse.
14For some of them, they are. There's a whole thing in the Bible about how bad the world has to get (including a war in Israel) for the second coming to happen, and they're trying to force it.
A ton of evangelicals believe they are living in the end times and there's no reason to care about the future of the planet or nation anyway.
11
If they’re not planning to pay it back, why am I required to pay into it?
45Working people support the retired people. That is how it started. There was no SS “savings” when it kicked in.
2Do you forego all insurance or just some?
1Social Security is a compulsory federal retirement plan.
1
You understand that the reason you have roads, schools, food safety, a legal system and all the other things is because you are a member of society.
Survival of the fittest means that it's unlikely that you would even exist, let alone have the ability or resources to use the internet to spread the rubbish like you just did.
-54Social security is a different kind of tax that is used to provide for you after you retire. This money is specifically for that and not roads and schools and things because we already pay other taxes for those things as well. If they take this money and use it for other things that's a broken promise for the people paying in.
69A society cannot function when the workforce is not paid at sustainable levels. The social safety nets must be funded by those who can, less you risk collapse of society.That’s when guillotines come into play. When peaceful revolution is impossible violent revolution becomes inevitable.
18
Let’s take SS payouts away for 20 years while we let it build back up.
-6There was plenty of money in that account, but the repubs keep stealing from it to pay for other things. Also wtf would anyone on SS do for the 20 years?
4
So, this is an unpopular opinion, but I kinda agree with this (how tf am I agreeing with that orange turd?).
I'm in my 40s and even at this stage I won't get next to nothing back for all the years I've been putting into social security because both democrats and republicans (mostly republicans) have been steadily taking money out of it in order to fund a multitude of government programs for decades.
Sure, this is not ideal, and the right course of action would be to lower out defense spending budget, and remove a whole lot of subsidies we give to industry that does not help us, but that would just stop the hemorrhaging of money in SS, but we would also need to calculate how much money was lost and replace 100% in one go in order to trully fix this issue.
Sorry bout the ramble, just woke up and on my phone.
-18Or rich people could pay slightly more and you could retire. Just saying.
351000% behind this. THIS is what I'm saying
3
If you never personally have to call firefighters because your home is never on fire, if you never have to use WIC, unemployment, etc., do you also think your taxes shouldn't go to fund them? Not funding a social safety net because you don't think you're going to personally get anything out of it is, I think, a very bad take.
16I don't think like that at all. We need to fund ALL of these programs 100%, it just feels like we keep funding them by taking cuts of social security istead of other things that dont need to be funded (ie. Corn, Oil, etc.)
2
Wait your hot take is "yes I agree, cut my government pension fund so that my EMPLOYER doesn't have to pay more taxes"??
This isn't you getting more in your paycheck now. This is your employer not having to pay as much in taxes. They will almost definitely not give you that money.
Sure I mean, the stock market might go up a bit for a little while with this extra cash flow, but eventually those people who would rely on the government pension fund will need to draw money from SOMETHING. Then those market gains will crash.
In what way is this beneficial beyond "stock market will go up a couple more years"? Which, by the way, unless you already have close to enough to retire now, just makes it MORE expensive for you to buy.
13No, my take is "it's in a coma and dying, so if we arent going to do the right thing to fix it, just go ahead and finish the job, pull the plug and burry it instead of just posing for your campaign pictures while you remove more organs from it"
-2
Worst case as-is, social security can make 80% of its commitments. This is a huge deal for most people. Hopefully we’d at least have the sense to prioritize lower income that need it the most - there are millions of our elderly who depend on this to live and you want to throw it away out of pessimism?
Are you aware nothing can take funds from social security? It’s more like borrowing. As we approach the cliff, it’s actually the rest of the government that will suffer first, with nothing to borrow
13Social security and medicare prevent huge numbers of people from falling into poverty at one of the most vulnerable points in their lives. Wanting to cut it because it doesn't help you is cruel. Just cruel.
12SS is insurance that you will not run out of savings. How many million do you have? You are going to need several.
1Its an unpopular opinion for a reason.
1