The fix is simple, just raise taxes! I pay enough in taxes, I pay for my fair share. I would rather end social security and have a private retirement account. Increasing my taxes, once again just shows what a scam it is.

  • Beetschnapps@lemmy.world
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    7 months ago

    Larson’s proposal would extend the standard 12.4% payroll tax, which is levied this year on all wage income up to $168,600, to income over $400,000, leaving an income gap that would be narrowed over time. Larson would also levy the payroll tax on investment income over $400,000; that income is currently not taxed at all.

    If you make less than 400,000 a year you would never see a new dime of taxes and social security would be solvent for your lifetime even with an increase in benefits.

    I wonder if anyone screeching about “my taxes” concerning this approach even makes over 400k YEARLY.

    It sounds like the raising “my taxes” bit is a lie, often repeated by people who are not so rich as to be affected. At best the argument is “I am selfish so fuck you”

    At worst it’s a deceitful argument that ignores how easy it is to continue a program that is the main thing keeping the elderly out of poverty.

    The same group of old people you will likely fall into if you’re making less than 400k a year these days…

    • some_guy@lemmy.sdf.org
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      7 months ago

      Had a meeting with a financial advisor to discuss investments to secure longterm security today. One of the things he mentioned, which I had not considered, was investing in companies serving the aging health sector. But that’s beside the point, just thought it worth mentioning as it tangentially fit what you said.

      Raise taxes. Taxes pay for things. You know how you’re mad that live is getting shittier in the USA? Giving tax windfalls to the ultra rich and corporations is one of the reasons for that. Reagan poisoned the well on government or taxes ever creating a benefit and we’ve been stuck on this party line ever since.

      RAISE FUCKING TAXES.

    • skookumasfrig@sopuli.xyz
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      7 months ago

      I have made over 400k several times, but not every year. I’d be very comfortable with that extra tax. They should definitely do it.

    • Neuromancer@lemm.eeOPM
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      7 months ago

      It would be people making over 168. The current cap is at 168k

      So yes, it would raise my taxes with a wealth distribution.

      • Beetschnapps@lemmy.world
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        7 months ago

        So you make above the cap? So you currently pay nothing?

        Are you planning to reject SS payments when you’re of age? I mean you didn’t pay in right?

        Are you saying that despite not previously having to pay a cent into into SS, and despite that you have access to SS benefits whether you pay or not, you consider it too much to bear to start paying anything?

        Again at best the argument is you’re selfish.

        • Neuromancer@lemm.eeOPM
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          7 months ago

          I put into SS. The amount I receive is capped but I pay more into the system then I’ll receive in a benefit.

          It’s selfish to say to keep my own money? That’s the opposite of selfish. It’s selfish to expect me to fund your retirement.

          • Beetschnapps@lemmy.world
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            7 months ago

            SS doesn’t fund people’s retirement like it’s an extravagant pension, it keeps the elderly out of poverty. Like you said the benefits scale so why refer to it like you’re personally cutting a check to send everyone in a cruise?

            You pay for roads you don’t drive on, I pay for schools for kids I don’t have, get over it. Selfishness isn’t a virtue.

            You are not rejecting the system making you a benefactor, by your own logic that ship has sailed. Congrats you’ve already contributed, and you’re not a slave and atlas has not shrugged.

            Right now you’re just making up reasons to be selfish… like you personally funding the nation’s retirements. Whatever you gotta tell yourself to feel good. It’s selfishness. Again, get over it.

            • Neuromancer@lemm.eeOPM
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              7 months ago

              I don’t see it selfish to keep my own money. That’s a weird view of being selfish

              Get over the desire to take money from other. It’s theft and the system isn’t sustainable. People should be personally responsible for their retirement.

              SS needs to be sunset and people need to save for their own retirement.

              • Beetschnapps@lemmy.world
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                7 months ago

                Do you have kids? If so then other people helped pay for their schools, if not then you’re already paying for other peoples’ kids school.

                Hell do you have insurance? Do you know how that works collectively?

                You are already paying for roads you’ll never drive but others can, firefighters you’ll likely never need but other will, etc etc. conversely you are able to drive from A to B because of financial input from people that may never drive the same road.

                You are already contributing to and benefitting from this “theft”you speak of. The difference seems to be that you take issue with knowing that you are helping other people. It can’t be the money, you are already benefitting from that and you’d have to be stupid to say you shouldn’t.

                It’s frankly kind of weird how much you are already benefitting from everything you call “theft,” it only seems to be an issue as soon as you’re asked to contribute your fair share.

                • Neuromancer@lemm.eeOPM
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                  7 months ago

                  I paid for their school. I wrote a check each month for their education.

                  I contribute my fair share to social security. It’s asinine to think otherwise. My benefits don’t go up as I pay more. I just receive less for every dollar that is stolen from me.

                  I’d rather eliminate social security.

                  • Beetschnapps@lemmy.world
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                    7 months ago

                    Didn’t think otherwise, just wanted to get to this part:

                    I’d rather eliminate social security.

                    You’d gladly use my tax dollars if it stopped your house from burning down, but you’d rather eliminate the single program keeping the nation’s elderly out of poverty than spend one tax dollar of yours. Certainly starting to sound like theft now.

      • PeepinGoodArgs@reddthat.com
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        7 months ago

        We should abandon elderly people to destitution and grow homeless encampments, for what? So you can retire on a fatter cushion?

          • PeepinGoodArgs@reddthat.com
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            7 months ago

            Lol, if anyone’s getting scammed it’s me! People often collect more social security than they put in. I’ve only been paying into since I began working, and have another 30 or so years before I can start collecting.

            So, yes, we should continue paying out social security because our entire society is a scam. It’s the least we can do.

            • jimbolauski@lemm.ee
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              7 months ago

              our entire society is a scam

              I’m glad you’re honest about social security and new deal policies. Though I don’t understand why you’d want to double down on them.

              • PeepinGoodArgs@reddthat.com
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                7 months ago

                I’m glad you’re honest about social security and new deal policies.

                Then I’m sorry to disappoint because it’s not fair to attribute such beliefs to me, particularly about the new deal policies, which led to the idealized American past that modern folks pine after, when I didn’t mention them.

                But since you brought 'em up, we should definitely double down on the new deal policies rather than continue to role them back. Lina Khan’s renewed anti-trust efforts are a good, strong first step, but we definitely need way more.

                • Neuromancer@lemm.eeOPM
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                  7 months ago

                  which led to the idealized American past that modern folks pine after, when I didn’t mention them. I don’t think many people idolize the great depression. WW2 ended the great depression.

                  • PeepinGoodArgs@reddthat.com
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                    7 months ago

                    WW2 ended the great depression.

                    TIL. There’s an obvious question though of whether the economic demand of hunting Nazis ended the great depression or some other economic or social policies or a combo of several.

                    I guess there’s no way we’ll ever know.

          • Neuromancer@lemm.eeOPM
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            7 months ago

            That is the issue. The system doesn’t work. It is just a wealth transfer which I am against.

            I would support taking the 12% and putting it into a private retirement account.

            It is unfair to ask the top 5% or 50% to pay for the bottom 50%. I already pay more than my fair share of taxes. People won’t take taxation seriously until they feel the pain. Spreading the pain across everyone may cause people to stop demanding more spending.

            We have a spending problem in this country and it can’t be solved by taxation.

              • PeepinGoodArgs@reddthat.com
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                7 months ago

                How do they do it in Canada and Europe? I seriously doubt they’re pushing 'em out into the ocean like, “Go be with the seals! We’ll miss you!”

                  • PeepinGoodArgs@reddthat.com
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                    7 months ago

                    Uhh, well, I support voluntary euthanasia. People should have every right to end their lives on their terms.

                    It’s the same for elective abortion for me: people should have every right to bring life into the world on their terms, too.

                    But that still wouldn’t solve the social security problem…