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View Diary: The Thing About Social Security (178 comments)

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  •  Eliminating the cap basically eliminates all (9+ / 0-)

    Social Security problems.

    That's especially true if we also tax investment income, and/or have a limit on the maximum Social Security monthly payment.

    There's no need to cut benefits.

    Stop telling us that we have to compromise now.

    •  but payouts are a function of contributions (0+ / 0-)

      eliminate the cap and the benefit payouts also go up.

      Please don't dominate the rap, Jack, if you got nothin' new to say - Grateful Dead

      by Cedwyn on Sun Dec 23, 2012 at 12:31:25 PM PST

      [ Parent ]

      •  There's actually a cap on payouts (0+ / 0-)

        which is why there's a cap on taxing income.  Remove the cap and allow the collection of SS tax on all income, earned and unearned, but maintain the cap on payouts.  It's a form of means testing, I suppose, but so convoluted that argument would have trouble taking hold.  Kind of like Dems are counting on Seniors to be so thick that they won't understand that chained CPI is code for cutting benefits and raising taxes on those least able to carry the burden.  Difference is, when you live hand to mouth, its a lot easier to notice the piece of bread that disappeared from your hand before it reached your mouth.

        "Power concedes nothing without a demand; it never has and it never will."—Frederick Douglass

        by costello7 on Sun Dec 23, 2012 at 01:19:54 PM PST

        [ Parent ]

        •  see, i consider chained CPI (0+ / 0-)

          with adequate protection for SSI/SSDI and those over 80 to be a stealth form of means testing and would end up paying less SS to those who don't need it while taking care of those who do.

          Please don't dominate the rap, Jack, if you got nothin' new to say - Grateful Dead

          by Cedwyn on Sun Dec 23, 2012 at 04:33:03 PM PST

          [ Parent ]

          •  Not even close (1+ / 0-)
            Recommended by:
            Roger Fox

            The "protections" proposed are for those already in abject poverty, not for lower middle class and middle class folks who are hanging on by a thread.  I guess once they too drop into poverty, they'd get that protection they needed to stay out of it in the first place.  And the formuli are always fucking bizarre.  Granny can't afford to eat, but, hey, she owns a car, so she's too rich to be protected.  "Protecting" people is how we ended up with the AMT, which terrorizes a good chuck of middle class folks (more each year) until Congress passes the annual fix.  You want protections on our most vulnerable?  DON'T CUT GODDAMN SOCIAL SECURITY!!!  There, that was simple enough.

            No, means testing is means testing.  Stealth means testing is eliminating the cap on taxes, but not the cap on payouts.

            Chained CPI is a stealth way for the government to slowly starve its "less necessary" people to death and to shift even more money from the poor and middle class to the very wealthy.  Chained CPI is throwing the frog in the pot and turning the temperature up slowly.  Everybody, except the frog, knows what's going on, here.  There is a class war underway.  Sadly, Obama just declared he's on their side, not ours.

            "Power concedes nothing without a demand; it never has and it never will."—Frederick Douglass

            by costello7 on Mon Dec 24, 2012 at 03:05:39 PM PST

            [ Parent ]

      •  Not if they adopt "Means Testing" which is (0+ / 0-)

        recommended by Bowles-Simspon.

        A simple change in the "Bend Points" will offset any increase due to raising the wage cap.

        This may come in Round Two.

    •  cap benefits, a means test (0+ / 0-)

      turning SS into welfare, a big step that would make SS something unrecognizable from what its been since 1935.

      Leave SS alone

      http://www.dailykos.com/...

      FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Sun Dec 23, 2012 at 08:18:19 PM PST

      [ Parent ]

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