Quote:
Originally Posted by DAVES
The first problem is we seek perfect answers but there is no such thing. Far as social secuity it is a prime example of mismanagement. Originally when started there were, if, I recall my reading, 12 workers for everyone collecting. WE are actually the problem. A huge mass of people retiring and going through the system. Today there are like two people working for everyone collecting. Social secuity had the numbers. They spent our money to expand benefits for those before us. They had a lot coming in. Now it is our turn. We paid a lot we want ours.
Problem is we had no choice but to buy into the system. Private insurance would have been cheaper. Truly shocking reality. Our national debt. Social secuity holds 40% of it. Imagine financing an obligation with the obligation. It would be illegal for a company to do that. INFLATION is a slight of hand trick. We need more to pay inflated higher prices. We pay those higher prices with after tax money. People do not realize how much less they have even with the number going up.
Far as HATE, I do not hate Unions. I keep my HATE list as empty as possible so can give anyone or anything to make my list my full attention.
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Besides mismanagement there is one big issue with FICA which not only covers Social Security, but also Medicare. Instead of there being a percentage of total earned there is a cap of $160,200 in 2023 and $168,600 in 2024. You remove the cap and clamp down on off the book work and you'll see this problem disappear. Off the book work in this country is everywhere.