Originally Posted by retiredguy123 (Post 1825580)

Allowing people to opt out would end Social Security. Do the math. The system is designed so that high income people get ripped off for the benefit of low income people. So, if you can opt out, the high income people would opt out, and the system would collapse. Social Security is a cleverly designed welfare program.

Originally Posted by tophcfa (Post 1825628)

What pi$$es me off to no end is that they call SS an entitlement. Entitlements are hand outs to people who did nothing to earn them, but somehow feel entitled to them anyways. Those of us who worked our a$$es off for many long years and had SS taken out of our checks every year are not entitled to the benefits, we are OWED the benefits. If the $$ was never taken out of our paychecks, and instead we were able to keep it and save it, we would not need SS. Stop calling it an entitlement and shore up the dam system so the people that are owed the $$ don't have to worry about a funding shortfall.

Originally Posted by Stuholden (Post 1825173)

For years our government has been unable to address the future shortfall in Social Security funding.
Now the payroll tax is being suspended and President Trump has said if re-elected he will kill this tax; without alternative funding the Social Security Trust Fund will exhaust in 3-4 years.
Am I the only one concerned about the future of my social security checks?

Originally Posted by OrangeBlossomBaby (Post 1825641)

I think you do not understand something - what you described, is an example of what an entitlement IS. By definition. If you ARE entitled to something - then that something is an entitlement. If you have the RIGHT to receive something - because you paid for it - then you are entitled to it by definition.

Social security is called an entitlement because it IS one, by definition. Things that people THINK they are entitled to, but aren't - are not entitlements.

Originally Posted by ruralgoddess (Post 1825667)

which is IMHO only right... plus the cap on taxable income for Social Security withholding needs to be eliminated.

Originally Posted by Bill32 (Post 1825188)

not a bit.....

Originally Posted by Schaumburger (Post 1825344)

I spoke to my employer's payroll manager about this a few days ago. My employer will not be participating in the payroll tax deferral. What benefit would this deferral be if workers have to pay this tax back by April, 2021?

Originally Posted by retiredguy123 (Post 1825580)

Allowing people to opt out would end Social Security. Do the math. The system is designed so that high income people get ripped off for the benefit of low income people. So, if you can opt out, the high income people would opt out, and the system would collapse. Social Security is a cleverly designed welfare program.

Originally Posted by Stuholden (Post 1825173)

For years our government has been unable to address the future shortfall in Social Security funding.
Now the payroll tax is being suspended and President Trump has said if re-elected he will kill this tax; without alternative funding the Social Security Trust Fund will exhaust in 3-4 years.
Am I the only one concerned about the future of my social security checks?