Message:

<p>[QUOTE=&quot;Hawkwing74, post: 1179983, member: 30896&quot;]Cloudsweeper, you are obviously pro-entitlement and anti-military spending. Many others, especially young people, don&#039;t have faith in the entitlements being there when we retire. I don&#039;t see how any tax increase can fund Medicare the way it is. I see Social Security as both a welfare scheme and a ponzi scheme, not an investment. I would instantly opt out of it and never collect a dime if I could. My 401k could more than double under such a scenario. </p><p>&nbsp;</p><p>I agree any solution will be painful, but I don&#039;t agree with your solution. </p><p>&nbsp;</p><p>I have always hated Social Security, but it is a popular program. I&#039;m sure I am in the minority on a coin forum when I attack Social Security. </p><p>&nbsp;</p><p>To keep it solvent, my plan would be 3 parts: </p><p>&nbsp;</p><p>1) Raise tax cap for Social Security way above current. Social Security tax is a reverse progressive tax. This is ridiculous. Working poor and lower middle class have to pay a full percentage of their income while people making more stop paying at $106,500. </p><p>&nbsp;</p><p>2) Rich retirees should not receive Social Security. If you are still making say $250,000 in retirement, you don&#039;t need Social Security. It is a welfare plan, not an investment plan. Some sort of sliding scale should lower social security payouts for those already making plenty of money.&nbsp; </p><p>&nbsp;</p><p>3) Raise the eligibility age like you said. Though who wants to hire 66 or 67 year olds? I&#039;m sure I don&#039;t know. But this is needed to save the program.</p><p>&nbsp;</p><p>I think Social Security is the least of our problems...Medicare would be much harder to fix. The problem with the entitlements is mainly demographics, and raising taxes to the moon doesn&#039;t mitigate that.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in