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<p>[QUOTE="medoraman, post: 1179992, member: 26302"]I am relatively young, but disagree. First, they have raised retirement, I have to work until almost 69 to get full benefits. Second, it is NOT a welfare program. There is a cap on what you can draw, based upon how much you put in, (sort of). This works against your argument to raise the threshold as well, since if they cap the benefits, why should all income be exposed to the tax? Social Security should not become another welfare program, it is a retirement program in which what you draw out should depend on how much you put in. Personally I wish we could opt out if we were forced to invest the money privately, but that will never happen because the politicians want control of your money.</p><p><br /></p><p>To fix social security, they should predicate the benefits on all money you contributed, not just the last 5 years, or highest 5 years, and reduce the SSDI which is abused greatly, and scale back the payout. The payout has been way too generous the last 40 years. I strongly disagree with raising the amount of income subject to tax. Remember, the really wealth in this country do not have income, they have investment returns which are immune to this tax anyway.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1179992, member: 26302"]I am relatively young, but disagree. First, they have raised retirement, I have to work until almost 69 to get full benefits. Second, it is NOT a welfare program. There is a cap on what you can draw, based upon how much you put in, (sort of). This works against your argument to raise the threshold as well, since if they cap the benefits, why should all income be exposed to the tax? Social Security should not become another welfare program, it is a retirement program in which what you draw out should depend on how much you put in. Personally I wish we could opt out if we were forced to invest the money privately, but that will never happen because the politicians want control of your money. To fix social security, they should predicate the benefits on all money you contributed, not just the last 5 years, or highest 5 years, and reduce the SSDI which is abused greatly, and scale back the payout. The payout has been way too generous the last 40 years. I strongly disagree with raising the amount of income subject to tax. Remember, the really wealth in this country do not have income, they have investment returns which are immune to this tax anyway.[/QUOTE]
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