I heard Epstein’s island is lovely this time of year.
politics
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Hypothetically, let’s say the administration cancels social security. What happens to all of my money I’ve already paid into the system? I’m not at retirement age yet. Are they just going to steal my investment?
You think?.......of course it's stolen
That's the great misconception and lie of Social Security. People think it's like a government run 401k, that you're "investing' in some retirement account every paycheck. That's not at all how it actually functions though. Social Security is two entirely independent things. First it's a benefits program like SNAPP or Medicaid. In that regard Congress votes every year on how much budget they're going to allocate towards paying people Social Security. Literally everyone receiving Social Security cheques in the following year are reliant on Congress deciding to allocate enough money to make sure those cheques don't bounce. Secondly it's an income tax. The two are not connected in any way. The amount of Social Security income tax that the federal government collects each year has absolutely no bearing on the amount of funding that Congress allocates for Social Security in the coming year.
Let that sink in.
Social Security is the world's biggest Ponzi scheme. Always has been. That's a huge part of why a lot of Republicans, particularly older ones (like ones around retirement age) are hand wringing about falling birth rates. Social Security always counted on the idea that there would be more people working and paying into Social Security than the number of people currently collecting Social Security. In a country with a positive population growth that would always be true. It ceases to be true the moment you have a negative population growth rate though.
They cap it at 160k a year. So if you make 3m a year, you'll only pay on what is due on the 160k.
Getting rid of that, along with taxing the rich, would fix that problem. If 8 people have more wealth than like 4 billion people, it's really not a "we need more people to keep this ponzi scheme" problem, it's more of a France in the 1790s problem.
This comment is so stupid I wouldn't know where to start to unpack it. This is such a bad take on so many levels it makes Sovereign citizens sound like supreme court justices.
In that regard Congress votes every year on how much budget they're going to allocate towards paying people Social Security. Literally everyone receiving Social Security cheques in the following year are reliant on Congress deciding to allocate enough money to make sure those cheques don't bounce. Secondly it's an income tax. The two are not connected in any way.
Social Security is not part of the normal budget. It and the social security tax are kept separate from everything else. Congress is not having to decide how much to find it with every year because it's cordoned off, and directly funded by it's relevant income tax. It has been pulling in a surplus, and has funds in reserve. The point where we begin drawing down that reserve is coming soon though, which is why it keeps making news.
cheques
I love when nonamericans storm in here acting like authorities on American things they very clearly aren't.

Listen to this folks, he's right. Even when the reserve runs out of money in about 10 years under the current structure, tax revenues will fund about 80% of benefits on an ongoing basis.
To everyone who says Social Security isn't sustainable: it's very sustainable. Just at around 80%.
To fund it at 100% long into the future they just need to raise the cap on taxable income.
What happens to all of my money I’ve already paid into the system? I’m not at retirement age yet. Are they just going to steal my investment?
The Reupublicans stole that money a long time ago.
"Surrender or it's your fault that I kill you!"... Fucking cartoon character
Better not be gone before I am or I will hunt you down like the devil cur you are, you diaper wearing sack of shit
It's not to bring down the deficit, it's to bring down his own taxes.
He wants a redistribution of labor income straight to his pocket.
Rich people don't pay SS taxes, essentially. There's a cap on wages that are subject to FICA, and the truly rich don't live off of wages anyway.
No he won't. EVERY Republican knows that if they end Social Security, every one of them will lose their next primary, and Dems will control Congress for decades.
Following WWII, Dems controlled Congress for years, because Americans didn't trust SS in the hands of Republicans. Eventually, even Republicans had to admit that it was untouchable.
He won't dare touch SS, or it will be the end of the Republican Party.
There have been so many things in the last some years that should have been the end of the Republican party...
Cuz doubting he’d do something idiotic that he first says he won’t do, then jokes about, then says he might do and eventually says he will do, has been working out great for you guys so far…
Maggots will believe whatever excuse he says after taking away all of their benefits.
I can already hear my mom, who's on SSDI, blindly parroting "well maybe it's a good thing they're getting rid of it."
But we don't speak anymore since she said the same about abortion, and she knows damn well queer rights are up next, and I'm queer.
That is if they allow elections.
Secure the military to stop coups. declare martial law hold mock elections
There are working playbooks for this all over the world.
Nine months ago, I'd have said the same thing about Medicare, but here we are today with a trillion dollars in Medicare cuts coming, on top of the trillion in Medicaid. And MAGA seems super happy about it.
Nah, they'll blame it on democrats and 30% will believe it. Which is also apparently the number you need to win a presidential election these days.
I don't think he intends for there to be any more free and fair elections.....
"every one of them will lose their next primary, and Dems will control Congress for decades."
Your optimism is blinding. The Dems will control Congress for 2 years, maybe 4. 6 at the absolute maximum. Your average Republican can watch their loved ones die because of Republican policies and blame Democrats 2 years later.
Also democrats won't do anything to make structural change in the economy or wealth of the country, so even if given the reins of power, they will only succeed at not actively making life worse.
The litterally blamed Dems for talking about how bad COVID was gonna be, causing their oppositional-defiant toddler logic brains to reject common sense measures to prevent getting sick and dying.
I'd like you to be right, but things have changed a lot since WW2.
For example, we have embraced the fascism that we previously fought.
Good! Without Social Security or Medicare we can afford TWO Golden Ballrooms!
-Republicans LITERALLY on Social Security and MEDICARE!
You all better give a shit, because I fore sure don't, I can let endless number of people suffer and die without caring the least bit about it, can you?
-Trump the Anti Christ
"We hate Mexicans!!"
ALSO PotUS "how mich money you jungle beaners want?"
MAGA has been told, and believe, that the Ds are responsible for the shut-down. Telling them that the Rs control both the House and the Senate receives blank stares, or goes right past them. If we lose SS and Medicaid, they'll still support the Rs.
Don't worry, the money will not be gone. It will go to the rich instead in order to trickle down...
Removing them was already in the plan. They’ll just get removed faster.
Man whose approval rating was already in the toilet wants to set a new beautiful record
The the only way the threat could be more existential is if he created literal death squads and started launching missiles around the world at random.
No problem. Just as soon as you pay me back those taxes I've been paying my entire working life. If you don't, things become difficult. And by "things" heh heh let's just say.... your ability to breathe on your own.
They are just emulating their favorite diety.