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Reply to "Harris tax plan - raising taxes on high earners"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I would prefer they stop taking social security out of my paycheck today and I never receive anything, even though I have paid into it for 20+ years. They need to stop social security because it taxes the working class to give to the wealthy retirees. [/quote] What would we replace it with though. We have good retirement savings and don't need social security but for many old people it's their primary source of income. I would guess there are a lot of retirees in similar situations. Social security can be a true lifeline for people who never made enough to build up a sizable retirement fund. It's guaranteed income. We need something for people who are too old to work.[/quote] It's going to run out at some point. There will undoubtedly be people who paid into it who don't get it back. We should gradually shift in that direction so it's controlled. Maybe eliminating it by 2-3% each year would get us there.[/quote]
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