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Reply to "Working well into your 70s because you can’t afford to retire. "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I have been assuming that SS will be means tested or otherwise not available by the time I retire.[/quote] There's an easy fix: Eliminate or raise the $127,200 cap on SS contributions, and implement means testing, since folks like Warren Buffett do not need SS. Those two things alone would make SS solvent for the next couple of generations. [/quote] The upper-middle class liberals here would scream holy terror. [/quote] I posted earlier. We are done with the cap by mid March. It's ridiculous that we aren't asked to pay more into the system.[/quote] Because we do not pay enough into the "system" as it is. Lets see, Federal, State, local, Property Taxes, Luxury Taxes, Sales Taxes, registration fees, gas taxes... What am I missing? Liberal, sigh.[/quote] You take much of what you get for those taxes for granted. It's been pointed out here many times before, maybe you are new here - if you don't like all of those taxes and you don't big gubmint and regulation, then there's a perfect place for you. It's called Somalia. Somalia is what you get when you don't have all of that pesky government, taxes or regulation. And if you aren't new here and have already heard this Somalia line before, then WHEN ARE YOU GOING TO LEARN?[/quote] We don't get as much as we should for our tax money. We spend a huge amount on education, nearly the most in the world, but don't have the best outcomes. It's the prime expenditure of most of our local taxes.[/quote]
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