Reply to What Would You Be Willing to Do to Save SS?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'd go for increasing the taxable cap and decreasing the benefits for upper incomes.  But I also think we should increase benefits for people with lower incomes.  If your parents have $150K in retirement income, they've done a lot more than just save responsibly, they've also earned good income most of their lives and probably live in a home that's paid for.  Some people depend solely or primarily on Social Security and don't have any money left over.

I am not in favor of raising retirement age at this time.  While middle and upper class people are living longer, life expectancy for working class whites is going down, and many of them do physical labor that is really tough on a 67-year old body.[/quote]

thats lovely but SS is not a charity/welfare scheme.  White Middle class and working class ppl are dying quicker than before, everyone else's life expectancy has grown by quite a bit. there are a lot of jobs that aren't that tough- secretaries, cashiers etc. the problem is the health gap- we should be funding better food and medicine for all b/c frankly it is disgusting nah tin this day and age being rich buys you decades more of a good healthy life. the problem isn't the labor- its the fact that they cannot eat or don't know to eat a better diet.  Also raising the cap actually hurts middle class people b/c the truly rich get off scot-free while people who's kids make in the 200 grand scheme of things usually are being helped by their kids direct. ppl who make that kind of money are earning it through a salary and usually come from less privileged backgrounds. I have heard a 'donut hole' strategy where very high income earners- 400,000 plus are added after the present cap. I know that we use the $ after SS is maxed out to pay off student loans- my husband comes from a totally working class family, single mother and worked 3 jobs to get through college and 1 job  to get through a top 10law school whilst staying in the top ten in his class.   Why should we be punished while ppl like Mitt Romney pay an effective tax rate of 11% to pay for other peoples retirement when no-one helped us when we were poor youth? If you are in poverty you should be given help regardless and that should come out of fed/state income taxes,  SS isn't a  venue to alleviate poverty.  [/quote]

It absolutely is a social welfare program to alleviate poverty for the elderly. The problem is, well off people are receiving checks too, and defend it saying it is a savings, not welfare.[/quote]

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