What Do You Think Should Be Done About The Social Security Program?

**Jenna** · 09-08-11, 09:25 AM

What do you think should be done to reform Social Security?

I think adding a Social Security tax to income above $106,800 would keep Social Security solvent in the long term (currently income earned after the first $106,800 per year is not taxed for Social Security).

**Jenna** · 09-10-11, 09:16 PM

I'm glad to see that adding a Social Security tax to income above $106,800 is currently the option favored by the largest number of O/R members who voted in the poll!

**Car 4** · 09-10-11, 09:39 PM

Jenna....I selected "Something Else".

I want YOU to pay me half of your salary and I will give up my SS check!

Car 4

**Rhino** · 09-10-11, 10:07 PM

At the risk of sounding like Rick Perry, I still haven't heard a reasonable argument as to how the Social Security program as it is right now is not like a Ponzi scheme.

**MacLean** · 09-11-11, 01:29 AM

Originally Posted by Rhino

At the risk of sounding like Rick Perry, I still haven't heard a reasonable argument as to how the Social Security program as it is right now is not like a Ponzi scheme.

Probably because there is no such argument.

**Rhino** · 09-11-11, 10:50 AM

I wish I had an answer. A few years ago, I probably would say the entire SoSec system needs to be abolished. But that's pretty unrealistic. I think there should be a government "safety net" program to help those who fall on hard times, but the current system seems too rife with corruption and abuse- not to mention a lack of logistic integrity.

There is no easy solution, but I think if we start with treating the people drawing Social Security has people and not numbers, we can start separating the wheat from the chaff and maybe save a few bucks. Or at least get the right bucks to the right people.

**Jks9199** · 09-11-11, 03:12 PM

Originally Posted by Rhino

At the risk of sounding like Rick Perry, I still haven't heard a reasonable argument as to how the Social Security program as it is right now is not like a Ponzi scheme.

That's 'cuz there is none.

It was a Ponzi scheme from the start. It still is -- but they've been raiding the coffer that's supposed to be paying the upper tiers, too.

And state lotteries are a numbers racket run by the state, too.

**Five-0** · 09-11-11, 10:29 PM

It is a ponzi scheme. Either do away with it or put the money in an account for the individual owner. The owner gets it lump sum at retirement with no tax penalties. If the owner dies before retirement it can be willed to a beneficiary(s).

And Jenna it scares the hell out of me that you are for the redistribution of wealth.