Social Security to start cashing Uncle Sam's IOUs

Status
Not open for further replies.
jillio said:
You always have a choice. What you mean is, you refuse to make the choice because you are afraid of the consequences.
Click to expand...

There are really only 2 choices when it comes to not paying in to SS.....Both drastic. Leave the country or stop working. Taxes (potential) are the sole reason I closed my biz. Worked for me....for the people that worked for me, not so good.
 
TXgolfer said:
There are really only 2 choices when it comes to not paying in to SS.....Both drastic. Leave the country or stop working. Taxes (potential) are the sole reason I closed my biz. Worked for me....for the people that worked for me, not so good.
Click to expand...
You forgot prison.
 
There are many versions. Charities, donations, philanthropy, tax breaks, welfare-to-work, government at the local, state, federal, etc..etc...but not at the expense of corruption, backroom deals, and so on.
 
TXgolfer said:
There are really only 2 choices when it comes to not paying in to SS.....Both drastic. Leave the country or stop working. Taxes (potential) are the sole reason I closed my biz. Worked for me....for the people that worked for me, not so good.
Click to expand...

Ahhh...but it is still a choice. That is what I meant when I said that the consequences were too heavy for some to make that choice. What people really mean when they say the don't have a choice is that they don't LIKE either choice, but will take the one with the lesser consequences.
 
kokonut said:
There are many versions. Charities, donations, philanthropy, tax breaks, welfare-to-work, government at the local, state, federal, etc..etc...but not at the expense of corruption, backroom deals, and so on.
Click to expand...

Rather broad and generic. Got any details?
 
Tousi said:
We are supposed to be discussing ideas that we think will be good ones.
Click to expand...

To me it's simple. No more borrowing from social security. Secure investments allowing the fund to grow.

End social security as a retirement except for people choose to pay into it as such. Let people that wish to invest in something other than the government do so.

How it would work

If you chose to use SS for your retirement nothing changes.

If you chose to invest money is still withheld the same way. Half of your contribution goes into the charity fund and the other half is invested for you in a investment acct. in which you can chose where the funds are invested but can not withdraw until you reach 65. At 65 you may withdraw all of the funds or choose monthly payments. You will no be entitled to any other payment from SS but will be eligible for Medicare since half of your contribution went to that pool
 
Tousi said:
Well, if you do, let's hear them.
Click to expand...

I don't. That is why I am anxious to hear details from someone who is doing a lot of complaining, but not much searching for solutions.

My concern is more about the here and now. The clients I deal with need solutions now, and SSI is but one of the options available to many of them. Not exactly ideal, but it is what we have currently to deal with their problems and find a solution to their lack of productivity.
 
TXgolfer said:
To me it's simple. No more borrowing from social security. Secure investments allowing the fund to grow.

End social security as a retirement except for people choose to pay into it as such. Let people that wish to invest in something other than the government do so.

How it would work

If you chose to use SS for your retirement nothing changes.

If you chose to invest money is still withheld the same way. Half of your contribution goes into the charity fund and the other half is invested for you in a investment acct. in which you can chose where the funds are invested but can not withdraw until you reach 65. At 65 you may withdraw all of the funds or choose monthly payments. You will no be entitled to any other payment from SS but will be eligible for Medicare since half of your contribution went to that pool
Click to expand...

Thanks, TX; that sounds appealing. I'm sure others here can help expand on this or have additional ideas. Right now I am watching the Lakers, lol. Ooops, commercial over....
 
The problem with expanding SSI is that it does not come out of SS funds but General Tax. Yet it is distributed through. It creates a potential, at least, on close calls eligibility wise. It would be better to have a SSI office separately or disburse SSI through SSA funds while raising the FICA withholding
 
That idea is actually feasible, I would think.
 
jillio said:
I don't. That is why I am anxious to hear details from someone who is doing a lot of complaining, but not much searching for solutions.

My concern is more about the here and now. The clients I deal with need solutions now, and SSI is but one of the options available to many of them. Not exactly ideal, but it is what we have currently to deal with their problems and find a solution to their lack of productivity.
Click to expand...

That's fine where you and your clients are concerned and all as it is the law, their right, etc. But it seems to me the"here and now" as regards our lawmakers sure made for a mess that many outsiders saw years ago.

End of third...Lakers up by about 14. Cya!
 
Tousi said:
That's fine where you and your clients are concerned and all as it is the law, their right, etc. But it seems to me the"here and now" as regards our lawmakers sure made for a mess that many outsiders saw years ago.

End of third...Lakers up by about 14. Cya!
Click to expand...

Different professions should have different perspectives. The "here and now" perspective is much more suited to therapy and voc rehab than it is to politics. That is why I was asking for details from others.
 
TXgolfer said:
The problem with expanding SSI is that it does not come out of SS funds but General Tax. Yet it is distributed through. It creates a potential, at least, on close calls eligibility wise. It would be better to have a SSI office separately or disburse SSI through SSA funds while raising the FICA withholding
Click to expand...

Do you want abolish the SSI? How does disabled, blind or anyone who unable to work due medical reason could survive without money? It does include for deaf people who unable to find job at any reason.
 
Status
Not open for further replies.
Back
Top