Article DetailsBernie Sanders on Social Security | ||||||
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Social security has paid out what is due for over 75 years and has a $2.1 Trillion surplus, and would not run out for 25 years at the current rate. Sanders is first standing up against those who would seek to make cuts or increase the retirement age, and is instead proposing that we should drop the cap on the tax. Currently, only the first $106,500 of income is taxes, meaning the the super rich pay a very small percentage of their income to social security compared with the middle class. Sanders is proposing a bill that would tax all income the same, a flat tax if you will. For those proponents of a flat tax, why not start with social security?
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Dot Burkett
Thursday 25th of August 2011 06:48:43
what they r not saying is the money was loaned to the us govt, and something abt the loans mature and r due and payable
Dot Burkett
Thursday 25th of August 2011 06:53:09
I am not the financial wizard, but somewhere up north, ohio, indiana is the social security repository and they r holding the notes, bonds or whatever they r, and they have matured and r due and payable.
Mike Miller
Thursday 25th of August 2011 07:23:20
Hey you know i worked and paid my social security to the government the money i paid in i could have put it into a account that the interest would have compounded quadrupled by now i or anyone elese wouldnt have this problem what they choose to do with our funds .So now you think they have a solution to this ? The rich are gonna hold on to their money they run the Government because they can make as much as they want .... free enterprise so much for some ideas to take our money and see can it grow in some dumb program they assume was gonna make money . Oh it probably did but were we there to see how it was managed .NO they blew it like always so now we look at this Sanders idea and wait on the Rich .........................Happy waiting
David DuVal
Thursday 25th of August 2011 07:32:50
Mike Miller, If you had money left with interest, you would not be the at risk group that social security serves so much as those who would be in poverty without it. One of the reasons even now everyone throughout the world is putting their money US dollars is because of the shear size of our endowment. Social Security represents a large chunk of that, so you have earned security both for retirement and for the strength our system through social security. For all we know you would have taken that money and invested overseas.
David DuVal
Thursday 25th of August 2011 07:34:03
Dot Burkett, through those loans to the government by us, the United States is the strongest economy in the World by far. Take away all those loans and China is the strongest. Maybe that is what you want. I don't.
Mike Miller
Thursday 25th of August 2011 07:50:21
hEY GUY its already to late for me im just looking at the funds people like me have already invested and now its all gone . So who is the strongest? dont matter to me i and others that paid their hard earn funds are looking for there money . Not a blank check when you put the money in there hands to secure for yourself . Dont matter whos the strongest every citizen wants whats theres
Dot Burkett
Thursday 25th of August 2011 08:48:15
I do not want anything to happen to my country or her peoples. However, the Power Ball is bursting. We r not strong....and what is remaining is fading fast. Who's to blame? Everyone of us, from the little person to the President, and not just the current one. And all you have to do is look around you to know we are being lulled into a false sense of security where this economy is concerned. As for Social Security, that money was NOT supposed to be touched, by anyone. Lot of good it did to vote measures down only to find it was done anyhow. So when we default, are we still going to be the strongest economy? Or are we going to continue to allow China to buy up to bail us out?
David Oberg
Friday 26th of August 2011 02:15:27
The government came up with a brilliant plan to get people to invest in government debt without earning interest on the investment. Any of you who have the state quarter or now the presidential dollar collections own what amounts to a negative interest treasury bond. Thanks. Instead of getting a 3% return, your money loses at least 3% in value every year depending on inflation.
David DuVal
Friday 26th of August 2011 03:18:01
David Oberg, Think about how much the middle class has lost on the stock market, houses, energy prices, and wages in the last couple of decades. The investment with government with little or no interest in many cases proves better for people as they have security where their house or their retirement account completely failed them. | ||||||
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I'm all for it! Go, Bernie!