Let's get rid of Social Security

[OfTheCross]

SSI and Disability pay can stay...but SSA is a wrap.

When SSA was created, you had to be 65 to get the benefits but men didn't even live to be 60 years old at the time. Life expectancy for women was only 64.

Life expectancy in the USA, 1900-98

u.demog.berkeley.edu

We were never supposed to receive this benefit. It as a "just in case" measure.

Nowadays, we're living to be 74 and 80 years old. So it makes sense why it's such a large expenditure.

The Social Security Retirement Age

www.everycrsreport.com

Social Security History

www.ssa.gov

 

[Godless Socialist CEO]

How about no

America’s homeless ranks graying as more retire on streets - OPB

 

[Bboystyle]

What a dumbass thread

 

[Godless Socialist CEO]

What a dumbass thread

Right, we’ve got a rising homelessness problem amongst people who are of social security age and OP thinks we should cut one their only ways of getting money off????? Wild stuff

 

[Studious one]

SSI and Disability pay can stay...but SSA is a wrap.

When SSA was created, you had to be 65 to get the benefits but men didn't even live to be 60 years old at the time. Life expectancy for women was only 64.

Life expectancy in the USA, 1900-98

u.demog.berkeley.edu

We were never supposed to receive this benefit. It as a "just in case" measure.

Nowadays, we're living to be 74 and 80 years old. So it makes sense why it's such a large expenditure.

The Social Security Retirement Age

www.everycrsreport.com

Social Security History

www.ssa.gov

If it makes you feel better, there has already been the claim that by the time you or I ( I don’t know how old you are, but I’m 42) would be able to get it, it will be obsolete.

 

[DEAD7]

I hope any UBI plans being put forth include scrapping social security.

 

[Raphaello]

It's inevitable. We can't afford to maintain it.

 

[barese]

We were never supposed to receive this benefit. It as a "just in case" measure.

Nowadays, we're living to be 74 and 80 years old. So it makes sense why it's such a large expenditure.

This is not a stable number you can foresee in the future.


Wait a couple of years until Covid stabilizes in lowering the life expectancy (and we still don't know the long term consequences on all organs - on brain, heart, liver, lungs...)...

And then possibly additional couple of years since the climate change will probably also lower the life expectancy...

 

[OperationNumbNutts]

It's inevitable. We can't afford to maintain it.

Actually we can. Folks just want to continue giving business tax breaks.

 

[OperationNumbNutts]

I say no and think it'll impact younger people more than older ones. You have old people still working cause they can't afford to retire. That prevents young folks from either getting a job or advancing.

 

[Pressure]

This argument is usually pushed by people who would like to put that additional money in their personal retirement accounts instead.

 

[Jesus H. Christ]

Actually we can. Folks just want to continue giving business tax breaks.

Exactly. Not just business tax breaks but huge military contracts as well. Funny how this country has money for that.

 

[phcitywarrior]

Definitely needs reform, the current run rate is not sustainable whatsoever.

 

[Macallik86]

What does OP suggest for the millions of Americans already living check-to-check with Social Security?

 

[Professor Emeritus]

I hope any UBI plans being put forth include scrapping social security.

Understandable but you'd have to do a phase-in of sorts, with everyone keeping the SS benefit they had earned pre-UBI.

SSI, welfare, and EITC definitely phased out too. Simplify all that shyt and just deal with the UBI alone.