ST Alpha - "whats the point of having SS if the payments are cut down to the level of street corner begging donations -- nm" (Reading a Post)

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In response to "since its semi-controversial conversation day: There are 4 ways to reduce the deficit, which do you favor." by tRuMaN

whats the point of having SS if the payments are cut down to the level of street corner begging donations -- nm

Posted by zeitgeist Oct 15 '10, 11:36

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Responses:

you could limit ssi for incomes higher than say 75k a year. you could raise the age, you could raise the amount taxed, all would drastically cut its - tRuMaN Oct 15, 11:37 5
- Social Security payments are already reduced or eliminated if someone has earned income over a certain amount per year. -- nm - Trish Oct 15, 11:45 4
  - it shouldn't be based on 'earned'. I know extremely wealthy people who receive a ssi check each month -- nm - decline Oct 15, 11:49 2
    - Once the first generation got past the supplemental income and labor shift aspects of the program, everyone came to see it as a forced bank account. - Max Oct 15, 11:57
    - exactly -- nm - tRuMaN Oct 15, 11:50
  - the key word is earned. -- nm - tRuMaN Oct 15, 11:48

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