Democratic Senator Introduces Bill To Lift Social Security’s Tax Cap, Extend Solvency For Decades

[TheKentuckian]

33. This is kind of a step in the right direction but I think there needs to be some way

of not creating a bigger trust fund that politicians can waste on tax cuts an wars and work like the devil to screw us out of.

I think that is where it gets complicated because by law Social Security as to by Treasury Bonds which makes the treasury look flush. I think we need "the lock box" or something along those lines or we run the risk of fake fixing the the fake problem and next thing you know fuckers are screaming about the 100 trillion dollar Social Security problem in a generation kinda like now. About 30 years ago we took a "balanced approach" which raised the cap, raised the revenue to the point where we are supposed to be effectively paying for our seniors and ourselves as is, and raised the retirement age for future beneficiaries for the exact same known and accounted for issue, yet here we are again.

I think that is a problem that raising the cap or raising the age just works as a bandaid bridge to the next hijacking.

If it is what we have to do to get over the hump with our benefits intact while increasing economic fairness then fine but I think we have to long term fix the looting trap so we can broaden the net and give it greater substance instead of living in a mix of fear and anger that the knife (or the scalpel) is coming from all sides.

We badly need to lower the retirement age, I think there is potential for dynamic action.
Imagine folks in their fifties with decades of know how free to take wise risks without fear of destitution and lack of health care. Combine that with more opportunity in the labor market which puts some upward pressure on wages.

There are no projections no matter how far in the future that indicate an increased need for labor on the whole, none. Some fields, possibly. Overall, no way. We need to deal with that reality and allow people some choices that potentially allow an orderly transition rather than an automatic and cruel trainwreck like we are heading to now.

At least start in that direction, eventually the demand for labor will be far too small to maintain the population under the current system. In fact, we have passed the event horizon already. Productivity, automation, and efficiency are too far along and are gaining steam.

I know folks want to project out and see themselves as 70 and hale, more afraid of boredom and disuse than bouncing out of bed to a productive and well paying day and that is fine if that turns out to be your story but we can't pretend that has any real chance of being anywhere near the norm for many different reasons but most crucially, lack of plausible opportunity.