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In reply to the discussion: Strong opposition among young people to raising the Social Security retirement age [View all]exboyfil
(18,371 posts)27. The increase in withholding is after
the other things are done, and we still can't make the current benefit structure work. The young will have to have skin in the game as well. I don't like it because I think ultimately we could drive away our best and brightest if taxes get too high. I would prefer to see all income go to 6.2%/6.2% first (the high earners lose their lower percentage).
Thanks for the complement. I proposed this to Rep. Braley and one of his staffers, but they did not seem too interested (chased away by the cap removal I think), but he is still a very good congressman.
The one thing I can't understand is the talk about Social Security now. Medicare and Medicaid are the real issues that need to be addressed (along with cutting the bloated defense budget).
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Strong opposition among young people to raising the Social Security retirement age [View all]
eridani
Dec 2012
OP
I think if they simply moved the SS payroll cap up to 200,000 from the current 110,000, it'll be OK.
Selatius
Dec 2012
#15
Let's increase our Social Security paypents and payouts! I can't rely on my 401k to
grahamhgreen
Dec 2012
#25
You raise the age and a lot of these young folks would have to take their parents in
kimbutgar
Dec 2012
#38
Isn't that something that the older people are more ok with raising the age...
midnight
Dec 2012
#40