The Briefing Room

General Category => Politics/Government => Topic started by: mystery-ak on September 12, 2019, 04:08:57 pm

Title: Warren unveils Social Security plan that raises benefits by $200 per month
Post by: mystery-ak on September 12, 2019, 04:08:57 pm
Warren unveils Social Security plan that raises benefits by $200 per month
By Aris Folley - 09/12/19 09:02 AM EDT

Sen. Elizabeth Warren (D-Mass.) released a plan to bolster Social Security on Thursday that would raise benefits by $200 a month for current and future beneficiaries of the program.

Warren would fund the hike in benefits by raising contribution requirements on the nation's wealthiest households by imposing a new Social Security 14.8 percent contribution requirement on wages above $250,000.

Warren would also create a new 14.8 percent contribution requirement on net investment income on individuals with investment income above $250,000, and families with investment income above $400,000.
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Investment income right now is not hit with a Social Security tax, and taxes on wages top out at $132,900 — a figure that is raised annually.

“Currently, the rich contribute a far smaller portion of their income to Social Security than everyone else,” Warren said in the email unveiling the proposal. “That’s wrong, and it’s threatening the solvency of the program.”

more
https://thehill.com/homenews/campaign/461046-warren-unveils-proposal-to-increase-social-security-benefits-by-200-monthly
Title: Re: Warren unveils Social Security plan that raises benefits by $200 per month
Post by: Bigun on September 12, 2019, 07:41:42 pm
Buying votes with other peoples money!  How novel is that? /s
Title: Re: Warren unveils Social Security plan that raises benefits by $200 per month
Post by: cato potatoe on September 12, 2019, 08:02:07 pm
What a ridiculous proposal.  Social security benefits are indexed based upon taxable SS wages.  The upper class already gets screwed on their return.  But no doubt your average dim would approve of theft by any means.
Title: Re: Warren unveils Social Security plan that raises benefits by $200 per month
Post by: skeeter on September 12, 2019, 08:06:04 pm
Quote from: Bigun on September 12, 2019, 07:41:42 pm
Buying votes with other peoples money!  How novel is that? /s

The rat robs Peter to pay Paul, then robs Paul to pay Peter.

In Nov Peter and Paul march hand in hand to cast their vote for the rat because, well, perhaps they're stupid enough to believe it pays.

Thats the plan.
Title: Re: Warren unveils Social Security plan that raises benefits by $200 per month
Post by: aligncare on September 12, 2019, 08:24:04 pm
Quote from: Bigun on September 12, 2019, 07:41:42 pm
Buying votes with other peoples money!  How novel is that? /s


A grand old political tradition, this “walking around money;” writ large for America’s 21st century neo-socialists.
Title: Re: Warren unveils Social Security plan that raises benefits by $200 per month
Post by: Jazzhead on September 12, 2019, 08:31:34 pm
Quote from: Bigun on September 12, 2019, 07:41:42 pm
Buying votes with other peoples money!  How novel is that? /s

Completely irresponsible, and brilliant politics.   More money for everyone that can be pitched on a t-shirt or lapel button.   

I'd be curious to see how much it would cost if provided for honestly - that is, by a uniform percentage increase in the FICA contributions that all working individuals and their employers pay.   But libs now denounce FICA as a regressive tax, and demand that broad-based entitlements be asymmetrically paid for by the "rich".     
Title: Re: Warren unveils Social Security plan that raises benefits by $200 per month
Post by: IsailedawayfromFR on September 12, 2019, 08:41:46 pm
Quote from: Bigun on September 12, 2019, 07:41:42 pm
Buying votes with other peoples money!  How novel is that? /s
Buying votes has been the Democrat party's modus operandi since the Tammany Hall days in NY.

And using immigrants to get votes was central to the practice.
Title: Re: Warren unveils Social Security plan that raises benefits by $200 per month
Post by: 240B on September 12, 2019, 08:56:40 pm
Why only $200?
Why not $2000 a month or $20,000?
As long as you are pulling fantasy dollars out your butt, go for the big time!
Title: Re: Warren unveils Social Security plan that raises benefits by $200 per month
Post by: mystery-ak on September 12, 2019, 09:07:54 pm
Warren wants to turn Social Security into straight-up socialism
https://www.washingtonexaminer.com/opinion/warren-wants-to-turn-social-security-into-straight-up-socialism (https://www.washingtonexaminer.com/opinion/warren-wants-to-turn-social-security-into-straight-up-socialism)