Striker@lemmy.world to A Boring Dystopia@lemmy.world · 1 year agoKeep in mind that social security is set to run out in 10 years time.lemmy.worldimagemessage-square115fedilinkarrow-up11.42K
arrow-up11.42KimageKeep in mind that social security is set to run out in 10 years time.lemmy.worldStriker@lemmy.world to A Boring Dystopia@lemmy.world · 1 year agomessage-square115fedilink
minus-squareBeautifulMind ♾️@lemmy.worldlinkfedilinkEnglisharrow-up90·1 year agoNo, it isn’t. That’s bullshit, a talking point designed to get you to give up on supporting it politically. But do you know what would help it in actuarial terms? 2 things: raise the federal minimum wage remove the cap on income subject to the social security tax When suppressing wages became a bipartisan affair, it hurt Social Security just as much as it did workers on the low end of the wage scale.
minus-squareDkarma@lemmy.worldlinkfedilinkarrow-up1·1 year agoAlso make the SS fund separate from the general fund and make the general fund (aka the military) pay back what they took from SS originally.
No, it isn’t. That’s bullshit, a talking point designed to get you to give up on supporting it politically.
But do you know what would help it in actuarial terms? 2 things:
raise the federal minimum wage
remove the cap on income subject to the social security tax
When suppressing wages became a bipartisan affair, it hurt Social Security just as much as it did workers on the low end of the wage scale.
Also make the SS fund separate from the general fund and make the general fund (aka the military) pay back what they took from SS originally.