House Democrats Unveil Social Security Expansion Bill With Unprecedented Support | HuffPost
What a terrible idea. There is no huge retirement crisis, and expanding SSI will mean that millennials will ultimately pay more than half of everything they earn to support the well to do elderly. Baby boomers are by far the most financial secure seniors in history.
By its design SSI cannot be redistributionist, it cannot be seen as income transfer. That was how SSI was presented back in the day.
I am a fairly wealthy guy, probably top 3% in both income and 5% wealth, and I am on track to get $4100/ month in SSI when I retire. All my age related cohorts are in great financial shape too. We should not get SSI, but not one Dem has the courage to stand up to us and our voting block and tell us that benefits need to be cut.
Now Dems want to grow SSI. That is, eventually make me richer on the backs of millennials. How nuts is that?
What a terrible idea. There is no huge retirement crisis, and expanding SSI will mean that millennials will ultimately pay more than half of everything they earn to support the well to do elderly. Baby boomers are by far the most financial secure seniors in history.
By its design SSI cannot be redistributionist, it cannot be seen as income transfer. That was how SSI was presented back in the day.
I am a fairly wealthy guy, probably top 3% in both income and 5% wealth, and I am on track to get $4100/ month in SSI when I retire. All my age related cohorts are in great financial shape too. We should not get SSI, but not one Dem has the courage to stand up to us and our voting block and tell us that benefits need to be cut.
Now Dems want to grow SSI. That is, eventually make me richer on the backs of millennials. How nuts is that?