Re:Fewer young men are in the labor force, more are living a...
by 1-6 on Friday June 11, 2021 @04:37PM
(#27478165)
Let's not forget that the Social Security is not getting funded so it's probably going to dry out sooner.
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Re:Fewer young men are in the labor force, more are living a...
by toomuchtodo on Friday June 11, 2021 @04:52PM
(#27478335)
Let’s not derail the thread. Social security is underfunded, but will continue to provide benefits at a reduced level (~76%) when the trust fund runs dry in 2034 (which is just accounting in the gov budget). A variety of small measures can be implemented to ensure ongoing solvency, and likely will take place, even if extreme measures like a contribution from the general fund is needed. The US does not default on its obligations, and as long as there is economic activity, there will be contributions to social security.
Re:Fewer young men are in the labor force, more are living a...
by JJMcJ on Saturday June 12, 2021 @05:18PM
(#27487511)
Removing income cap on Social contributions would be enough, or 1% more on the tax rates with current income cap.
Re:Fewer young men are in the labor force, more are living a...
by anoraca on Friday June 11, 2021 @04:47PM
(#27478267)
It's constantly funded with taxes... why would you want a bunch of money sitting around losing value to inflation?
Re:Fewer young men are in the labor force, more are living a...
by tacocataco on Saturday June 12, 2021 @11:02AM
(#27484943)
Just take the income cap off contributions. What's it at, $110-$150k?