@StephenMoore First of all, workers do not pay 12% of their paycheck into Social Security unless they are self-employed. Secondly, the reason Social Security exists is because folks would not save for their retirement. Finally, index funds do not come with a guarantee if the market crashes.
@BiatchDulce Many states have a higher minimum wage than $7.25 an hour. It would be interesting to know how many workers are actually paid $7.25 an hour, especially fulltime workers.
@JaredRyanSears The only ones that I have heard claiming it would be horrible to eliminate the SS tax cap to make Social Security fiscally sustainable are politicians from both sides of the aisle. Remember Biden promised not to raise any taxes on those making less than $400K.
@MarcoFoster_ One thing I learned by working with the homeless in DC for a number of years was that some of those sleeping on the streets did so by choice - especially veterans.
@theobjectivist Social Security running out of money has nothing to do with Trump's tax cuts and everything to do with not significantly raising or eliminating the income cap as the number of retirees and disabled drawing benefits increased. The Biden administration did nothing.
@SenWarren So, Liz, you want to blame Trump as usual. Yet we knew about potential insolvency of Social Security throughout the Biden administration so why wasn't the issue addressed then?
@KhanSaba1278 I live in Florida. I do most of my yardwork as the sun goes down or early in the morning. It's never more than one day a week - so what's the big deal?
@mattvanswol What has happened to North Carolina - Charlotte, Asheville, and now Winston-Salem? Could it have something to do with all the New Yorkers and Californians moving there?
@7why__ydm Most of us in our 80s have no interest in borrowing a large amount of money. We'd rather have more time with family and friends - not money.