Striker to A Boring [email protected] • 7 months agoKeep in mind that social security is set to run out in 10 years time.lemmy.worldimagemessage-square165fedilinkarrow-up11.46Karrow-down185
arrow-up11.37Karrow-down1imageKeep in mind that social security is set to run out in 10 years time.lemmy.worldStriker to A Boring [email protected] • 7 months agomessage-square165fedilink
minus-squareBeautifulMind ♾️linkfedilinkEnglish88•7 months 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-square@[email protected]linkfedilink1•7 months 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.