Call me crazy but....

[MichiganVote]

What I hear about the new proposed means tested plan to rob us of the money we have paid toward social security goes something like this:

55 or older, no change

$20,000 or less in annual income (for how long), increased SS at retirement

Over $20,000 expect to pay increased fees for the "safety" of social security regardless of whether you make $250,000 or $21,000

And the funniest line of all,

The wealthy (????) will accept less of a benefit so that the impoverished can have more because they will pay the same fees at the middle class who are considered to be anyone with income over $20,000 and under $90,000. Meaning if an annual household income is over $90,000, you're rich?

Need help understaning this latest farce from the republicans

[fighttotheend]

1. that's why we should all quit our jobs and go on welfare

or we can all go work for wal-mart and make 15,000 ayr and still get nice ss checks (no pun intended:dunce:

just kidding ppl

[MichiganVote]

3. The assumption being that if you have a 401K plan you

don't need SS. Yet isn't that why people initiated 401K plans, b/c SS is not enough to retire on anymore?

[fighttotheend]

2. there just a bunch of wackos didnt

they give tax breaks to the rich but rich meant 200,000+, now this

[Robert Oak]

4. shocking amount of common sense

By having an aging population all be in abject poverty they will have
a crisis they have never seen.

Since pensions and so many things have been stripped in the last 30 years, this is what's going to happen...no one can save for retirement
on 20-30k a year anymore..nothing meaningful to last 30 years.

I don't know about their cutoffs and "means test" but I certainly
like the idea of a hidden tax of no SS benefits for the super rich.

Why should someone with a net worth of $1M also get SS benefits.

But, the devil is in the details. As I understand it currently
only the 1st 90k is taxed for SS so if they are the ones getting
denied benefits it still isn't putting the burden of a "hidden tax"
on the super rich.

Anyway, mighty "socialist" of them to be sure so let's look for the catch for they already declared war on the middle class so I'm looking
for the Trojan horse.

[wishlist]

5. Under Bush plan $20,000 & under will get same as current plan, not more

The current plan already has a built in advantage to the lowest earners. Bush's plan merely retains that same advantage (so as to not have to pay them welfare instead of SS) while reducing benefits paid to everyone else. Just wanted to clarify that since Bush sneakily worded his explanation to make it sound more generous that it really is to the low earners.

[fasttense]

6. Well I'm glad to see

that while I could barely afford to eat I was paying into SS that will go to someone else. Good, now that I've risen from the poverty level, I can rest assured that the poor will get what they have always gotten from SS, the middle class, including me, will see hardly any SS, and the wealthy really don't care about their SS money. Sooooo where did my money go?

[unhappycamper]

7. Under *'s plan,

your money goes to ponzi management fees for your private account.