@halosithmaycry3529 it's rigged in the sense that the DNC and RNC spend so much money that eclipses any idea of 3rd party viability. Get money out of politics and first past the post voting systems.
Republicans took the money to pay for every war since. People think our debt is to over countries but it's 60%+ what they owe us in SS. It's the gov. that kicked it down the road.
They spent it buying votes from idiots, nothing to pay back unless you want to shut down the programs and deal with the screeching from someone you kicked off the gravy train.
TRUTH…politicians raise more money doing nothing and our Defense budget eats how much each year for what? Do politicians have SS or are they on separate fund for them…look back at each president and look who put us more in Debt…this guys is running again… “In the recent GOP primary presidential debate, former United Nations Ambassador Nikki Haley claimed that President Trump added $8 trillion to the national debt while Florida Governor Ron DeSantis said that President Trump added $7.8 trillion to the debt. These statements are true, depending on how you measure additions to the debt. We estimate the ten-year cost of the legislation and executive actions President Trump signed into law was about $8.4 trillion, with interest.” Trump was the worst!
Also register rent income as idk, income that they need to report and limit the amount of property and individual or company can rent out as homes. Make apartments work like HOA profits.
@@kaivickers166 this is untrue, leftist progressives like Bernie sanders said plain as day he was going to address this problem and the entire American electorate tossed him away like a soggy sandwich left in the fridge
I don’t understand why this isn’t one of our biggest priorities Just to clarify we (gen z here) get to: - Spend a larger % of our income just to stay alive - Spend at least ~$30K you don’t have on education just to be competitive for a starting salary that’s barely livable - Continue to pay into retirement we’ll never see at a higher rate than any generation before us, for our entire working lives - Independently save for our own retirement on top of all this bc pensions and SS won’t exist, and living costs will be even higher - Be forced into the bullshit narrative capitalism has given feminism (both parents should work full time rather than “it’s fine if the husband stays at home instead”) - don’t even get me started on housing… So. Where are we moving?
Simple we get people all riled up about books that need to be banned and abortion and other things that we can get people to hate so that they don't notice the real problem till it too late and the rich people have already taken all the money.
Correct, no money for something that will take unlimited money. Debt goes up, inflation goes up, SS goes up with inflation. Debt goes up to pay SS, inflation goes up, SS goes up with inflation. Gee, why do we keep having to raise the tax rate?
@paulfornaciari6388 the federal reserve is 80% privately owned by Europeans. We take loans for military spending from the fed, guess what groups want a war in Ukraine the most?!?
No money for Americans. Look into how much money we send overseas to other countries and how much money is "lost". When 9/11 happened, there was 2 trillion dollars lost and untracked.
Gen X here. We've been hearing this since the 80s. The rich and the boomer gen have no interest in leaving anything for the generations that follow. They'll squander all the resources and leave us with nothing.
What does that have to do with social security? Social Security is screwed because Americans love stuff they didn't pay for and don't like math. If Americans didn't love stuff they don't pay for the SS tax rate would have been corrected decades ago. If Americans didn't hate math SS would have been eliminated in favor of putting that 12.4% towards private retirement accounts.
@BTrain-is8chI think you meant govt when you said Americans. I've never wanted to spend money to study the mating ha it's of frogs in Brazil nor to fund gender study programs in Pakistan.
@@MJIZZEL The federal government is a financial mess because of Social Security and healthcare programs. It has nothing to do with mating of frogs and Brazil or gender studies in Pakistan or foreign aid or military spending. Americans love Social Security/Medicare/Medicaid/etc because they're allowed to pay less than they cost and that's why those programs drive the deficit and overall debt. Eliminate all of that today, including the taxes that fund them, and suddenly the deficit is erased.
@@BTrain-is8ch Or maybe just have the super wealthy start paying their fair share, stop corporate welfare, and we can have retirement, health care, AND a balanced budget.
Imagine that. You screw with the economy, get rid of the guardrails preventing big companies from jacking prices, untax them to the point they hold 80% of the money hostage while claiming dollar value is falling, and suddenly the math that was working right ain't working no more. Who knew adding a few extra 0s at the end would change the balance.
They literally ruined the entire country’s economy, currency, and the economies and currencies of any other countries engaged in the corporate shit wheel, just so that corporations could be counted as “pEoPLe” LMFAO. Now how are they going to rule over us with their fake imaginary shitty money and poorly thought out rules 😂
@@gwendolyncolvin1606 Exactly and get this...EVEN if you leave the USA you STILL have to pay. You wld have to revoke your citizenship...thats what Tina Turner did lol. True facts.
@@pikapuff123 yes in theory you will be supported by the same system you are contributing to when you are older, but SS is running out fast and won't be able to help in the future.
@@poolboy1690 Yeah, we owe the debt to ourselves - as a collective - and that debt was created in a way that primarily benefits old folks that will die long before having to pay it off. It's the same as if we had laws on the books that forced children to take on the debts of their parents, in practice, at a national level.
We grew up being TOLD there would be no social security for us, even though we would have to pay into it. Taught this in school, as a fact. It has NEVER been okay.
Government sees it as free money from the people. I'm 58 and lost a leg, now SS says I can live on $1659 a month. I'm better off living homeless on the streets.
@@maranaomi8235At least you get 3 meals a day and a (safe or not idk) place to sleep. You may suffer all kinds of abuse, but same goes on the streets, especially for homeless women, so worth it for some to take that gamble.
Social Security tax is the lowest of the taxes, you pay more in Income Tax to your state then you do social security, hell did you know Social Security is the only tax with a fucking LIMIT?
@@Celtic_Bladefactually incorrect. More money does help, it just doesn’t help when a president does something like say…give 2 trillion in tax breaks to his buddies, aka 2 trillion in lost tax revenue.
The solution is to stop paying into social security everyone is on their own to have a retirement. It becomes your choice to start a fund and put in the money if not tough shit.
I'm 69 years old, this isn't the first time I've heard this. Election years it becomes a " gasp" big issue. " oh the debt, the debt." I guarantee you that those same people will do NOTHING.
Why is which we should march on the government builds. Oh wait we did that and everyone side it was a violent route when it wasn't. Even leftist are getting screwed, their just too dumb to see it.
Yeh if you or your old buddies are wondering why younger gens don’t put work first it’s because many younger people have no hope for the future. We won’t be able to buy homes,start families, retire, etc. Every single thing rhe older generations took for granted is out of reach for the majority of us. Even if we do work hard another economic collapse will set us back 2-10 years. The whole system is in free fall and the majority of older folks just don’t friggn get it
That's a real long winded way of saying "I don't care. I'll be dead before it becomes a real issue" And you wonder why the younger generations hate the boomers.
For 60 years for you the debt just increased and the people took it. Now we are getting closer to the breaking point, with old people like you next to us "push more it's fine, it won't break, stick didnt break for 69 years!"
It's not a scam. A scammer has to fool you to convince you to play along. SS and its taxes are FORCED against the people's will. It's WORSE than a scam because you're threatened with imprisonment if you don't pay into it.
How else are governments supposed to get funding for budgets? They can’t just conjure money out of thin air or force more money into circulation. Don’t use this issue to justify that taxes are something we shouldn’t be paying
@@korhol2065 They do that all the time….. money printer go burr Hell your taxes have already been spent years ago they just take them in so they can do quantitative easing to make up for all the money they’ve printed. It is quite litterally protection money “Nice life you got here, be a shame if we sent men with guns to throw you in a box if we don’t get 40% of everything you make”
@@korhol2065 There no way you seriously don't know how the US Gov't and Federal Reserve work. They quite literally have the power of make money out of thin air. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-1bV4aweiGmg.htmlsi=Z3eGrJgKkLg62gly
Americans pay BILLIONS to have top-of-the-line universal healthcare, immaculate infrastructure, and extremely strong borders - all for the people of Israel.
My family makes $7k a month and our bank account goes negative like clock work before the next paycheck kicks in. We haven’t gone out on a date since 2022. All we do is pay rent, bills, groceries, and gas. NOBODY is gonna be living off of $1,767 😂
Brother, I live in fckng Serbia and 3-4K a month is not enough for my household. My point is that inflation is raging worldwide, fckng war in Ukraine and crysis in Middle East is killing us all in many ways. Hope you'll change "something" in USA this year ;) As crazy as Trump is, at least world was a much nicer place with him in the office.
We can’t live off 2-3,000 while we are fucking WORKING no less retired so how the fuck do they figure that logic out if it don’t work while I’m employed how the fuck is it gonna work when I’m basically forced unemployed
Not a solution as the clip is showing. You could liquidate everything the millionaires and billionaires have and the government would waste it in record time.
@@MrShowoff27 except he's right Even the highest tax rates won't cover next-year's projected deficit. Social Security, and Military, need extreme cuts, and you need to be given your 6% back. When you mismanage money, we don't give you more- you prove you can manage it properly, THEN we give you more.
@@desiprioleau no we arent the feds tax us here in the USA under social security...that money supposed to be there on our retirement...it wont be and isnt already
It's after 400k. Also many landlords do not pay taxes, but raise rental rates in order to adjust for inflation. Along with businesses adjusting for inflation in order to stay in business but the 50 percent doesn't have anything but debt.
Lol but the social security check they receive is also capped... What you are advocating for is a total redistribution of wealth.. forcefully taking money from one person to fund a different persons retirement.. how many people do you plan to support? Or is taking someones money only for "the other guy" and not yourself?
There are two groups that attempt to address it: "Tea Party" Republicans and progressive Democrats. They have wildly different ways of doing it, so they don't work together. And then the establishment on either side will point and say "they wanna take your SS benefits!!"
Not trump trump lost money the first tike around and gad to make more back after he left office amd now hes comimg back again after getting richer in the private sector than He was the first time around. He didnt sell us out to like joe bidens son did with china
Republicans stole the money from the Social Security fund Republicans don't want social programs that take care of old people. Democrats wants to take good care of old people
Mostly true, but every time the right says the system needs to be overhauled, the left stands up and says the right wants to take old people's SS away. It is a great way to lose the vote of the elderly messing with SS because many rely on it and the left has done such a great job with the fear mongering that it is taboo to touch it.
That is simply not true. There is 1 party that is trying to address but the other party wants deregulation and let wealthy folks get away w paying percentage of tax this is less than a school teacher. This party is literally actively setting up government to fail..
Exactly ive been living and working the last 10yrs knowing im paying into social security that wont be there fir me when its my time. Guve me all my money now. Id rather mismanage my own money vs the government at this point
@@SerfinBird 💯. I was a union steward for 4yrs and literally had them tell me to stop asking for pensions and pay raise equal to cost of living. They told me I should be happy with what i had and appreciate. Once I broke down that I was working for them to sit back in 10yrs like fat cats on the last of the pensions, collecting social security, and having a 401k. Yea let's say I realized then there was a ageism issue about. I would be debt free if they let me keep MY Earnings
The same politicians complaining every time about how broke we are and how high our debt is, gladly pass lower taxes for the richest people and corporations, and give handouts to said corporations and even other countries.
Exactly. Don't get fooled by Republicans and rich liberals. They want you to blame the national debt, instead of trickledown economics. Progressives call out this BS all the time.
"people cant live off of $2-3k" "minimum wage doesnt need to be $15/hr and it should be a high schooler's wage but also we want to pay everyone as little as possible all of the time" - same mouths
Boomer economics have put this country in the ground. This alpha needs to be the natural successors to the great generation. Just like we are the successors to the lost generation... Everything moves in cycles. Weak men make hard times, true. But, they misattribute who are the weak one in this scenario...
@promethius7820 sad part is you're obviously not old enough to realize it's not a generational thing the government does this no matter the side you vote for
@misfit4ever01 the government does what it does on the majority's behalf. These are the people your generation elected. Why blame them for doing what they were elected to do? Unless you are arguing that the 'most free country in the world' isn't a democracy, in which case, nobody's will matters besides the plutocrats. Either way, it wasn't always like this. It was fixed after dealing with the Rockefellers, worked for a while, then Regan brought the Robber Baron's policies right back into the limelight. It doesn't work, it never did...at least not for the commoners.
It’s all about kicking the can down the road. The time to solve the problem was 2000 when the United States was at a better financial position. Then George W. Bush happened.
We weren't in a better financial position in '00. We were in the midst of a bubble created by bank speculation due to the gradual erosion of limitations/protections on how they invested our money. Glass-Steagall repeal was the final nail in the coffin. The party was over in '99, we just didn't get the bill until '01. GW was just a bystander.
@@asdfbeau Nonetheless, we were in a better financial position back then because it was before the QE and the debt was far far lower and the inflation rate was finally down around growth rate.
@@cthefro That was a redundant question.... Who owns the "{Federal}Reserve"???🥴🥴🥴🥴.... If the majority of Americans knew that there was nothing "Federal" about the "Federal" reserve.... There would be a literal uprising .... The Creature from Jekyll Island..... 😉😉😉
I have always found it odd that they get to vote on their OWN raises and paychecks. Fucking absurd. They are public SERVANTS. They should get minimum wage or work for free.
@@bradycraft95it would probably be better to pay them the median wage in the country and require a full blind trust for all of their financial assets. Essentially tie them to the well-being of the people.
@@jakewillits4678 yeah and we all see this issue, when are we going to stop simply talking about it and making videos, and demand the change we deserve. No it will not be fast but it will remain unchanging until debated by everyone possible.
We are forced to pay into something that won't benefit us. I would rather plan it myself but I'm required to pay into SS and will most likely not benefit from it
He also advised to link to politician s salary to the financial results of their conscription, state, country.....basicaly introducing responsability to politicians ( imputabilité)
you absolutely will not benefit from it. every penny you pay is going to a current beneficiary- they are using our money to pay our parents/grandparents ...so what happened to the money that our parents/grandparents paid? If any of us ran a business this way, we'd be in federal prison.
It's a pyramid scheme. They don't invest our money for us to retire. They just take it and give it to the elderly. The elderly would have more money if they just invested their individual money.
Its all smoke and mirrors. They created the currency, they printed it, and will print more. Keep the people divided and panicking every day about something different.
As a millennial, I am very aware of the fact that the money the federal government takes out of my paycheck every month is immediately given to my grandmother as her SS payment. My grandmother's net worth is somewhere around $5 million. She lives off the interest from that and receives over $20k a month. The other day, she wanted my help with her banking. Her checking account has over $75k in it. That doesn't count her 4 properties worth over $2.5 million, $5 million in investments, government paid healthcare, or her half a dozen "play money" accounts. Why is the government taking $1600 every month from people in my financially struggling generation to give to people like her? Why am I responsible for paying for rich elderly people, to whom shopping for things they don't need is a way to pass the time? Oh right, because they passed a bunch of laws to guarantee they would hold on to all of the money while my generation gets to fight over scraps. What a great system!
Should charge her for fraud she should be receiving any of that money she owed more into it actually i say she owed a couple million shes sucked way more out than she ever put in shes enslaved people to get rich therenwas no fair trade of goods and services for a fair reasonable profit margin. Theyres boomers paid 5 dollars a paycheck in and then they retire and we all pay a fortune in so they can pull a fortune out. They have 4 houses wirth 2.5 million. Why is irs demanding i pay 250 on thw only 1000 i made in a year i totally spent to survive yet boomer leech pays almost nothing and takes from everyone?
So she can pay taxes on it at about 33% or 35% including the NIIT at her income level and pay a monthly Medicare Part B premium of $400 or $450 so due to IRMAA. You wouldn't be taxed that much, but she is.
@Singlesix6 So someone with millions of dollars, diverse financial assets, and more than the average american salary in random checking accounts has to pay around 10% more in taxes than the average american who is paying 6.2% into supporting said wealthier individuals? While the government has openly said they will not receive as much when they're that age, and everyone knows they will likely not receive anything? Sounds like a scam set up to benefit the old generations still making the rules, and the government bankrolling the whole thing.
Your grandma paid into it. She should at the very least get her money back. It’s the people that never paid a dime into it that are draining it, but you blame people with money.
@Nitroscion it's not blaming people with money, it's saying people without money shouldn't be paying people with money when you know you won't see a dime of it back later. Also, I'm not sure how you figure people who didn't work are draining it. Unless you take a spouses benefit or something you don't get anything really
The fact that we all see that the government has a spending problem, and have for years, yet nothing is done about it goes to show that neither party really cares for the average American that pays their salary. Voting isn’t changing anything, so when are we going to take it into our own hands?
Voting isn't changing anything because people keep voting Republican, despite the fact that every economic metric proves the economy and the average person does better when Democrats are in charge.
@@WaxScum That's because Trump got handed a great economy by Obama. Then proceeded to print money for four years, cut taxes for the rich, and pay off zero debt. That's why we have inflation.
@@WaxScum The consequences of Trump's economic policies did not abrubtly end when he lost in 2020. In fact, the consequences were just beginning. As usual the Republicans left a mess for the Democrats to clean up.
@@HellWrex If this link gives you the same thing I was looking at when I copied it, it should give you a chart of the cumulative total debt of the USA from 1960 to the end of the last fiscal year: fiscaldata.treasury.gov/datasets/historical-debt-outstanding/historical-debt-outstanding The chart clearly shows multiple places where the slope of the line changes, showing that the debt is accumulating faster or slower. Please keep in mind that only the US Federal Government can issue money, so for US residents to have money to lubricate the economy, the gov't must spend money. A chart of debt divided by population would probably be more useful. Also keep in mind that the vast majority of US debt is owed to Americans in the form of Treasury bills, bonds, and notes. It's not like the country is in danger of being foreclosed on.
No one started their 401k at 18! No one will now! Eighteen year olds aren't making enough to put anything in. Those that have those dreaded student loans are paying those from 22 onward.
Those that have student loans that didn't consider how they would pay them back before they took them out don't get my sympathy. Taking on $100K debt for a degree where you will never make more than $40K a year is foolish. If you're smart enough to go to college, you should be smart enough to figure this out. College is a scam unless you have a direct plan for that little piece of paper to make you money.
@@JC-tq8gm Student loan companies are basically loan sharks. They dangle free money for your college degree and told us once we got a job we would begin paying back our loans at reasonable rates. When I got my loans they never explained how each loan you got would become due at the same time at different payment schedules. I only had $15,000 but 12 different loans. When totalled they came to over $700 a month which starting out in a job was more than I could afford. They suggested consolidation which locked my consolidated loan at a 9% rate instead of having the fluctuating interest rate which over the course of my loan was at times 2%. I paid my loans off long ago but the predator way these loan companies got students to sign was egregious. During Obama's admin they made the companies come clean and had to go over the term of the loans, how you would be required to pay them back and so on so anyone who got a loan from 2010 onward was told the reality of their loans and the costs each month. I personally think loans payback and tuition costs should be linked to your degree. A teacher degree should cost far less than a doctor or petroleum engineer who will make far more over the course of their working life so they should pay more in tuition thus more in student loan repayment. Garbage degrees like political science, women's studies, etc should not be allowed to be presented as a usable degree. Every person I know who got these garbage degrees ended up working retail which they could have done without going to college.
@@JC-tq8gm Hey idiot, the entirety of public schooling is just them advertising college. You don't get through a quarter without at least one teacher asking you what college you want to go to. And when you say you just want to join the workforce you're told the only real way to make a decent income is with a college degree. Millions of children are fed the promise that if they just get a degree everything will be fine. You're right that college is a scam so why are you upset at the children who fell victim instead of the intuition that's scamming them?
@@JC-tq8gmcollege is a scam for most people because many college advisors tell you to take the courses and get the degree you want, not actually advise you what will support you financially. in high school i was exposed to media saying that unless you go to college, you will be a failure and looked down upon by all your classmates who did go to college. that your classmate who got a degree will come to your humble blue collar job and essentially down talk you because "you're serving them". i was told even a useless degree has a better chance at getting you a job than no degree, because "it shows you can put up with BS". there is more to this than numbers, people aren't always "just stupid" -- many have been pressured to go to college since they were very young. peer pressure, teacher/parental pressure, media pressure, most high school/college counselors are either too apathetic to help students or not paid enough to be able to care...it is a complicated issue but simplifying it to "people are stupid" is just plain wrong. to know what to do with that piece of paper you have to have enough money to pay for a proper education in the first place. thus the cycle of class separation continues...
@@billsherman1565I mean the military industrial complex is a good place to start cutting it back. No one can contest the US military, you can take the 3 largest budgets in the world for other countries combined and it still won’t touch the US budget. Maybe forgive student loan debt, screw the people who say “I didn’t goto school I shouldn’t pay for your school” well guess what, someone in your family somewhere likely did. And if you’re a true patriot you’d want other Americans to have better lives and success cause that brings the entire country up. Spend more money on health care so a kid who gets a broken arm at 9 yo doesn’t financially cripple a family for the next 30 years. Give back to veterans, we spend money on multi million dollar missiles and burn a quarter million to shoot a gun for 7 seconds on a navy vessel, instead of putting that back into the people who are injured in the line of duty. Invest more in national parks and give states incentives for passing various nature related conservation bills. Maybe think about the future? No one is going to catch up to the US in terms of military power for the next 100 years if we slashed our military budget by 50%. No one is going to invade the US cause of all the guns every citizen owns, militias could form under veteran leadership and fight back any threat on American soil.
If you are 53 or younger you will not get social security. So why should Americans aged 16-53 continue to still pay into it? Facts: According to the May 2024 Social Security trustees report, the fund reserves that help pay for Social Security benefits will run out in 2035.
there isnt another year. The dow is way up but its all bullshit most stocks so hyper inflated you have to be warren buffet to get in. The few companies worth buying they shake you for even brining up while they buy bitcoin and are gender confused and dont know what public restroom they belong in. The boomers blew it mainly they are where a lot of blame lays its quite a shame their parents got drafted and their kids are living in venezualan level hyper inflation but they got all the golden years you wonder how corrupt they are when they enslaved us all to social security and college debts and real estate costs. We are dead broke. Another 50 billion to ukraine every time zelensky sends his monthly email but americans who just want to do nothingnexceot bring usa out of hell are ignored tread on and abused. Mainly by our own government. The is Voting is rigged. The vote counters are watching the count live so if the guy they dont like starts winning they cam just clunt the ballot for the guy they like twice. They lie about pipes bursting and the voting machine counters miscount and reject votes that go missing or are forgotten to be counted. This isnt fraud this is vaste melicious attack on usa and prosperity for humanity this is not ignorance this is malice hatred and evil thats happening for our society tp be so over the brink off the cliffs edge plummeting into hell. The anti corporation propaganda is wild they communicatically war against the corporations as theyre going bankrupt claiming theyre greedy afterntheyve been pimped and hussled for sport to pay for man created pandemic and never ending wars designed to bankrupt us. People are ofer paying for food thinking theyre going to go hungry in usa becsuse chicken cost 20 dollars when everyone else in human history paid less than 5. ukraine gets missles for free. Tanks for free. We pay. We put children on puberty blockers we impliment satans taxation and give atf the power to be judge jury and executioner and law maker theyre literally running around making gestapo look lukewarm man congress barely wags a finger theyre too busy trying to hussle us for another 5 bucks in taxes every time you spent 50 dollars because we are slaves we have been abused by this tyrannical government who is robbing and ensalving us.
Congress will find the money or they will be voted out. And they don't want to be voted out. They will wait until the very last moment like they always do.
Yes we would. They would waste any amount they got their hands on. We need to fix the government, not put band aides on bullet holes. If voters were smarter about who they elected, we might get out of this mess.
@@RobertLutece909 keep licking that boot. That's that pro billionaire propaganda. They pay that much in taxes because they own 70% of the money in the country. Billionaires should not exist, they wouldn't be able to spend that money in 2 lifetimes.
Fully disabled, put in 35 years worth of credits via multiple jobs at a time and overpaying in, I get $975 to live on. Thanks to being too young for the property freeze extended to elders, my home insurance alone when up 2 full months of disability.
@@Marlieeme if they put in 35 years worth unless they didnt work till they were 30 it also means they retired early on top of it, meaning they also get ssdi
@@steveharper879It’s not a suggestion, it’s a fact. They get what they put in. That’s how it works. Years ago, salaries/wages were lower and they did not start working at top dollar. Do people really not know how SS works? Sad. Should have prepared better. You don’t get more because you live in a certain area and you certainly don’t get more because you retired early and it needs to be spaced out for longer. 12.4% at todays average income (60k per year) for 35 years (even though no one starts at their highest point but for simplicity sake) is only $260,000. That’s not even $300k over their work history that they put away for him. Good luck spacing that out for the next few years as “income”. You do not get more than you put in. ✌🏽✌🏽✌🏽
so genX have no right for social security? maybe just maybe millinials and genZ needs to vote and get some progressives in office that will protect social security
This is false. Completely removing the cap would still only fund Social Security at about 80%. The problem is that low income people get too high of benefits based on what they paid in.
@@chiplangowski3298 no the problem was boomers that never worked getting it, a spouse can claim 50% of their husbands SSI and SSDI... even if that spouse never worked look at how many stay at home "moms" that retired compared to how many stay at home moms there are in todays generation they are giving old people way more then they put in 1. they were paid less as it was, but they increased the amount they got back cause of "inflation" (50 years ago mimnumum wage was 1.60) 2. they are giving people that didnt work money as well just cause their husband did? who wrote this idea? did they not understand the value of money changes? that people who sit around shouldnt be benefiting off of the younger peoples work, cause they are getting 150% of what they put in of course it would go negative
How about we fix the government and then we fix every thing else? No amount of money will fix the SS issue. The government will just waste it just like they have done all along. The more money they see there the more they mistreat the program. Vote smarter and we may be able to save it.
Social security, medicare, medicaid,and the afforable care act cost more than every other facet of the federal govt COMBINED! And we dont get access to these programs unless were below the poverty line or old.
@@silentedict4256 I think thats a big issue when it comes to tax. I live in Sweden and I feel like we have a much bigger trust in our goverment that they will spend out taxes wisely, I feel like people in the USA dont have the same trust. Also a cultural difference I guess, never heard directly anyone say that they mind paying for other people through their taxes when it comes to healthcare and education but it seems to be a common opinion in USA to frown upon the thought of paying for others well being.
Exactly. But to many sissies to do that. That's why they push LGBT movement. Feminine men equals weak men. Men controlled by dominant women equals weak men.
We really do but I don't think it will happen! There are so many that just put their heads in the sand when it comes to serious issues. They would rather not make a scene or cause issues than be able to live a comfortable life! We need a new revolution!
We really do but I don't think it will happen! So many would rather bury their heads in the sand when things get serious! They are more worried about not wanting to cause a scene or cause any problems rather than being able to live a comfortable life! The struggle is very real and only getting worse! If we the people do not stand up for ourselves we're doomed, a new revolution is needed!
He is completely misrepresenting the facts of the case for political purposes. Social Security has its own endowment, it is completely unrelated to the national deficit and debt that congress has racked up from frivolous spending. All of us who make less that $168k per year pay into social security are a rate of 6.2%. Earners who make more than $168k pay less than 6.2%. All you have to do is erase that cap, so that all earners (including the wealthiest) are paying the same 6.2% and social security would be properly funded into perpetuity without raising the retirement age or decreasing benefits.
All true. But demographics comes into play. Boomers is a large retirement group. Not enough workers to fund. That is what the Senator is worried about. Retired to the worker ratio is shrinking. Illegals do not contribute to the system but draw from it. Another problem.
@@forrestsory1893 *illegals contribute TO the system but don't draw FROM it. Illegal immigrants still have Social Security taxes pulled from their check, but Social Security benefits are only available to people with LEGAL Social Security numbers.
@@forrestsory1893 People here illegally pay all sorts of taxes that they receive no benefit from. Idk where this myth of illegal immigrants just eating up welfare came from when one of the first steps to apply is prove youre a citizen and qualify for it. Politicians keep drawing money from SS and defunding it, remember we have a group that wants to do away with it completely. Those same groups have perpetuated the myth that welfare is available to anyone that asks and pays out enough to live solely off the government. So many of the elderly see no problem with how SS is going because they live with the delusion that the government will help them. They then get to find out how hard welfare is to get and how little it actually pays out.
I remember standing on a street corner in 2011 with my culinary school mates, discussing the state of things at the time, and making this weird, solemn pact not to count on social security. Even then, we knew our money was being stolen and we'd never get it back.
@user-kz6jk6hk2o the social security issue is only an issue because one side of the isle is dedicated to removing social security from existence. We should be doing this and we need better leaders.
It isntna matter of how much money is taxed. It is how the money is used. They have spent like drunkern sailors. They waste money we don't have. 30 trillion in the hole and nothing to show for it.
@@BeyondTheAverageFilm The Social Security issue is because the value of the dollar is being highly inflated leading to less purchasing power. Both Rs and Ds are responsible for that.
Remember the same boomers gleefully cashing their checks will never let anyone tax them a penny for student loan forgiveness. This is why I say forget Student Loans and let me opt of FICA. Can we make that a movement?
@@danieljohnson6684 Exactly! No one wants to spend money on the student loan problem so just let us opt out of FICA. Why are we working to pay for someone's retirement? We are supposed to just throw away 12% and then an additional 5% which goes to our real retirement via our 401ks. It seems kinda entitled to have the younger generations pay for your retirement since you didn't invest in your own future.
@@Anans1_Spyd3r Correct, it is extremely entitled. That's why its called an entitlement. This is the typical socialist reasoning: you're greedy to want to keep your own money, but they're not greedy to want to retire off the back of your labor.
And you honestly believe they’ll spend that extra money well? The solution is to end social security. It’s a dumb fuck system that punishes people for making good financial choices by taking away their money.
Even with the cap at $168k, people at that income level get back a tiny fraction of what they pay in. Low income people get back vastly more than they pay in. That is why it is going broke.
@@alisonk5807because they had the power to choose to extract that much more from the people who make them that money. Why have a cap on it when the people that make over it will never need it? You have a completely backwards mindset, the idea should be to take care of the people who built this country so you could thrive in it, not extract the maximum from the people who built this country and then refuse to pay the same rate they do on all the money you extracted from them.
Appreciate all the work you’re doing my guy. Keep spreading the gospel so our generation can become more aware and elect people into office who will make the changes we need
Except this politician is advocating privatizing social security when the real solution is to raise taxes on the wealthy to increase social security/means test it.
It doesn't matter who you vote for, the same agenda will continue. Elections are there to give you the illusion of freedom Unfortunately, you're going to do something a lot more dramatic than change your vote if you want the world to change.
I wish I could spend my money poorly and just simply reach into my employers pockets and tell them "Sorry, I need some more of this money I didn't work for because I don't know how to budget properly." -- I'm starting to think the federal government forgets who their employer is. They don't exist without our tax dollars, period.
It has never actually been in the trust: since the day the law creating it was passed, Social Security was required BY LAW to send everything it didn't need to pay out benefits to the general fund. It does this by making the single most secure investment on the planet: buying US Treasury Bills. It then uses the interest it makes on those to pay benefits. Well, it did until Boomers started retiring and living to ungodly old ages.
Imagine being the person responsible for coming up with a solution for this problem, and instead taking pride in and claiming you have identified this problem, then using it as a "my job is done" card. And everyone is watching going "omg this guy is right. He's so smart." People are so damn gullible.
@@rodohara6215 You know you literally can't, right? Your application is your birth, and unless you're Amish -there is no choice to not pay into social security.
@@totalbuep so your birth is the application for Title 2 retirement benefits? lol. How can you bash a system that lifts 70 percent of elderly American out of poverty with every actual know what you talking about. And again if you don’t like it then don’t file a title application for old age retirement benefits when it is time for you to retire. But you will. Everyone posting here if they have earnings credits of entitlement will use the benefit. The GOP wants to take your stuff and you feed into the propaganda from a standpoint of ignorance. It’s a free country so far. Do what you want. Enjoy the benefits when it’s your time to use them clown.
How does this process begin to be initiated? Do we hire a lawyer, do we write strong worded letter, do we make a viral tik tok? How do we stop them from taking out SS from our checks if we are 53 or younger?
Im sorry but the last time i checked i didnt cause the trillions of debt, ill be damned if theyre trying to shake me for more money while we out here barely surviving
What they never tell you is that social security is "always running out" of money because they haven't voted on the appropriations bill that will extend its funding. Social security isn't insolvent, it puts more money into the economy than a lot of the economic bills passed over the last decade.
Also we have such high debt because congress keeps passing bills that inflate the military budget even though we already spend nearly a trillion dollars a year on our military. Why not use that money for the actual good of the people instead of the military industrial complex that's taking over the country... or has taken over the country.
You completely misunderstood what's going on here. You think when they get ahold of those rich people taxes they're gonna all of a sudden start allocating money correctly? It's not a lack of funds, they tax out the ass these days. It's poor financial management
Untrue. The government would waste it in a matter of a few weeks or months. They have no intent of being fiscally responsible so they shouldn’t get more taxpayer money. Screw em.
I'm retired and trying to survive on $1300.00 a month. I'm going to have to move out of the country next year Thailand or Vietnam just so i can live. Medicare is also a joke
l plan to move too. Because now days, l spend half a day at the shopping centre so that l don't use my own electricity etc at home. I sit in the food court watching movies on my phone, that's my retirement years for you. My local shopping centre is my 2nd home, my Multi-million dollar mansion.
You randomly naming people... next thing you know you'll be saying that the current president is responsible for 9/11. 😂😂😂 Both political parties have been borrowing against it.
Just remember that the Republicans in the early 1980s considered Social Security a "handout" that should have been eliminated. Almost every bad tax policy that we are suffering from now was created during the Reagan administration.
This may be what units the citizens of the US in using their 2A rights. I haven't ever expected to get social security since I learned more about it back in high school (graduated 2003).
This is just so wrong on so many levels. 1. Social security will not “fail” in a decade. The fund goes through different cycles of having more and less money saved up due to fluctuations in the population. With the boomers that reserve will likely be depleted in a decade but social security has always mostly been a pay-as-you-go system meaning that when the surplus runs out, 83% of expected benefits can still be paid out via payroll tax revenue. The remaining 17% will need to be made up for either by raising the retirement age by a few years or increasing payroll tax a few percentage. Honestly by the time people like us are retiring the system could be in another different state that’s hard to really even predict. 2. Investing your money as an alternative to SSI is a nice idea and something many financial planners recommend. That being said, doing it as a substitute is. Avery bad idea. The market will experience dips and crashes every decade or so for a few years. This level of instability is not very good for an individual’s retirement. What do you do if the market crashes and all of a sudden you have hundreds of thousands or millions of homeless elderly people because their retirement income was halved? The answer is that this has already happened, it was called the Great Depression, and we made the pay as you go system of SSI to fix it. 3. There are other misconceptions here but I’ve gone on long enough. But don’t be swindled by this boomer Republican asshole. These corrupt guys have wanted to privatize virtually everything in our life for their and their donors’ personal benefit and social security is no different. www.aarp.org/retirement/social-security/info-2020/10-myths-explained.html
Thank you! It baffles me how people are so concerned about this but never actually take the time to learn how the system works and see if what these people are saying is actually true
You can and should allocate your portfolio closer to retirement to be more risk averse. This isn’t complicated. I’m young so I invest aggressively. Closer to retirement age I will reallocate more conservatively. But the other thing people don’t talk about is my retirement accounts can be willed to family members and to charities. That means I can leave a legacy behind in a way that matters to me and make positive impact in my community. I prefer investing. If I get anything from SS we hope we won’t need it and just donate it to those in need instead. It’s so inefficient and sweat off the back of younger generations. Just a Ponzi scheme.
@@infiniteoctopaw the people keeping the worst of it going also want to remove all climate change efforts and begin drilling in the arctics because its more accessible. That hurts everyone.
Dont pay into social security. Pay the disabled vets and everyone else even grandma needs to get 3 jobs or else we are going to be debt slaves for life because of the slavery the boomers brought onto us all.
Appriciate all your work on this channel Fred,Im finally glad I have a voice that represents what Millennials been trying to warn about for decades but been called "Whiny,Lazy and Entitled"
We can transition from it so our contribution can go into a private retirement account and the employer contribution can go to SS to ensure the old people don’t die on the street. That transition process starting now will take us about 80-120 years to phase off of it completely.
I'm not sure you really understand the tax. All earners pay it, so if you make $500K a year, you pay SS tax on the FIRST $168K you earned, and everything after that isn't taxed by SS. That's why all people that work/earn money and pay into SS are eligible to draw SS when they retire, no matter how much money they have because they paid into it. In short, the rich do pay into it but they can also draw out of it at the max rate because they put in the max amount.
@@JC-tq8gm as a tax preparer I understand tax just fine. What I don't understand is the idea that because you make more than $168,000 you won't need that social security so you shouldn't have to pay into it which is exactly why people making over $168,000 do not have to pay into social security because they won't need it, meanwhile the people in this country who need it the most are screwed.
@@laoisem316 Obviously you *don't* understand, and even more Obviously you're lying about your profession. You specifically said only those making under that amount are paying. This is a fundamental misunderstanding of how SSI is handled. The only exemptions I can find (or ChatGBT that I also asked) are for religious purposes. Not because you make enough not to need it. That said, you *can* opt out of receiving it, (the benefits) at least for a time.
if the stock market is so good then invest the SSI in it now, but Stock market will crash soon and we are going in the tank. this is all due to Demorat/RINO uniparty starting with LBJ WTFU
False, there is a cap on the maximum wage amount that can be taxed. This year it is $168,600. Once an employee reaches that for the year social security is no longer being deducted. Republicans want to get rid of Social security because rich corporations must match employees’ social security tax amount. Abolishing social security is another tax cut for the rich. Raising the maximum wage subject to the tax will fund Social Security. Republicans just want to give their rich corporate donors another tax cut.
@@robertmartin6800 actually it is not. Cutting social security would be another form of corporate welfare, taking the tax away from rich corporations and putting back onto US tax payers to pay. Some corporations already pay their employees low wages. The working poor, which results in employees of mega retailers having to collect food stamps. This puts the responsibility onto US tax payers to pay welfare for the workers who stock the shelves or sell you your groceries. I don’t know why people are out here defending the billionaires.
@@aprilstull5874 We already pay for social security, we make half the contributions ourselves, cuts to its funding would benefit us just as much as our employers. Corporate welfare? Public subsidy to private corporations here in the US amounts to several tens of billions of dollars annually, most of which goes to farmers and car manufacturers, but we spend a trillion and a half dollars a year on our Social Security Administration _alone._ I'm not saying cooperate welfare is a good thing, they shouldn't be getting any either, but _their_ welfare, and the food stamps we're giving to all the welfare queens working at Walmart, are not what's currently bankrupting us. They _are_ hurting us, and we _should_ get rid of them too, but currently the single _largest_ public expense is our social security administration, followed very shortly thereafter by our public healthcare programs, are the real problems that we have to contend with. We could cut all corporate welfare and not notice we'd done it, it's such a small portion of overall spending. Being a twenty-something white man, I'm not seeing a _dime_ of that social security money anyway, it'll have collapsed a long time before I'll be allowed to retire, so why should I care if it's cut a little early? Oh no, all the boomers are gonna have to skip one their cruises this year? Might even have to sell off one of their spare homes? Horror of horrors.
Down goes Amerikkka. Time to grow your own food and trade. Let this evil system fall, & fall hard! United we need to stand, because the theft, hate, genocide, trafficking, & division has made it fall.
