So what happens with Obamacare

[tokeprep]

they are such shitty programs that people left, right, and center yell and scream and cry if a politician proposes to get rid of them.

You mean old people and near retirees--who vote in the greatest numbers--who didn't save much for retirement or healthcare will call, because they're absolutely terrified of losing a dime of the money "They paid in all their lives"--even though they'll take out far, far more money than they ever paid in, but people are greedy and don't want to recognize that fact--and being left destitute, out in the streets, left for dead, and/or struggling to survive.

It's difficult to be an ideological purist when it's 25 degrees outside and you don't have a house, or when your stomach is grumbling and you can't buy anything to eat.

 

[Dr Kynes]

they need to increase the wage base limit

so... 1% of the population paying an extra 2% on their wages (not income, only WAGES) will fix the problem?

now im not full of Math, but im thinkin that wont do shit.

most "income" is not derived from wages for the people beyond the medicare/sosh security payroll tax cap.

 

[tokeprep]

they need to increase the wage base limit

There is no such limit for Medicare.

 

[Dr Kynes]

There is no such limit for Medicare.

really? i thought the medicare payroll tax capped out at ~150k/ year in wages like sosh security.

 

[tokeprep]

really? i thought the medicare payroll tax capped out at ~150k/ year in wages like sosh security.

The Medicare wage base limit was eliminated almost twenty years ago. Additionally, Obamacare adds an extra 0.9% Medicare tax for wages above $200,000.

 

[Dr Kynes]

The Medicare wage base limit was eliminated almost twenty years ago. Additionally, Obamacare adds an extra 0.9% Medicare tax for wages above $200,000.

learn sumpthin new erryday yo.

so i guess medicare is already fixed then ehh?

lets get on with bombing syria and blaming the republicans for it.

 

[schuylaar]

There is no such limit for Medicare.

i was thinking of SS side as new revenue stream overall.. those who earn in excess of the current wage base can easily afford to continue to contribute..since it's pension like in nature continued contribution seems correct to keep the kitty solvent..the jury is still out on whether i'd like to see ER match..tho with Medicare wages in excess of 200k EE's are required to contribute an extra .9% which ER is responsible for collection of.

 

[tokeprep]

i was thinking of SS side as new revenue stream overall.. those who earn in excess of the current wage base can easily afford to continue to contribute..since it's pension like in nature continued contribution seems correct to keep the kitty solvent..they jury is still out on whether i'd like to see ER match..tho with Medicare wages in excess of 200k EE's are required to contribute an extra .9% which ER is responsible for collection of.

If you're going to pay for the gap in Medicare with new social security money, how are you going to pay for the gap in social security? If it's "pension like," why would you make some people pay in 10, 20, 100 times as much for exactly the same benefit?

The people who retired 30 years made back several times what they paid in (average of 3 times); the people retiring now will make back around 33% more than they paid in; and people who just started working are slated to see just a fraction of what they pay in. It's a Ponzi scheme and it always has been. At the end, there's going to be no money left to pay back the last round of investors. They aren't making an investment, they're paying yesterday's unfunded obligations with today's money.

Social security will make Bernie Madoff look like a small town bank robber.

 

[Dr Kynes]

i was thinking of SS side as new revenue stream overall.. those who earn in excess of the current wage base can easily afford to continue to contribute..since it's pension like in nature continued contribution seems correct to keep the kitty solvent..the jury is still out on whether i'd like to see ER match..tho with Medicare wages in excess of 200k EE's are required to contribute an extra .9% which ER is responsible for collection of.

so thats how you view my wallet? as a "Revenue Stream" to be tapped??

i account every dime in Sosh Security Medicare Unemployment etc as a LOSS. i doubt ill ever see one thin dime of that again.

perhaps i should hang it up and go on disability.

i already work too hard for too little, and you propose making that little even smaller so i can trust the government to toss me a pittance when im too broke down to work anymore.

 

[UncleBuck]

so thats how you view my wallet? as a "Revenue Stream" to be tapped??

i don't think anyone is talking about increased taxes on unskilled, poverty level, minimum wage losers.

despite your chicken little, sky is falling predictions of doom and gloom, SS will be fully solvent in 20 years when you retire.

quit it with your whole phony goddamn persecution routine.

 

[Auburn1985]

Government sponsored social programs should insult our intelligence. They serve the politicians who sponsor them, in the form of bought votes. They fuck the rest of us, in the form of increased national debt.

But sorry Americans (especially minorities) have become addicted to the notion of the government giving them things (money), and so politicians give in so they can get reelected...a vicious cycle...

As Karl Marx said (paraphrase) "Democracy is not a form of government that can survive; because it will only survive until the people discover that they can vote themselves money from the treasury..."

Which defines Obamacare...

 

[tokeprep]

i don't think anyone is talking about increased taxes on unskilled, poverty level, minimum wage losers.

despite your chicken little, sky is falling predictions of doom and gloom, SS will be fully solvent in 20 years when you retire.

quit it with your whole phony goddamn persecution routine.

Social security will have been insolvent for more than two decades by the time I'm eligible to retire.

 

[UncleBuck]

Social security will have been insolvent for more than two decades by the time I'm eligible to retire.

unless they simply raise the cap.

oops.

 

[ChesusRice]

Nothing Like the good ole days when grandpa and grandma died at a ripe old age of 50 something

 

[tokeprep]

unless they simply raise the cap.

oops.

Not true. See this 2009 analysis from the Social Security Administration: http://www.ssa.gov/policy/docs/policybriefs/pb2009-01.html. Eliminating the cap would raise social security taxes for just 6% of wage earners.

Of course, even if that cap were eliminated, the amount of earnings subject to social security taxes at the top would drastically shrink. The cost of paying an employee $200,000 would rise by approximately $10,000 without a cap (considering employee and employer contribution). Consequence: employers shift to other compensation that's more tax friendly in order to avoid paying the extra tax. Consider someone earning $1 million and this is especially clear, since the extra tax would be $110,000. If you get paid in stock options--like the CEOs earning $1 a year in salary--you don't pay any social security tax at all.

 

[ChesusRice]

Unfortunatly for Republicans the recession ended. That means due to increased economic activity
Deficits and Shortfalls dont look as scary as they did before

 

[tokeprep]

Nothing Like the good ole days when grandpa and grandma died at a ripe old age of 50 something

Indeed. Now they're parasitically siphoning off money from younger generations to make up for the fact that the system wasn't properly funded in the first place, because it was politically unpalatable to force those people, the ones who are now retired and collecting, to pay more taxes for their own retirement.

Instead of fully funding them for making that terrible, terrible political choice, we should be paying them the benefit they actually deserved to have.

 

[ChesusRice]

YOu know honestly

If Obamacare was so bad.
The Republicans and Tea baggers would just let it take effect without trying to sabotage it.

Then they could ride to victory in elections

Maybe they oppose it for another reason though

 

[Harrekin]

YOu know honestly

If Obamacare was so bad.
The Republicans and Tea baggers would just let it take effect without trying to sabotage it.

Then they could ride to victory in elections

Maybe they oppose it for another reason though

They don't like "rich people", only people with lots of wealth?

 

[ChesusRice]

They don't like "rich people", only people with lots of wealth?

December 2,
1993 - Leading
conservative operative William Kristol privately circulates a strategy
document to Republicans in Congress. Kristol writes that congressional
Republicans should work to "kill" -- not amend -- the Clinton plan because it
presents a real danger to the Republican future: Its passage will give the
Democrats a lock on the crucial middle-class vote and revive the reputation of
the party. Nearly a full year before Republicans will unite behind the "Contract
With America," Kristol has provided the rationale and the steel for them to
achieve their aims of winning control of Congress and becoming America's
majority party. Killing health care will serve both ends.