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The Water Cooler
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Social Security Cost-of-Living Adjustment for 2022 Is 5.9%
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<blockquote data-quote="SlugSlinger" data-source="post: 3655852" data-attributes="member: 7248"><p>That video should scare everyone and argues against your statement. His point is SS will only pay 78% to 50% of the recipients. What will it pay to the top tier? And it would be solvent if we raise taxes on the employees and employers. Of course it would until that base is diminished.</p><p>And let’s not even talk about the time value of money and the massive .gov induced inflation. And how the real value of the soci security benefit has diminished exponentially.</p><p>The fact is, SS is going away. It may not be totally disappeared, but it will not be able to sustain the retirement of those who need it the most.</p><p>Oh, and that guy in the video is living in the past. When he said entitlements will never be taken away, think about what byeden did to those Americans left in Afghanistan and the saying, no Americans left behind. American is not the same under a leftist regime where they are anti-everything.</p><p>I suspect you’re coming from the point of view that you do not need social security. Am I correct? If that’s the case, then it really doesn’t matter if it’s solvent or not.</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3655852, member: 7248"] That video should scare everyone and argues against your statement. His point is SS will only pay 78% to 50% of the recipients. What will it pay to the top tier? And it would be solvent if we raise taxes on the employees and employers. Of course it would until that base is diminished. And let’s not even talk about the time value of money and the massive .gov induced inflation. And how the real value of the soci security benefit has diminished exponentially. The fact is, SS is going away. It may not be totally disappeared, but it will not be able to sustain the retirement of those who need it the most. Oh, and that guy in the video is living in the past. When he said entitlements will never be taken away, think about what byeden did to those Americans left in Afghanistan and the saying, no Americans left behind. American is not the same under a leftist regime where they are anti-everything. I suspect you’re coming from the point of view that you do not need social security. Am I correct? If that’s the case, then it really doesn’t matter if it’s solvent or not. [/QUOTE]
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Social Security Cost-of-Living Adjustment for 2022 Is 5.9%
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