The realities of dropping tax on Social Security

[Mik]

While it sounds good on its face, it's not so great for those who live only on Social Security.

https://www.msn.com/en-us/money/retirement/the-harsh-reality-of-president-elect-donald-trump-s-social-security-plan-can-t-be-ignored/ar-AA1v1mDB

[jon-nyc]

Yeah I think it moves it to insolvency in just 6 years.

[Mik]

I'd prefer we decrease spending across the board before we start dropping revenue sources. Seems prudent.

[jon-nyc]

I would totally support removing the cap on SSA. Medicare has no cap.

[Jolly]

Kill the cap. Raise the retirement age, but keep Medicare eligibility at 65. Bump the payroll tax by 1/2%. And if you ain't a citizen, you don't get Social Security.

[taiwan_girl]

@Jolly Agree with all but the last one. Would have to think about that.

For example, I am guessing that someone like John D'Oh pays into the social security system.