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Uncle Larry Fink says “Work Longer” … You’ll be Happy
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<blockquote data-quote="vantexan" data-source="post: 5939506" data-attributes="member: 24302"><p>No it isn't. Name a welfare program in this country(other than SS that you'll say) that gives those with good income more than those with mediocre to poor income? Gives the better off anything at all? Social Security is everyone contributing a percentage of their income up to a point and getting a payment that's proportional with their contribution. People say but I make $300k, how come I don't get a bigger payment? Because the income you contribute on stops at $168,600 for 2024. You don't have to pay any SS taxes above that. The proposal for above $400,000 means that $231,400 still isn't taxed. </p><p></p><p>Are you saying that anyone who made poor income throughout their working lives should get very little? My mom rarely made over $25k. A lot of years a good deal less. Was she lazy? She worked 2-3 jobs for over 30 years. With the big raise SS got recently her payment is $1149 a month. She's 80, and got less than $800 a month when she took SS originally. Should she only get $300 a month? We can throw out the old saw about SS was never intended to be anyone's sole income. For many millions it is. Are you guys who make enough to have a life and a future really wanting to take away income from the poor so that you can have even more?</p></blockquote><p></p>
[QUOTE="vantexan, post: 5939506, member: 24302"] No it isn't. Name a welfare program in this country(other than SS that you'll say) that gives those with good income more than those with mediocre to poor income? Gives the better off anything at all? Social Security is everyone contributing a percentage of their income up to a point and getting a payment that's proportional with their contribution. People say but I make $300k, how come I don't get a bigger payment? Because the income you contribute on stops at $168,600 for 2024. You don't have to pay any SS taxes above that. The proposal for above $400,000 means that $231,400 still isn't taxed. Are you saying that anyone who made poor income throughout their working lives should get very little? My mom rarely made over $25k. A lot of years a good deal less. Was she lazy? She worked 2-3 jobs for over 30 years. With the big raise SS got recently her payment is $1149 a month. She's 80, and got less than $800 a month when she took SS originally. Should she only get $300 a month? We can throw out the old saw about SS was never intended to be anyone's sole income. For many millions it is. Are you guys who make enough to have a life and a future really wanting to take away income from the poor so that you can have even more? [/QUOTE]
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Uncle Larry Fink says “Work Longer” … You’ll be Happy
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