Information Regarding SS
I researched the SS trust fund being depleted in 2040, which means the surplus of funds paid out v. collected for SS, which is being distributed elsewhere, will have been exhaused and SS benefits will be paid at a rate of 74%.
Only yesterday did I realize the % of my salary that goes to SS (6.2%), which is matched by my employer. It is astounding that SS receives 12.4% of 106.2% of every individual's salary, and is going to deplete to being unable to pay benefits in 2040. If 74% is the projection for 2040, what is the projection for 2050...
I cannot believe the demographic that stands to be royally screwed by SS, the 25-40 sect, has no say in where their SS funds. It is literally throwing money down a black hole. I googled SS PAC, and brought back nothing.
Would it be possible to start an age specific PAC (25-40) aimed at partial privitization of SS ?
3 comments:
I'm sorry to be blunt, but are you naive?
"I cannot believe....". The simple fact is that:
- people over 60 vote
- people between 25-40 do not vote.
Why should politicians care what we think when we don't vote.
That's the simple truth.
And - it has been shown time and time again - that if any politican mentions "Social Security" and "changes", the AARP gets their Army together and denounces the politician as "out to get old people". Period.
It's demagogery, but it won't change until our generation starts voting.
Is there any better way to get ages 25-40 to start voting than to hit them where it hurts, the wallet?
If there are proposed changes that will increase the SS "tax", then yes - we may see an increase in voting among that age group.
However, if you are interested in trying to get people pissed off at the current tax and try to get it reduced? No. Not going to happen. People are so used to it that they will consider themselves "arrogant snobs" (because the AARP will call them that) if they want to cut their SS "tax" for the future.
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