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posted to rec.boats
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First recorded activity by BoatBanter: Jul 2006
Posts: 10,492
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Calculating S.S. benefit at 62 vs 66
On Sun, 10 Aug 2014 23:36:29 -0400, wrote:
On Sun, 10 Aug 2014 23:24:15 -0400, Wayne.B
wrote:
We'll see.
There are a lot more senior citizens now than there were in the 80s,
and we are organized, and we vote. I think it would be political
suicide for anyone trying to increase SS taxes beyond today's onerous
levels.
At least I don't have New York and New Jersey reaching into my pocket
anymore, and our property taxes are only 25% of what we used to pay in
the NY 'burbs. Dockage is cheaper also. :-)
It all depends on whether the kids start voting their interests.
When their FICA taxes start being more than their income tax, they
might wake up. For some it is more now, they just don't know because
Sammy takes it before they see their check.
===
Isn't it true that the people with good jobs are very much a minority?
The government will eventually "fix" social security by either
fudging the cost of living calculations or eliminating COLA entirely.
That will be followed by a round of hyper inflation. The "official"
rate of inflation is already being fudged a great deal, and hyper
inflation with a weak dollar is the inevitable consequence of long
term defecit spending.
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