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2026.0901.0001-Tuesday...
If they let everybody's Social Security get cut 22%, somebody's gonna get lynched.
ReplyDeleteI'll buy the rope.
DeleteAnd these memes should at least call it an "Earned Benefit."
ReplyDeleteIt's so different in Canada. I'm 75yo, retired teacher with over 37years in working. Now I contributed to both the federal SV (in French) retired federal pension and the RRQ, our provincial retired pension.
ReplyDeleteAll that money and the one of ALL workers was invested in a separate account to have interests benefits.
Now I'm having income from both: after 60yo from the provincial RRQ and after 65yo from the federal SV.
These incomes are leveled twice a year according to the inflation %.
NEVER both governments will lower those as this money isn't part of any government's money for usual expenses.
In Province of Québec we have the «Caisse de Dépôts et Placements» which is our savings account for all of our money coming from workers in the government like me as a teacher and other public workers.
This is a huge independent society which is managing those savings and is quite profitable.
https://www.lacaisse.com/en
In Ontario they have a similar fund with the same goal to provide their workers with a confortable retirement income for years after someone goes in retirement.
If I combine those three incomes, SV + RRQ +CARRA (my teacher's retirement plan) my monthly income after taxes is $3400.
Must also say that each year I have around $1500 taxes return federal and provincial combine.
My medical bills are part of the income reduction too.
Add to this our universal healthcare system and I can go on my life without worrying of a bad time of being sick and be banckruptcy with medical bills.
I hope Americans will someday have a similar degree of security, but it seems a long way off.
DeleteJiEL - Infidel said it perfectly.
DeletePourquoi les États-Unis sont-Ils incapables d’assurer la sécurité sociale de leurs citoyens ?
ReplyDeleteLe soi-disant «individualists» ne survivrait pas ; même lui dépend des autres !
En Europe, nous subvenons aux besoins des nôtres sans problème ; les États-Unis devraient en faire autant.
-Beau Mec à Deauville
Beau Mec - The U.S. is very backward in those regards.
DeletePretty much all they need to do is remove the cap on income subject to FICA taxes and let high income earners pay a little more into the system. I am sure all those millionaires and billionaires will just be impoverished if they have to pay a few percent more tax on their earned income. I actually hit the cap every year, for sure it wouldn't make a damned bit of difference in my life if I had to pay the tax on all of my income.
ReplyDeleteI'm all for that, and I think most people are. But it would be a test of the billionaire donors' stranglehold on our two main political parties.
Delete