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Politics : A Real American President: Donald Trump
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To: John Carragher who wrote (50987)11/11/2017 3:18:13 PM
From: Honey_Bee3 Recommendations

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SirWalterRalegh
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You may be referring to up to 85% (IIRC) of Social Security being taxed.

Without doing a lot of research, here's the gist of what happened:

1. Government started a "retirement" program that it promised to cap at less than 1% from payroll - and only on a portion of wages per year. Meaning that most wage-earners could look forward to some checks each year with no SS withdrawal. (FDR) Now the percentage paid in is huge and constant for most wage-earners.

2. That money was to be used exclusively for those who paid in.

3. The money was "stolen" and put into the government general fund years ago, and is gone. That means what is paid out comes from current wage-withdrawals and general taxpayers.

4. The rules for collecting benefits were made so lax that immigrants (many illegals) are collecting without paying in a dime.

Is this country in trouble - all except those at the government trough?

Shall we talk about Medicare and how they want to give that away to everyone after people have paid into it over a lifetime? In the future, the payers might be expected to share a dwindling supply of doctors and facilities with all-comers until the whole system is bled dry.
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