The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Scrapping the cap will make SS solvent with the benefits it is providing today...I've advocated that more than once on this board. BUT, Reich is leaving two important factors that will REQUIRE the SS percentage withholding to be close to doubled in order to expand the system in the way he proposes:
1. A lopsided retiree worker ratio. It's getting worse very year, and that's just for normal retirees, you have the RECORD amount of people that are on SS disability. Lawyers make a good living putting more people on it every day.
2. For the REDUCED amount of workers that have to shoulder the load, they are making LESS money counting inflation then they did before 2008... and with our increasing reliance on a service based economy, that's not going to get any better.
Workforce participation percentage is the LOWEST it has been in over 40 years. There is no free lunch... just eliminating the cap will not give Reich what he wants in solvency AND expansion.
"Arguing with liberals is like playing chess with a pigeon; no matter how good I am at chess, the pigeon is just going to knock out the pieces, crap on the board, and strut around like it is victorious." - Author Unknown
Scrapping the cap will make SS solvent with the benefits it is providing today...I've advocated that more than once on this board. BUT, Reich is leaving two important factors that will REQUIRE the SS percentage withholding to be close to doubled in order to expand the system in the way he proposes:
1. A lopsided retiree worker ratio. It's getting worse very year, and that's just for normal retirees, you have the RECORD amount of people that are on SS disability. Lawyers make a good living putting more people on it every day.
2. For the REDUCED amount of workers that have to shoulder the load, they are making LESS money counting inflation then they did before 2008... and with our increasing reliance on a service based economy, that's not going to get any better.
Workforce participation percentage is the LOWEST it has been in over 40 years. There is no free lunch... just eliminating the cap will not give Reich what he wants in solvency AND expansion.
The Republican solution to your above stated problems? Cut benefits, raise retirement age and reduce SS disability programs.
But NOT "Scrap The Cap."
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
On Monday, the White House unveiled a major reform that should guarantee overtime coverage for salaried workers earning less than $50,440 per year. If the proposal goes into effect in 2016 as planned, an estimated 5 million new workers will be eligible for time-and-a-half pay, the standard overtime rate in the U.S., whenever they work more than 40 hours a week.
Currently, those workers are entitled to nothing beyond their base salary for the extra hours they commit, so employers have an incentive to pile it on. But once those workers are guaranteed time-and-a-half, employers will be paying a premium for the extra labor. For many workers, the administration hopes, the change will translate into either a bigger paycheck or more free time.
"I think the overtime rule could have the capacity to help millions of workers get back into the middle class"
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Ah yes...coming from the man that inherited millions from the family opium trade with China. A real champion of the little guy.
riiiight! hahahahahaha....hasn't anyone realized that there are no political party heroes? you can't change a leopard's spots unless............you skin it.....
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
Ah yes...coming from the man that inherited millions from the family opium trade with China. A real champion of the little guy.
He isn't talking about the Rich... there is nothing wrong with being wealthy... He's warning about the Greedy.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Yeah...the Catholic Church warns about greed too. This also coming from a man sitting on a golden throne.
Why is it the richest, greediest and most powerful always warning about the people for which they are a part of?
^5
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
"It is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God."
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
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