John_F wrote:
The Republicans are all about profiting the priviledged class. So see Social Security privatized with an immediate 35% benefit reduction to pay for investor + corporate profits and administrative overhead. Also, benefits will be limited to a specific number of years, like 15 to 20. Look for Medicare to be block granted for insurance. This will have await ACA repeal so that existing conditions limit availability. There will be a new wrinkle - all applicants will be subject to DNA analysis in order disclose hidden existing conditions. The insurance industry has been working on how to implement DNA data for at least 15 years.
The Republicans are all about profiting the privil... (
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Social security privatization works. Just ask the people who work for the city of Houston which opted out of social security at it's inception.
If I had all the money that my wife and I had paid into social security and had been allowed to invest it we would be multimillionaires now. Instead I am still working because social security took my discretionary income that I could have invested.
A much more rational retirement program would be for the government to require individuals to invest or save 6.5 percent of their income in a set of approved investment programs that gave the individual some say in their investment. The 6.5 percent that the employer pays could be used to continue to fund social security for those who have already retired, while the current system is phased out.
Social security is a horrible investment. It is not intended to be enough money to live on it is a "security net". However, for most young couples, and young is when you really need to start saving the amount of money taken from your wages by social security makes it impossible to have adequate money to invest.
Just five percent of your income invested at 20 year average market rates, starting when you are 20, would allow most individuals to retire at age 55-60 with adequate savings to live on without government help. But try to save that money with the amount that the government already takes out.
The government doesn't invest the money that i pay into social security. Rather it spends it on those that already retire and assumes that I will be paid by those who are younger than I once I retire. In other words it is a giant government sponsored ponzi scheme.
As for insurance. Ask anyone who had good insurance before the affordable care act if their insurance is better now or was better then. Answer: it was better then because my insurance is now subsidizing others who didn't have insurance previously. Example my wife has had a hysterectomy and I have had a vasectomy yet our insurance must now pay for the chance that we might get pregnant. By the way we are both 60. That means that my insurance costs have gone up while the coverage for things individuals our age actually need have gone down, to help pay for the additional costs incurred by the insurer for covering those who are normally more expensive to insure, but now must be on the same cost plan as we are.
The affordable care act is a good deal if you were without insurance before, if you have a preexisting condition, or if you are low income and have your insurance subsidized, but it is a very bad deal for the rest of America, which just happens to be the majority. Unfortunately Trump is already backpedaling on actually repealing obamacare, instead saying that he wants to keep the best components of it, including insuring preexisting conditions, which is one of primary reasons that costs have gone up so fast.
It's like all other government programs. It's great if you are a leach sucking off of the system, or if you have a catastrophic health program and it absolutely sucks for everyone else.
I forgot one other thing that is untrue in your post. The majority of millionaires and CEOs are democratic these days. It's the democratic party that is the party of the rich not the republican. Just look up party registration and mean income. You will find that the narrative that has been said for years about who is the party of the rich simply isn't true.
But forget about looking at stats, just look at all the rich and famous that supported Clinton versus who supported Trump. Then think about it. Why were the middle class supporting Trump and the rich and famous supporting Clinton? In spite of what you think it isn't because the middle class is idiots and the rich and famous are generous. It's because both sides were voting for their own interests.
By the way check the stats republicans also give more to charity despite democrats having higher incomes. Why? because democrats thing that charity is the job of big foundations and government and conservatives believe that charity should come from the heart.