Beto Wants to Means Test Social Security

Beto Obama's kids will never have to rely on social security because their dad is a billionaire!

At least Obama waited until his second term to put social security on the butchers block. Not Beto and Switch. Next!

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thanatokephaloides's picture

Beto Obama's kids will never have to rely on social security because their dad is a billionaire!

At least Obama waited until his second term to put social security on the butchers block. Not Beto and Switch. Next!

You sure you don't mean "Beto and Suck", snoop?

For it sure sounds like things will Suck for us 99%ers i he ever gets elected President.....

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"I say enough! If Israel wants to be the only superpower in the Middle East then they can put their own asses on the line and do it themselves. I want to continue to eat."
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snoopydawg's picture

@thanatokephaloides

We should have a contest to decide what to name Beto. Beto and Switch has been stated a few times here.
We already have Kamillary and Kambama for Harris.

Smile

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America is a pathetic nation; a fascist state fueled by the greed, malice, and stupidity of her own people.
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k9disc's picture

@snoopydawg

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“Tactics without strategy is the noise before defeat.” ~ Sun Tzu

dystopian's picture

@snoopydawg My nomination is for Bait-O. That is how we should spell it. Because that is what he is. He is bait-o for the 'bluenomatterwhos'. No platform, perfect for the establishment Dems. Stinks like catfish bait, but empty and otherwise worthless. Just hoping to peel votes from a good candidate like all the rest of the also-rans. He worked with (road trip) a Repub last mid-terms, just like Biden spoke for and endorsed another.

The means test that should take place is minimum wage, is it a means to live? Then those people that have the means, that make over $125k/yr., have the means to chip in and that is
the cap that should be raised, to about a mil at least. And after a mil you have the means so you pay more.

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We cannot solve our problems with the same thinking we used when we created them.
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both - Albert Einstein

@snoopydawg

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NYCVG

Pluto's Republic's picture

It is already means tested, isn't it? If you earn too much money you have to pay taxes on the SS. What they need to do is remove the cap on SS taxes paid on high incomes, and leave it the fuck alone.

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Centaurea's picture

@Pluto's Republic @Pluto's Republic

I recall Hillary making noise about means testing Social Security early in the 2016 primary. I think the way she put it was that she'd focus on preserving SS for the poorest economic levels. That's code for means testing.

I suspect the kind of means testing they're aiming for involves assessing recipients' assets.

A working class couple who've worked their behinds off for 50 years, and paid Soc Sec taxes out of every paycheck. 20 years ago, they paid off the mortgage on the 1,000 square foot family home, intending to live in it during retirement and make ends meet with their SS payments ...

Oops. Sorry, Mr. and Mrs. Williams. We see that you own real estate. That means you're too "wealthy" to qualify for Social Security. You need to sell the house and live off the proceeds. When the money's all gone, if you're still alive (we're hoping you won't be), come back and re-apply and we'll see if you're finally poor enough to get back some of the money you paid into FICA all those years.

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"Don't go back to sleep ... Don't go back to sleep ... Don't go back to sleep."
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@Centaurea Plus increasing the tax rate on SS.

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13 users have voted.

@Centaurea
Except it was MadiCal rather than SS. My income is all of $1150/mo in SS disability but I was turned down because I'd paid off my mortgage and had more than $2000 in the bank. (disclaimer; It's a condo in CA and "more than $2000 is actually $420,000 - I'm not making myself a poster boy for a moral argument. OTOH in 5 or 10 years I will probably need assisted living, so how long will that last?)

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15 users have voted.

A PROUD Hillary hater since 1993

@doh1304 own all property and people.

So, no, you can't have your stuff anymore.

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dfarrah

detroitmechworks's picture

@dfarrah So looks like it's time to start selling off the furnishings.

Works even better if you can sell other people's furnishings.

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5 users have voted.

I do not pretend I know what I do not know.

@detroitmechworks
what you see is a competition between American banksters and Chinese billionaires to see who can gobble up everything first. That's what 0% interest rates and a negative trade balance gets you. Nixon was deadly wrong giving MFN status to China, W was deadly wrong selling billions of t-bills to China to pay for his idiotic war, and Obama was deadly wrong printing $21 trillion, giving it to the banks and telling them to buy stocks. (In fairness that was W's plan, he just carried it out, and W got the idea from Reagan.)

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A PROUD Hillary hater since 1993

Pluto's Republic's picture

@Centaurea

Right now, it follows the principles of Universal Basic Income. Everybody gets a check whether they need it or not. We must insist on equal benefits and build on it. If it is means tested, it will degrade social unity. I hope people are wise to that.

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9 users have voted.

@Pluto's Republic correct.

Both parts. Yes to taxes paid on SS if your income is high.

And yes to eliminate the cap and solve the funding of SS forever. As Bernie has repeatedly recommended.

The plan to lower benefits for recipients is a Shtup the Rich and Starve the Poor scheme.

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6 users have voted.

NYCVG

gulfgal98's picture

that Social Security is a welfare program. No, it is an insurance program for those who paid into it. Raising the current cap on wages taxed by Social Security is one way to strengthen the trust fund. Another way, which I never see anyone bring up, is to increase the minimum wage.

Beto is just another empty suit corporatist neoliberal.

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19 users have voted.

"I don't want to run the empire, I want to bring it down!" ~Dr. Cornel West

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@gulfgal98
If you make your money off of stock manipulation you don't pay FICA tax.Make all income subject to FICA and we can gave M4A, free college, and the Green New Deal and Guaranteed Minimum Income and ice cream on Sunday.

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A PROUD Hillary hater since 1993

@gulfgal98 had kept up with productivity and we hadn't shipped jobs overseas, we might not be having this conversation.

Thank you, overlords, for mucking up everything.

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14 users have voted.

dfarrah

@gulfgal98 @gulfgal98
Unless the benefit cap is raised too. I want to keep SS paid insurance and not take unrelated money. A minor tax increase gets us over the hump. About 0.5% from both employee and employer, scheduled to sunset when we boomers are dead.

Two things have driven this crisis since the last fix in the '80s. 1) wages have not kept pace with inflation so contributions are less than projections.
2) (don't have a link for this) The bonds that SSA "invested in" were special bonds paying less than open market treasuries. i.e. Congress cheated SSA to use it as a piggy bank.

EDIT: Whoops. 0.5% is to make Medicare part B 100% instead of 80%
2.0% is for fixing the SS trust fund. Not trivial but about one years' COLA.

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5 users have voted.

in assets then you can't take it, and everything is taxed as wages.

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The Aspie Corner's picture

as usual. But don't tell that to Dipshit or the Dems who are hell bent on keeping him in office.

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6 users have voted.

Modern education is little more than toeing the line for the capitalist pigs.

figure this guy out, but it needs to be said that BOR is an advocate of the 2100 Social Security Act, introduced in 2017 by Rep John Larson (D-CT), on which Beto was a co-sponsor. It was re-introduced earlier this year, with a Dem majority House, presumably in its same form and presumably still endorsed by BOR.

In the summary I read, I didn't see anything about raising the recipient age and if there was means testing, I missed it. The Act does call for FICA taxes on incomes above $400k, long overdue. Currently the cap is at $133k, with the gap between those income levels gradually eliminated over time. That's obviously a very important piece of this bill. Also the Act calls for raising the recipient income level before SS taxes kick in; provides added benefits for very poor wage earner recipients to make a floor of 125% of the poverty level.

Overall a very progressive bill. Zero Republican co-sponsors of course.

Beto would do well to emphasize his support for this 2100 Act, and not repeat his RepublicanLite social security trimming rhetoric of 7 yrs ago.

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Cassiodorus's picture

at UCSC in the 1980s, the first step to destroying a program is to means-test it. When it's available to everyone, then everyone has an interest in its preservation.

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"Can't you see/ It all makes perfect sense/ Expressed in dollars and cents/ pounds, shillings, and pence" -- Roger Waters

Bob In Portland's picture

Instead of having a cutoff for Social Security taxation, tax everyone the same rate, to include millionaires and billionaires. Conservatives like to watch back away from their own ideas, let them pay the same tax rat as a mine worker or field hand. And as for the argument that they'll never get their money back, social security doesn't guarantee your lifespan. And people who live in working class jobs don't live as the rich.

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Unabashed Liberal's picture

to have to "deal with" programs like Medicare, and Medicaid, and Social Security, and, ah, it's one of those things that's going to have to be done on a bipartisan basis, because "nobody wants to walk the plank on those."

Bad

Not sure anything's changed since O's 6-year long quest "to strike a so-called Grand Bargain--which means, slashing Social Security and Medicare."

Help[Edited: Added "House Budget Committee"]

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[Per House Dem Budget Committee Chairman on 13 Dec 18, keep an eye on the Dem-Lead House Budget Committee's efforts to strike a so-called "Grand Bargain" with Republicans.]

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