Wednesday, December 4, 2024
Reform social security???
Social Security reform measures:
How to preserve the social security system for the poor, middle class, and some of the rich. Should we regret separating the very rich from the social security system?
First, tax (social security tax - 6.20 %) the rich on their incomes (now, in 2024 we only tax up to the first $ 168,600 of their incomes)
Let’s say we tax (6.20%) as follows:
Year Income
2025 $340,000
2026 $700,000
2027 $1,500,000
2028 $3,000,000
2029 $7,000,000
2030 $15,000,000
2031 $28,000,000
2032 and on $47,000,000
Second, let's stop paying out social security to the very rich and change (reduce) the payments that the rich were supposed to receive. Again let’s not regret these changes - let’s not feel sorry for the very rich.
Let’s say we stop paying out social security to the very rich - those people that averaged $17,500,000 a year income over the last three years. So that three years from now, in 2027, the very rich would no longer receive any social security. Also, let’s reduce what rich people would have received from social security as such:
Average income over the last three years Reduced social security payment
$15,750,000 .375
$13,750,000 .50
$12,2250,000 .75
$8,500,000 .885
Those averaging less than $8.5 million over the last three years of their work will receive what social security plans on giving them, and those making more will have their benefits reduced.
Third, institute a net asset tax on the very rich and use the raised money to help preserve the Social Security System for the poor, middle class and some of the rich.
A net asset tax could look like:
Net Assets Tax + ___ % over
$0 - $28,000,000 $0 .20 $0
$28,000,000 - $90,000,000 $56,000 .30 $28,000,000
$90,000,000 - $250,000,000 $242,000 .50 $90,000,000
$250,000,000 - $500,000,000 $1,042,000 1.00 $250,000.000
$500,000,000 - $1,000,000,000 $3,542,000 1.345 $500,000,000
$1,000,000,000 - $3,000,000,000 $10,267,000 1.803 $1,000,000,000
$3,000,000,000 - $6,000,000,000 $46,327,000 2.431 $3,000,000,000
Over $6,000,000,000 $119,257,000 3.25 $6,000,000,000
With allowable deductions of:
Personal - $6,000,000
Spouse - $6,000,000
Child under 19 years of age - $2,4000,000
Forth, require more earned Social Security credits to be eligible to collect social security (currently in 2024 it’s 40) as such:
Year Earned credits required
1 60
6 74
11 92
16 115
21 144
These are some measures to help preserve social security without having to cut benefits. Before deciding on cutting benefits, let’s put these measures into law and see if further actions are required to help preserve social security for the poor, middle class, and some of the rich.
Please, please see www.blogger.com ablogbyken, or write kmillerbloggerablogbyken@gmail.com.
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2024
(14331)
-
▼
December
(199)
- GOD is faithful. GOD is just. GOD is perfect.
- GOD is good to me. GOD is so good to me!!!
- GOD is love. GOD is LOVE!!!
- JESUS is LORD!!!
- HIS yoke is easy, HIS burden is light.
- LORD of the Harvest, the Harvest is plentiful, but...
- I praise you because I am fearfully and wonderfull...
- Please pray for the hostages and ;oved ones!!!
- Why not create a North American Union - as Europea...
- Why not allow 6 - 7 million people to immigrate in...
- Be abundant prolife!!!
- We've got to relieve the Sudanese!!!
- Please, please help out Sudan!!!
- Please, please help create a group of 38 (G38) and...
- Why not create a group of 38 (G38) and a group of ...
- A manned Mars mission - the LORD willing!!!
- An operational moon station by 2032!!!
- Please, please help create a moon station by 2032!!!
- A moon station by 2032???
- States such as California, Texas, Florida have los...
- Please, please help increase the size of The House...
- Why not increase the size of The House of Represen...
- It could be done!!! Help stop nuclear proliferati...
- Help prevent nuclear proliferation!!!
- Please, please help create an international nuclea...
- Why not create a nuclear oversight committee???
- Six more Hubble Telescopes over the next seven yea...
- Why not build and launch six more Hubble Telescope...
- Please, please help build and launch six more Hubb...
- It could be done: safer vehicles means more lives...
- Why not have safer vehicles and save tens of thous...
- Please, please help get the auto manufacturers to ...
- Safer vehicles make for better vehicles!!!
- Help improve the justice System!!!
- Why not improve the Justice System???
- Dear, dear U.S. Congressman Josh Gottheimer - plea...
- Dear, dear U.S. Congressman Josh Gottheimer - plea...
- Dear, dear NJ Governor Phil Murphy - please, pleas...
- Please, please help end the attacks on NJ's Pregna...
- Dear, dear NJ Attorney General Matt Platkin - plea...
- It is long overdue and it is the right thing to do!!!
- Why not give just restoration payments to descenda...
- Please, please help give land back to Native Ameri...
- Restoration Payments for descendants of Slaves and...
- Before cutting social security benefits or raising...
- Reform social security???
- Why not reform social security without cutting ben...
- Please, please help reform social security without...
- Dear, dear Vice President Kamala Harris - there ar...
- It could be done - A Lift Up to help those in need!!!
- Please, please help give those in need A Lift Up!!!
- A Lift Up???
- Why not help those in need???
- Fund the poorest areas hit by disasters???
- Please, please help restore and rebulid the poores...
- Why not have the group of 55 (G55) help restore po...
- My dad fought in WWII and the good LORD, the maker...
- Please, please help end the flow of taxpayers' dol...
- Planned Parenthood implicated ion the selling of b...
- Please, please help end the flow of taxpayers' dol...
- Please, please help enact the Life At Conception A...
- Please, please help make the polluters pay!!
- Science has proved it: Smoking is anti-life and a...
- The mafia is anti-life and anti-choice!!!
- Please, please help end the Mafia and other organi...
- Please, please help end pornography and erotica.
- Please, please help end child pornography in much ...
- Please pray for the Israeli leaders and loved ones.
- Please, please help end black genocide - please, p...
- Please, please help end the greatest human rights ...
- GOD is faithful. GOD is just. GOD is perfect.
- Please, please help end the war on the pre-born ch...
- Please pray for the Israeli soldiers and loved ones.
- Israel has a right to defeat Hamas and Hezbollah!!!
- Please pray for the hostages and loved ones.
- Please, please help end the war on the unborn chil...
- Please, please help repeal, or change all the prob...
- Please, please help end the destruction of life!!!...
- Abortion ends a life, or lives - unless the child,...
- Are there any climate scientists that believe that...
- Are there any climate scientists that believe that...
- Are there any climate scientists that believe that...
- Are there any climate scientists that believe that...
- Where is a good place to worship the Messiah of th...
- Where is a good place to worship the Savior of the...
- Where is a good place to worship the good LORD??? ...
- JESUS is the Good Shepherd!!!
- JESUS is the Bread of Life!!!
- JESUS is the Living Water!!!
- There is Salvation in JESUS!!!
- There is Peace in JESUS!!!
- There is healing in JESUS!!!
- Our hope is in JESUS!!!
- still seeking . . . . .
- In hope, peace, and love . . . . . . .
- JESUS is the Lamb of GOD!!!
- JESUS is the Light of the world!!!
- HE is Risen. HE is Risen, indeed!!!
- Operational Space Ships by 2036 - the LORD willing!!!
- What would be accomplished at a moon station???
-
▼
December
(199)
No comments:
Post a Comment