Comments for Right Rainbow http://www.rightrainbow.com For Gay Republicans Tue, 21 Feb 2012 16:14:34 +0000 hourly 1 http://wordpress.org/?v=3.1.3 Comment on José Piñera discusses privatizing social security on FBN by TheAerialbomb http://www.rightrainbow.com/jose-pinera-discusses-privatizing-social-security-on-fbn/#comment-16353 TheAerialbomb Tue, 21 Feb 2012 16:14:34 +0000 http://www.rightrainbow.com/jose-pinera-discusses-privatizing-social-security-on-fbn/#comment-16353 You said reduce benefits..... I'm saying if we didn't do that, the other option would be to withhold more for SS later. The real reason SS has had a surplus is all the Baby Boomers paying in with fewer people drawing out..... that's close to being reversed which will be a huge problem. You said reduce benefits….. I’m saying if we didn’t do that, the other option would be to withhold more for SS later.
The real reason SS has had a surplus is all the Baby Boomers paying in with fewer people drawing out….. that’s close to being reversed which will be a huge problem.

]]> Comment on José Piñera discusses privatizing social security on FBN by oterj0 http://www.rightrainbow.com/jose-pinera-discusses-privatizing-social-security-on-fbn/#comment-16352 oterj0 Tue, 21 Feb 2012 16:04:15 +0000 http://www.rightrainbow.com/jose-pinera-discusses-privatizing-social-security-on-fbn/#comment-16352 Only if they bought retail goods. The tax would only apply to retail transactions, not business to business. The B2B part is more like a VAT, which is a massive money maker for govt and is quite regressive in that it raises prices big time (e.g. Europe). When I was in Spain last summer, my wife and I went to look for cheap food one night, so we went to this Chinese place. We ended up spending 35 Euro (like $50) on what was pretty lackluster food. That meal would've been $20 - $25 in the US. Only if they bought retail goods. The tax would only apply to retail transactions, not business to business. The B2B part is more like a VAT, which is a massive money maker for govt and is quite regressive in that it raises prices big time (e.g. Europe). When I was in Spain last summer, my wife and I went to look for cheap food one night, so we went to this Chinese place. We ended up spending 35 Euro (like $50) on what was pretty lackluster food. That meal would’ve been $20 – $25 in the US.

]]> Comment on José Piñera discusses privatizing social security on FBN by oterj0 http://www.rightrainbow.com/jose-pinera-discusses-privatizing-social-security-on-fbn/#comment-16351 oterj0 Tue, 21 Feb 2012 15:42:39 +0000 http://www.rightrainbow.com/jose-pinera-discusses-privatizing-social-security-on-fbn/#comment-16351 This is very interesting. Conservatives are willing to fix SS as long as it's not through tax increases and my impression is that liberals are also willing to fix SS as long as it's not through benefit cuts. Quite an impasse. Is that your read? Would you support benefit cuts for the higher income earners? This would be akin to raising the payroll tax cap and could definitely get support from some Republicans. We could do this relatively simply by adjusting the initial benefits calculation. This is very interesting. Conservatives are willing to fix SS as long as it’s not through tax increases and my impression is that liberals are also willing to fix SS as long as it’s not through benefit cuts. Quite an impasse. Is that your read? Would you support benefit cuts for the higher income earners? This would be akin to raising the payroll tax cap and could definitely get support from some Republicans. We could do this relatively simply by adjusting the initial benefits calculation.

]]> Comment on José Piñera discusses privatizing social security on FBN by TheAerialbomb http://www.rightrainbow.com/jose-pinera-discusses-privatizing-social-security-on-fbn/#comment-16350 TheAerialbomb Tue, 21 Feb 2012 15:10:01 +0000 http://www.rightrainbow.com/jose-pinera-discusses-privatizing-social-security-on-fbn/#comment-16350 Raise the cap by the inflation rate and benefit reduction for high income people. You're saying income they are receiving AFTER they turn 65? Not income they make during working years. IRA's wouldn't be counted nor at least part of a defined benefit package. The heavy lift is still getting though us baby boomers. That's one reason we need the Estate Tax...get some of the benefits back from the richest of the breed. However, I'm not sure that your flat tax would bring in enough revenue Raise the cap by the inflation rate and benefit reduction for high income people. You’re saying income they are receiving AFTER they turn 65? Not income they make during working years. IRA’s wouldn’t be counted nor at least part of a defined benefit package. The heavy lift is still getting though us baby boomers. That’s one reason we need the Estate Tax…get some of the benefits back from the richest of the breed.
However, I’m not sure that your flat tax would bring in enough revenue

]]> Comment on José Piñera discusses privatizing social security on FBN by oterj0 http://www.rightrainbow.com/jose-pinera-discusses-privatizing-social-security-on-fbn/#comment-16349 oterj0 Tue, 21 Feb 2012 14:56:14 +0000 http://www.rightrainbow.com/jose-pinera-discusses-privatizing-social-security-on-fbn/#comment-16349 Payroll tax cap is already adjusted for inflation. You need to do a one time bump in addition to inflation to fix. This is so strange to me, because Dems could get a number of Reps to go along with cutting benefits for the highest earners (during working years) as a means of making the system solvent. Instead, Dems seem set on raising taxes rather than an equivalent benefit cut for the wealthy which would work the same for solvency and be born by the wealthiest. The estate tax is a red herring. Payroll tax cap is already adjusted for inflation. You need to do a one time bump in addition to inflation to fix. This is so strange to me, because Dems could get a number of Reps to go along with cutting benefits for the highest earners (during working years) as a means of making the system solvent. Instead, Dems seem set on raising taxes rather than an equivalent benefit cut for the wealthy which would work the same for solvency and be born by the wealthiest. The estate tax is a red herring.

]]> Comment on José Piñera discusses privatizing social security on FBN by rcguy47 http://www.rightrainbow.com/jose-pinera-discusses-privatizing-social-security-on-fbn/#comment-16348 rcguy47 Tue, 21 Feb 2012 14:06:13 +0000 http://www.rightrainbow.com/jose-pinera-discusses-privatizing-social-security-on-fbn/#comment-16348 The real message: Your retirement income will be cut. The real message: Your retirement income will be cut.

]]> Comment on José Piñera discusses privatizing social security on FBN by MartinGist http://www.rightrainbow.com/jose-pinera-discusses-privatizing-social-security-on-fbn/#comment-16347 MartinGist Tue, 21 Feb 2012 13:08:31 +0000 http://www.rightrainbow.com/jose-pinera-discusses-privatizing-social-security-on-fbn/#comment-16347 We need to lower, not raise the retirement age. As an emergency stimulus to open up jobs for young people who desparately need jobs, accelerate the start of benefits by one, two or three years. Scheduled to take early retirement at 62? It would be bumped up to 61. Scheduled to take full SS at 66? Moves up to 65. When corporations need to eliminate jobs first thing they always do is ask senior employees to take early retirement. Just as valid for the fed. We need to lower, not raise the retirement age. As an emergency stimulus to open up jobs for young people who desparately need jobs, accelerate the start of benefits by one, two or three years. Scheduled to take early retirement at 62? It would be bumped up to 61. Scheduled to take full SS at 66? Moves up to 65. When corporations need to eliminate jobs first thing they always do is ask senior employees to take early retirement. Just as valid for the fed.

]]> Comment on José Piñera discusses privatizing social security on FBN by JerryGing http://www.rightrainbow.com/jose-pinera-discusses-privatizing-social-security-on-fbn/#comment-16346 JerryGing Tue, 21 Feb 2012 13:01:27 +0000 http://www.rightrainbow.com/jose-pinera-discusses-privatizing-social-security-on-fbn/#comment-16346 The last eleven years has made it difficult for me to keep faith in "the markets.," but, that aside, it seems illogical that we will all become wealthy by investing in the same relatively few corporations by being in the same defined conribution plan. The last eleven years has made it difficult for me to keep faith in “the markets.,” but, that aside, it seems illogical that we will all become wealthy by investing in the same relatively few corporations by being in the same defined conribution plan.

]]> Comment on José Piñera discusses privatizing social security on FBN by cstrosser http://www.rightrainbow.com/jose-pinera-discusses-privatizing-social-security-on-fbn/#comment-16345 cstrosser Tue, 21 Feb 2012 13:01:09 +0000 http://www.rightrainbow.com/jose-pinera-discusses-privatizing-social-security-on-fbn/#comment-16345 Let's not privatize social security. I don't want *MY* retirement money being subject to greedy Wall Street bankers. Social security is one of the most efficient government programs, and has been proven time and time again to be better than any private industry managed fund. Social security has a surplus, but Pres. Bush spent that surplus on two wars, and tax cuts to billionaires. I am disgusted by this, and you should be to. This is OUR retirement money. Let’s not privatize social security. I don’t want *MY* retirement money being subject to greedy Wall Street bankers. Social security is one of the most efficient government programs, and has been proven time and time again to be better than any private industry managed fund. Social security has a surplus, but Pres. Bush spent that surplus on two wars, and tax cuts to billionaires.

I am disgusted by this, and you should be to. This is OUR retirement money.

]]> Comment on José Piñera discusses privatizing social security on FBN by cstrosser http://www.rightrainbow.com/jose-pinera-discusses-privatizing-social-security-on-fbn/#comment-16344 cstrosser Tue, 21 Feb 2012 12:19:07 +0000 http://www.rightrainbow.com/jose-pinera-discusses-privatizing-social-security-on-fbn/#comment-16344 @JerryGing Agreed. This is just another way for the GOP to funnel money to the private banks and investment firms that buy their Congressional seats. Research has proven that social security is one of the most efficient programs in government with 0.9% administrative fees, and a $2.5 TRILLION surplus (before it was raided for two wars and tax cuts). @JerryGing Agreed. This is just another way for the GOP to funnel money to the private banks and investment firms that buy their Congressional seats. Research has proven that social security is one of the most efficient programs in government with 0.9% administrative fees, and a $2.5 TRILLION surplus (before it was raided for two wars and tax cuts).

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