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| Home Front: Politix |
| Bloomberg unveils plans for Americans' Social Security, retirement savings |
| 2020-02-17 |
| BLUF: [CSNBC] Bloomberg’s plan calls for setting a new, higher minimum benefit to prevent low-income seniors from falling below the federal poverty line. It also calls for improving benefits for those who rely on them. Exactly how much benefits would be increased under Bloomberg’s plan was not disclosed. To pay for benefit increases, most proposals generally call for raising the payroll tax or the wage base. The Social Security tax is currently 6.2%, or 7.65% with Medicare, which is paid by both employees and their employers. Currently, only earnings up to $137,700 are subject to those Social Security levies. Bloomberg’s plan does not stipulate whether he would increase those thresholds. Emphasis added just above. |
| Posted by:Besoeker |
| #7 Silver food stamps....not gold. |
| Posted by: crazyhorse 2020-02-17 22:50 |
| #6 Being the son of a farmer and also one who knows which end of a wrench to use as a hammer, I am obviously double stupid to be trusted with my own money. Oh thank you Great god bloomingdale…. |
| Posted by: USN, Ret. 2020-02-17 14:06 |
| #5 Bloomingbird doesn't trust me with my own money which is why I don't trust him. |
| Posted by: Abu Uluque 2020-02-17 11:03 |
| #4 Considering that an average rate of return on SS is 3%, and the average rate of return on a 401k is 8%... that just seems like a fool's bet. Plus I do not trust the government to keep a big pile of my money safe from the grubby hands of politicians. |
| Posted by: DarthVader 2020-02-17 08:59 |
| #3 Folks like this just do not know how NOT to spend other people's money. |
| Posted by: Mullah Richard 2020-02-17 08:10 |
| #2 Bloomberg’s plan calls for setting a new, higher minimum benefit to prevent low-income seniors from falling below the federal poverty line. Does his analysis also include all other income via subsidizes and other existent programs? Not. |
| Posted by: Procopius2k 2020-02-17 06:54 |
| #1 It's a long shot, but I'm going with para three. |
| Posted by: Besoeker 2020-02-17 06:42 |