posted by CenterBHSFan
Ben Shapiro, who probably has the softest hands on YouTube, is now also calling to raise the retirement age past 67; barring physical ailments.
The total disregard for the blue collar class by people with soft hands is catching like wildfire until even Contards have picked it up. While I agree with Shapiro on a few topics, this is the drop off point where he loses favor with people like myself. It's a classism that captures the elite and those with pretensions of elitism.
Imagine telling mechanics, nurses, plumbers, garbage men, the service industry, all the people whose health takes a direct hit way before they even turn 60, that they must continue marching like ants because the people with soft hands won't have the same problems that they do and said so.
To be fair, in the 1940s-1960s when the full SS retirement age was 66-67 life expectancy was 63-69 (increased from early 1940s to 1960).
So when they created the retirement age for SS they assumed you'd be dead, right or wrong, within a year or 2.
Now the life expectancy is 79/80 in the US. Originally SS was modeled to only have to be paid for a couple years on average, now its supposed to average paying for nearly 15 years.
Something has to change, right or wrong, the system we have all paid into (I'm 45) won't exist by the time we retire if things aren't changed.
I see 1 of 3 things changing in the next few years (maybe 2 of these) to make SS "solvent".
1. Drastically raising the retirement age as discussed above.
2. Means testing, even if you paid in your whole life, if you have a decent amount in a 401k or just money in general, you get $0.
3. Eliminating the salary cap on taxing for SS, but keeping the maximum benefit cap. Currently the amount of SS you get is based off what you made while you were contributing (average). The current maximum is around $4800/month. This is capped so rich people aren't taking home a crap ton from SS. For that same reason, you stop paying SS tax on any income above $168,600 (this goes up each year for inflation). So if you make $250,000 you pay SS tax for the first $168,600 but every $ after that is not taxed for SS (just federal, state, local, medicare, etc). This has been already talked about going away. They want to still cap the max benefit, but eliminate the income level where the "rich" stop paying.