How To Strengthen Social Security

For years we have been bombarded by the narrative the the Social Security system is broke and will eventually fail….this has been a Repub narrative for as long as I can remember….and yet SS goes on and on….

But if you want to sure up the system then maybe eliminating the cut-off point for paying into it….and everyone regardless pays into it.

Those are the simple ones…but those are unacceptable to politicians because the wealthy do not want to buy into the system.

Here is yet another way to help strengthen the system….

What does the minimum wage have to do with Social Security? On the surface, they might seem like unrelated issues. After all, the minimum wage is for workers and Social Security is for people who’ve stopped working due to old age or disability. But in fact, the two are closely linked—and raising the minimum wage to a $15/hour living wage would strengthen Social Security.

Social Security is extremely popular, effective, and efficient, but it has one major flaw—benefits are too low. Raising the minimum wage would be a big step towards fixing this problem. That’s because the more money workers pay into Social Security, the greater their future benefits. In other words, raising the minimum wage doesn’t just increase workers’ current compensation. It also increases their future compensation: Social Security.

In practice, this means that a $15 minimum wage will increase the future Social Security benefits of low-income workers by up to $5100 a year. That translates to millions of seniors and people with disabilities who won’t have to cut their medications in half in order to afford groceries.

Raising the minimum wage would also bolster the Social Security trust funds. When workers earn more, they contribute more into Social Security. A $15 minimum wage would generate over $130 billion for our Social Security system by 2035. But the same Republicans who endlessly demand cuts to Social Security so it doesn’t go “bankrupt” (which is impossible) refuse to support a living wage.

The benefits to Social Security are just one of many reasons why we need to update the minimum wage to $15. It will make millions of workers and their families more economically secure. It will pump billions of dollars into communities across the country. And it will save money on means-tested assistance programs.

https://www.commondreams.org/views/2021/02/27/want-strengthen-social-security-raise-minimum-wage-and-do-it-now

One final thought……

If you are one of the struggling families during this pandemic…..these are the Reps that voted against you getting help…..remember their names in 2022 and send them packing…..

Let us not forget the two cowards in the Democratic Party that voted against the bill…..The two Democrats who sided with the GOP were Rep. Jared Golden, who represents Maine’s 2nd District, and Rep. Kurt Shrader, who represents Oregon’s 5th District.

Please keep these names handy and vote their worthless asses out of Congress….they do not deserve you respect or support because they do either for you.

I Read, I Write, You Know

“lego ergo scribo”

8 thoughts on “How To Strengthen Social Security

  1. Isn’t there an automatic connection between wages and SSI? The more one makes, the more one pays in, thus helping the system, or am I mis-remembering?

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