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Discussion and Debate
Discussion and Debate
Politics
American Politics
Nov 2nd Predictions.
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<blockquote data-quote="Steve Petersen" data-source="post: 56029206" data-attributes="member: 110898"><p>Look, if you extend your logic, the sooner we can get people out of the work force, the less competition for jobs and hence higher wages. Problem is the people that continue to work will have a greater burden to bear by the fact they will have to be paying to support otherwise able bodied people not to work (via SS). This will raise their taxes and reduce their effective pay.</p><p></p><p>As an aside, the longer a person delays taking SS, the higher the benefit. Increase is about 8% for each year you delay.</p></blockquote><p></p>
[QUOTE="Steve Petersen, post: 56029206, member: 110898"] Look, if you extend your logic, the sooner we can get people out of the work force, the less competition for jobs and hence higher wages. Problem is the people that continue to work will have a greater burden to bear by the fact they will have to be paying to support otherwise able bodied people not to work (via SS). This will raise their taxes and reduce their effective pay. As an aside, the longer a person delays taking SS, the higher the benefit. Increase is about 8% for each year you delay. [/QUOTE]
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