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canada goose outlet uk sale Hillary Clinton has statedthat she doesn’t want to roll back Social Security benefits in any way. In fact, she wants to expand the program. Donald Trump, meanwhile, hasn’t laid out any specific policy points on Social Security, but he has said that he opposes any cutsto benefits. canada goose outlet uk sale
canada goose outlet ontario Are the most popularly proposed Social Security reforms raising the retirement age, reforming cost of living adjustments or expanding the withholding tax fair to retirees and workers? If not, what should be done to make the program sustainable going uk canada goose outlet forward? canada goose outlet ontario
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canada goose outlet store quebec Social Security is unsustainable. It faces an $11.4 trillion deficit over the next 75 years. Yet Donald Trump wants to maintain current benefits, and Hillary Clinton wants to expand them. canada goose outlet store quebec
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canada goose outlet in new york It’s possible, as Clinton proposes, to reduce the program’s shortfalls by raising taxes on the rich. Canada Goose Online But that would be economically destructive, and politicians would almost certainly spend the higher taxes on other government programs. canada goose outlet in new york
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canada goose outlet boston Although Clinton has avoided specifics, raising the payroll tax cap would bring the top marginal canada goose clearance tax rate (federal and state combined) to more than 70 percent, and applying the payroll tax to investment income would raise the top rate to 36 percent. Such high canada goose uk shop taxes are neither necessary Canada Goose online nor canada goose black friday sale beneficial. canada goose outlet boston
canada goose outlet ottawa Social Security was established to prevent poverty among individuals in their final years of life, when they were no longer able to work. But today, Social Security provides decades long benefits to many retirees. The poverty rate among the elderly is nearly 10 percent, but Canada Goose sale Social Security sends benefits of more than buy canada goose jacket cheap 2.5 times the poverty level to the highest income retirees. The program has broken its canada goose outlet ottawa
canada goose outlet black friday sale If Social Security offered competitive returns or Canada Goose Parka had a positive impact on the economy, its massive size may not be so terrible. But by taking payroll taxes that could otherwise be saved and invested and trading them for current government spending and future obligations, Social Security saps the economy of growth and guarantees paltry returns. canada goose outlet black friday sale
canada goose factory outlet toronto location Most workers don’t realize that they could achieve much larger retirement incomes by saving far less than Social Security takes in taxes. Even workers earning $10 an hour could achieve Social Security’s promised benefit by saving half as much as the taxes demand. canada goose factory outlet toronto location
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canada goose clothing uk Given its inefficiency as a retirement savings program, canada goose outlet Social Security should focus on preventing poverty among seniors. This could be accomplished by gradually shifting toward a flat, anti poverty benefit, canada goose increasing the eligibility age in coordination with life expectancy and work capacity and using canada goose factory sale a more accurate measure of inflation. Almost nothing would change for current and near retirees, and future workers would eventually pay lower payroll taxes. canada goose clothing uk
canada goose outlet store uk Are these reforms fair? Absolutely. Social Security was designed to kick in when workers lose their capacity to work. Since Social Security began, life expectancy has increased by 17 years, and jobs have become far less physically demanding, leading to the finding that workers could be Canada Goose Jackets working four years longer than they are. And while it makes sense to provide canadian goose jacket Social Security beneficiaries with an annual cost of living adjustment, it is irrational to use an canada goose clearance sale outdated, narrow and inaccurate index that causes benefits to grow faster than actual inflation. canada goose outlet store uk
canada goose outlet in toronto A flat, would lift millions of retirees out of poverty. Although middle and upper income earners would receive less from Social Security, they would be far better off financially (both in their working years and retirement) than if uk canada goose they were forced to pay higher taxes to maintain Social Security’s promised benefits canada goose outlet in toronto.