June 13, 2018

Wednesday Off-Topic (Moderated) Open Thread (061318)

Filed under: Lucid Links — Tom @ 6:00 am

This open thread is meant for commenters to post on items either briefly noted below (if any) or otherwise not covered at this blog. Rules are here.

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  1. Feds Collect Record Individual Income Taxes Through May; Still Run $532.2B Deficit

    https://www.cnsnews.com/news/article/terence-p-jeffrey/feds-collect-record-individual-income-taxes-through-may-still-run

    Great Chart, a point I wish to circle back to regarding Social Security, it’s not the number of people paying into the system that keeps it somewhat solvent, it’s the cumulative total amount of wages that all the people who earn which helps or hurts SS. If we can get even half of the 20 million adults on SNAP to be employed to sufficient income, SS will be able to push back the date of insolvency. Not the false view of the open borders crowd who rationalize more people = more total wages to support SS.

    But you and I know even an increase of total income is not going to save SS unless there is a different investment paradigm for the so called Trust Fund instead of IOUs from Congress.

    Comment by dscott — June 13, 2018 @ 4:50 pm

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