Idea.. The O.O.P.S.B.I.T.C.H Act of 2010

[Sky Masterson]

Opt Out and Pay back Social security Because I'm Tired of Communist Hand-outs.
The O.O.P.S.B.I.T.C.H Act of 2010

This bill would make it so that all Caucasian Adults 48 years and older could
Opt Out of paying Social Security and Adults 62 years and older would be required by law to Pay back all funds given to them through Socialist security.
(And to show how much we care we will forgive the interest.)

Since several older white folk are very upset with the current trend toward socialism (The Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010) that Fox news and the Right-wing is telling them is akin to the breaking of the seventh seal and that armageddon is nigh!:eyes:
I think as a matter of personal integrity and patriotism that they should "Opt Out" and "Pay back" all funds received when 62 years of age and since a rising tide lifts all ships and government hand-outs are nothing short of socialism;They should get off their lazy welfare receiving asses and get a job so they can pay it back!

You think we could get Grayson or Kucinich on this? ;)
:hide:

[babylonsister]

1. ...

:rofl:

I like it! :D

[unapatriciated]

2. You have a problem with the payback requirement.

You first have to pay those that want to opt out back all the payroll deductions made by SS and Medicare. So many view these programs as entitlements when in reality they are a public insurance we all pay into as a safety net for retirement age. Even if they were very frugal the tax monies that were reimbursed to them would not sustain them if they should live past five years of sixty two.
Just a thought from a caucasian adult over 48.

I personally dislike that many refer to our social programs as "entitlements", they are safety nets we all pay into for the benefit of society as a whole.

[Saturday]

4. Payroll deductions for Medicare?

SS is a payroll deduction but Medicare isn't. Anyone that reaches the age of 65 gets Medicare even if they never worked a day in their life.

[unapatriciated]

5. Yes there is

Statutory Payroll Tax Deductions

Payroll taxes must be withheld from an employee's paycheck. This is required by law. Employers must hand these withholdings over to various tax agencies. Payroll tax deductions include the following:
Federal income tax withholding (based on withholding tables in Publication 15)
Social Security tax withholding (6.2% up to the annual maximum)
Medicare tax withholding (1.45%)
State income tax withholding
Various local tax withholdings (such as city, county, or school district taxes, state disability or unemployment insurance).
http://taxes.about.com/od/payroll/qt/payroll_basics.htm

Yes every one gets it regardless of paying in, that is why I refer it as being more of a public option than an entitlement program.
All that have payroll taxes deducted pay a medicare tax. what we pay in individually would not go far but collectively is a different story.

[Saturday]

6. Thanks for the information.

I guess I should change my aruement to 1.45% deductions will not cover much when you reach 65 and have heath issues. Teabaggers have not paid for their Medicare because of that small deduction unless they die before any major health issues.

[unapatriciated]

7. Yes lol

what is paid in will not cover all the HC you will need when you reach 65. That's why we need to increase this tax or encourage a buy in for all. Insurance only works if you also have the healthy in the same pool.

Medicare is our country’s health insurance program for people age 65 or older. Certain people younger than age 65 can qualify for Medicare, too, including those who have disabilities and those who have permanent kidney failure or amyotrophic lateral sclerosis (Lou Gehrig’s disease). The program helps with the cost of health care, but it does not cover all medical expenses or the cost of most long-term care.

Medicare is financed by a portion of the payroll taxes paid by workers and their employers. It also is financed in part by monthly premiums deducted from Social Security checks. (If we had everyone paying premiums it would work.)

The Centers for Medicare & Medicaid Services is the agency in charge of the Medicare program. But you apply for Medicare at Social Security, and we can give you general information about the Medicare program.
http://www.ssa.gov/pubs/10043.html#part1

[unapatriciated]

8. Actually the better argument to seniors would be

if you are happy with medicare than why wouldn't you want your children and grandchildren to have the same.
If the roles were opened up we would have a larger pool to draw from (you need the healthy to make it work) with lower overheads and more dollars going to Health Care instead of profits.

[quaker bill]

3. As much as I do not care for their politics,

I would still prefer they not suffer poverty and hunger. This is not the sort of country I care to live in. However, if they wish to refund the checks to the government each month, I say they can go for it as long as they can.