-
Social Insurance
Germany has an extensive state-run social insurance system in which health and long-term care insurance are compulsory for anyone who wants to live in the country. Your type of job and amount of income dedicates how much you pay for your social insurance. In this video, the German insurance system is summarily explained. For more details, please read the Social Insurance Chapter.
For more info check us out at: https://to.handbookgermany.de/UYgImI
Join the conversation: https://www.facebook.com/HandbookGermany
published: 12 Apr 2019
-
How Social Security Works
Since 2010, Social Security’s cash flow has been negative, meaning that the agency does not collect enough money through taxes to cover what it is paying out. Even though there was still this vast trust fund behind Social Security, they started tapping that fund’s interest.
Starting in 2021, they will have to dip into the trust fund itself to cover those benefit payments, and even that pool of cash has an expiration date. Trustees of the fund expect that by 2035 it will not be enough to cover full benefit payments. Due to COVID-19, that date may come years sooner than expected, which has some retirees seriously worried about their future.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality T...
published: 17 Nov 2020
-
Social insurance - Tutorial 7
Social insurance
How do you make sure you have adequate social insurance when you start a business?
Munich's Business Startup Office provide you with free information and advice to help you take your first steps into self-employment. Our tutorials provide a good overview covering all relevant start-up topics.
The City of Munich offers its services to entrepreneurs as a partner of Munich’s Business Startup Office (MEB), a joint initiative with the Chamber of Commerce and Industry (IHK) for Munich and Upper Bavaria.
For in-depth information and contact details please visit our English website
https://www.startup-in-munich.de
published: 20 Jun 2022
-
What is Social Insurance ?
What is Social Insurance ?
Types of General Insurance
HELLO DEAR FRIENDS !
Greetings of the day.
I am Sahil Roy and I welcome you to my YouTube Channel Aucommerce Scholar.
In this video topic which I have covered:
1.What is general insurance?
2. Types of general insurance
VIDEOS ON INSURANCE
https://www.youtube.com/playlist?list=PLiq4fksVc1uzaqWuouN17lnhn1YxZMdYA
VIDEOS ON MCQ ON INSUARNCE
https://www.youtube.com/playlist?list=PLiq4fksVc1ux0deA3O2byTrDX9JRY566K
VIDEOS ON PAST QUESTIONS ON INSURANCE
https://www.youtube.com/playlist?list=PLiq4fksVc1ux3JfkI5MCOoGhdEx8OMgdI
VIDEOS ON MONEY AND BANKING
https://www.youtube.com/playlist?list=PLiq4fksVc1uySL4D8SwXmPFn5TTooe-ZJ
VIDEOS ON INSURANCE
https://www.youtube.com/playlist?list=PLiq4fksVc1uzaqWuouN17lnhn1YxZMdYA
VIDEOS ON RESE...
published: 26 Mar 2021
-
Why You Will Be Getting Social Security After All
Whether directly or indirectly, Social Security has likely touched your life or the life of someone you know. It’s more than likely, if you have a full-time job, a chunk of your paycheck goes toward Social Security. In 2023 nearly 70 million Americans will receive a Social Security benefit every month. It's a lifeline for millions of retirees, disabled Americans, and family members who lost a loved one. But the program is at risk and if action isn't taken, Americans might see a cut in their benefits starting in 2034.
Chapters:
1:29 How Social Security works
2:57 Solvency and Sustainability
6:06 The future of Social Security
Produced and Edited by: Emily Lorsch
Animation: Alex Wood, Jason Reginato
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty Images
Additional Sources: S...
published: 06 Jul 2023
-
9 Social Security
published: 06 Jan 2017
-
How Social Security Works (Explained)
In this video, we will dive into how Social Security works. Social Security is designed to supplement, not replace, your income during retirement.
If you've worked for 10 years or more and paid your Social Security taxes, you're eligible for Social Security retirement benefits. The Social Security Administration calculates your monthly benefit based on your 35 highest-paid years.
There are certain eligibility qualifications —anyone with at least 10 years of work covered by Social Security taxes is eligible, with the option to start collecting as early as 62. We will discuss special cases such as how waiting until age 70 increases your monthly benefit.
If you become disabled before age 62 or before you work for 10 years, you may be eligible for Social Security disability insurance.
...
published: 21 Jul 2020
-
Social Insurance
published: 02 Mar 2021
-
Social Security Increase And Reform Update: 6/8/24 ATTN: SS, SSI, SSDI
Social Security Increase And Reform Update: 6/8/24 ATTN: SS, SSI, SSDI.
Check out the latest videos from our YouTube channel! We have a diverse range of content that covers all aspects of retirement planning, from informative guides on retirement strategies and maximizing benefits to inspiring stories of retirees pursuing their passions and adventures. Whether you're looking to secure your financial future, explore exciting retirement destinations, or discover fulfilling hobbies, our channel has something for everyone. Subscribe now and join our community of retirement enthusiasts as we navigate the journey towards a happy and prosperous retirement together!
🔔 SUBSCRIBE HERE: https://www.youtube.com/c/DavidClarkphotography?sub_confirmation=1
https://www.instagram.com/travelexploreclic...
published: 08 Jun 2024
-
3 reasons to abolish Social Security now!
The old-age entitlement is unsustainable, unfair and unnecessary. Replace it with something that helps the needy of any age.
https://reason.com/video/2023/02/15/3-reasons-to-abolish-security-now/
--------------
You know you're in deep, deep trouble when Joe Biden and Donald Trump agree on anything—and that's especially true when it comes to insisting that nobody should ever cut "a single penny" from Social Security, the nation's income program for people over 65.
Here are three reasons why Social Security should be scrapped completely and replaced with a plan that will help the truly needy without impoverishing everyone else.
Social Security is unsustainable. Created in 1935, Social Security is paid for by a 12.4 percent payroll tax on income up to $160,200. Supporters pretend that Soci...
published: 15 Feb 2023
1:10
Social Insurance
Germany has an extensive state-run social insurance system in which health and long-term care insurance are compulsory for anyone who wants to live in the count...
Germany has an extensive state-run social insurance system in which health and long-term care insurance are compulsory for anyone who wants to live in the country. Your type of job and amount of income dedicates how much you pay for your social insurance. In this video, the German insurance system is summarily explained. For more details, please read the Social Insurance Chapter.
For more info check us out at: https://to.handbookgermany.de/UYgImI
Join the conversation: https://www.facebook.com/HandbookGermany
https://wn.com/Social_Insurance
Germany has an extensive state-run social insurance system in which health and long-term care insurance are compulsory for anyone who wants to live in the country. Your type of job and amount of income dedicates how much you pay for your social insurance. In this video, the German insurance system is summarily explained. For more details, please read the Social Insurance Chapter.
For more info check us out at: https://to.handbookgermany.de/UYgImI
Join the conversation: https://www.facebook.com/HandbookGermany
- published: 12 Apr 2019
- views: 1020
19:15
How Social Security Works
Since 2010, Social Security’s cash flow has been negative, meaning that the agency does not collect enough money through taxes to cover what it is paying out. E...
Since 2010, Social Security’s cash flow has been negative, meaning that the agency does not collect enough money through taxes to cover what it is paying out. Even though there was still this vast trust fund behind Social Security, they started tapping that fund’s interest.
Starting in 2021, they will have to dip into the trust fund itself to cover those benefit payments, and even that pool of cash has an expiration date. Trustees of the fund expect that by 2035 it will not be enough to cover full benefit payments. Due to COVID-19, that date may come years sooner than expected, which has some retirees seriously worried about their future.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
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#CNBC
How Social Security Works
https://wn.com/How_Social_Security_Works
Since 2010, Social Security’s cash flow has been negative, meaning that the agency does not collect enough money through taxes to cover what it is paying out. Even though there was still this vast trust fund behind Social Security, they started tapping that fund’s interest.
Starting in 2021, they will have to dip into the trust fund itself to cover those benefit payments, and even that pool of cash has an expiration date. Trustees of the fund expect that by 2035 it will not be enough to cover full benefit payments. Due to COVID-19, that date may come years sooner than expected, which has some retirees seriously worried about their future.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC
Follow CNBC News on Google+: http://cnb.cx/PlusCNBC
Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC
#CNBC
How Social Security Works
- published: 17 Nov 2020
- views: 1783736
2:12
Social insurance - Tutorial 7
Social insurance
How do you make sure you have adequate social insurance when you start a business?
Munich's Business Startup Office provide you with free i...
Social insurance
How do you make sure you have adequate social insurance when you start a business?
Munich's Business Startup Office provide you with free information and advice to help you take your first steps into self-employment. Our tutorials provide a good overview covering all relevant start-up topics.
The City of Munich offers its services to entrepreneurs as a partner of Munich’s Business Startup Office (MEB), a joint initiative with the Chamber of Commerce and Industry (IHK) for Munich and Upper Bavaria.
For in-depth information and contact details please visit our English website
https://www.startup-in-munich.de
https://wn.com/Social_Insurance_Tutorial_7
Social insurance
How do you make sure you have adequate social insurance when you start a business?
Munich's Business Startup Office provide you with free information and advice to help you take your first steps into self-employment. Our tutorials provide a good overview covering all relevant start-up topics.
The City of Munich offers its services to entrepreneurs as a partner of Munich’s Business Startup Office (MEB), a joint initiative with the Chamber of Commerce and Industry (IHK) for Munich and Upper Bavaria.
For in-depth information and contact details please visit our English website
https://www.startup-in-munich.de
- published: 20 Jun 2022
- views: 1334
2:56
What is Social Insurance ?
What is Social Insurance ?
Types of General Insurance
HELLO DEAR FRIENDS !
Greetings of the day.
I am Sahil Roy and I welcome you to my YouTube Channel Aucom...
What is Social Insurance ?
Types of General Insurance
HELLO DEAR FRIENDS !
Greetings of the day.
I am Sahil Roy and I welcome you to my YouTube Channel Aucommerce Scholar.
In this video topic which I have covered:
1.What is general insurance?
2. Types of general insurance
VIDEOS ON INSURANCE
https://www.youtube.com/playlist?list=PLiq4fksVc1uzaqWuouN17lnhn1YxZMdYA
VIDEOS ON MCQ ON INSUARNCE
https://www.youtube.com/playlist?list=PLiq4fksVc1ux0deA3O2byTrDX9JRY566K
VIDEOS ON PAST QUESTIONS ON INSURANCE
https://www.youtube.com/playlist?list=PLiq4fksVc1ux3JfkI5MCOoGhdEx8OMgdI
VIDEOS ON MONEY AND BANKING
https://www.youtube.com/playlist?list=PLiq4fksVc1uySL4D8SwXmPFn5TTooe-ZJ
VIDEOS ON INSURANCE
https://www.youtube.com/playlist?list=PLiq4fksVc1uzaqWuouN17lnhn1YxZMdYA
VIDEOS ON RESEARCH METHODOLOGY
https://www.youtube.com/playlist?list=PLiq4fksVc1uzmOFKG3oaf4a6po5UYPOr5
MANAGEMENT
https://www.youtube.com/playlist?list=PLiq4fksVc1uyYs-d5aGHlA9awT47pbzAO
MICROECONOMICS
https://www.youtube.com/playlist?list=PLiq4fksVc1uxf_TRaY5blOKg--ZSsxEhT
ACCOUNTANCY CLASS XI
https://www.youtube.com/playlist?list=PLiq4fksVc1uygSeezr0V2XKWGqkvsuVfz
NTA NET/JRF
https://www.youtube.com/playlist?list=PLiq4fksVc1uy9dTgEddDQYECQSVox-4Vj
MACROECONOMICS
https://www.youtube.com/playlist?list=PLiq4fksVc1uyYO3mxw_XEmD7HoF0ENPY5
ACCOUNTANCY CLASS XII
https://www.youtube.com/playlist?list=PLiq4fksVc1uyZIZ-AcgpkF-HxfRejBpMj
https://wn.com/What_Is_Social_Insurance
What is Social Insurance ?
Types of General Insurance
HELLO DEAR FRIENDS !
Greetings of the day.
I am Sahil Roy and I welcome you to my YouTube Channel Aucommerce Scholar.
In this video topic which I have covered:
1.What is general insurance?
2. Types of general insurance
VIDEOS ON INSURANCE
https://www.youtube.com/playlist?list=PLiq4fksVc1uzaqWuouN17lnhn1YxZMdYA
VIDEOS ON MCQ ON INSUARNCE
https://www.youtube.com/playlist?list=PLiq4fksVc1ux0deA3O2byTrDX9JRY566K
VIDEOS ON PAST QUESTIONS ON INSURANCE
https://www.youtube.com/playlist?list=PLiq4fksVc1ux3JfkI5MCOoGhdEx8OMgdI
VIDEOS ON MONEY AND BANKING
https://www.youtube.com/playlist?list=PLiq4fksVc1uySL4D8SwXmPFn5TTooe-ZJ
VIDEOS ON INSURANCE
https://www.youtube.com/playlist?list=PLiq4fksVc1uzaqWuouN17lnhn1YxZMdYA
VIDEOS ON RESEARCH METHODOLOGY
https://www.youtube.com/playlist?list=PLiq4fksVc1uzmOFKG3oaf4a6po5UYPOr5
MANAGEMENT
https://www.youtube.com/playlist?list=PLiq4fksVc1uyYs-d5aGHlA9awT47pbzAO
MICROECONOMICS
https://www.youtube.com/playlist?list=PLiq4fksVc1uxf_TRaY5blOKg--ZSsxEhT
ACCOUNTANCY CLASS XI
https://www.youtube.com/playlist?list=PLiq4fksVc1uygSeezr0V2XKWGqkvsuVfz
NTA NET/JRF
https://www.youtube.com/playlist?list=PLiq4fksVc1uy9dTgEddDQYECQSVox-4Vj
MACROECONOMICS
https://www.youtube.com/playlist?list=PLiq4fksVc1uyYO3mxw_XEmD7HoF0ENPY5
ACCOUNTANCY CLASS XII
https://www.youtube.com/playlist?list=PLiq4fksVc1uyZIZ-AcgpkF-HxfRejBpMj
- published: 26 Mar 2021
- views: 14454
13:40
Why You Will Be Getting Social Security After All
Whether directly or indirectly, Social Security has likely touched your life or the life of someone you know. It’s more than likely, if you have a full-time job...
Whether directly or indirectly, Social Security has likely touched your life or the life of someone you know. It’s more than likely, if you have a full-time job, a chunk of your paycheck goes toward Social Security. In 2023 nearly 70 million Americans will receive a Social Security benefit every month. It's a lifeline for millions of retirees, disabled Americans, and family members who lost a loved one. But the program is at risk and if action isn't taken, Americans might see a cut in their benefits starting in 2034.
Chapters:
1:29 How Social Security works
2:57 Solvency and Sustainability
6:06 The future of Social Security
Produced and Edited by: Emily Lorsch
Animation: Alex Wood, Jason Reginato
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty Images
Additional Sources: Social Security Administration, National Academy of Social Insurance
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC
Follow CNBC News on Google+: http://cnb.cx/PlusCNBC
Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC
#CNBC
#PersonalFinance
#SocialSecurity
Why You Will Be Getting Social Security After All
https://wn.com/Why_You_Will_Be_Getting_Social_Security_After_All
Whether directly or indirectly, Social Security has likely touched your life or the life of someone you know. It’s more than likely, if you have a full-time job, a chunk of your paycheck goes toward Social Security. In 2023 nearly 70 million Americans will receive a Social Security benefit every month. It's a lifeline for millions of retirees, disabled Americans, and family members who lost a loved one. But the program is at risk and if action isn't taken, Americans might see a cut in their benefits starting in 2034.
Chapters:
1:29 How Social Security works
2:57 Solvency and Sustainability
6:06 The future of Social Security
Produced and Edited by: Emily Lorsch
Animation: Alex Wood, Jason Reginato
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty Images
Additional Sources: Social Security Administration, National Academy of Social Insurance
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC
Follow CNBC News on Google+: http://cnb.cx/PlusCNBC
Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC
#CNBC
#PersonalFinance
#SocialSecurity
Why You Will Be Getting Social Security After All
- published: 06 Jul 2023
- views: 383883
1:22
How Social Security Works (Explained)
In this video, we will dive into how Social Security works. Social Security is designed to supplement, not replace, your income during retirement.
If you've w...
In this video, we will dive into how Social Security works. Social Security is designed to supplement, not replace, your income during retirement.
If you've worked for 10 years or more and paid your Social Security taxes, you're eligible for Social Security retirement benefits. The Social Security Administration calculates your monthly benefit based on your 35 highest-paid years.
There are certain eligibility qualifications —anyone with at least 10 years of work covered by Social Security taxes is eligible, with the option to start collecting as early as 62. We will discuss special cases such as how waiting until age 70 increases your monthly benefit.
If you become disabled before age 62 or before you work for 10 years, you may be eligible for Social Security disability insurance.
To learn more, go to www.aarp.org/retirement/social-security/
If you want to be notified of more uploads, subscribe to the channel: https://www.youtube.com/@AARPAnswers?sub_confirmation=1
Learn more about Social Security here: https://www.youtube.com/playlist?list=PLCs-cyDdbqlLeFdEXns-n8_QRLKbsq2Eb
Please consider supporting more content like this by becoming an AARP member: https://www.aarp.org/becomeamember
*CHAPTERS*
00:00 How Does Social Security Work
00:27 Who Qualifies for Social Security?
00:48 Social Security Disability Insurance
- - - - - -
*CONNECT* with AARP Online:
Visit us: http://aarp.org
Like us on Facebook: http://facebook.com/AARP
Follow us on Twitter: http://twitter.com/AARP
AARP is a nonprofit, nonpartisan organization dedicated to helping people ages 50 and older improve their quality of life as they age. With over 38 million members and growing, we lead positive social change through our extensive product offerings and services.
#socialsecurity #aarp #socialsecuritybenefits #socialsecurityretirements
https://wn.com/How_Social_Security_Works_(Explained)
In this video, we will dive into how Social Security works. Social Security is designed to supplement, not replace, your income during retirement.
If you've worked for 10 years or more and paid your Social Security taxes, you're eligible for Social Security retirement benefits. The Social Security Administration calculates your monthly benefit based on your 35 highest-paid years.
There are certain eligibility qualifications —anyone with at least 10 years of work covered by Social Security taxes is eligible, with the option to start collecting as early as 62. We will discuss special cases such as how waiting until age 70 increases your monthly benefit.
If you become disabled before age 62 or before you work for 10 years, you may be eligible for Social Security disability insurance.
To learn more, go to www.aarp.org/retirement/social-security/
If you want to be notified of more uploads, subscribe to the channel: https://www.youtube.com/@AARPAnswers?sub_confirmation=1
Learn more about Social Security here: https://www.youtube.com/playlist?list=PLCs-cyDdbqlLeFdEXns-n8_QRLKbsq2Eb
Please consider supporting more content like this by becoming an AARP member: https://www.aarp.org/becomeamember
*CHAPTERS*
00:00 How Does Social Security Work
00:27 Who Qualifies for Social Security?
00:48 Social Security Disability Insurance
- - - - - -
*CONNECT* with AARP Online:
Visit us: http://aarp.org
Like us on Facebook: http://facebook.com/AARP
Follow us on Twitter: http://twitter.com/AARP
AARP is a nonprofit, nonpartisan organization dedicated to helping people ages 50 and older improve their quality of life as they age. With over 38 million members and growing, we lead positive social change through our extensive product offerings and services.
#socialsecurity #aarp #socialsecuritybenefits #socialsecurityretirements
- published: 21 Jul 2020
- views: 69940
13:13
Social Security Increase And Reform Update: 6/8/24 ATTN: SS, SSI, SSDI
Social Security Increase And Reform Update: 6/8/24 ATTN: SS, SSI, SSDI.
Check out the latest videos from our YouTube channel! We have a diverse range of content...
Social Security Increase And Reform Update: 6/8/24 ATTN: SS, SSI, SSDI.
Check out the latest videos from our YouTube channel! We have a diverse range of content that covers all aspects of retirement planning, from informative guides on retirement strategies and maximizing benefits to inspiring stories of retirees pursuing their passions and adventures. Whether you're looking to secure your financial future, explore exciting retirement destinations, or discover fulfilling hobbies, our channel has something for everyone. Subscribe now and join our community of retirement enthusiasts as we navigate the journey towards a happy and prosperous retirement together!
🔔 SUBSCRIBE HERE: https://www.youtube.com/c/DavidClarkphotography?sub_confirmation=1
https://www.instagram.com/travelexploreclick
Get Cash app: Try it using my code and we’ll each get $5. XSXNHFX
https://cash.app/app/XSXNHFX
MY NEW CHANNEL: https://www.youtube.com/channel/UCkSInbu5ovL1Iect-AzZppQ
Congressional Youtube Channels: https://www.travelexploreclick.com/post/youtube-channels-of-u-s-senators
🏛🏛CONTACT YOUR CONGRESSPERSON🏛🏛
U.S. Capitol Switchboard
(202) 224-3121
https://www.house.gov/representatives
White House Switchboard
(202) 456-1414
☕IF YOU WOULD LIKE TO BUY ME A COFFEE☕
(Paypal) https://paypal.me/davidclarkphoto
(Cashapp) https://cash.me/$TravelExploreClick (Please leave a message)
PRODUCTS I USE: www.amazon.com/shop/travelexploreclick
Other gear I use and recommend: https://www.travelexploreclick.com/my-photo-gear
Travel gear I use and recommend: https://www.travelexploreclick.com/my-travel-gear
========================================================================
==========================================================================
DISCLAIMER: I am NOT a CPA or financial advisor. I am not providing tax or financial advice. This channel is for entertainment purposes ONLY. Please don’t base your financial decisions on information I provided on my channel. Although my videos are well thought out and researched, if you need financial advice please contact a professional.
****The links above are affiliate links and all proceeds are used to promote the channel. If you choose to buy these items or apply for these credit cards through the following links, I will get a small kick back and it will cost you nothing extra. Thank you****
https://wn.com/Social_Security_Increase_And_Reform_Update_6_8_24_Attn_Ss,_Ssi,_Ssdi
Social Security Increase And Reform Update: 6/8/24 ATTN: SS, SSI, SSDI.
Check out the latest videos from our YouTube channel! We have a diverse range of content that covers all aspects of retirement planning, from informative guides on retirement strategies and maximizing benefits to inspiring stories of retirees pursuing their passions and adventures. Whether you're looking to secure your financial future, explore exciting retirement destinations, or discover fulfilling hobbies, our channel has something for everyone. Subscribe now and join our community of retirement enthusiasts as we navigate the journey towards a happy and prosperous retirement together!
🔔 SUBSCRIBE HERE: https://www.youtube.com/c/DavidClarkphotography?sub_confirmation=1
https://www.instagram.com/travelexploreclick
Get Cash app: Try it using my code and we’ll each get $5. XSXNHFX
https://cash.app/app/XSXNHFX
MY NEW CHANNEL: https://www.youtube.com/channel/UCkSInbu5ovL1Iect-AzZppQ
Congressional Youtube Channels: https://www.travelexploreclick.com/post/youtube-channels-of-u-s-senators
🏛🏛CONTACT YOUR CONGRESSPERSON🏛🏛
U.S. Capitol Switchboard
(202) 224-3121
https://www.house.gov/representatives
White House Switchboard
(202) 456-1414
☕IF YOU WOULD LIKE TO BUY ME A COFFEE☕
(Paypal) https://paypal.me/davidclarkphoto
(Cashapp) https://cash.me/$TravelExploreClick (Please leave a message)
PRODUCTS I USE: www.amazon.com/shop/travelexploreclick
Other gear I use and recommend: https://www.travelexploreclick.com/my-photo-gear
Travel gear I use and recommend: https://www.travelexploreclick.com/my-travel-gear
========================================================================
==========================================================================
DISCLAIMER: I am NOT a CPA or financial advisor. I am not providing tax or financial advice. This channel is for entertainment purposes ONLY. Please don’t base your financial decisions on information I provided on my channel. Although my videos are well thought out and researched, if you need financial advice please contact a professional.
****The links above are affiliate links and all proceeds are used to promote the channel. If you choose to buy these items or apply for these credit cards through the following links, I will get a small kick back and it will cost you nothing extra. Thank you****
- published: 08 Jun 2024
- views: 4100
3:47
3 reasons to abolish Social Security now!
The old-age entitlement is unsustainable, unfair and unnecessary. Replace it with something that helps the needy of any age.
https://reason.com/video/2023/02/1...
The old-age entitlement is unsustainable, unfair and unnecessary. Replace it with something that helps the needy of any age.
https://reason.com/video/2023/02/15/3-reasons-to-abolish-security-now/
--------------
You know you're in deep, deep trouble when Joe Biden and Donald Trump agree on anything—and that's especially true when it comes to insisting that nobody should ever cut "a single penny" from Social Security, the nation's income program for people over 65.
Here are three reasons why Social Security should be scrapped completely and replaced with a plan that will help the truly needy without impoverishing everyone else.
Social Security is unsustainable. Created in 1935, Social Security is paid for by a 12.4 percent payroll tax on income up to $160,200. Supporters pretend that Social Security is like a retirement plan, where your specific contributions build value over time. But the system is a Ponzi scheme, in which current beneficiaries are paid out of new money coming into the system. The problem is that when the program started paying out benefits in 1940, there were 160 workers per retiree, so a surplus built up. Today, there are just 2.8 workers per retiree.
In a decade, there won't be enough money coming into the system to cover the current level of benefits. By law, benefits will need to be cut by 20 percent or payroll taxes will need to be jacked up even more than they already are. In 2023, we'll be taxed on all income up to $160,200—a figure that's up from $113,700 a decade ago and $87,000 in 2003.
Social Security is unfair. The payroll tax hits younger, poorer workers harder than older and wealthier ones. A minimum-wage worker might pay virtually nothing in federal taxes, but will still be forced to fork over 12.4 percent of his or her compensation in payroll taxes.
It's a bad deal for retirees from an investment point of view: According to a 2016 Tax Foundation study, a worker retiring after making average wages could expect an annual payout of about $20,000. If that person had instead put just 10 percent of their annual earnings into an conservative IRA, they could expect an annual retirement income of almost three times more.
And don't think the government actually owes you anything when you retire, regardless of how much you paid in. In 1960, the Supreme Court ruled in Flemming v. Nestor that there is no contractual or constitutional right to receive Social Security benefits.
Social Security is unnecessary. When Social Security was passed during the Great Depression, old age and poverty went hand in hand. Now the median net worth of households headed by someone over 65 is more than double that of households headed by someone half their age. Households headed by people 75 years or older had a median net worth of $254,800 and those headed by people between the ages of 65 and 74 came in at $266,400. For those between 35-44, the figure was just $91,300.
To be fair, part of the reason older Americans are relatively flush is because of Social Security and Medicare. But it's mostly because people are living and working longer and accruing more wealth so that old-age programs are less and less important to financial stability and well-being. There's simply no good reason to pay out universal benefits to millionaires like Joe Biden and billionaires like Donald Trump.
Rather than jawboning about saving Social Security, politicians—and voters—should be talking about ways to wind it down as quickly as possible. Let people within a decade or so of retirement get benefits, but reduce and eliminate payroll taxes for the rest of us so we have more money to fund our own retirements.
The federal government can and should continue to help older Americans—indeed, Americans of any age—who need assistance with food, housing, and health care. But that doesn't require forcing all of us to pay into a system that is increasingly unsustainable, unfair, and unnecessary.
Edited by John Osterhoudt; additional graphics by Danielle Thompson
Photo: Gripas Yuri/ABACA/Newscom
https://wn.com/3_Reasons_To_Abolish_Social_Security_Now
The old-age entitlement is unsustainable, unfair and unnecessary. Replace it with something that helps the needy of any age.
https://reason.com/video/2023/02/15/3-reasons-to-abolish-security-now/
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You know you're in deep, deep trouble when Joe Biden and Donald Trump agree on anything—and that's especially true when it comes to insisting that nobody should ever cut "a single penny" from Social Security, the nation's income program for people over 65.
Here are three reasons why Social Security should be scrapped completely and replaced with a plan that will help the truly needy without impoverishing everyone else.
Social Security is unsustainable. Created in 1935, Social Security is paid for by a 12.4 percent payroll tax on income up to $160,200. Supporters pretend that Social Security is like a retirement plan, where your specific contributions build value over time. But the system is a Ponzi scheme, in which current beneficiaries are paid out of new money coming into the system. The problem is that when the program started paying out benefits in 1940, there were 160 workers per retiree, so a surplus built up. Today, there are just 2.8 workers per retiree.
In a decade, there won't be enough money coming into the system to cover the current level of benefits. By law, benefits will need to be cut by 20 percent or payroll taxes will need to be jacked up even more than they already are. In 2023, we'll be taxed on all income up to $160,200—a figure that's up from $113,700 a decade ago and $87,000 in 2003.
Social Security is unfair. The payroll tax hits younger, poorer workers harder than older and wealthier ones. A minimum-wage worker might pay virtually nothing in federal taxes, but will still be forced to fork over 12.4 percent of his or her compensation in payroll taxes.
It's a bad deal for retirees from an investment point of view: According to a 2016 Tax Foundation study, a worker retiring after making average wages could expect an annual payout of about $20,000. If that person had instead put just 10 percent of their annual earnings into an conservative IRA, they could expect an annual retirement income of almost three times more.
And don't think the government actually owes you anything when you retire, regardless of how much you paid in. In 1960, the Supreme Court ruled in Flemming v. Nestor that there is no contractual or constitutional right to receive Social Security benefits.
Social Security is unnecessary. When Social Security was passed during the Great Depression, old age and poverty went hand in hand. Now the median net worth of households headed by someone over 65 is more than double that of households headed by someone half their age. Households headed by people 75 years or older had a median net worth of $254,800 and those headed by people between the ages of 65 and 74 came in at $266,400. For those between 35-44, the figure was just $91,300.
To be fair, part of the reason older Americans are relatively flush is because of Social Security and Medicare. But it's mostly because people are living and working longer and accruing more wealth so that old-age programs are less and less important to financial stability and well-being. There's simply no good reason to pay out universal benefits to millionaires like Joe Biden and billionaires like Donald Trump.
Rather than jawboning about saving Social Security, politicians—and voters—should be talking about ways to wind it down as quickly as possible. Let people within a decade or so of retirement get benefits, but reduce and eliminate payroll taxes for the rest of us so we have more money to fund our own retirements.
The federal government can and should continue to help older Americans—indeed, Americans of any age—who need assistance with food, housing, and health care. But that doesn't require forcing all of us to pay into a system that is increasingly unsustainable, unfair, and unnecessary.
Edited by John Osterhoudt; additional graphics by Danielle Thompson
Photo: Gripas Yuri/ABACA/Newscom
- published: 15 Feb 2023
- views: 38650