http://www.latimes.com/news/opinion...8,0,7401318.story?coll=la-home-sunday-opinion Outsourcing to another level...
Underdeveloped areas? There's a classic idea. Let Mr. Walter Russell Mead be the first to venture into the Mexican State of Chiapas and start the development. Then let me remind him that when the locals come chasing after him with machetes to stop the development there will not be a police officer to help him out. Adios Senor Mead.
A big Bump. Sorry mods. Still not fixed. https://www.economist.com/news/amer...sort-immigrant-loving-trump-and-living-mexico Come on, we need to outsource our elderly. Maybe make a deal with Mexico, they get rid of their limits on foreign property ownership and we allow Medicare to be used in Mexico.
My father did that. Had no savings and no income but Social Security. Moved from San Diego to Mexico, and upgraded from a flophouse lifestyle to an old-school bachelor lifestyle -- renting a room in a nice house, in a good neighborhood, with plenty of money remaining for food and basic entertainment.
Is your father Jesse "The Body" Ventura? Cool! (Really, I think that makes sense for many people) I just had a client that did that in the Fall. She has been in a huge fight with her brother over a trust (he was trustee and just screwing her over). She took what money she had and moved to Mexico. She is living at a much higher standard on her Social Security and is away from the abusive brother. The fight over what money is left is still ongoing, but she is living a much better life.
One of my seminar courses this week had an article where this was suggested as a policy option - not Mexico specifically, but to developing countries.
Well true. Pops didn't have any when he left, and when mine was born he said to drop him in a pond, because he would probably grow up to be like his mother. Ah, family.
You don't even have to be a low income retiree for it to make sense to retire abroad. And while this may or may not help Medicare, it does nothing for to "save" Social Security.
I think it would be a great way to funnel much needed investment into 3rd/develping countries. If we can get enough people to do so (we won't) ti could slow down the growth of S.S. spending. We can cut S.S. benefits to 75% of their current levels, that would get us passed the baby boomer retirees. 75% of S.S. would stretch a lot more in Latin America, the Caribbean, Africa or South East Asia. Shit, even Eastern/Balkans Europe for those Trumpists that want to go to white places only.
Wasn't giving birth in pools a thing at one time? Gotta develop those Michael Phelps olympians somehow.
The only way I see it benefiting is those who move overseas would receive smaller Social Security checks, thereby benefiting those who did not.
Ooooor.... We could make all income taxable for SS and adopt single payer!!!! See, lots of money to fund the system and then better service at about 2/3 the price!!!
Oooor you could keep your hands off my money. You've already taxed it once, and forced me to invest it poorly, now you want to tax it again (which you already do). No thanks.
I've never understood this argument. I think what Daqip is suggesting is a removal of the cap on SS taxable income. Is there some tax on income above $128,000 that I don't know about?