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Message of the Public
Trustees HA-22-9-18
To prevent the unnecessary OASI deficit, that is driving the
Actuary to madly declare a premature combined deficit for the intermediate
projections, Congress must not wait for the expiration of the 2.37% DI tax rate
in 2019 from the Bipartisan Budget Act of 2015 to adopt a 2.1% DI tax rate
beginning in 2018 for the intermediate projection under Sec. 201(b)(1)(T) of
the Social Security Act under 42USC¤401(b)(1)(T) FY18. By repealing ÔAdjustment of the contribution and
benefit baseÕ tax loophole for the rich and DI tax exemption of Title I State
retirement contributors and replacing it with ÔSupplemental Security Income
Trust FundÕ Section 230 of the Social Security Act under 42USC¤430 it
is estimated that SSI benefits would increase in stages, 228% the first year of
the tax, 25% the second, 5% the third, and normal 4% growth the fourth, and
thereafter, unless legitimate demands to end poverty by 2030 or actuarial
differences or market failure require a change in plans. It is estimated that
the number of SSI beneficiaries would increase 225% from 8.1 million in 2018 to
18.5 million in 2019 to 23.1 million in 2020 with an average benefit of $589 a
month, $7,069 a year, costing $163.2 billion in 2020, when the table above
provides $173.9 billion, enough for 24.6 million average benefits. New monthly
benefits must cost less than new monthly revenues to sustain an actual surplus.
The 12.4% OASDI FICA tax
adjusts 2.3% SSI 2.1% DI 8.0% OASI.
By 2020 individual income
tax and customs duty revenue growth from non-discriminatory travel document
sales, energy export tax, might yield on-budget surplus, especially if consumer
economic growth were sustained by taxing the rich the full 12.4% OASDI tax on
all their income to create an SSI Trust Fund to end child poverty by 2020 and
all poverty by 2030. Please vote to confirm this Message of the Public Trustees
and
sign the Annual Report with a once-in-a-lifetime promotion from $693 (2018) to
$2,000 (2019) a month disability under 24CFR¤1.8
and 24USC¤422(d)(1).
Quarterly
HA has been published equinox
and solstice since 2001 and monthly since the website was created in December
2004.
Vol. 2 Is. 1, Vol. 2 Is. 4, Vol. 3 Is. 1,
Vol. 3 Is. 2, Vol. 3 Is. 3, Vol. 3 Is. 4, Vol. 4 Is. 1, Vol. 4 Is. 2, Vol. 4 Is. 3, Vol. 4 Is. 4, Vol. 5 Is. 1, Vol. 5 Is. 2, Vol. 5 Is. 3, Vol. 5 Is. 4, Vol. 6 Is. 1, , Vol. 6 Is. 2, Vol. 6 Is. 3, Vol. 6 Is. 4, Vol. 7 Is. 1, Vol. 7 Is. 2, Vol. 7 Is. 3, Vol. 7 Is. 4, Vol. 8 Is 1, Vol. 8 Is. 2, Vol. 8 Is. 3, Vol. 8 Is. 4, Vol. 9 Is. 1,
Vol. 9 Is.
2, Vol. 9 Is. 3, Vol. 9 Is 4,
Vol. 10
Is. 1, Vol. 10 Is. 3, Vol. 10, Is.
4, Vol. 11 Is. 1, Vol. 11 No. 2,
Vol. 11 No.
3, Vol. 11 No. 4, Vol 12 No. 1,
Vol 12
No. 2, Vol. 12 No. 3, Vol. 12 No. 4,
Vol. 13
No. 1, Vol. 13, No. 2, Vol. 13, No. 3,
Vol. 13
No. 4, Vol. 14 No. 1, Vol. 14 No. 2,
Vol. 14 No.
3, Vol. 14, No. 4, Vol. 15, No.
1. Vol. 15, No. 2, Vol. 15 No. 3, Vol. 15 No. 4, Vol. 16. No. 1, Vol. 16 No. 2, Vol.16 No. 3, Vol. 16 No. 4, Vol. 17 No.1, Vol. 17 No. 2, Vol. 17 No. 3, Vol. 17 No. 4, Vol. 18 No. 1, Vol. 18 No. 2, Vol. 18 No.3
Email: Anthony J. Sanders at sandersasylum@gmail.com