That's true if it happens in isolation and there are no other changes, for sure. But it's also misleading, you are given X amount, but give Y back. But if you don't give Y back, your X will be smaller. Well sure, but it's a bunch of just passing money around at some point.
I agree with most of what you stated, but, most people, retired or not live to their income. So the thought that people will save 75% of their monthly income for the future just doesn't happen.
but that doesn't change the math. that's people using the money to party rather than protect themselves. that's fine to do but doesn't alter whether or not the expat process provides protection, it gives them that choice. if they throw it away that's a decision that they make in spite of being granted protection from this situation.
it's a question that is asked a lot. the video starts off crystal clear that it can never happen. about as far from a scare tactic as you can get while covering a regularly asked topic
What will happen to SS if they don't pass a bill to strengthen, there will be a 25% "hair cut" in the year of 2031 or so for EVERYONE. It's the law. Hopefully, they come up with a plan that both parties can come to an agreement on to keep our benefits without being cut. Retired in the Philippines.
That is why people need to invest to mitigate issues caused to your money by the government. I been investing in dividends. Currently my dividends pay my rent. I got a ways to go but at least I feel like I am on the right path now.
@@josephputnam7586 Dividends are great until they are not. I lost 50% of my dividends in 2020 debacle and now just barely getting some of them back. The stock market is due for a huge pull back and dividends will be at risk again.
Let’s get something straight here. he has the Supreme Court backing anything he says and do. he has the Republicans house and senate. so, just remember what he said about a month ago…… “I don’t care about you, I just want your vote” 😳😳😳
Full quote: "And by the way, isn't that breeze nice? Do you feel the breeze? Cause I don't want anybody going on me, we need every voter. I don't care about you, I just want your vote. I don't care. See now the press will take that, they'll say he said a horrible thing." www.snopes.com/fact-check/trump-i-dont-care-about-you-quote/ He most certainly said it.
No. If you're an American "Citizen".....then you're entitled to SS no matter where you are. Trump said he will protect SS and end taxes on it.....that's all.
Actually, it's something you have to actually earn and this is done by accumulating 40 quarters (three-month periods) of work in which you paid the required 6.2% tax into the program. Of course, there are exceptions--such as qualified widows, disabled people and orphaned children--but generally speaking, this is how the program works. The assumption being that if you didn't contribute, then you don't qualify for benefits. Also, non-citizens who worked legally in the US (had valid social security cards and permission to work), such legal residents who came from another country and then returned home after their productive years.
Trump is pro expat , and talks about being pro expat? I doubt he knows what that word even means. I think you have way to much faith in that guy. Trump changes his mind from moment to moment.
Agreed. There is zero chance Trump understands any of this. Perhaps one his oligarch buddies who does business abroad has mentioned this issue and now Trump knows more about the issue than anyone else alive. Face it, he's a grifter and he's never gonna change.
Ah, the old "Trump doesn't know some simple concept" line of thinking. What makes you so qualified you can make this assertion? Did you get elected to be president of the US by the electoral college and popular vote or something? I don't remember a past president with your name...
@@LeviathanSparrow Most thinking people can see that tRump is an idiot and knows nothing. He crashed our economy last time and will do the same this time. However, this time he is pushing is autocratic tendencies and it won't end well for anyone in the states. He is truly unqualified to be president, but he plans on being a dictator, so I guess qualifications don't really matter.
That's the secret, I don't need any faith. He answers to oligarchs, and oligarchs want consistent things and those things align with expats. Trump need not understand what commands he is given, but we know he always follows them.
Ah, but it ISN'T YOUR money you see. That would be criminals talking, openly trying to steal American's money. Don't you believe in property ownership or do you think governments should just go around seizing property whenever it is convenient? Why not just take YOUR house and use it for "America" if you feel that way?
@BYRRDtravel and i'm saying only a coward and crook tries to curtail american freedoms because they are jealous of brave people leveraging their american rights. i'm saying you are sad and scared and jealous. it's pathetic and cowardly. what a loser. get a backbone. earn your own money.
@BYRRDtravel losers like this is why smart successful americans so often want to move abroad and act like americans. you seem to be confusing america with north korea. you think everyone's money shouldn't be their own. sounds like communism out of fear to me. you are scared of having to pay your own bills and jealous of those earning their own money. no wonder we all want to leave. try thinking like and american and not a scared little girl.
You say "our" money trying to imply that my business' profits belong to YOU. Once you are talking about having to take away my money for your welfare. Get a job and deal with your own problems.
Nah, it is really not hard to fix. 1. But we need a flat tax 2. Business needs to pay just a little more in Social Security for their employees. 3. We need to stop providing for other countries with billions of dollars. 4. A new law that states that the Social Security coffers are off limits. 5. This bill has to pass when either the Republicans or Democrats have majorities if both the house and senate. 6. This can't be done with an Executive Order.
The landlords would have motive to make this real. "Come home, we want to drain the life out of you."
It doesn't really, it just cripples society. Making the aged homeless doesn't actually benefit the rich.
This is how it begins
No, Trump did say he would end taxes on Social Security though.
exactly, VERy much the opposite of what people are worried about. More protections of SS, not less.
@@ScottAlanMillerVlog However SS taxes go into the fund, without them the system goes broke sooner and cuts are deeper.
That's true if it happens in isolation and there are no other changes, for sure. But it's also misleading, you are given X amount, but give Y back. But if you don't give Y back, your X will be smaller. Well sure, but it's a bunch of just passing money around at some point.
I agree with most of what you stated, but, most people, retired or not live to their income. So the thought that people will save 75% of their monthly income for the future just doesn't happen.
but that doesn't change the math. that's people using the money to party rather than protect themselves. that's fine to do but doesn't alter whether or not the expat process provides protection, it gives them that choice. if they throw it away that's a decision that they make in spite of being granted protection from this situation.
To fix SS permanently ......... remove the cap this is not rocket science.
Yeah, I agree.
@@PeeGeeJr-mx3qi Not gonna happen. Thr Republicans work for the top 1% only.
Hope you have some unknown stash, because you will need it!
Who knows
Please don't start using scare tactics to boost views. You know that cant and will not happen
it's a question that is asked a lot. the video starts off crystal clear that it can never happen. about as far from a scare tactic as you can get while covering a regularly asked topic
Hey Scott, do you see this or are my comments still not being shown?
I plan on mostly residing abroad but also maintaining a small residency in the states that I will spend part of the year in.
So?
SCOTT You're a Liberal ...you're from New York
LOL, you don't know much about New York, you must be from the US. Only Americans know their own country so little.
He can't take anybody Socisl Security as long as the person is getting it legally if do he can't do anything about it
He controls ALL aspects of the government and is planning on putting his cronies in office everywhere.
If he says it, they will do it.
You bout to lose everything. 🤣🤣
What will happen to SS if they don't pass a bill to strengthen, there will be a 25% "hair cut" in the year of 2031 or so for EVERYONE. It's the law. Hopefully, they come up with a plan that both parties can come to an agreement on to keep our benefits without being cut. Retired in the Philippines.
They need people to pay those Social Security taxes.
just remove the withholding cap. Problem solved, but they refuse to even consider it because it would work.
That is why people need to invest to mitigate issues caused to your money by the government. I been investing in dividends. Currently my dividends pay my rent. I got a ways to go but at least I feel like I am on the right path now.
Their putting it in their own pockets.
@@josephputnam7586 Dividends are great until they are not. I lost 50% of my dividends in 2020 debacle and now just barely getting some of them back. The stock market is due for a huge pull back and dividends will be at risk again.
anyone who thinls trump is going to do anything other than give tax breaks to american/corporate oliagarchs......got that chump
expats get lumped in with them. that's why expats get benefits.
Still on that coolaide huh?
Let’s get something straight here. he has the Supreme Court backing anything he says and do. he has the Republicans house and senate. so, just remember what he said about a month ago…… “I don’t care about you, I just want your vote” 😳😳😳
LOL, I challenge you to provide a link to that. If he said that it would have been all over lame stream media 24/7.
I 2nd that ... PROVIDE a LINK to President Trump saying that ! ... reality is you are spewing BS
Fake news..
Shame on you, you know you are lying. Lame.
Full quote: "And by the way, isn't that breeze nice? Do you feel the breeze? Cause I don't want anybody going on me, we need every voter. I don't care about you, I just want your vote. I don't care. See now the press will take that, they'll say he said a horrible thing."
www.snopes.com/fact-check/trump-i-dont-care-about-you-quote/
He most certainly said it.
With a smile he said he would be a dictator for the first day and you people piss your pants.
Who exactly are "you people" here?
Hi, Scott Jamie and Lisa here. Do you know anything about what would happen to leave? Canada just as at full-time, tourist that travels a lot
Nothing happens to Canadians. Right now anyway.
No. If you're an American "Citizen".....then you're entitled to SS no matter where you are. Trump said he will protect SS and end taxes on it.....that's all.
Actually, it's something you have to actually earn and this is done by accumulating 40 quarters (three-month periods) of work in which you paid the required 6.2% tax into the program. Of course, there are exceptions--such as qualified widows, disabled people and orphaned children--but generally speaking, this is how the program works. The assumption being that if you didn't contribute, then you don't qualify for benefits. Also, non-citizens who worked legally in the US (had valid social security cards and permission to work), such legal residents who came from another country and then returned home after their productive years.
Trump is pro expat , and talks about being pro expat? I doubt he knows what that word even means. I think you have way to much faith in that guy. Trump changes his mind from moment to moment.
Agreed. There is zero chance Trump understands any of this. Perhaps one his oligarch buddies who does business abroad has mentioned this issue and now Trump knows more about the issue than anyone else alive. Face it, he's a grifter and he's never gonna change.
Ah, the old "Trump doesn't know some simple concept" line of thinking. What makes you so qualified you can make this assertion? Did you get elected to be president of the US by the electoral college and popular vote or something? I don't remember a past president with your name...
@@LeviathanSparrow Most thinking people can see that tRump is an idiot and knows nothing. He crashed our economy last time and will do the same this time. However, this time he is pushing is autocratic tendencies and it won't end well for anyone in the states. He is truly unqualified to be president, but he plans on being a dictator, so I guess qualifications don't really matter.
That's the secret, I don't need any faith. He answers to oligarchs, and oligarchs want consistent things and those things align with expats. Trump need not understand what commands he is given, but we know he always follows them.
@LeviathanSparrow well any half intelligent person can figure that out. LIke, duh. Not plausible to claim you think otherwise.
If that ever happens, they better move the US embassy to the Moon...
(Can't post why...)
I agree !!!!!
Keep our money in America.
Ah, but it ISN'T YOUR money you see. That would be criminals talking, openly trying to steal American's money. Don't you believe in property ownership or do you think governments should just go around seizing property whenever it is convenient? Why not just take YOUR house and use it for "America" if you feel that way?
@ScottAlanMillerVlog not really sure what ur trying to say. I just feel only cowards leave America. We need to keep our money here where we are born.
@BYRRDtravel and i'm saying only a coward and crook tries to curtail american freedoms because they are jealous of brave people leveraging their american rights. i'm saying you are sad and scared and jealous. it's pathetic and cowardly. what a loser. get a backbone. earn your own money.
@BYRRDtravel losers like this is why smart successful americans so often want to move abroad and act like americans. you seem to be confusing america with north korea. you think everyone's money shouldn't be their own. sounds like communism out of fear to me. you are scared of having to pay your own bills and jealous of those earning their own money. no wonder we all want to leave. try thinking like and american and not a scared little girl.
You say "our" money trying to imply that my business' profits belong to YOU. Once you are talking about having to take away my money for your welfare. Get a job and deal with your own problems.
No matter what Trump or anyone else does for that matter, the SS coffers are emptying and will be done by 2035
That's why we need more immigration. Instead of pushing the immigrants out, we need them to be fully integrated.
Nah, it is really not hard to fix.
1. But we need a flat tax
2. Business needs to pay just a little more in Social Security for their employees.
3. We need to stop providing for other countries with billions of dollars.
4. A new law that states that the Social Security coffers are off limits.
5. This bill has to pass when either the Republicans or Democrats have majorities if both the house and senate.
6. This can't be done with an Executive Order.
It won't be eliminated...there will be a 30% cut
Trump will build the Wall to stop people from leaving the UN-United States of America 😂
that's why many are trying to expat quickly now. this is a real fear.
Will Mexico pay for that wall too?