the question was...is it your money now or the bank's money now? If I die my wife isn't going to get my SS.
She has her own. Unlike SS the bank account will be all hers.
you didn't answer the question. I think I did.
the point is, it's STILL YOUR MONEY. They didn't steal it. Oh I disagree. They most certainly can steal it.
People say this for three reasons. First, they want to make a sweeping statement about government, or the older generations' handling of the country. Second, they want to show worldy cynicism,. Third, they know that when they start getting SS checks no one will be around to call them on it.
I'd worry about it if they start trying to "privatize" his money and invest it in the stock market...like say...Enron or something. Or earmarking it for the next series of wars they have planned.
The Blue Chips might do better for you; but talk to Depression Era folks about the the stock market. They'll laugh you out of the room. There will be another Black Tuesday. Bet on it.
Markets come and go. People are No Damn Good.
In the end, if you have faith in America, government may be the last thing you have left.
I actually consider that monthly service fee that they have, as a kind of stealing....... That and, the fact that when you use another bank types ATM, you gotta pay nearly 10 bucks extra, in fees, on both banks behalves, like your breaking some kind of imaginary laws.
Lets see. My dad took an early buyout and lived off his stock dividends for 4 1/2 years. Never touched the original buyout. In fact, he still has it and earns about $1600.00 a month from it. He's laughing every month.
You do not have a choice about paying in to Social Security. You have no control over how those funds are used or invested. If you die before you begin to collect it, your spouse gets a whopping $255 to bury you. You cannot leave it to your heirs. If you and your spouse both worked full-time all your lives, you cannot collect the Social Security benefits you each earned; you can only collect the larger of the two.
Oh, and those old folks in the home? They collect far more than they ever paid in, and it comes directly from the paychecks of current workers. For some people, the amount they pay in to Social Security exceeds their income taxes.
"The study found that in 1997, nearly half of all elderly people — 47.6 percent — had incomes below the poverty line before receipt of Social Security benefits. After receiving Social Security benefits, only 11.9 percent remained poor."
Go to a nursing home and say that. Tell them they're idiots and dupes. Because that's what you think they are.
I don't think they're idiots. We're the idiots.
Tell them they're Ken Lay, making money off the backs of future generations. Stealing from your home. They're a burden on you.
I wouldn't put it in those terms, but that's pretty much what's going on. Either SS will eventually fail because of insolvency, or our childrens and grandchildrens taxes will increase to an appalling rate.
your 401K wouldn't be shit without the contributions of others.
How do you figure that? I get nothing from the contributions of others, only what I pay in.
And you're simplistic.
It is simple.
Maybe you can enlighten me on how a retirement program is like Amway.
The monies being paid out today to retirees are not from contributions those retirees made when they were working, but from what you and I are paying in today.
They way I figure it, the burden of proof is on you. I say Social Security has been one of the most successful programs in history. It has dropped poverty rates year on year. It's become woven into the culture. It's probably based on a simple concept, but become more by widespread acclamation.
Is there an alternative? I've seen none forthcoming in my lifetime.
If you plan to collect Social Security benefits after 2037, the problem is serious. Fortunately, it is not nearly as big as those pushing privatization make it sound. The projected shortfall for the next 75 years is only 1.89 percent of projected payroll. At worst, the shortfall could be alleviated by a two percent tax. We do not recommend this solution (there are much better ways to make up the deficit). We only offer it to show that saving Social Security will not bankrupt future generations as many articles have claimed.
I don't have the time to read it now, but I did browse it quickly, and that's some pretty out-dated info they're basing their assumptions on. They link to 1999 & 2000 info.
I think the most recent I heard was that SS would be bankrupt in 2020.
The truth is, to fix this mess, retirement age to get SS for my generation will be 75. Make me pay in an extra 10 years more than my parents.
Ok, I was exaggerating a bit with 75, but it's already up to age 67 for me and my age group, and I've got 30 more years to retirement. They're already talking of raising it to 72.
the question was...is it your money now or the bank's money now?
you didn't answer the question.
the point is, it's STILL YOUR MONEY. They didn't steal it.
the question was...is it your money now or the bank's money now? If I die my wife isn't going to get my SS.
She has her own. Unlike SS the bank account will be all hers.
you didn't answer the question. I think I did.
the point is, it's STILL YOUR MONEY. They didn't steal it. Oh I disagree. They most certainly can steal it.
Steal:
1
:to take the property of another wrongfully and especially as an habitual or regular practice
they didn't take it...it's still yours.
or aren't you Americans?
Do you think the government stealing your money, JT?
If so, how could you live in such an awful place?
he's not an American...he doesn't claim any ownership of his own country.
they didn't take it...it's still yours.
So I can just go down to my local SS office and make a withdrawl?
Do you think the government stealing your money, JT?
I'll let you know when I retire. I highly doubt I'll see anything.
If so, how could you live in such an awful place?
I never said it was an awful place.
he's not an American...he doesn't claim any ownership of his own country.
What the hell are you talking about?
when it's Chrismas, you can spend your Christmas fund at the bank.
when you retire, you won't have to go withdrawl anything, they will start sending you checks.
He doesn't think he's a part of the government. If the government is stealing from him, it can't be him stealing from himself, can it?
:I highly doubt I'll see anything."
People say this for three reasons. First, they want to make a sweeping statement about government, or the older generations' handling of the country. Second, they want to show worldy cynicism,. Third, they know that when they start getting SS checks no one will be around to call them on it.
You'll get SS, JT. Don't worry about it.
I'd worry about it if they start trying to "privatize" his money and invest it in the stock market...like say...Enron or something. Or earmarking it for the next series of wars they have planned.
You'll get SS, JT. Don't worry about it.
I hope your right. Not many agree with you. The numbers don't support your theory. UNLESS we start taxing the hell out of everyone.
Even if you are right and I get my SS at retirment.
It's a horseshit "investment".
I'd do much better investing that money on my own.
when you retire, you won't have to go withdrawl anything, they will start sending you checks. Not if you are already dead.
You'll get SS, JT. Don't worry about it.
You don't know that, Rick. The government projections indicate otherwise. Of course, the government can make you happy and raise taxes.
so, they are taking the money from you in the hope your children will steal it from you?
"It's a horseshit "investment"."
The Blue Chips might do better for you; but talk to Depression Era folks about the the stock market. They'll laugh you out of the room. There will be another Black Tuesday. Bet on it.
Markets come and go. People are No Damn Good.
In the end, if you have faith in America, government may be the last thing you have left.
I actually consider that monthly service fee that they have, as a kind of stealing....... That and, the fact that when you use another bank types ATM, you gotta pay nearly 10 bucks extra, in fees, on both banks behalves, like your breaking some kind of imaginary laws.
Social Security, like taxes, is not voluntary. That makes it stealing.
Ridiculous hyperbole.
It may be an exaggeration, but not much of one in many peoples minds.
The truth is, whether you want to admit or not, is that SS is a scam, dependent on an ever increasing tax base.
Goi to a nursing home and tell people they've been scammed. An elderly housing complex.
Tell them that there's a wonderful idea called the Stock Market.You can depend on it. People who lived through the Depression.
They'll laugh you out of the room.
Tell my kids their taxes are gonna be double mine.
They won't be laughing.
Admit it Rick, it's a pyramid scheme.
You can at least admit that, can't you?
Lets see. My dad took an early buyout and lived off his stock dividends for 4 1/2 years. Never touched the original buyout. In fact, he still has it and earns about $1600.00 a month from it. He's laughing every month.
Oh yeah, that was almost 19 years ago.
In the end, if you have faith in America, government may be the last thing you have left.
And eventaully the American government will come to an end just as everything else does.
You do not have a choice about paying in to Social Security. You have no control over how those funds are used or invested. If you die before you begin to collect it, your spouse gets a whopping $255 to bury you. You cannot leave it to your heirs. If you and your spouse both worked full-time all your lives, you cannot collect the Social Security benefits you each earned; you can only collect the larger of the two.
Oh, and those old folks in the home? They collect far more than they ever paid in, and it comes directly from the paychecks of current workers. For some people, the amount they pay in to Social Security exceeds their income taxes.
It's a pyramid scheme and a royal rip-off.
I noticed that Rick has been on other threads today, but not this one. Hmmmmm.
rick runs and hides when he knows the correct answer to a question undermines his political position.
Or any position.
Joe Drugs
Without Social Security, nearly half the elderly in the late '90s would be living the last years of their lives in poverty
"The study found that in 1997, nearly half of all elderly people — 47.6 percent — had incomes below the poverty line before receipt of Social Security benefits. After receiving Social Security benefits, only 11.9 percent remained poor."
Rick, will you admit SS is a pyramid scheme of sorts?
SS makes Enron look like a crooked lemonade stand.
"SS makes Enron look like a crooked lemonade stand. "
Go to a nursing home and say that. Tell them they're idiots and dupes. Because that's what you think they are.
Tell them they're Ken Lay, making money off the backs of future generations. Stealing from your home. They're a burden on you.
Your camparison is appaling!
Go to a nursing home and say that. Tell them they're idiots and dupes. Because that's what you think they are.
I don't think they're idiots. We're the idiots.
Tell them they're Ken Lay, making money off the backs of future generations. Stealing from your home. They're a burden on you.
I wouldn't put it in those terms, but that's pretty much what's going on. Either SS will eventually fail because of insolvency, or our childrens and grandchildrens taxes will increase to an appalling rate.
Your camparison is appaling!
My comparison is an honest one.
Come on, Rick. Will you admit it's a pyramid scheme?
I don't know what you're talking about.
THX...is your 401K a pyramid scheme?
I don't know what you're talking about.
Then you're ignorant.
THX...is your 401K a pyramid scheme?
How is that relevent?
My 401K is dependent on my contributions, not on someone elses contributions while I'm in retirement.
your 401K wouldn't be shit without the contributions of others.
"Then you're ignorant."
And you're simplistic. Maybe you can enlighten me on how a retirement program is like Amway.
your 401K wouldn't be shit without the contributions of others.
How do you figure that? I get nothing from the contributions of others, only what I pay in.
And you're simplistic.
It is simple.
Maybe you can enlighten me on how a retirement program is like Amway.
The monies being paid out today to retirees are not from contributions those retirees made when they were working, but from what you and I are paying in today.
See, I told you it was simple.
"See, I told you it was simple."
If that's all the consideration you choose to give to it, I suppose it is.
It's the truth
. You've offered nothing to prove otherwise.
He can't, JT. If he tries he'll have to admit it.  He just can't do that becuase the make believe world he has built in his mind will fall apart.
They way I figure it, the burden of proof is on you. I say Social Security has been one of the most successful programs in history. It has dropped poverty rates year on year. It's become woven into the culture. It's probably based on a simple concept, but become more by widespread acclamation.
Is there an alternative? I've seen none forthcoming in my lifetime.
SS is going broke. It has stayed afloat this long because it is a pyramid scheme.
the burden of proof is on you.
Read the papers.
The SS Crisis
If you plan to collect Social Security benefits after 2037, the problem is serious. Fortunately, it is not nearly as big as those pushing privatization make it sound. The projected shortfall for the next 75 years is only 1.89 percent of projected payroll. At worst, the shortfall could be alleviated by a two percent tax. We do not recommend this solution (there are much better ways to make up the deficit). We only offer it to show that saving Social Security will not bankrupt future generations as many articles have claimed.
Other myths
I don't have the time to read it now, but I did browse it quickly, and that's some pretty out-dated info they're basing their assumptions on. They link to 1999 & 2000 info.
I think the most recent I heard was that SS would be bankrupt in 2020.
The truth is, to fix this mess, retirement age to get SS for my generation will be 75. Make me pay in an extra 10 years more than my parents.
Why do you think that is, Rick?
Because the system is working?
My kids will have to work until their 95.
"The truth is, retirement age to get SS for my generation will be 75."
Sez who? Is that mandated?
Sez who? Is that mandated?
Ok, I was exaggerating a bit with 75, but it's already up to age 67 for me and my age group, and I've got 30 more years to retirement. They're already talking of raising it to 72.