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Started By
Message
1
Posted on 5/15/24 at 9:24 pm to BCreed1
quote:
No, it's how you say "that's a lot of horse shite".
Nope, it's one way to say, "I'm so stupid I shouldn't be allowed to roam free."
But you have several other ways to say it, I see.
Posted on 5/15/24 at 9:26 pm to BCreed1
quote:
Exactly.
So again, idiots, answer this for me: So how did the first person start collecting SS in 1937? How long did they pay in to be able to collect back their own money?
Posted on 5/15/24 at 9:32 pm to wackatimesthree
quote:
No he's not.
Yes he is. So are you.
quote:
Good grief some of you are so stupid it scares me for this country.
Yes it is totally stupid to say "I paid in and simply want it back". Totally stupid.
quote:
Sure they paid in. And that money went to pay someone eles's benefits.
Now you are trying to play the "It's not your money because your money went to pay somebody else"...
Don't give a shite how you change it up in a shell game. The fact is, People paid in "X" amount and will get "X" back based off what they paid in.... not what you paid in.
quote:
Just like SNAP or any other type of welfare.
Who is talking snap or welfare? Just you.
quote:
So how did the first person start collecting SS in 1937?
From taxes collected by the federal Gov. The original amount was 50 million placed in the fund.
quote:
How long did they pay in to be able to cllect back their own money?
LOL! So you want to use the first people as an example to say people retiring in 2024 should not get back what they paid in?
Posted on 5/15/24 at 9:34 pm to BCreed1
quote:
No it's not an entitlement. You are working under the impression that people have not paid in.
They have, it's their money. And that ends it.
I have already proven that people living longer is a BS argument. I posted per 100K the deaths of people that have paid in for 25 years plus and never collected a dime of that because the died before retirement.
You literally have no argument.
I quit trying to explain to these people who believe SS and Medicare are failing because the benefit payout is too exorbitant.
Millions of married couples have worked +45 years, with total earnings of $3-4 million, 15.3% of that total earnings was placed into a SS and Medicare "trust fund." That's $500-600k.
If a couple could have taken that money, invested it and made a 5-6% return annually, which is a very conservative growth rate when compared to the historical return of the stock market of nearly 9-10%. You're talking about many millions of Boomer couples having well over $1.5 million to use for their own private insurance and retirement needs.
Posted on 5/15/24 at 9:35 pm to wackatimesthree
quote:
OMG.
The term "entitlement" has multiple meanings.
Don't give a damn how many definitions there are. In the context of what even you have suggested in this thread, you have likened it to welfare.
Posted on 5/15/24 at 9:36 pm to wackatimesthree
quote:
Nope, it's one way to say, "I'm so stupid I shouldn't be allowed to roam free."
Maybe you shouldn't be.
Posted on 5/15/24 at 9:37 pm to wackatimesthree
quote:
So how did the first person start collecting SS in 1937?
Already have. From taxes collected by the federal gov to the tune of 50 million.
Posted on 5/15/24 at 9:41 pm to Bass Tiger
quote:
I quit trying to explain to these people who believe SS and Medicare are failing because the benefit payout is too exorbitant.
It's amazing how many people can not separate welfare and SS and try to equate the 2.
And you notice, they totally ignored the death ratio of people who have paid in 25 plus years and the died before retirement.
Posted on 5/15/24 at 9:42 pm to Revelator
quote:
How is it a populist position to want the money government has taken from your check for 45 years?
You're a populist because you don't want to screw over the average worker for "principles." They claim to be small government, true conservatives, but they support taking away earned benefits that were originally taken in taxes. These people are literally supporting the government stealing your money in taxes with no return and then trying to claim you support big government.
Posted on 5/15/24 at 9:42 pm to Revelator
quote:
How is it a populist position to want the money government has taken from your check for 45 years?
You're a populist because you don't want to screw over the average worker for "principles." They claim to be small government, true conservatives, but they support taking away earned benefits that were originally taken in taxes. These people are literally supporting the government stealing your money in taxes with no return and then trying to claim you support big government.
Posted on 5/15/24 at 9:48 pm to Bass Tiger
And holy crap I just realized the “maximum taxable income” for SS has more than DOUBLED since I started my professional career in 2001. That’s insane. Just over $80k to nearly $170k.
I just don’t even look anymore. I pay myself a salary and bend over.
I just don’t even look anymore. I pay myself a salary and bend over.
Posted on 5/15/24 at 10:24 pm to HailHailtoMichigan!
You’re a buffoon.
No tax increase needed.
Stop sending OUR tax dollars to 3rd world shiteholes, undemocratic Ukraine and godless Israel and encouraging cultural destruction by ILLEGAL immigration.
That’s a good start and stop raiding SS.
No tax increase needed.
Stop sending OUR tax dollars to 3rd world shiteholes, undemocratic Ukraine and godless Israel and encouraging cultural destruction by ILLEGAL immigration.
That’s a good start and stop raiding SS.
Posted on 5/15/24 at 10:28 pm to Taxing Authority
quote:Right. So the fact the US is paying a pittance of interest on bonds would insinuate (falsely) high confidence in US assurances. That actually touches on another federal advantage associated w/ SS ... the ability to bid against counterparties, keeping debt service minimized.
Every home morrgage borrower does that.
Posted on 5/15/24 at 10:31 pm to Loserman
quote:Congress borrowed every 1¢ ever contributed to SS ... by design, from its inception.
Congress borrowed 2.9 trillion from SS
This post was edited on 5/15/24 at 10:53 pm
Posted on 5/15/24 at 10:45 pm to Loserman
quote:You really have no clue as to WTF you're talking about.
Guess when they have to have it paid back by?
Allow me to help.
The SSTF has about two yrs of SS funding credited, or owed to it by the government. At present (due in part to massive COLAs), SS spends ~20% more than it takes in every year. Meaning it will run through the SSTF in about 10 yrs. At that point, SS will be in the red for the first time in its nearly 100yr history. Unless there are changes to SS, those ~20% deficits will run steadily into perpetuity.
Meanwhile, our general budget runs about a 30% deficit.
Posted on 5/15/24 at 10:50 pm to wackatimesthree
quote:She didn't. The first person start collecting SS in 1940. Her receipts were prorated IAW her contributions.
So how did the first person start collecting SS in 1937?
Posted on 5/15/24 at 10:55 pm to beerJeep
quote:
It is an entitlement because your average recipient takes out far more than they put in.
Including TVOM I don't think so.
Posted on 5/15/24 at 11:53 pm to NC_Tigah
quote:
quote:
So how did the first person start collecting SS in 1937?
She didn't. The first person start collecting SS in 1940. Her receipts were prorated IAW her contributions
And it was funded by tax payer dollars that equaled 50 million.
Posted on 5/16/24 at 12:10 am to wackatimesthree
quote:
How to say, "I'm really stupid" without actually saying those words.
Again, you’re spot on.
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