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Message
re: Do you believe in Social Security choice?
Posted on 7/7/14 at 3:28 pm to jclem11
Posted on 7/7/14 at 3:28 pm to jclem11
quote:
I believe I can do a better job saving/investing for my retirement than the government can.
If it's set up to where you can't touch it until XX age, then I agree with your choice.
0
Posted on 7/7/14 at 3:28 pm to Hog on the Hill
quote:
Reasons why it might be a bad idea:
Most people are not savvy investors, and some people would become victims of investment fraud.
The government would need some way to ensure that people who opt out of SS have actually invested the money for retirement. Otherwise, if the citizens spend the money, they're going to be a burden on everyone else when it's time for them to retire.
How could the government be sure the system isn't abused?
fricking liberals
Posted on 7/7/14 at 3:29 pm to Hog on the Hill
quote:
I agree that adding a savings/investment program to SS would be a good idea.
yes by all means, let's feed the Ponzi scheme more.
Posted on 7/7/14 at 3:29 pm to moneyg
quote:sounds like fun ;)
fricking liberals
Posted on 7/7/14 at 3:30 pm to jamboybarry
quote:I didn't say so and I should have, but I support having personal control over the investments.
yes by all means, let's feed the Ponzi scheme more.
Posted on 7/7/14 at 3:31 pm to goldennugget
Hell yes
I don't see why this isn't a choice
I mean I know why it isn't, but it's stupid
I don't see why this isn't a choice
I mean I know why it isn't, but it's stupid
This post was edited on 7/7/14 at 3:32 pm
Posted on 7/7/14 at 3:37 pm to goldennugget
Yes. Absolutely, positively for.
And the fact that Progressives use it as a tool to bludgeon elderly voters into compliance only reinforces my position.
And the fact that Progressives use it as a tool to bludgeon elderly voters into compliance only reinforces my position.
Posted on 7/7/14 at 3:38 pm to SpidermanTUba
quote:
You're proposing that we replace an insurance program with a savings program.
Insurance
Social Security is barely enough to live on
Right now its about $1100 a month for a retired person. That's not much to live on. So you are screwed if you didn't save anything before hand.
Posted on 7/7/14 at 3:39 pm to Rickety Cricket
quote:
I would forego all of the money I've already paid in if it meant I didn't have to pay another cent into SS.
This.
Turn 51 tomorrow (33 years in the labor force) and would do this in a heartbeat if given the chance.
Posted on 7/7/14 at 3:40 pm to goldennugget
quote:
Do you believe in Social Security choice? (Posted on 7/7/14 at 3:06 pm) 0 0 Meaning being able to opt out of mandated social security and invest your own money into your own personal retirement account that politicians can't dip into.
No. You already have an option to invest your own money into a personal retirement account.
Social Security works because it's mandatory.
Posted on 7/7/14 at 3:41 pm to Rex
quote:
Social Security works
Posted on 7/7/14 at 3:42 pm to goldennugget
When I was in my mid 20s I thought about this a lot and believed opting out would an excellent idea.
Now in my late 40s, I see the wisdom in having younger generations supplementing my retirement one day. Soon you will understand.
Now in my late 40s, I see the wisdom in having younger generations supplementing my retirement one day. Soon you will understand.
Posted on 7/7/14 at 3:43 pm to dat yat
quote:
Now in my late 40s, I see the wisdom in having younger generations supplementing my retirement one day. Soon you will understand.
Congrats on the leech
Posted on 7/7/14 at 3:44 pm to Rex
quote:
mandatory
So much truth in this.
We are incapable of managing our own lives.
Posted on 7/7/14 at 3:50 pm to SpidermanTUba
Dude the feds are stealing my money to pay for current retirees. There is no trust fund or saving by the government. SS is a legal Ponzi scheme and nothing more.
Posted on 7/7/14 at 3:55 pm to Rex
quote:
No. You already have an option to invest your own money into a personal retirement account.
I could invest a lot more of my OWN money if the government didn't take it from me.
Posted on 7/7/14 at 4:00 pm to SpidermanTUba
quote:
You're proposing that we replace an insurance program with a savings program.
That would kinda defeat the point of having an insurance program.
For someone with such a self reported high IQ you don't have a damn clue what the term insurance means.
Obamacare and SS are not forms of insurance. Insurance may or may not get paid out for a specified risk. Obamacare and SS get paid out no matter what and the premiums are not calculated based on said risk.
Posted on 7/7/14 at 4:00 pm to lsu13lsu
Obamacare and SS are welfare not insurance.
Posted on 7/7/14 at 4:02 pm to SpidermanTUba
quote:
Now - if you want to ADD individual retirement accounts to the program I'll all for it.
Two words:
frick NO
This post was edited on 7/7/14 at 4:07 pm
Posted on 7/7/14 at 4:02 pm to lsu13lsu
quote:
For someone with such a self reported high IQ you don't have a damn clue what the term insurance means.
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