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Started By
Message
re: Joe really touched some nerves
Posted on 2/8/23 at 10:55 am to Planetarium
Posted on 2/8/23 at 10:55 am to Planetarium
Sociel Security is not a retirement fund or an investment. It is a tax and an entitlement. You don’t “get what you paid in”. What you payed in is long gone and spent paying out benefits to others.
Posted on 2/8/23 at 10:56 am to NC_Tigah
quote:
NC_Tigah
You're a smart motherfricker.
No homo.
Posted on 2/8/23 at 10:57 am to RogerTheShrubber
quote:
Kill off Medicaid and welfare for the younger, capable people and someone might agree with you.
Ok. But if we do it kills it off for the elderly too. Social security is a Ponzi scheme and you have to have the young paying in for the elderly to get their benefits. And we have to have constant growth of the young as well.
Or we can reform it
Posted on 2/8/23 at 10:57 am to kingbob
quote:
What you payed in is long gone and spent paying out benefits to others.
Which by definition is a ponzi scheme.
Posted on 2/8/23 at 11:03 am to Gideon Swashbuckler
I don't think anybody is saying it's not...?
Posted on 2/8/23 at 11:12 am to DavidTheGnome
Your statement
"Does the insurance companies pay you back everything you send them?"
WTF does this have to do with the government stealing my money related to me voluntarily purchasing insurance?
You tying SS to insurance (voluntarily purchased) argument is disingenuous and stupid.
So what you said is blatantly incorrect. I'm sure you'll move the goalpost again to defend your idiocy.
"Does the insurance companies pay you back everything you send them?"
WTF does this have to do with the government stealing my money related to me voluntarily purchasing insurance?
You tying SS to insurance (voluntarily purchased) argument is disingenuous and stupid.
So what you said is blatantly incorrect. I'm sure you'll move the goalpost again to defend your idiocy.
Posted on 2/8/23 at 11:21 am to flvelo12
Tell the police when they pull you over that you don't have insurance because it's voluntary baw. Let em know
Posted on 2/8/23 at 11:23 am to DavidTheGnome
quote:
Ok. But if we do it kills it off for the elderly too.
Learn to be sufficient and stop counting on the nanny gubment to survive.
I don't give a shite if all welfare is killed off, except for those who are not able.
Posted on 2/8/23 at 11:23 am to DavidTheGnome
quote:
Tell the police when they pull you over that you don't have insurance because it's voluntary baw. Let em know
HA! I knew you'd move them you arse.
Car insurance/health insurance/life insurance/SS - all the same to you.
GFY!
Posted on 2/8/23 at 11:25 am to Gideon Swashbuckler
quote:
Which by definition is a ponzi scheme.
All government taxes and spending are ponzi schemes.
Posted on 2/8/23 at 11:28 am to DavidTheGnome
quote:
Edit: Getting downvoted by all those fiscal conservatives
I worked my whole life and paid into SS, I want my money back, son.
Posted on 2/8/23 at 11:32 am to flvelo12
quote:
Tell the police when they pull you over that you don't have insurance because it's voluntary baw. Let em know
quote:
Car insurance/health insurance/life insurance/SS - all the same to you.
Yep...this idiot thinks everyone drives a car! I guess we have to make everyone who rides subways, busses, etc. to work now purchase insurance!
Posted on 2/8/23 at 11:52 am to DavidTheGnome
Die in a fire, dumbass shitbag.
Posted on 2/8/23 at 12:42 pm to DavidTheGnome
quote:
It’s a safety net not a retirement plan. Tough luck if you don’t get everything you paid in, be glad.
This one tops the list of dumbest things posted on this site.
Posted on 2/8/23 at 1:07 pm to DavidTheGnome
quote:Dec21-Dec22, SS revenue-expenditure was in balance.
It saying scheduled isn't saying what you think it's saying
In December 2022 (most recent available) SS Trust Fund Revenue was $128.6B. Outlay was $104.2B. So in December the program took in $24.4B more than it paid out.
Meanwhile, the REST OF THE BUDGET ran a $1.4 TRILLION deficit.
¿Comprende?
Posted on 2/8/23 at 2:01 pm to kingbob
quote:It's actually none of the above.
Sociel Security is not a retirement fund or an investment. It is a tax and an entitlement.
FDR needed to raise revenue. As the country/world was in Depression, wide-base tax increases were not a political option. A large revenue bond drive was not a feasible option. FDR & Co explored various ways to incentivize bond purchase (as they later did during WWII). But nothing along those lines was realistically practicable in the mid-1930's economy.
So various mandates were explored instead. The one arrived at was a 50:50 employer:employee contributional mandate. Essentially it was a corporate tax, and workers' forced participation in a bond-like government borrow-repayment program. Pay-in would occur over an employee's entire work life. Allocated pay-out would only occur beginning at retirement (65y), and terminating at death (life expectancy 58y M, 62y W). At a ~15X worker to retiree ratio, the program drew in far more revenue than it paid out.
It was perhaps the slickest political move in US history. FDR got his needed funding. Meanwhile, by labeling SS a retirement security benefit, he was hailed as a workers' hero.
Posted on 2/8/23 at 2:12 pm to DavidTheGnome
How about stop sending money to WHO, Ukraine, other third world countries, stop unlawful immigration and cut other spending and leave Social Security alone? Let's be true fiscal conservatives and right the tax and spending ship? How about that?
Posted on 2/8/23 at 2:32 pm to hottub
People aren’t forced to have health insurance, but the majority of us have it.
If SS wasn’t mandated, how many people would actually voluntarily contribute to it…at the rate the Feds require? SS was never meant to be your sole retirement plan, and yet, because 401Ks are not mandatory, many people don’t have them and eventually only have SS to live on.
If SS wasn’t mandated, many people would have absolutely nothing to live on when they got too old to work, and would become dependent on family or others. SS isn’t the best retirement plan for sure, but many depend on it to survive. People have to save in one form or the other.
If SS wasn’t mandated, how many people would actually voluntarily contribute to it…at the rate the Feds require? SS was never meant to be your sole retirement plan, and yet, because 401Ks are not mandatory, many people don’t have them and eventually only have SS to live on.
If SS wasn’t mandated, many people would have absolutely nothing to live on when they got too old to work, and would become dependent on family or others. SS isn’t the best retirement plan for sure, but many depend on it to survive. People have to save in one form or the other.
Posted on 2/8/23 at 3:01 pm to Planetarium
I'm amazed by the many slow-witted people in this thread who watch the gov't relieve them of hard-earned money for the entirety of their working careers and think it to be macho and/or conservative to proclaim proudly they neither need nor want their money returned. Buffoons.
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