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Posted on 5/27/26 at 5:29 pm to Ramblin Wreck
they are tone deaf
Posted on 5/27/26 at 6:02 pm to AUIH1
quote:
thus I don’t see the logic in blaming Boomers
I agree this social media provoked generational hatred that is repeated daily is quite possibly one of the dumbest things I've seen in quite a while.
The true irony is that it's the kids right out of school blaming the 60+ years olds for their problems.
Posted on 5/27/26 at 6:04 pm to Crowknowsbest
quote:
At some point, some generation (or large portion of a generation) is going to pay into it for a long time and not get anything back.
Posted on 5/27/26 at 6:08 pm to AUIH1
quote:must be a 90% clip in a certain generation looking at the lock step vote to continue SS
There are scumbags, sorry POS in every generation that’s for sure.
Posted on 5/27/26 at 6:29 pm to Midtiger farm
quote:
Every single time boomers got all up in arms about it
Well this isn't true. It's the generation that's paid into it the most and currently receiving their benefits, which happens to be the Boomers today.
In 2004 GW Bush tried to privatize it and the Democrats along with the media kicked the hornets nest by convincing The Greatest Generation and the Silent Generation they would lose their money because its a Ponzi scheme.
They also managed to convince the Millennials they would lose their money because they were too dumb to make adult decisions like investing money on their own.
The idea was dead before it even started.
The sad part is the Millennials that wanted this to go away would have had an extra $250K in retirement savings today and over $1MM in additional retirement savings by the time they turned 65 assumming they paid a minimum of $2,500 a year in SS taxes.
This post was edited on 5/27/26 at 6:32 pm
Posted on 5/27/26 at 6:31 pm to armytiger96
Your lack of understanding basically anything is incredible
You should’ve gone to a better private school
You should’ve gone to a better private school
Posted on 5/27/26 at 6:31 pm to SuperSaint
At least boomers elected a guy that promised to try and end it.
Sure as hell no Democratic candidate is gonna dare touch it.
Sure as hell no Democratic candidate is gonna dare touch it.
Posted on 5/27/26 at 6:36 pm to Sun God
quote:
Your lack of understanding basically anything is incredible
Please enlighten us with your brilliance and explain where I'm wrong . . .
quote:
President George W. Bush’s (GWB) plan to privatize Social Security, famously proposed in 2005, aimed to let workers divert a portion of their payroll taxes into voluntary, private investment accounts.
The primary goals and mechanics of his proposal included:
Personal Retirement Accounts: Younger workers could redirect up to \(\text{4\%}\) of their payroll taxes—up to a maximum of \(\$1,000\) annually—into private accounts invested in stocks and bonds.
Guaranteed Benefit Offset: In exchange for participating, traditional guaranteed Social Security benefits would be reduced to offset the diverted taxes.
Transition Costs: Diverting tax revenue from current workers into private accounts meant Social Security would no longer have the funds to pay current retirees.
The government would have had to borrow roughly \(\text{\$2\ trillion}\) over a decade to cover the shortfall.
The initiative ultimately failed. Facing massive pushback from lawmakers and the public over the transition debt and the risk of subjecting guaranteed retirement funds to stock market volatility, the proposal never received a vote in Congress.
This post was edited on 5/27/26 at 6:47 pm
Posted on 5/27/26 at 6:39 pm to armytiger96
Yep, 100% correct. We'll said.
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