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re: Social security and Boomers
Posted on 6/11/19 at 1:06 pm to Dead Man Walking
Posted on 6/11/19 at 1:06 pm to Dead Man Walking
Congrats. You’re an outlier.
0
Posted on 6/11/19 at 1:07 pm to Jake_LaMotta
quote:
Don't do it people. Open a 401k and at minimum a Roth in addition. SS isn't going to be there for you.
If the condition of our government is to the point that Social Security has collapsed, then I doubt the markets will be in very good shape either.
Posted on 6/11/19 at 1:08 pm to Dead Man Walking
quote:
So the govt has taken care of everybody else on my dime for all these years! When the frick is it my turn to get on the gravy train? The answer: Social Security
Lol at you if you think that you’re going to get out what you put into that cesspool.
Posted on 6/11/19 at 1:09 pm to FearTheFish
quote:I don't want nothing to do with Hester.
Very well-done post though.
This post was edited on 6/11/19 at 1:13 pm
Posted on 6/11/19 at 1:15 pm to FearTheFish
quote:
After this millennial kicks your butt, I'm going to take your tots
Pack a lunch young buck and don't invite your friends bc they'll have evidence that this old motherfricker kicked a mud hole in your arse
Posted on 6/11/19 at 1:18 pm to TigerFanInSouthland
quote:Don't really care if I get whats coming to me, just a little something makes me feel better. I'm not out to game the system like all the entitlement queens.
Lol at you if you think that you’re going to get out what you put into that cesspool.
Posted on 6/11/19 at 1:20 pm to Wtodd
Show that young jump roaper what old man strength is 
Posted on 6/11/19 at 1:22 pm to GetCocky11
quote:
If the condition of our government is to the point that Social Security has collapsed, then I doubt the markets will be in very good shape either.
Still time to grow your money until that happens. Anyone who is planning on relying on SS is a fool.
Posted on 6/11/19 at 1:24 pm to Dead Man Walking
quote:
Show that young jump roaper what old man strength is
Work smarter, not harder comes to mind
Posted on 6/11/19 at 1:25 pm to GetCocky11
quote:
Many Americans believe Social Security won’t exist when they retire — they’re wrong. Social Security does face serious challenges, and the payout may decline — but the program itself is not going anywhere.
The two trust funds that pay Social Security’s benefits — the Old-Age and Survivors Insurance (OASI) and the Disability Insurance (DI) trust funds — are running out of money, and the Social Security Administration’s trustees do anticipate those accounts will run out of money in 2035.
But if that happens, Social Security benefits won’t disappear. If Congress does nothing to fix the program, Social Security will rely on the taxes coming in and Americans will just get less of a benefit.
Social Security won't end you will just get 80 cents on the dollar, then 60 cents.....
So why don't they fix social security-
One reason lawmakers are hesitant to fix SS- millennials
quote:
One such proposal is the Social Security 2100 Act, introduced by Representative John Larson (D-Conn.), the chairman of the House Ways and Means Subcommittee on Social Security, as well as Sen. Richard Blumenthal (D-Conn.) and Sen. Chris van Hollen (D-Maryland). The bill, if passed, would increase revenue by raising the payroll tax 0.1 percentage points every year until it reaches 14.8% in 2043
quote:
But some testimonies suggested Social Security couldn’t be fixed with a proposal like the 2100 Act, for the sake of millennials who are strapped for cash thanks to crippling student debt and wouldn’t be able to afford to pay the extra money in payroll taxes toward Social Security.
Representative Tom Reed, the Republican leader of the Ways and Means Social Security subcommittee from New York, said an increased payroll tax would “unfairly hurt” young people. “It hurts the students struggling to pay for their rent and their next meal,” he said. “We want to empower the next generation with tools to save for their retirement in a way that works best for them.”
Posted on 6/11/19 at 1:27 pm to East Coast Band
You do not understand how it works:
Government workers do not pay into social security and are not eligible for the benefits unless they have worked other jobs and paid in. The state retirement is received in lieu of SS benefits.
Government workers do not pay into social security and are not eligible for the benefits unless they have worked other jobs and paid in. The state retirement is received in lieu of SS benefits.
Posted on 6/11/19 at 1:42 pm to Wtodd
quote:
wouldn't last 10 minutes before the millennials started crying for their safe spaces
Half of millenials were born in the 80s. We have the angst and sensibilities of gen x and the tech savviness/desensitization to violence of millenials.
We also remember when we were gen Y.
In a battle royale, it is highly unlikely there is any generation as cold, calculating, and violent.
We are your reckoning.
Posted on 6/11/19 at 1:59 pm to Dead Man Walking
quote:
I'm not out to game the system like all the entitlement queens.
Just imagine how much better this country would be if there weren’t any handouts to begin with.
That’s the problem I have with any socialized anything. It kills incentive. It takes from those that do and gives to those that do not.
Ever hear about what a lot of people started doing when those government checks started coming in during the depression simply for them being alive? A lot of those lazy sons of bitches just ceased looking for work.
Every American that has any pride in themselves should be against Social Security, etc. on principle alone.
If the camel once gets his nose in the tent, his body will soon follow.
This post was edited on 6/11/19 at 4:00 pm
Posted on 6/11/19 at 2:07 pm to TigerFanInSouthland
quote:Not entirely. I paid a shitload of money into SS, so I dont look at it as just another entitlement. Do I need it to survive, no. But I want at least some of it since I max paid into it every year.
Every American that has any pride in themselves should be against Social Security, etc. on principle alone.
Posted on 6/11/19 at 2:27 pm to X123F45
I don’t think this post is getting the credit it deserves. Kids born in the 80’s were born in the middle of both the technological boom but still remember not having technology and I think are strongly overlooked. They are the first generation to be exposed to the video games and tv. They are a very quiet group but will be impactful.
Posted on 6/11/19 at 4:02 pm to Dead Man Walking
quote:
I paid a shitload of money into SS, so I dont look at it as just another entitlement. Do I need it to survive, no. But I want at least some of it since I max paid into it every year.
Ok, well let me ask you this, if you weren’t forced to pay into our form of socialism, would you? How much more money do you think you’d have through savings, investments, etc. if you didn’t have to max pay into it every year?
Posted on 6/11/19 at 4:21 pm to TigerFanInSouthland
quote:
frick Social Security and frick FDR for implementing it.
Wilson
FDR
Johnson
The three shittiest presidents of all time.
Posted on 6/11/19 at 4:31 pm to Verbal Kent
quote:
Government workers do not pay into social security and are not eligible for the benefits unless they have worked other jobs and paid in. The state retirement is received in lieu of SS benefits.
Only those employed prior to 1984.
But, they essentially had their own similar plan just for themselves.
And about this state retirement pension, it's not taxed as ordinary income in most states, while private worker's pensions are.
Posted on 6/11/19 at 4:33 pm to TxWadingFool
quote:
Welp, if it wasn't for said group we might all be speaking German right now.
That's two days in a row I've seen this line trotted out. Give me a break.
Posted on 6/11/19 at 5:11 pm to Wtodd
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