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Started By
Message
re: The US Government spends $5 on Boomers for every $1 it spends on children/youth
Posted on 8/23/25 at 4:26 pm to TBoy
Posted on 8/23/25 at 4:26 pm to TBoy
quote:
quote:
actually the average social security recipient gets $3 back for every $1 they put in.
That’s a pretty crappy investment return. My 401k already has more than triple what I contributed.
This is the problem with social security...it is not and has never been an investment. From inception it was meant to provide a modest income for those who were not in a position to earn a modest income...orphans, the disabled and the elderly. If one is fortunate they will never join any of that group but for the unfortunate there is a safety net which will provide a modest income. There is not and never has been any rule against saving for retirement. The fact that sooooooo many people still only have or mostly only have social security to retire on 83 years after social security started is more than enough evidence to suggest people are not responsible enough to save for retirement. 40.2 of retirement age people in the US have social security ONLY in retirement. Nothing prevented any of that group from saving for retirement....they made other choices. That choice may have been food and shelter, lord knows wages ain't high enough in the US, but it was a choice. That does not include the people who receive social security benefits before retirement age through no fault of their own...orphans, or the disabled in many instances....and those people would either have to cease to exist or be a burden on society one way or the other. How sooooo many people overlook that disturbing fact is a mystery....
0
Posted on 8/23/25 at 4:28 pm to ChEgrad
Not to mention having home mortgages near 20% and competing for jobs in a full workforce in their youth. Later generations have had it much easier.
Posted on 8/23/25 at 4:30 pm to GumboPot
quote:
The federal government has never spent on cent on me my entire life and they won't start util I start collecting social security.
You have never enjoyed freedom provided by the US Military? Never used a road or an airport or bought something that was shipped to a port? Did not attend a public school? Never took a shite and flushed a toilet that was connected to a public water and sewer system? Never been protected by a police or fire department? That is a damned hard thing to accomplish in the United States.....
I will add this...you are using a system to make that post that was bought and paid for collectively by the taxpayers of the United States....so the federal government has indeed spent a 'on cent"on you in your life......
Posted on 8/23/25 at 4:37 pm to GumboPot
quote:
The question is why the f' is the federal government spending so much money on children? They should be supported by their parents. The numbers should be 100:1. Not 5:1.
There is somewhere in the neighborhood of 4 million human beings in the United States less than 18 years old who have lost one or both parents who paid into social security while alive. Before Ronald Reagan put a stop to it those kids would have been entitled to those benefits, if they were in college, until the age of 25.
There are also about 9 million disabled people on social security. This is not the number who are on SSI....these are people who are disabled and paid into the system OR a parent or spouse paid into the system...SSI is another system. Both are full of people who are not disabled....and that is a fricking major problem....but even if half that number are scamming the system it is still a LOT of people who are going to be a burden on society one way or the other, mostly through no fault of their own.
Posted on 8/23/25 at 4:49 pm to Boudreauboudreaugoly
quote:
Yep, just the largest and most productive workforce this country has ever seen.
This is not true. May be the largest, far from the most productive. Technology has increased the productivity of workers dramatically over the last 80 years. Boomers worked harder, no doubt, but they did not produce as much. Digging a ditch with a pick and shovel is damned hard compared to doing it with a backhoe. A good cotton picker in the 1950s could pick 300 pounds of cotton a day. A 1950 era cotton harvesting machine would pick 4000 pounds a day....with one person. It would have taken 13+ people to match that. The one driving the tractor had a hard job...it wasn't nearly as hard as picking 300 pounds by hand....
Posted on 8/23/25 at 4:53 pm to tiggerthetooth
Boomers vote… children don’t.
Posted on 8/23/25 at 4:58 pm to tiggerthetooth
These children don't have parents taking care of them?
Why do they need government dollars?
Why do they need government dollars?
Posted on 8/23/25 at 5:00 pm to Mingo Was His NameO
quote:
Would you rather we euthanize them
Many of them, absolutely
quote:evil motherfricker
Mingo Was His NameO
Posted on 8/23/25 at 5:00 pm to Monahans
quote:
What’s the ratio for taxes paid to realized benefits?
There is no way to quantify the benefits one receives from income and other taxes but there is a way to quantify the return on payroll taxes to the individual. Most people will see 100% return of the money they paid into social security within about 6 years of receiving their first benefit. This does not include the benefits they received while working in the form of payments to their aging parents and others who would have possibly been a burden to them personally.
If you averaged $50k a year over a 40 year period and multiply that by 12.4% the number is $248K. Your benefit currently would be about $3k a month. In 6.9 years you would have received $248,400. So if you averaged $50k a year from 1985 through 2025 and retired next year you would recoup every penny by 2032 and would be 72 with a life expectancy of about 8 more years.
Posted on 8/23/25 at 5:05 pm to N2cars
quote:$300,000 of cash/equity split between 4 siblings is an “inheritance”. Not changing anyone’s life though
Nearly one-third (31%) of U.S. adults anticipate leaving an inheritance or a financial gift / donation to a charitable organization
Posted on 8/23/25 at 6:38 pm to AwgustaDawg
quote:
You have never enjoyed freedom provided by the US Military? Never used a road or an airport or bought something that was shipped to a port? Did not attend a public school? Never took a shite and flushed a toilet that was connected to a public water and sewer system? Never been protected by a police or fire department? That is a damned hard thing to accomplish in the United States.....
I will add this...you are using a system to make that post that was bought and paid for collectively by the taxpayers of the United States....so the federal government has indeed spent a 'on cent"on you in your life......
OK boomer
Posted on 8/23/25 at 6:53 pm to tiggerthetooth
Are boomers really secret Aztecs or something maybe?!?…
Posted on 8/23/25 at 6:54 pm to Scruffy
I appreciate the source you cited validating the two points I've said all along:
Boomers are leaving more wealth than any generation previously, and
Boomers are donating more to charity than any generation previously.
Boomers are leaving more wealth than any generation previously, and
Boomers are donating more to charity than any generation previously.
Posted on 8/23/25 at 6:58 pm to GreatLakesTiger24
Just like $3K a month isn't going to dick for me, but some of us took big risks, and got big rewards.
We worked hard, and earned it.
And no, Im not talking about that pissant SSI.
We worked hard, and earned it.
And no, Im not talking about that pissant SSI.
Posted on 8/23/25 at 7:35 pm to CitizenK
quote:
Later generations have had it much easier.
Not easy enough, obviously.
They're the ones that want more and more...
The sucessful ones will thrive; the losers will blame everyone else for their shortcomings.
That transcends age, race, sex...
Almost 49% of Americans voted for Harris, that is very evident even on TD.
Posted on 8/23/25 at 7:53 pm to N2cars
The losers are life make themselves easy to spot
Posted on 8/23/25 at 8:19 pm to CitizenK
Especially in ths thread. 
I left a 100K a year job in 1997 with a year-old baby and a wife that believed in me..., did it with her help and God's grace.
These candyasses are whining b/c some boomer might get a lousy $3K.
I can't imagine being that soft.
I left a 100K a year job in 1997 with a year-old baby and a wife that believed in me..., did it with her help and God's grace.
These candyasses are whining b/c some boomer might get a lousy $3K.
I can't imagine being that soft.
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