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Started By
Message
re: In just a few years, the average retiree will be receiving 37% more in SS than he paid in
Posted on 2/25/24 at 9:55 am to HailHailtoMichigan!
Posted on 2/25/24 at 9:55 am to HailHailtoMichigan!
SS is a very poor return on investment.
0
Posted on 2/25/24 at 9:56 am to HailHailtoMichigan!
The government will do whatever is necessary, whether indexing or adjusting benefits or raising taxes.
Posted on 2/25/24 at 9:56 am to SlowFlowPro
Generation Alpha will take care of you, along with the millions of military age coming across the border.
Don't sweat it. We're all family. Amurica!
Don't sweat it. We're all family. Amurica!
Posted on 2/25/24 at 10:04 am to VOR
quote:
The government will do whatever is necessary, whether indexing or adjusting benefits or raising taxes.
The three things that are necessary are political suicide.
Raise taxes substantially - ain’t gonna happen
Raise the retirement age to 75+ - ain’t gonna happen
Massive cuts to social security, Medicare, and Medicaid - ain’t gonna happen
Posted on 2/25/24 at 10:04 am to SlowFlowPro
quote:
The average retiree would have spent, not saved, all of that money. So they are getting a huge benefit.
Hence why this is a welfare program.
Holy shite. People need to let this one sink in.
Posted on 2/25/24 at 10:06 am to moneyg
quote:
Holy shite. People need to let this one sink in.
Your average person can't afford a $1,000 emergency. You think if these taxes weren't taken directly out of their check that they would be saving them?
That's the entire reason the government has created this tax redistribution welfare plan. It forces people to pay taxes to fund a system that they anticipate they will receive in the future, funded by different taxpayers.
Posted on 2/25/24 at 10:08 am to moneyg
quote:
Holy shite. People need to let this one sink in.
Bro, people are arse with money. Look at avg savings compared to avg credit card debt
This post was edited on 2/25/24 at 10:09 am
Posted on 2/25/24 at 10:11 am to RiverCityTider
quote:
Maybe your generation should stop sucking their dick.
Maybe your generation should have told the government to stop sticking IOUs in the fund. I'm not going to sit here and call you a thief or a welfare recipient but I'm not interested in the whipsaw of having my taxes raised today just to get nothing or even less tomorrow.
The game they have played with SS isn't exactly a new discovery. It should have been planned around.
This post was edited on 2/25/24 at 10:13 am
Posted on 2/25/24 at 10:12 am to beerJeep
I imagine he's making the common mistake on this board of just assuming an explanation of why things are is a defense of the system. There are so many people who are emotionally primed to demand angry reactions to certain things that any commentary outside of this is seen as defense.
Posted on 2/25/24 at 10:19 am to NC_Tigah
That $100 forty years ago is $297 in constant dollars today. The dollars are worth about 1/3 what they were 40 years ago.
quote:
In other words, the OP's premise is, if you paid $100 in taxes 40yrs ago, you should receive $100 in benefits today.
Posted on 2/25/24 at 10:32 am to SlowFlowPro
quote:
Your average person can't afford a $1,000 emergency. You think if these taxes weren't taken directly out of their check that they would be saving them?
I don’t know. But I know taking it out of their checks and then giving it back decades alter isn’t welfare.
That’s beyond insulting.
Look the money is gone. It’s already been stolen. And it’s already been spent. I’m like a poster earlier who doesn’t expect mad never planned on having SS.
But the guy you are being a dick to should just turn it around on you and suggest that you should just pay more than you do now to keep SS solvent. He kept up his end of the bargain. Why shouldn’t you?
quote:
That's the entire reason the government has created this tax redistribution welfare plan. It forces people to pay taxes to fund a system that they anticipate they will receive in the future, funded by different taxpayers.
That’s illogical and I think it’s inaccurate. Forced private retirement contributions would have solved that problem a lot better. Your complaints about market fluctuation are comical.
Posted on 2/25/24 at 10:38 am to HailHailtoMichigan!
Ever heard of cost of living? You do realize the money they put in back then was worth much more than it is today, right?
Posted on 2/25/24 at 10:39 am to Cheese Grits
Except Reagan was the last person who reformed SS.
Posted on 2/25/24 at 10:45 am to Auburn1968
quote:
The dollars are worth about 1/3 what they were 40 years ago.
and?
Posted on 2/25/24 at 10:45 am to HailHailtoMichigan!
Posted on 2/25/24 at 10:46 am to SlowFlowPro
quote:False.
That's the entire reason the government has created this tax redistribution welfare plan
Posted on 2/25/24 at 10:47 am to SlowFlowPro
quote:Again, 100% false.
You pay taxes to fund others.
Posted on 2/25/24 at 10:58 am to NC_Tigah
I think we can all agree that the government is a fraud.
But I'm confused as to why you all would want to pay for that fraud out of those who's earnings were confiscated. Wby not take it from the banking system or the military industrial complex or Ukraine or the illegal immigrant debit cards?
No, you want to frick those defrauded by not allowing them to get some of their money back.
Seems cowardly.
You claim baby boomers should have fixed the problem. How? Is your generation fixing stuff? Did you flood the streets to stop the bailouts of 2008? Did you protest and prevent the trillion in war this century? Are many of you not supporting the spending in Ukraine?
Are you the solution? I'm not seeing it.
But I'm confused as to why you all would want to pay for that fraud out of those who's earnings were confiscated. Wby not take it from the banking system or the military industrial complex or Ukraine or the illegal immigrant debit cards?
No, you want to frick those defrauded by not allowing them to get some of their money back.
Seems cowardly.
You claim baby boomers should have fixed the problem. How? Is your generation fixing stuff? Did you flood the streets to stop the bailouts of 2008? Did you protest and prevent the trillion in war this century? Are many of you not supporting the spending in Ukraine?
Are you the solution? I'm not seeing it.
Posted on 2/25/24 at 11:10 am to RiverCityTider
quote:
RiverCityTider
The truth is that if you are counting on SS, you are at the mercy of the government.
And screwing people like you isn’t any better or worse than screwing younger people.
Posted on 2/25/24 at 11:16 am to moneyg
I work. And I'm not at retirement age yet. And I will continue to work. But taking 4k a month from me in 10 years while sqandering 2 trillion a year and borrowing a trillion more is a bitch move.
There are other alternatives. This thread advocates the most dishonest and cowardly one.
There are other alternatives. This thread advocates the most dishonest and cowardly one.
This post was edited on 2/25/24 at 11:17 am
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