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re: Now Social Security could be depleted this decade
Posted on 4/23/20 at 10:54 am to trinidadtiger
Posted on 4/23/20 at 10:54 am to trinidadtiger
quote:It's why both parties are pro-immigration. Need more payers to fund current "returns". A declining population, or one that earns income above the FICA cutoff... means SS goes t*ts up sooner.
Its the dirty little secret no one on either side of the aisle wants to talk about.
1
Posted on 4/23/20 at 10:56 am to Indefatigable
quote:If you don't care about 15% of your lifetime earnings being taken from you with no return I have no idea how to help you.
I never expected to see one cent of SS, so I don't really care when it fails.
Posted on 4/23/20 at 10:58 am to boogiewoogie1978
quote:
That's YOUR money in there
My money in there was spent by my grandparents just like I'll spend my grandchildren's money if there's any left.
Posted on 4/23/20 at 11:01 am to Diseasefreeforall
Joe B, chuck, and nancy P will solve the problem by raising the $128k (or whatever it is) contribution cap.
Posted on 4/23/20 at 11:05 am to Taxing Authority
quote:
If you don't care about 15% of your lifetime earnings being taken from you with no return I have no idea how to help you.
I did not say that I don't care that its being taken from me without any chance of my ever getting it back. I do.
But what am I supposed to do about it, exactly? I will never, ever see a dime of it and the same is true for most younger people. It will either fail completely or payouts will end up being restricted to the point that anyone who held a decent job and invested wisely will get nothing.
"caring" has nothing to do with it.
This post was edited on 4/23/20 at 11:06 am
Posted on 4/23/20 at 11:05 am to Apollyon
quote:
Good. Let it fail.
Always thought it would, though now working for 35 years and paying in God knows how much money to see that ponsi scam collapse is going to piss me off. It is literally hundreds of thousands of dollars paid in and POOF! it's gone...
Posted on 4/23/20 at 11:15 am to Indefatigable
quote:
I never expected to see one cent of SS, so I don't really care when it fails.
quote:
I did not say that I don't care that its being taken from me without any chance of my ever getting it back.
Posted on 4/23/20 at 11:26 am to BigPerm30
quote:
I’m ok with that. Just stop deducting from my paycheck. Let me invest my own fricking money.
x2, but I'll have back the tens of thousands the government has already stolen from my employers and I, to prop up their fricking Ponzi scheme for the last 35 years. Thank you very much.
Posted on 4/23/20 at 11:31 am to Diseasefreeforall
"Some a-hole forgot to carry the frickin' 2!!"
-Lewis Black
-Lewis Black
Posted on 4/23/20 at 11:34 am to boogiewoogie1978
quote:
That's YOUR money in there. Why would you want anything with your money in it to fail? Assuming you work.
Do you know what a sunk cost is?
Posted on 4/23/20 at 11:36 am to Taxing Authority
quote:
It's why both parties are pro-immigration. Need more payers to fund current "returns". A declining population, or one that earns income above the FICA cutoff... means SS goes t*ts up sooner.
Impossible. The experts in the '30s surely accounted for demographic changes in their models
Posted on 4/23/20 at 11:36 am to Esquire
quote:
I'm not the one worried my welfare check will run out.
frick you a-hole. The government takes money from you, gives it back decades later, when the dollar they took will only buy 80 cents worth of shite if you're lucky, without paying one cent in interest, and then we have to listen to sniveling shits like you call it welfare.
Posted on 4/23/20 at 11:50 am to troyt37
quote:
The government takes money from you, gives it back decades later,
This is where you tards don't get it. It's not your money they are giving back. It's the money from the generations currently working that is funding your welfare checks.
quote:
and then we have to listen to sniveling shits like you call it welfare.
I'm not just calling it welfare. I'm calling you a welfare queen.
This post was edited on 4/23/20 at 11:51 am
Posted on 4/23/20 at 11:56 am to Taxing Authority
quote:
If you don't care about 15% of your lifetime earnings being taken from you with no return I have no idea how to help you.
That's why it will never be means tested. It makes no sense to give away another 15% of your income to someone else without personal benefit. In that case it becomes another form of welfare to the middle and below middle class. Take a 35% tax bracket person and then add another 15% to the tax burden? No way!
Posted on 4/23/20 at 11:57 am to Esquire
quote:
This is where you tards don't get it. It's not your money they are giving back. It's the money from the generations currently working that is funding your welfare checks.
Yeah, that's what makes it a Ponzi scheme, frickstick. I'm 50, and have held a job since the day I turned 16, frickstick. I'll be 65 in.... wait for it... 2035.
quote:
I'm not just calling it welfare. I'm calling you a welfare queen.
You wouldn't say it in person, which confirms you are the bitch you so desperately want everyone to know you are.
Posted on 4/23/20 at 11:58 am to Esquire
quote:
This is where you tards don't get it. It's not your money they are giving back. It's the money from the generations currently working that is funding your welfare checks.
This is what you tards don't get. We funded it for the "greatest generation".
It has always been a Ponzi scheme. You are just a bigger bagholder.
Posted on 4/23/20 at 12:00 pm to gthog61
quote:
This is what you tards don't get. We funded it for the "greatest generation".
At least you get the added moral benefit of funding a generation that actually deserved it.
Posted on 4/23/20 at 12:03 pm to troyt37
quote:
You wouldn't say it in person
You're right. I sure as hell am not going to drive to shithole Arkansas to explain the ills of socialism to you.
Posted on 4/23/20 at 12:03 pm to Esquire
What exactly have you done to claim "deserved"?
I mean living in Boomers basements with a liberal arts degree isnt a great achievement no matter how hard you try and spin it
I mean living in Boomers basements with a liberal arts degree isnt a great achievement no matter how hard you try and spin it
Posted on 4/23/20 at 12:05 pm to SDVTiger
quote:
What exactly have you done to claim "deserved"?
I was talking about the Greatest Generation deserving it. Try to keep up.
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