- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Senate stealing from the poor - this should be a crime.
Posted on 12/19/24 at 9:47 pm to JakeRStephenes
Posted on 12/19/24 at 9:47 pm to JakeRStephenes
I've read it and spoken to house members who wrote it. Where is he wrong? If you paid into social security in addition to having paid into a pension system, you would now get a fair return on what you paid into the system. The act they are overturning was meant for a system that no longer exists. Most of the affected are collateral damage to that original law.
1
Posted on 12/19/24 at 9:55 pm to done dancing
Define fair? Do you think the current system is fair?
Posted on 12/19/24 at 10:00 pm to JakeRStephenes
The new bill doesn't say anything about whether the current law is fair or unfair. It's only corrects the flawed reasoning behind the original.law. I.think you're confusing affected people being upset and calling it unfair. The legislation is intended to remedy a flawed process.
Posted on 12/19/24 at 10:02 pm to JakeRStephenes
Fair return being all payees receiving a return relative to what they contributes.
Posted on 12/19/24 at 10:06 pm to JakeRStephenes
You obviously didn’t understand what you read.
Posted on 12/19/24 at 10:07 pm to davidsheroes
quote:
This money came out of our paychecks and the Government has kept it with interest.
It didn’t though. There never was a trust fund. The taxes you pay into social security go into the general fund to be spent like any other source of revenue. It was always a trick.
Your social security payments are money created out of thin air and financed by debt.
Posted on 12/19/24 at 10:11 pm to davidsheroes
Keep up the good fight in educating the uninformed. But remember, you can explain it to them but you can't make them understand it. I have to get ready to go to work now at the job I've had for 20 years paying social security after retiring with that massive municipal pension lol.....take care
Posted on 12/19/24 at 10:32 pm to davidsheroes
I am talking about the original law, which was setup to stop "double dipping". This is fair according to the original intent of social security, which was that high wage earners should help subsidize the lower wage earners.
You do realize that social security is a progressive system, which benefits the lower wage earners more than the high wage earners. There are 3 bend points in calculating the monthly social security amount, with 90% of the first traunch, then 32%, then 15%. So the higher wage earners ultimately receive less (as a %) than low wage earners
The WEP was designed to adjust for those people that contributed to social security in addition to pension jobs. Essentially these people were positioned as low wage earners, when in fact they weren't. Understand?
You do realize that social security is a progressive system, which benefits the lower wage earners more than the high wage earners. There are 3 bend points in calculating the monthly social security amount, with 90% of the first traunch, then 32%, then 15%. So the higher wage earners ultimately receive less (as a %) than low wage earners
The WEP was designed to adjust for those people that contributed to social security in addition to pension jobs. Essentially these people were positioned as low wage earners, when in fact they weren't. Understand?
This post was edited on 12/19/24 at 10:45 pm
Posted on 12/19/24 at 10:45 pm to JakeRStephenes
Wrong again. The majority of the municipal, county and state pensioners are not nor were they ever hgh wage earners compared to their civilian counterparts. But keep defending the flawed thinking that started this to begin with. Now for people who never paid for But received social security? They should not receive payment. But the new law fixes that also.
Posted on 12/19/24 at 10:51 pm to done dancing
I'm sorry you don't understand, but it's simple math.
Posted on 12/19/24 at 10:56 pm to JakeRStephenes
2 plus 3 equals four. It's simple math. it's also wrong. We're at a stalemate and that's ok. It's the debate that allows people to hopefully see the other's ideas. I've read your explanations in numerous articles. In the real world? The math is still wrong. But I understand the point you're trying to make.
Posted on 12/19/24 at 11:08 pm to done dancing
Agreed. I typically don't engage on these issues, as they require critical thinking, which is in short supply these days.
To be transparent, the only reason I even looked into this is because the title - whenever a politician uses an adjective like Fairness in the title, it implies they are fixing an Unfairness. And you fell for it.
To be transparent, the only reason I even looked into this is because the title - whenever a politician uses an adjective like Fairness in the title, it implies they are fixing an Unfairness. And you fell for it.
Posted on 12/19/24 at 11:11 pm to RobbBobb
quote:
What the frick are you talking about?
Ahhhh, these are things I know our government absolutely meant to be confusing.
Posted on 12/19/24 at 11:13 pm to done dancing
So if you spend 20 years working in the private sector giving to social security but you decide to become a teacher, you will be penalized under the present system and lose your social security.
Nearly 3 million Americans are being penalized for trying to earn a living. It is time to fix this. It is time these people are paid what is owed to them.
Nearly 3 million Americans are being penalized for trying to earn a living. It is time to fix this. It is time these people are paid what is owed to them.
Posted on 12/19/24 at 11:19 pm to davidsheroes
Social security will not be taken away, FFS! It will be adjusted down based on the pension received.
You apparently got duped by the title as well. Adding Fairness does not mean the previous bill was unfair. And the Inflation Reduction Act had ZERO to do with reducing inflation.
Here's an idea - question everything, research on your own and apply critical thinking skills.
You apparently got duped by the title as well. Adding Fairness does not mean the previous bill was unfair. And the Inflation Reduction Act had ZERO to do with reducing inflation.
Here's an idea - question everything, research on your own and apply critical thinking skills.
This post was edited on 12/19/24 at 11:25 pm
Posted on 12/19/24 at 11:56 pm to JakeRStephenes
We get it, critical thinking. Did it ever occur in your thinking that the authors of WEP used faulty information and reasoning in assembling the bill? Now that there is an effort to correct it, using the word fair to spin the contradiction on what others think as unfair invalidates their argument? No one "fell" for anything. Again, we can disagree but your verbiage makes you sound as if you're speaking to idiots. You made your point. Some people disagree. No need to insult.
Posted on 12/20/24 at 12:27 am to RobbBobb
quote:
without telling them you dont know how SS works
Read again.
Government pensions are paid for by the taxpayers.
Sorry you are angry, but you signed up for a pension under those terms.
Kinda jerky to now complain when you knew what you agreed to.
Posted on 12/20/24 at 5:03 am to davidsheroes
quote:
stealing from the poor
Talk about hyperbole! While I agree that these folks should have the social security they earned, let's not act that they are destitute.
Many of them have healthy pensions and retirement accounts, in addition to a portion of their SS. You can make your point based on facts, no need for histrionics.
Posted on 12/20/24 at 6:51 am to Bass Tiger
Thanks Bass.
And some of these folks have written in their union contracts they get 75% of their highest paid year. So the last year before retirement they "put in" double time and actually retire with a benefit higher than their highest paid (normal time) year......for the rest of their lives.
Their eyes were wide open when they took that govt job, they weighed the benefits and saw it was more lucrative, now they want to claw back and double dip with these bullshite posts.
And some of these folks have written in their union contracts they get 75% of their highest paid year. So the last year before retirement they "put in" double time and actually retire with a benefit higher than their highest paid (normal time) year......for the rest of their lives.
Their eyes were wide open when they took that govt job, they weighed the benefits and saw it was more lucrative, now they want to claw back and double dip with these bullshite posts.
Posted on 12/20/24 at 7:26 am to done dancing
quote:
Did it ever occur in your thinking that the authors of WEP used faulty information and reasoning in assembling the bill?
Faulty information - they used actual wage numbers. How is that faulty?
Faulty reasoning - the creators of the Social Security system wanted the higher wage earners to pay for the lower wage earners.
Changing this basic tenet, through the Fairness Act, essentially invalidates the very structure it was founded on. If you want to argue this point, you can make a strong argument.
As I said, my main complaint is how politicians frame issues. I'll be glad to receive any social security money.
Page 2 of 6
Popular
Back to top
Follow TigerDroppings for LSU Football News