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Social Security Centenarians
Posted on 3/4/25 at 10:25 pm
Posted on 3/4/25 at 10:25 pm
Perhaps one of the biggest talking points is the fraud Trump talked about tonight at the SOTU with social security payouts.
Now, I know a lot of mainstream media sites have “debunked” this, however, I don’t think Trump would openly talk about this had it not been checked & double-checked. Especially by DOGE.
So here’s my question, do we have definitive proof that people aged 200+ have been receiving benefits? Like hard data with receipts? I’ve tried to do a little searching and even asked Grok (who said no) but the water has been a bit murky. I’m sure that we do and I’m not questioning Trump, however, when I discuss topics like these with leftist colleagues I’d love to be able to shove the receipt as close to their face as possible. Perhaps that could be the start of them questioning other lies that the Dems have told them over the last several years.
So have we got some hard receipts? I know I’m not the only one curious about this.
Thanks!
Now, I know a lot of mainstream media sites have “debunked” this, however, I don’t think Trump would openly talk about this had it not been checked & double-checked. Especially by DOGE.
So here’s my question, do we have definitive proof that people aged 200+ have been receiving benefits? Like hard data with receipts? I’ve tried to do a little searching and even asked Grok (who said no) but the water has been a bit murky. I’m sure that we do and I’m not questioning Trump, however, when I discuss topics like these with leftist colleagues I’d love to be able to shove the receipt as close to their face as possible. Perhaps that could be the start of them questioning other lies that the Dems have told them over the last several years.
So have we got some hard receipts? I know I’m not the only one curious about this.
Thanks!
19
Posted on 3/4/25 at 10:26 pm to facelessman07
Media didn't debunk anything.
Posted on 3/4/25 at 10:28 pm to facelessman07
The numbers he said are accurate for what’s recorded
Most of them aren’t getting paid by SS though, but many are. And the dems want to gloss over that.
Social security is also the dumbest fricking thing ever. If anyone ever took a finite math course in college or high school, future value would tell you that you are robbed by social security
It is literally basic math millions of 18 year olds are taught every year. If payroll tax was put into the private market (401k / IRA etc) instead of social security, the median American would be 10x better off than on social security. I will break down the numbers if anyone has trouble understanding that
Most of them aren’t getting paid by SS though, but many are. And the dems want to gloss over that.
Social security is also the dumbest fricking thing ever. If anyone ever took a finite math course in college or high school, future value would tell you that you are robbed by social security
It is literally basic math millions of 18 year olds are taught every year. If payroll tax was put into the private market (401k / IRA etc) instead of social security, the median American would be 10x better off than on social security. I will break down the numbers if anyone has trouble understanding that
Posted on 3/4/25 at 10:28 pm to facelessman07
I think, and I'm just guessing here, but my guess is that the people of those ages is just an exercise to show how much potential for fraud and abuse it there. Those numbers make it obvious that whomever would be in charge of the SSA is obviously not doing the things they need to be doing, how can anybody says there's not waste or fraud.
Posted on 3/4/25 at 10:31 pm to GeauxBurrow312
We've know that for years. Bush fliated the idea of putting a portion in the stock market and Dems had a stroke. They love to use fear anytime someone has a decent idea.
Posted on 3/4/25 at 10:33 pm to LSUSkip
quote:
I think, and I'm just guessing here, but my guess is that the people of those ages is just an exercise to show how much potential for fraud and abuse it there. Those numbers make it obvious that whomever would be in charge of the SSA is obviously not doing the things they need to be doing, how can anybody says there's not waste or fraud.
That sounds right. Some is fraud. Some is probably imput error. The fact that it was not caught before now is the problem.
This post was edited on 3/4/25 at 10:37 pm
Posted on 3/4/25 at 10:34 pm to facelessman07
He didn't mention the number of people in the database that have no SSN.
Surely, no one could object to focusing on that?
Surely, no one could object to focusing on that?
Posted on 3/4/25 at 10:35 pm to GeauxBurrow312
quote:
It is literally basic math millions of 18 year olds are taught every year. If payroll tax was put into the private market (401k / IRA etc) instead of social security, the median American would be 10x better off than on social security. I will break down the numbers if anyone has trouble understanding that
SS has often paid the "Trust Fund" interest below the rate of inflation. Quite a racket to get blue light special loans.
Posted on 3/4/25 at 10:35 pm to CharlesUFarley
How much would you want to bet that many of those millons older than 105 have been voting in elections?
Posted on 3/4/25 at 10:38 pm to Mobile Patriot
quote:
LINK
Going forward, the SS "Trust Fund" should go into the stock market like Chile did with its Milton Freidman designed program. It's the difference between getting 2% return or an average of 9% return.
Dems are stupid.
Posted on 3/4/25 at 10:40 pm to facelessman07
Musk talked about it a little on Rogan and said he was still running the numbers but did make it sound like some of those checks were actually going somewhere. My guess is some sort of insider scam to fund God knows what.
Posted on 3/4/25 at 10:42 pm to Auburn1968
I just wish more people focused on social security. Average payout for social security at current rates will be about $380k for median income earner.
If that was in the market instead, it would be about $2.2m when they retire, and annual pull would be about $200k without drawing from principal - meaning they could leave their kids/church/charity etc $2m when they die instead of 0 from SS.
And $200k a year at retirement beats the shite out of the $25 to $30k a year SS pays for median income earners. And that $2.2m number is assuming someone earns $40k a year their entire life instead of ever getting a promotion.
It is the single biggest con/ponzi scheme in the US.
If that was in the market instead, it would be about $2.2m when they retire, and annual pull would be about $200k without drawing from principal - meaning they could leave their kids/church/charity etc $2m when they die instead of 0 from SS.
And $200k a year at retirement beats the shite out of the $25 to $30k a year SS pays for median income earners. And that $2.2m number is assuming someone earns $40k a year their entire life instead of ever getting a promotion.
It is the single biggest con/ponzi scheme in the US.
Posted on 3/4/25 at 10:42 pm to GeauxBurrow312
quote:
Social security is also the dumbest fricking thing ever. If anyone ever took a finite math course in college or high school, future value would tell you that you are robbed by social security
Assuming you saved/invested it. And most people wouldn't, which is the point of SS. I don't disagree with you at all though
Posted on 3/4/25 at 10:44 pm to Ostrich
Im saying that instead of SS, it should go into a mandatory fund. I am old enough where I am no longer libertarian enough to believe people on the whole will behave responsibly
Payroll tax is 12.4%, 15% for contractors
In a 401k or equivalent that is a game changer. And the infrastructure already exists to do that, most work places already offer some form of a 401k plan
Payroll tax is 12.4%, 15% for contractors
In a 401k or equivalent that is a game changer. And the infrastructure already exists to do that, most work places already offer some form of a 401k plan
Posted on 3/4/25 at 10:49 pm to GeauxBurrow312
quote:
Im saying that instead of SS, it should go into a mandatory fund.
That's a good idea. A congressman should introduce that bill. The federal govt should already have that infrastructure in place with the TSP.
This post was edited on 3/4/25 at 10:50 pm
Posted on 3/4/25 at 10:54 pm to Ostrich
If there was a single issue I could change, it would be that. Literally pull up a future value calculator Like this and plug in 12.4% of what you pay. See how much you get robbed. Thats all they need to tell people
SS is broken, and we are all worse off. Not only would it benefit retirements for everyone, but it would inject a shitload into the markets which would boost pay and R&D
SS is broken, and we are all worse off. Not only would it benefit retirements for everyone, but it would inject a shitload into the markets which would boost pay and R&D
Posted on 3/4/25 at 11:00 pm to GeauxBurrow312
quote:
It is literally basic math millions of 18 year olds are taught every year. If payroll tax was put into the private market (401k / IRA etc) instead of social security, the median American would be 10x better off than on social security. I will break down the numbers if anyone has trouble understanding that
I would love to see the numbers.
Posted on 3/4/25 at 11:05 pm to GeauxBurrow312
quote:
and plug in 12.4% of what you pay.
You would have to cut that in half because your employer contributes 6.2%.
Posted on 3/4/25 at 11:08 pm to facelessman07
Go listen to the Elon interview with Rogan from last week.
It is 3 hours. Maybe there are show notes on YouTube so you can skip to the segment.
I would recommend just listening to the entire thing.
Playing the "hey internet, I heard this, what did you hear from some other lazy frick who also gets their info from other lazy fricks on the internet"
Just be a fricking man with some personal responsibility and listen to the interview.
Elon answers it in pretty good detail.
It is 3 hours. Maybe there are show notes on YouTube so you can skip to the segment.
I would recommend just listening to the entire thing.
Playing the "hey internet, I heard this, what did you hear from some other lazy frick who also gets their info from other lazy fricks on the internet"
Just be a fricking man with some personal responsibility and listen to the interview.
Elon answers it in pretty good detail.
Posted on 3/4/25 at 11:09 pm to La Place Mike
No, Im saying that you keep the system the same but instead put it into a private fund. Employers already have a system for co-contributing to employee funds, it requires no new infrastructure
Im saying 12.4% into the market, not 12.4% into the ponzi scheme that SS is
Im saying 12.4% into the market, not 12.4% into the ponzi scheme that SS is
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