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Message
re: Taking people's savings (SS) away would be no different than cleaning out bank accounts
Posted on 5/25/19 at 8:04 am to Centinel
Posted on 5/25/19 at 8:04 am to Centinel
i love how Millenials are being blamed for SS when we literally are just reaching positions of power in fedgov
hell Milletnials JUST became eligible to run for the Presidency. i think 2020 may be the first shot they'd even have for that office
hell Milletnials JUST became eligible to run for the Presidency. i think 2020 may be the first shot they'd even have for that office
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Posted on 5/25/19 at 8:04 am to SlowFlowPro
quote:
either we go without or you go without and it's clear you're acting selfish
Clearly you don't see the irony in that statement.
Posted on 5/25/19 at 8:05 am to Homesick Tiger
quote:
The crying by non-boomers about SS who blame the boomers is pretty immature political thinking.
how?
my generation (i'm an old millennial) has not even been given a chance to do anything about SS
and yet we will have to pay for decades and likely receive nothing so that we can support the Boomers who made SS worse and had 40 years to fix it
Posted on 5/25/19 at 8:05 am to Homesick Tiger
quote:
Clearly you don't see the irony in that statement.
most millennials have already paid into SS so it's not as ironic as you think
Posted on 5/25/19 at 8:06 am to Centinel
quote:
Boomers are still the largest voting block by far, and there is no way in hell they'll let SS be touched in any way, shape, or form.
How do you want to see it touched? I started taking at 62 so I could receive my benefit before hysteria built to take it away or reduce it. Now Senator Grassley is suggesting the benefit should start at 72. It will be hard to take it away from those receiving it. I agree SS is a mess. Our politicians are incapable of coming up with a solution.
Posted on 5/25/19 at 8:09 am to jimdog
Oh, they won't "take it away." You'll still get a check. Once your Medicare premium and retirement asset surtax is deducted from it though, there will be about $50 left. Also, in case you didn't notice the eligibility age for Gen X and other post boomer generations has been raised to 67.
It is a ponzi scheme... As for why, we are short some fifty million future citizens that we aborted. The 26 million illegals we allowed to come here in their place have been a net drain on the system instead of contributing to it.
When you have a net negative swing of 75 million or so people, the math you used to come up with a program doesn't work.
It is a ponzi scheme... As for why, we are short some fifty million future citizens that we aborted. The 26 million illegals we allowed to come here in their place have been a net drain on the system instead of contributing to it.
When you have a net negative swing of 75 million or so people, the math you used to come up with a program doesn't work.
This post was edited on 5/25/19 at 8:14 am
Posted on 5/25/19 at 8:11 am to aTmTexas Dillo
quote:
How do you want to see it touched? I started taking at 62 so I could receive my benefit before hysteria built to take it away or reduce it. Now Senator Grassley is suggesting the benefit should start at 72. It will be hard to take it away from those receiving it. I agree SS is a mess. Our politicians are incapable of coming up with a solution.
Do away with it altogether for people a long way from retirement(20 years), means testing for those close to or already drawing..everyone keeps paying in Just enough I sustain it til the last person drawing it dies. No one will be happy But no old people starve.
Posted on 5/25/19 at 8:11 am to Boatshoes
quote:
Oh, they won't "take it away."
Means testing. It's coming.
Posted on 5/25/19 at 8:14 am to Centinel
quote:
No, GenX and Millenials realize we'll never see a penny of our SS.
Well, I am GenX and I can tell you without a doubt that neither Boomers, GenX, or Millennials have elected anybody that actually wants to fix SS. GW Bush even talked about letting folks opt out in to their own retirement savings, but then it just cycled out of the news.
Politicians love to use SS as a scare tactic when campaigning.
Knowing what we know about SS, if you haven't started your own 401k or IRA then you only have yourself to blame.
Posted on 5/25/19 at 8:15 am to Dawgfanman
quote:
Do away with it altogether for people a long way from retirement(20 years), means testing for those close to or already drawing..everyone keeps paying in Just enough I sustain it til the last person drawing it dies. No one will be happy But no old people starve.
Why means test out someone who pays into it who paid 35 to 40 years into? How is that fair. Our tax code already benefits those on the lower end of the pay scale. There are many problems with SS. Luckily I don't need it. I save and invest it and my social conscience tells me to give any that's left over to charity when I pass.
Posted on 5/25/19 at 8:18 am to aTmTexas Dillo
quote:
Why means test out someone who pays into it who paid 35 to 40 years into? How is that fair. Our tax code already benefits those on the lower end of the pay scale. There are many problems with SS. Luckily I don't need it. I save and invest it and my social conscience tells me to give any that's left over to charity when I pass.
It’s not about fairness..nothing is gonna be fair. I’m 45 and been paying for 30 years (had a job since 15)...Under my proposal I pay for next 20 or so years and draw nothing..is that fair? Everyone suffers to stop the madness. You can’t stop a scheme and be fair. Like you said, you don’t need it...why take money from your kids and grandkids to give it to you?
This post was edited on 5/25/19 at 8:20 am
Posted on 5/25/19 at 8:18 am to Maytheporkbewithyou
quote:
Knowing what we know about SS, if you haven't started your own 401k or IRA then you only have yourself to blame.
I had one started by 22. Even at that age I knew I'd never see a penny of SS.
I've been maxing out my 401k for about ten years now, along with other investments. Same with the wife. No kids, so we'll be quite comfortable in retirement.
But that's not the point. The point is I payed in to a system that said "you'll get this back when you retire" when in fact I'll never see any of it because i'll be told "you were too successful, so your money is now their money."
I don't particularly like the government taking my labor and giving it to people who were either lazy or made shitty life choices.
This post was edited on 5/25/19 at 8:21 am
Posted on 5/25/19 at 8:27 am to Dawgfanman
quote:
It’s not about fairness..nothing is gonna be fair. I’m 45 and been paying for 30 years (had a job since 15)...Under my proposal I pay for next 20 or so years and draw nothing..is that fair? Everyone suffers to stop the madness. You can’t stop a scheme and be fair. Like you said, you don’t need it...why take money from your kids and grandkids to give it to you?
I understand. It's up to elected officials to repair this. When GWB suggested allowing investment into higher yield vehicles, the other side howled and claimed he was trying to take benefits away from old people or to put the trust fund money into risky schemes. I'm a Boomer. Do all of you realize that with the dishonesty and demagoguery of our political leaders our country is moving towards being an ungovernable mess? Why do you younger folks let 70 and 80 year olds run the country? And with all the social programs, free benefits being discussed by the democrats how will you have money to do anything? Social Security can be saved if for every five dollars they take from you, they give you two dollars back in the future and they give the rest to someone else.
I'm living the dream. I'm going to walk out the back door down to the boat house, drop the boat in the water and go fishing!
This post was edited on 5/25/19 at 8:31 am
Posted on 5/25/19 at 8:29 am to jimdog
quote:
Aside from the breaking of a contract.
While I agree with you, the government breaches contracts all the time.
To fix SS, you have to increase the retirement age to 70 over time and significantly reduce benefits.
Posted on 5/25/19 at 8:30 am to Antonio Moss
quote:
To fix SS, you have to increase the retirement age to 70 over time and significantly reduce benefits.
Which is political suicide.
Posted on 5/25/19 at 8:32 am to Centinel
quote:
Which is political suicide.
No doubt.
Which is the ultimate lesson in it all. Once the government controls something, the power will never subside. Social security is control and prevents real reform.
Posted on 5/25/19 at 8:32 am to SlowFlowPro
quote:
Our SS goes directly 100% into a separate brokerage account.
Let’s revisit this point
Posted on 5/25/19 at 8:34 am to Centinel
quote:
Which is political suicide.
The subject is impossible to discuss with leftist politicians and their press mouthpieces.
Posted on 5/25/19 at 8:35 am to Antonio Moss
quote:
Once the government controls something, the power will never subside.
Crisis and Leviathan. Some sort of crisis happens, people demand the government "do something", government does something that increases government power/control. Crisis subsides. Government maintains the increased power and control.
Rinse and repeat and here we are today with the government injected in to every aspect of our lives.
Great book by Robert Higgs btw (Crisis and Leviathan)
This post was edited on 5/25/19 at 8:36 am
Posted on 5/25/19 at 8:37 am to gthog61
quote:
The subject is impossible to discuss with leftist politicians and their press mouthpieces.
This isn’t just a problem on the left. The old are a GOP stronghold and reforming SS correctly negatively affects this demographic. It would automatically result in a GOP loss.
People like to think most Republicans vote on principle and long-term projections but that simply isn’t the case.
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