re: Updated Thread: A Blast From the Past - SS Reform

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Yep, ol' Ron has proved he really knows how to make money!

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Trump was born in this base. For all the wealth promoting he's done...I think, just before the election...so '15 using that adjusted dollar figure
The inheritance was 460-480MM

So good for him by increasing that 6-7 fold but. He was born with money and connections

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Meme all you want it’s not welfare. A

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Can current SS payments to recipients be funded without current contributions from workers? For how long?

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And there is no corollary there at all.

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Sure there is. You pay taxes to fund the current payments to others. Redistribution and welfare.

You just don't want to consider it welfare b/c you may receive some of it one day.

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. If I had all the money I paid in, (i.e. my current 401k)
, I would have no need for the government to pay me anything

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Do you consider the taxes you're forced to pay for Medicaid an investment? Section 8? Food stamps? Foreign aid?

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I had no choice but to have my money stolen for all of these years.

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Yeah. It's called taxes. I hate them too.

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I’ll likely never see a dime of the “entitlement” money I’ve paid into social security,

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I have floated this idea on Tigerdroppings but no one has brought it to a Congressman or Senator. This would be a Social Security government backed IRA that would be optional to add or supplement your benefits when Social Security runs out of money.

It would involve allowing your employer to double your Social Security withholding tax, the employer would also match to your new social security withholding. The traditional amount would go towards traditional social security benefits. The extra amount would be deposited into a Social Security managed IRA using government bonds that pay a minimum of 5% interest and are insured for losses. In exchange for fewer gains, the money when collected is tax free.

The money built up in this fund is yours to start collecting at 62 and a half. Unlike Social Security, upon death before 62 and a half, funds collected in this SS IRA are withdrawn to the beneficiaries on file or immediate heirs.

It’s simpler than this. Anyone under the age of 40 can opt out.

Anyone over 40 received SS as designed today.

Those 40 and under can participate, but cannot draw until 70.

Those who opt out get 10k in a private account that’s can only be invested. Money can be touched at age 60. Newborns get this benefit on day 1. They retire with over a million dollars without effort.

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Ah, but it’s not.

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If you meet certain conditions, you're eligible for payment. You might not like the mandatory nature of it (understandable) and the cost (at least arguable that it is expensive coverage), but:

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when I have a claim, I am paid.

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I think you're focused solely on the old age portion of the program and not the survivor, disability, etc.

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Is there ANY other policy where "conservatives" will flatly ignore personal responsibility and the "play stupid games.

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You will never convince people that:

1- The Fed Gov taking their money without consent with the promoted idea that at retirement you start getting a portion of it back.

2- That raising the age of retirement isn't stealing from them.

3- that stealing from them is a conservative idea.

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You will never convince people that:

1- The Fed Gov taking their money without consent with the promoted idea that at retirement you start getting a portion of it back.

2- That raising the age of retirement isn't stealing from them.

3- that stealing from them is a conservative idea.

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Then you're just arguing further that Trump fans are promoting Idiocracy.

Look Trump can be a Leftist and buy votes all he wants, but it just makes him a dirty commie at the end of the day. Accept it. Own it. Celebrate it.

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That’s not how it works.

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Because govt screwed the system up and treated it like a piggy bank..

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That’s not how it works. Do you call your insurance company if you never had a car wreck or your house never burned down and say give me all the money I paid you back?

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Dear government. I have paid tens of thousands of dollars for Medicaid. I never used Medicaid. Please send me my refund check. Thanks.

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Because govt screwed the system up and treated it like a piggy bank..

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I agree the government treats it like a piggy bank but that has nothing to do with it not working as he described. If he lives to a really old age and the payments surpass the amount he put into it the payments don’t just shut off and Uncle Sam says ok you’re all done good luck.