re: Why do old conservatives get mad when you tell them that SSI is welfare

quote:

---

/quibbling

---

Do you think he is bright enough to grasp your explanation?

quote:

---

Welfare my arse.

---

Guys it is a social welfare program no matter how you cut it. Politicians have lied to you and the general public perpetuates the lie because they don't want to think they are taking welfare at 65.

Again, consider this example. You work for 30 years paying taxes and then you lose your job and are forced to take some forms of what you consider welfare. It doesn't stop being welfare just because you paid for the program for years. SS started as welfare and it remains welfare but most people can't come to grips with accepting that since they plan to take full advantage of it.

quote:

---

Look, I know you were misled and probably straight up lied to. I can't excuse that. But they weren't taking your money to save for your retirement. They were insurance premiums. And since it was the government and mandated (sound familiar? *cough* Obamacare *cough*) it was a tax. But, it wasn't a tax for "retirement" - it was a tax to guarantee a minimum income for old folks, disabled people and widows (women didn't work and weren't expected to for a long time - hell, not that long ago). So, here we are. And there is nothing else to do about it. However, it is welfare. Use the word "entitlement" if you feel better. Just don't pretend they won't be taking young people's money to pay your fairly generous benefit in just a few years (I must assume you're 58 to 61 - so just a few years away from the sweet life). I'm a champion of the truth. Sorry, not sorry.

---

I agree with most of this, Ace. You may think that this Hindenburg Disaster was sold to me to take care of the poor old widows but that’s not what I saw at the time. I was 16 when I started working full time. I saw how much money that I made on my first check and then wondered why I took home so little. I had no bitches about federal income taxes. But I had to ask WTF is this SS shite?

I was told that it was a federally mandated retirement plan and that I’d be glad that the money would be there...one day. I grudgingly accepted this bullshite but I have never agreed with it or liked it.

Turns out that I’m about to hit the fricking retirement lottery. I didn’t die and let them keep my money. I survived. So I want it.

My earlier post stands. Get rid of it tomorrow. But mail me all of my money, with interest, just as if it was in an interest bearing account. I didn’t fricking ask for any of this shite. It’s a Ponzi scheme and has always been a Ponzi scheme.

This bullshite program doesn’t compare to the fricking taxes that I pay for roads, border security, and defense. This is an abomination and should have been scrapped decades ago. I didn’t have anything to do with creating it. I couldn’t say frick that, I’ll take care of myself, TYVM! It was forced on me.

I don’t understand why you guys don’t get that part.

Thank God that I provided for my own retirement.

quote:

---

you dont think these same people would have much preferred to invest & manage that money themselves rather than seeing it leak out of every paycheck over the last 50+ years?

---

Not all of us. I look at Social Security as part of my diversified retirement strategy. I have a healthy 401k, real estate, relatively small defined benefit from one employer and Social Security. My retirement looks pretty rosey.

This is bad, and you should feel bad.

I think you should have a choice. Don’t pay into social security, never get a dime from govt.

Pay in, get screwed as the politicians steal half of it.

Social Security is supposed to be a savings plan for you dumb asses that don’t know how to save. It’s also a redistribution of wealth program. However, if I pay 60k dollars into then I should get that amount back at some point. Any dollar I get that I didn’t pay in would be considered welfare. Otherwise, it should be called FU Security.

quote:

---

Do you get money back out of your whole life policy if you stop making the monthly payments?

---

Do you get all your income taxes back if you renounce your citizenship and leave the country forever?

Now, the truth is somewhere in between, but these are not "whole life" policies - because do you have any idea what the equivalent would be? A potentially 30+ year annunity of $30K for a lot of folks? That's a million dollars discounted. Now, the value of it is about half that, but folks don't have half a million, discounted or otherwise.

It's not a 401K either. There is no "lockbox". There never has been. The money flows in, is loaned to the Treasury, and then benefits are paid whether there is money in the trust fund or not. It's all accounting voodoo at this point.

It's an insurance program - no more, no less. You pay premiums and are eligible for benefits. It's not a pension plan or 401k. Again, I didn't lie to you. I can't defend the lying, but not sorry for speaking the truth.

Exactly.

It is SSDI (Social Security Disability INSURANCE). It is a disability/retirement policy paid for by you (FICA).


This is the dumbest thread.

quote:

---

Obtuse1

---

You picked a good screen name, "has no idea what he's talking about" would have been better.

Social Security Insurance is NOT welfare. You get out what you paid in.

quote:

---

It isn't welfare

will people still receiving funding if we stopped taking out taxes for it?

quote:
and people do pay into it.

what kind of property-ownership interest do you have in this "account" (or whatever word you want to use

---

Libertarian autism is SO passé, SFP. Really.