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CharlesUFarley
| Favorite team: | Auburn |
| Location: | Daphne, AL |
| Biography: | |
| Interests: | |
| Occupation: | Drives and PLC Guy (Mechanical Engineer) |
| Number of Posts: | 1178 |
| Registered on: | 1/13/2022 |
| Online Status: | Not Online |
Recent Posts
Message
re: Am I crazy to think men should be allowed to pull social security before women?
Posted by CharlesUFarley on 8/20/26 at 2:25 pm to ThermoDynamicTiger
Australia has one level of Social Security benefit: 100% of the poverty level.
Their SS systems is designed solely to keep people out of poverty. Compared to ours, it is a small percentage of the Gov. Budget.
We should do that for younger people, You should only have to pay in until you accumulate enough credits to fund that payment for life. However, we should keep the 12.4% tax in effect, give a credit for SS taxes paid against them, then allow a deduction for the remaining amount to go into 401K or IRA, etc. If a taxpayer doesn't fund those things, just tax them.
Everyone should note that the investing world is different today than when I entered the workforce. Even fifteen years ago it was too expensive for brokerages to have millions of small accounts. These days, they can do it. That was one barrier to all the grand privatization plans back in the day.
There's no reason why we couldn't introduce a series of annuities with low costs that everyone could have access to that could replace SS and do better. We could probably do the same thing with medicare.
Their SS systems is designed solely to keep people out of poverty. Compared to ours, it is a small percentage of the Gov. Budget.
We should do that for younger people, You should only have to pay in until you accumulate enough credits to fund that payment for life. However, we should keep the 12.4% tax in effect, give a credit for SS taxes paid against them, then allow a deduction for the remaining amount to go into 401K or IRA, etc. If a taxpayer doesn't fund those things, just tax them.
Everyone should note that the investing world is different today than when I entered the workforce. Even fifteen years ago it was too expensive for brokerages to have millions of small accounts. These days, they can do it. That was one barrier to all the grand privatization plans back in the day.
There's no reason why we couldn't introduce a series of annuities with low costs that everyone could have access to that could replace SS and do better. We could probably do the same thing with medicare.
re: What’s an American history hot take you’ve got?
Posted by CharlesUFarley on 8/20/26 at 1:17 pm to TimeOutdoors
quote:
I don't like how promises were made and consistently broken.
Well, let's see. The creeks in North Alabama attacked white people but the ones is South Alabama were "mostly peaceful" and only helped the Northern Creeks one or twice because they felt they had to....
Sounds kind of like the Middle East....
re: When does Scott Bessent get canned?
Posted by CharlesUFarley on 8/20/26 at 8:42 am to IMSA_Fan
quote:
We have seen abysmal job growth, GDP growth south of 2%, inflation in the mid-3%, increased deficit spending and he’s losing the bond market…. again. He, statistically, is on track to go down as one of the worst Treasury Secretaries in modern memory.
Sounds like Timothy Geithner
re: A friend called and told me he was an alcoholic
Posted by CharlesUFarley on 8/19/26 at 5:11 pm to nuwaydawg
quote:
help me with my friend.
He'll be drinking a lot more coffee in the future. Maybe see if you can find some good coffee for him....by the case.
re: What’s an American history hot take you’ve got?
Posted by CharlesUFarley on 8/19/26 at 10:57 am to grizzlylongcut
Mexico claims the Western US because Mexico rebelled against Spain and won. Why doesn't the United States claim Canada on the same grounds?
Texas rebelled against Mexico. Separate issue.
Texas rebelled against Mexico. Separate issue.
re: What’s an American history hot take you’ve got?
Posted by CharlesUFarley on 8/19/26 at 10:52 am to Gusoline
Before the War Between the States, more people could read and write in the South than in the North.
re: What’s an American history hot take you’ve got?
Posted by CharlesUFarley on 8/19/26 at 10:50 am to Raging Tiger
quote:
The only reason Japan didn’t try to invade the west coast was they saw the large number of hunting licenses distributed. They knew it would be a death sentence.
They never had the fuel or equipment to even think about invading the mainland, nor any way to supply the fleet at such distances. Even if they had won at Midway, it's doubtful that they would have been able to physically invade the Island. They didn't have the equipment for it, even in their invasion force. They would have had men in boats trying to get ashore without much support and those men would have been burned down.
They couldn't even resupply the two garrisons they had in the Aleutians, they all died on one island and evacuated the other when they knew we were coming. Midway had only destroyed Aircraft Carriers, and after Midway, we couldn't deploy Carriers to the Aleutians. There was nothing stopping them from resupplying there except the fact that they just couldn't do it.
I like guns, but that didn't stop the Japanese.
re: Bush’s failure to partially privatize social security was a massive fumble
Posted by CharlesUFarley on 8/18/26 at 2:42 pm to Zach
quote:
In both cases the Dem votes killed it. Not the GOP.
I think The GOPe resisted both efforts: Bush's reforms plus Ryan's push to cut benefits.
The GOPe even resisted Bush's medicare advantage plans, with one senator giving his support in exchange for not enacting it in his state until he retired.
Barack Obama nad both houses for two years and changed healthcare forever plus contaminated the entire beurocracy. The GOP held it for four years under Bush and now four years under Trump and can't get sh!te done.
re: Bush’s failure to partially privatize social security was a massive fumble
Posted by CharlesUFarley on 8/18/26 at 11:41 am to ShrimperDan
quote:
I think a better way if we were starting today would be to invest it at the government level instead of the private level
If you did that, the Dems would demand you invest the money in low income housing and companies that hire minorities, etc. If you demanded that it be invested in index funds then the dems would probably place Dems on the boards of all the companies that create indexes to keep the companies they don't like out of them.
The Gov can't be in charge of investing.
We have annuities, and have had them through insurance companies for years. We have a means of regulating them, of examining their books and making sure they can pay their obligations. One thing that could be done is have qualified companies bid for a pool of future annuity payments based on a basket of risk for a given amount of money. The private companies could then invest to meet their future obligations and generate a profit, the bidding process would lead them to offer a higher return to score more AUM, the regulatory process would examine their books to make sure they could deliver. We have well established regulations for this. We might have to tighten them in this case, but get the investment decision out of the Gov's hands.
Second, teachers, preachers, firemen, railroad workers, and gov employees don't pay into SS (mostly dems). Why is that good for them and bad for us?
re: Bush’s failure to partially privatize social security was a massive fumble
Posted by CharlesUFarley on 8/18/26 at 11:29 am to Zach
quote:
Nope, Democrats rejected it. I remember their commercials showing old people in wheelchairs being shoved off a cliff to their deaths.
That was during the Romney/Ryan campaign, not the Bush SS reform push.
re: Community Coffee
Posted by CharlesUFarley on 8/16/26 at 9:09 pm to Missouri Waltz
You might try Gavalia Traditional Roast. I think it's whole bean only. I sometimes get it when it's on sale and though I like darker roasts, the Gevalia is a nice change up that isn't lacking in flavor or body.
re: She overstayed her visa, then married a Trump voter — Now she may be deported.
Posted by CharlesUFarley on 8/16/26 at 12:11 pm to loogaroo
She, and many other like her, do these kinds of things because it is easy to come here and do that. Now, it is becoming more difficult to come here and do that. At the very least, she and her husband are about to spend a double butt load on lawyers.
re: Conversing with a black female AI professional in the Amex lounge in Reagan airport
Posted by CharlesUFarley on 8/8/26 at 7:09 pm to Permit
quote:
She has been unemployed for 2 years.
Trump has only been president for 1.5 of those years, and this has been a time of explosive growth for her field.....
re: Cigarette ban- FOR LIFE
Posted by CharlesUFarley on 8/3/26 at 3:05 pm to djmed
I wonder if they've thought about the tax revenue implications of that move? State and locals make a lot of money by taxing nicotine addicts.
re: A curious legal quirk could see Luigi Mangione walk free
Posted by CharlesUFarley on 8/3/26 at 3:01 pm to djmed
quote:
The December 4 Legal Committee, which has raised more than $1.5 million for Mangione’s defense fund, is raising awareness about jury nullification,
They just might end up guilty of Jury Tampering. How are they going to introduce this idea to Court Proceedings?
re: Abortion/child support double standard
Posted by CharlesUFarley on 8/2/26 at 9:03 pm to Oilfieldbiology
quote:
Absent fathers used to be shunned and shamed and we were a better country for it.
I hear different stories from back in the day. A man could skip town and there was no one to find him. However, the fear of being pregnant and abandoned probably helped keep it from happening as much.
re: My Dad/Mom were Silent Generation born (1937/39 births). Siblings Boomers. Me, Gen X...
Posted by CharlesUFarley on 8/2/26 at 8:58 pm to BWHLSU
My father served in WW2, so he counts as Greatest Generation (1926). He looked at his watch right after I graduated college in 1988 and said "My Daddy (that's the name he preferred so it's also what I called him) was born 100 years ago today". Later this year, I will do the same.
I am Gen X, I was on the leading edge (1965). I have three boomer siblings, they and their friends and classes were night and day compared us. Boomers, even as kids, were just way more social and made many more social things like school dances and parties work. We were cliquish, never came together, never really played in the reindeer games. My younger sister is also X.
My mother is silent generation (94 now, still kicking, still tries to rearrange all my furniture when she comes to my house). All of her siblings have departed, she is the last one.
I am Gen X, I was on the leading edge (1965). I have three boomer siblings, they and their friends and classes were night and day compared us. Boomers, even as kids, were just way more social and made many more social things like school dances and parties work. We were cliquish, never came together, never really played in the reindeer games. My younger sister is also X.
My mother is silent generation (94 now, still kicking, still tries to rearrange all my furniture when she comes to my house). All of her siblings have departed, she is the last one.
re: The best steak vs the best pork chop
Posted by CharlesUFarley on 8/1/26 at 10:51 am to X123F45
Can't we have both?
re: Trump admin drops reflecting pool charges and admits flawed repairs
Posted by CharlesUFarley on 7/31/26 at 10:32 pm to theGarnetWay
quote:
… it’s a public park / monument that’s open 24/7.
Key word monument. There are laws against people climbing on monuments. I suspect that such laws would also apply to jumping into the reflecting pool.
re: I think people need to accept that the housing window has closed
Posted by CharlesUFarley on 7/31/26 at 6:24 pm to Shexter
quote:
I can't imagine how difficult it is to pay for a starter home these days when they start at over $200k.
In 1970, that was probably a 1500 sq ft house with no garage. Back then, 2000 sq ft was a big house. A few years earlier, it was 1300 sq ft with only one bathroom. That's what a starter house used to be.
re: Trump admin drops reflecting pool charges and admits flawed repairs
Posted by CharlesUFarley on 7/31/26 at 6:18 pm to CrimsonFever
Don't they have this guy on video in the pool? and didn't he claim that he entered the pool but didn't vandalize it?
Sounds like trespassing at the very least.
Sounds like trespassing at the very least.
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