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teedubbya
Herf-A-Holic

15 years ago

#21

well other than giving birth to us and stuff.

I'm actually in the area some call baby boomer some call gen x. I'm the one that will put the most money into the system (at least in terms of years) and will likely get little or nothing. I win. I'm the biggest loser (which most of you figured out years ago)

teedubbya
Herf-A-Holic

15 years ago

#22

And this folks, is why SS must be privatized.

Keep your money....YOUR MONEY!!

](*,)

Stinkdyr wrote:

I agree but judging by the effect of the last few years on the raisens in my parents compounds the market is a wickid thing to rely on..... but it is closer to reality than SS

DrMaddVibe
Herf-A-Holic

15 years ago

#23

And this folks, is why SS must be privatized.

Keep your money....YOUR MONEY!!

](*,)

Stinkdyr wrote:

It was NEVER your money!

They don't trust you to pay in the Ponzi scheme so they remove it from your check before you ever see the direct deposit or check stub. They got theirs first!

Then there's the whole 1st gen that didn't pay in but got a chunk...that comes off the top.

Factor in that families moved to the city and got away from the farm so family sizes shrank because...well...let's face it we were having kids just for labor on the farms...this means less people paying in!

Can't forget about all the illegal immigrant giveaways...housing, food, education and healthcare because we can't arrest or just plain shoot the moochers that are robbing the system and that has to come out of some pot.

Then there's all the wars we have to fight all the time and the dough we give nations all over the world that spit in our eye and hate us...hey look there's this lockbox we can borrow from over there!

Yeah...it was NEVER your money.

gringococolo
Herf-A-Holic

15 years ago

#24

And this folks, is why SS must be privatized.

Keep your money....YOUR MONEY!!

](*,)

Stinkdyr wrote:

Maybe have a "forced" account. In other words you pay a portion of your check into a retirement fund. 10 percent or more. 15 percent would be better.

This massive fund can be used to issue loans to other countries, etc...

The accounts are individualized however, the interest from loans, bonds, etc... is distributed evenly to all contributors (this would keep the socialists happy).

The individual savings accounts are then payed back to the individual in an annuitized form based on an acceptable life expectancy (say 85 or so). If you die, 80% of the remaining balance gets given to your next of kin (or however willed). The distributon will be tax free, however it will get treated as income and the "forced" contribution will be put into your retirement account.

Problem solved.

Oh wait. What about the mother who raises her children, is a great wife and never works.

Oh wait. What about divorce? Does the spouse get half?

Oh wait. How is this privatization thing gonna work?

gringococolo
Herf-A-Holic

15 years ago

#25

Lets go a little further about this whiney baby boomer.

This man only paid an AVERAGE of 5.04% of his wages (assuming he started working in 1963). Wages were also 30% lower comparatively.

I have so far paid an AVERAGE of 6.09% of my wages (my work history began in 1984). Wages were much more comparable in 1984 and beyond.

http://www.ssa.gov/oact/progdata/oasdiRates.html

Baby boomers.

Edited by user 15 years ago | Reason: Not specified

DrMaddVibe
Herf-A-Holic

15 years ago

#26

How is this privatization thing gonna work?

gringococolo wrote:

That was a really good post but I'm going to cherrypick the last point..if you don't mind.

Um...you can either save some money for a rainy day or retire on OR go into debt and live in a van down by the river.

Once the scam is taken away people are going to really hate the politicians that have been scamming them. Maybe we'll go back to the stocks or tar and feathering.[-o<

gringococolo
Herf-A-Holic

15 years ago

#27

It's ripe for the picking...

Oh and remaining 20% of individual balances that was kept (upon death) would be distributed as follows:

5% retained for operating costs whether ran by the govt (most likely) or private, and the remaining 15% to be used as a gap measure to assist those who's checks fall below the poverty line (the other socialist part of the "plan").

DrafterX
Herf-A-Holic Topic Starter

15 years ago

#28

so, who do I write to about getting a refund..?? 😕

HockeyDad
Herf-A-Holic

15 years ago

#29

so, who do I write to about getting a refund..?? 😕

DrafterX wrote:

Anybody you want. It's a free country. (That's what the brochure says!)

topper7788
Herf-A-Holic

15 years ago

#30

How did you make that leap? It is more likely that most would be happy to see social security eliminated and all money paid in refunded at 0% interest. (The government keeps the interest because it was used on social security disability payments already)

From Generation X onward, most have already been conditioned to believe that social security would be eliminated before they retire and if they get anything back for their SS taxes, they should be happy. The expectations have been deliberately set very low. The Baby Boomers expect social security to be a god-given right.

The funny thing is that people that believe social security will always be there also believe they will get back what they paid in over time. It was never set up to do that.

HockeyDad wrote:

Funny a couple of years ago I would go into a Potts type reply. All I will say now is I'm old enough to care about getting my SS and Medicare when I turn old enough. I'm 56 so i am over the "55" which seems to be the age where no politician including the tea party will screw with SS or Medicare. As I guess every politition is smart enough to look a the zero chance for reelection if they F'd with it... My kid who is 26 knows to plan not to get benefits as stated today.. Gee, sorry we (The boomers) where foolish enough to think that the government would honor their obligations?

I firmly believe boomers are entitled to their "entitlements" so to say.... Quite frankly my and my wife's SS benefit is a fairly decent chunck of change and for better or worse it is figured into our retirement planning. (what's left of it after the last few years anyway)

Does this mean I have to turn in my Republican party card??

HockeyDad
Herf-A-Holic

15 years ago

#31

Does this mean I have to turn in my Republican party card??

topper7788 wrote:

No. It means you need to demand that your child's social security payroll deduction be significantly increased.

HockeyDad
Herf-A-Holic

15 years ago

#32

Once people are in a ponzi scheme and close to getting paid, they become the best recruiters for new entrants into the ponzi. We need to make sure we get paid and the next group can get screwed, who cares.

This is a great example of why American voters are so easy to coerce. People vote with their wallets and how much they can get out of the US Treasury regardless of whether it is from other current taxpayers or future taxpayers.

FuzzNJ
Herf-A-Holic

15 years ago

#33

Does this mean I have to turn in my Republican party card??

topper7788 wrote:

Probably. Medicare and Social Security are Socialist programs. Can't have your cake and eat it to.

DrMaddVibe
Herf-A-Holic

15 years ago

#34

Can't have your cake and eat it to.

FuzzNJ wrote:

What about cookies or snickerdoodles? [frypan]

Come on and be a doll and whip up a batch.

Bonus points if you wear the French Maid outfit the lil missus got ya![whip]

Edited by user 15 years ago | Reason: Not specified

FuzzNJ
Herf-A-Holic

15 years ago

#35

What about cookies or snickerdoodles? [frypan]

Come on and be a doll and whip up a batch.

Bonus points if you wear the French Maid outfit the lil missus got ya![whip]

DrMaddVibe wrote:

Quit hitting on me.

DrMaddVibe
Herf-A-Holic

15 years ago

#36

Quit hitting on me.

FuzzNJ wrote:

The only "hit" you're gonna get is a car rambling through your apartment walls!

FuzzNJ
Herf-A-Holic

15 years ago

#37

The only "hit" you're gonna get is a car rambling through your apartment walls!

DrMaddVibe wrote:

Talk about bullsh!t, you outrank the title of the thread. I've never lived in an apartment and own a 4 bedroom house on a corner lot.

I correctly point out that Social Security and Medicare are socialist programs and you respond with all this hostility. You are a strange person.

ZRX1200
Herf-A-Holic

15 years ago

#38

Your wife owns a 4 bedroom house.

FuzzNJ
Herf-A-Holic

15 years ago

#39

Your wife owns a 4 bedroom house.

ZRX1200 wrote:

Wow, you should be checked for obsessive compulsive behavior. I think you need to be welcomed to the 21st century where we have strong women who have great careers, make 6 figures and still have a family. Quit being afraid of strong successful women.

dkeage
Herf-A-Holic

15 years ago

#40

Quit being afraid of strong successful women.

FuzzNJ wrote:

I'm cornfused.........ZRX1200 is Rickamaven?
:-k

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