Perry is STILL right: Social Security is a loser

[Riot]

Originally Posted by joeydb

It's either a retirement program (which always returns less than the principal invested) , or it's nothing but another tax.

And don't I have the right to expect something for my money? Do you realize how much more money any one of us can make by NOT having 16% forcibly ripped from our hands every pay period? With compounded interest? Hell, put it in the bank or gold or a utility stock if you're worried about risk. Diversify.

Senior citizens today, not in the 1930's, are in a predicament precisely because money was stolen from them all through their working years. If they did not have to pay into this fraud of a program, most would have money to burn, as they should have.

I have to point out: None of us have a "right" to retire. The decision to retire arises out of the math where you estimate how long, best case, you think you'll live, and determine given how much you've SAVED, if the money will last. If the numbers are in the right balance, congrats - enjoy the golden years.

Otherwise, you need to work. You do not have the right to someone else's money, or to be subsidized by the youth.

Wow, it's pretty cut and dried in young pretend idealistic libertarian-land, isn't it?

Nice to know you're on that bandwagon of selfishness that would allow the 30-year-old uninsured in a coma to die

"And don't I have the right to expect something for my money?"

- my, you sure sound like a complaining entitlement seeker!

Oh, it's hard to live the purity of "Atlas Shrugged" in real life.

I'm so sorry you had the unfortunate accident of birth, to be born in the United States of America. A place where we decided, years ago as a society, to stop widows and orphans from dying in poverty with Social Security, and where our founding fathers determined that, in order to create a union that had a basis to hold together, we would create the income tax.

Poor, poor, libertarians. Terrible enough life in the United States to bitch about this country, not terrible enough to leave and lose the benefits of living here.

You think you don't "get something" for your tax monies? You ungrateful, unpatriotic user. I suggest you move elsewhere and see what you get when you pay no taxes at all. Try a third world country. Nobody is holding you here to suffer under our oppressive moral and ethical system of social responsibility. You stay voluntarily. Oh, and we are one of the few countries where you can, indeed, come and go at will. Not to mention publicly rail with impunity against your government.

You want to blame someone regarding Social Security, blame St. Reagan, who screamed about the imminent demise of Social Security back in the 1980's, causing Congress to raise your payroll contribution from 3.1 % to 6.2%, while at the same time, declaring any income over $103,000 didn't have to pay any tax.

Yes St. Ronnie Reagan, the original "tax the poor, gift the rich" with the publics money.

Much more worthy to scream about, don't you think? The unfairness of that?

You might be interested in the Democratic party, who want to cut the payroll tax back to 3.1% for everyone, and take the cap off allowing the wealthy to not pay on monies over a certain amount. That would, you know, make Social Security solvent for ... forever ... and allow benefits to be raised for everyone, like other first world countries that care about their own.

It's strange that you have come on here repeatedly supporting your oppressors, like Rick Perry, not the people more in line with your stated political philosophies. I think you'd support a party that wanted to halve your payroll taxes. Over the people that want to take all your money, and give it to their Wall Street buddies to steal from you.

There is a similarity between "liberal" and "libertarian" that has obviously bypassed your ken.

And if you think people would have "money to burn" if they had been able to put their money into private investments, rather than have paid into social security - I will point out the obvious absurdity and proven falsehood of that statement, considering the market turns of the past 10 years, and how it took over 1/3 from many retirees and near-retirees investment accounts.