Investors lose a trillion dollars in one day

[Clip-Clop]

Originally Posted by Riot

Facts matter : Social security is solvent at 100% of payouts to 2037, and after that can pay out of 78% of current benefits if we do nothing at all.

If you are worried, then why are you supporting the political party that is tearing Social Security apart? Why don't you support the political party that wants to do the usual tweeks we do every few years to Social Security, to keep it the reliable, 100% successful retirement safety net it has always been? One of the most successful programs in the world.

FYI I support no political party or politician, frankly I would like to see the whole thing taken down and started over from scratched based entirely on some well written and well thought out guidelines.

I wonder if such a document exists...

[Riot]

Originally Posted by Clip-Clop

FYI I support no political party or politician, frankly I would like to see the whole thing taken down and started over from scratched based entirely on some well written and well thought out guidelines.

I wonder if such a document exists...

Yes, it's the Constitution, where one of the first and most important tenents is that our government has the power to tax for the common good of us all. Like ensuring our elderly no longer die in poverty, without health care, on the streets like they used to before we decided to make Social Security and Medicare as safety nets.

Don't forget - those programs came out of need.

[Clip-Clop]

Originally Posted by Riot

Yes, it's the Constitution, where one of the first and most important tenents is that our government has the power to tax for the common good of us all. Like ensuring our elderly no longer die in poverty, without health care, on the streets like they used to before we decided to make Social Security and Medicare as safety nets.

Don't forget - those programs came out of need.

The Great Depression is over. The day the federal government entered the charity business was the first step down a very slippery slope.
Call me callous but there are privately run charities, church run charities and families who take care of their own. My mother in law runs one for the elderly, private donations pay for it. People donate ("wealthy" people like my wife and I) to pay for the services that are provided. Nobody needs the fed telling us what to do with our money. Grow up.

[Riot]

Originally Posted by Clip-Clop

The Great Depression is over. The day the federal government entered the charity business was the first step down a very slippery slope.

Social Security and Medicare are not charities. They are not "giveaways". We all contribute during our lives, and we all benefit.

Call me callous but there are privately run charities, church run charities and families who take care of their own.

Yeah, well that didn't work so well in the past, resulting in seniors starving and dying due to lack of health care and a stipend in their old age. Being a caring, charitable Christian country, who worries about our poor and our elderly, we decided that we would all contribute a bit, so all of us would have a fall-back insurance safety in our old age.

People donate ("wealthy" people like my wife and I) to pay for the services that are provided. Nobody needs the fed telling us what to do with our money. Grow up.

Get out. You don't like the way this country was created, and what our American values are as a society, and you don't want to contribute, but want to take all the benefits - move elsewhere.

Try creating Galt's Gulch, and see how long you last.

[Antitrust32]

Originally Posted by Clip-Clop

I am 36, have paid over 100K in my 20 years of working and paying taxes. Do you think that solvent through 2037 means anything at all to me?
It means I get to continue paying for another 26 years (est 150K) and get nothing for it.
Stop with the 2037 already. Find a new rationale.

exactly, Riot acts like 2037 is the distant future. its right around the freaking corner! it affects basically everyone under the age of 40. to believe its "okay" is one of the most selfish things i've ever heard.

Yeah, lets just throw all the burden on the younger generations. who gives a rats ass about them as long as I get mine.

[Riot]

Originally Posted by Antitrust32

exactly, Riot acts like 2037 is the distant future. its right around the freaking corner! it affects basically everyone under the age of 40. to believe its "okay" is one of the most selfish things i've ever heard.

It's not "selfish", that's just a ridiculous unwarranted personal attack by you against me.

It's just the measurable facts. The financial facts are what they are, and your snark doesn't change them.

You guys are worried about social security, yet you support the party trying to tear it apart and make it go away. It's astounding, to watch you not support your own best interests.

Social Security will be there for you well after 2037. If you want 100% of the benefits given out now, rather than 78%, it just needs a few tweeks. That's what we have done for the past many, many decades. Everyone pays into the system,and it's a safety net for the old. The most successful in the world, with 100% payouts. We've tweeked it many times before, and we will again, as populations change.

The Republicans have been screaming "the sky is falling!" in an attempt to privatize social security since Reagan. That's false.

[Antitrust32]

Originally Posted by Riot

It's not "selfish", that's just a ridiculous unwarranted personal attack by you against me.

It's just the measurable facts.

You guys are worried about social security, yet you support the party trying to tear it apart and make it go away. It's astounding.

I do want it to go away. I'd be better off taking that 6-12% of my paycheck and putting the money in a fire proof safe than I do with Social Security.

[Riot]

Originally Posted by Antitrust32

I do want it to go away. I'd be better off taking that 6-12% of my paycheck and putting the money in a fire proof safe than I do with Social Security.

Actually, no. You wouldn't get the same return at all.

[Antitrust32]

Originally Posted by Riot

Actually, no. You wouldn't get the same return at all.

I'd be a hell of a lot better off. especially considering I would only be getting 78% or whatever. Plus 12% is a ton if you work for yourself, which I plan on, in my career.

simple math

[joeydb]

Originally Posted by Antitrust32

I do want it to go away. I'd be better off taking that 6-12% of my paycheck and putting the money in a fire proof safe than I do with Social Security.

Hell - in this market, just buy gold with it until things (eventually) settle down.

And it's about 16%. 8% from you, 8% "from your employer" (which is still from you).

You know - if you had a $100k job, you'd be left with $92k paid to you less other taxes, but the cost of employing was $108k and without those taxes and SS, you'd have it all - makes no difference to your boss who gets the money.

[Clip-Clop]

Originally Posted by Riot

It's not "selfish", that's just a ridiculous unwarranted personal attack by you against me.

It's just the measurable facts. The financial facts are what they are, and your snark doesn't change them.

You guys are worried about social security, yet you support the party trying to tear it apart and make it go away. It's astounding, to watch you not support your own best interests.

Social Security will be there for you well after 2037. If you want 100% of the benefits given out now, rather than 78%, it just needs a few tweeks. That's what we have done for the past many, many decades. Everyone pays into the system,and it's a safety net for the old. The most successful in the world, with 100% payouts. We've tweeked it many times before, and we will again, as populations change.

The Republicans have been screaming "the sky is falling!" in an attempt to privatize social security since Reagan. That's false.

Unlike the majority of Americans, I am an adult and do not need to be told what my best interests are. I can decide that for myself and am 100% willing to deal with the consequences of my decisions.

It sounds crazy I know but that is the basic theory of being an adult.