Investors lose a trillion dollars in one day

Antitrust32 · #1 08-09-2011, 11:25 AM

Quote:

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 · #2 08-09-2011, 11:27 AM

Quote:

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 · #3 08-09-2011, 11:33 AM

Quote:

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 · #4 08-09-2011, 11:29 AM

Quote:

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.