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post #1 of 22 (permalink) Old 08-07-2008, 03:55 PM
thenightmare
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Social Security

ok so a bunch of people are whining that we wont have social security when we retire. too many old farts are taking them out right now. my opinion and theory is something that people dont realize. when our generation is old enough to retire, the old people will have died. where does that money go? back to the government or to our parents or even us in wills. the money isn't disappearing it's just going away for a while. it'll be back i promise .
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post #2 of 22 (permalink) Old 08-07-2008, 04:19 PM
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Huh?

A lot of people leave nothing when they die. If you are one of the people for which Social Security is a primary source of income, this will be a problem. I plan on not being one of them, but it is definitely not something that is recovered in the "till" when someone dies.
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post #3 of 22 (permalink) Old 08-07-2008, 05:09 PM
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Originally Posted by killclimbz View Post
Huh?

A lot of people leave nothing when they die. If you are one of the people for which Social Security is a primary source of income, this will be a problem. I plan on not being one of them, but it is definitely not something that is recovered in the "till" when someone dies.
the money IS GOING TO go back into circulation. that's what i'm getting at. the economy will boost itself it always does
post #4 of 22 (permalink) Old 08-07-2008, 05:17 PM
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But it is not going back into the Social Security "till" so to speak. That's the problem. That's all good if you don't need it, but it's going to really suck if you do.
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post #5 of 22 (permalink) Old 08-08-2008, 05:29 AM
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the presumption that the economy 'just always recovers' is based on ignorance mr nightmare. in this instance, the 'recovery' will arise by you not getting any social security! the solution you presume to see, comes from the problem you are complaining about!

the situation is, that due to healthier lifestyles and better medicine, people are living for longer. those who draw pension social security can only do so, due to the pension fund which has been set aside for them.

if everybody lives longer, then they take more, which means there will be none left for you. the money being spent today was probably first added to the fund in the 1920s!

the resolution to this problem is to tax you more, to add more to the pension fund. one way to do this, is to increase the age until which you are allowed to draw a social security cheque. it used to be that men could retire at 60. by the time i am a crusty old fekker, it will be closer to 80.

i get to pay tax into the fund for longer, whilst increasing my chances of dying before i am allowed to withdraw from it. it is a strategy of double effect.

Just coz you don't understand it
Doesn't mean it makes no sense!
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post #6 of 22 (permalink) Old 08-08-2008, 07:27 AM
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Quote:
Originally Posted by thenightmare View Post
the money IS GOING TO go back into circulation. that's what i'm getting at. the economy will boost itself it always does
i dont understand where youre getting this from?
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post #7 of 22 (permalink) Old 08-09-2008, 08:03 PM
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Originally Posted by mpdsnowman View Post
We pay 10k for a coffee pot in govt..they have enough money and ways to keep ss going.
I wish I could share your optimistic view here. To me a coffee pot on the books for 10k is more indicative of a government that needs to hide its own corruption or incompetence in places they hope nobody will look.

Social Security is just one of many ways this country could get itself into big trouble if we don't straighten up our act, and that's probably not going to happen without some new thinking about how taxes are collected and what that money gets spent on. And of course this is taking place in a time when any politician who proposes a plan that will raise taxes on anyone at all is immediately demonized as if the way to strong financial programs and paying off trillion dollar war tabs is more deficit spending.
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post #8 of 22 (permalink) Old 08-11-2008, 04:56 AM
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We pay 10k for a coffee pot in govt..they have enough money and ways to keep ss going.
i was gonna ask 'hows that deficit working out for ya?'

strange, '10 grand for a coffee pot' and yet..,.

Quote:
One in six children lives in poverty in America.
Official Site - Save the Children: Helping Children in Poverty and Children in Need

interesting priorities for a global leader in all things...?

Just coz you don't understand it
Doesn't mean it makes no sense!
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post #9 of 22 (permalink) Old 08-14-2008, 04:55 AM
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MPD - i am surprised that even you would derive humour from a subject regarding the impoverished state of children. i am not surprised however, that you seek to dismiss this issue as being the responsibility of someone else.

point is, you claim that $10k can be spent on a teapot, but baulk at even acknowledging the collective responsibility that a vast number of children cannot read due to having no eye glasses, have no immunisations against disease, no health care plan and inadequate diets in your own 'super power' nation.

the link contained all that i wanted to show; and you saw all that you wanted to see. however, let's see how your efforts in delusion try to disregard the following; (Considering your wilfull blindness, i refrain from extracting to copy and paste; you can go fetch if so inclined.):

Poverty 2006 Highlights

BBC NEWS | World | US high in UN child poverty table

Just coz you don't understand it
Doesn't mean it makes no sense!
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post #10 of 22 (permalink) Old 08-19-2008, 12:45 AM
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Screw social security... thats the solution.

What is social security anyways but a mere cycle of pooling and redistribution of the same money. Now where, might I ask, is the logic in giving your money to the federal government in *hopes* that one day when your an old fart you will get some, hopefully all, of it back? Why not take the whole "federal government middle-man" of this social security issue out of the picture and save your own damn earnings in your own bank account to use when you wish to retire?

The generation of yesterday is paying for tomorrow's generation of old farts who are in need of Social Security. That's the problem. Our economy and the flow of money has been so distorted and screwed up in the past few decades that when youngsters give money to SS, they are NOT putting it into a pool for their use later on down the road... they are paying for the elderly's social security needs. If this continues, which it most certainly will unless we fix this mess, when we are all old and decrepit our hard earned and saved money that we trusted the federal government to willfully give back to us will have been spent on useless spending and eliminating the financial deficit we have dug ourselves into. In essence, we will be relying on the workers of tomorrow to pay for our future well-being... instead of worrying about our own well-being.

Unless we can quit spending infinite amounts of money on endless wars, hundreds of thousands of US troops in countless conflict-free foreign countries, and whatever else our government wastes money on (all with fake monopoly money might I add), this problem will never be solved.

Silence is Betrayal.
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