Social Security - your thoughts?

#626
#626
EasternVol said:
Nobody bought into it since it's not voluntary.
Click to expand...
I don't see him pushing to make changes. I haven't seen him support anyone or anything that would actively reduce it.

he is like too many victims of abuse. he begins to make excuses for it, apologizing and explaining why it needed to happen. paving the way for it to happen to someone else. all the while saying it was bad when it happened to him, but somehow its ok when it happens to someone else if it means his suffering stops.
 
#627
#627
I don’t blame younger people on being pissed about forced participation into a federal pension system they won’t get the promised benefits out of. But being pissed at boomers is misguided as far as I’m concerned. We didn’t have a choice either. And now that we’re at benefits payout age I intend to take every damn penny that the program pays out. I kept my end of the bargain now the government can keep theirs. If they somehow magically nut up and make benefits changes which affect my payout so be it. I’ll still expect every damn penny to be paid to me that the modified payout schedule would then show.

Nobody had a say on participation. If people need to be pissed at someone be pissed at the damn government
 
  • Like
Reactions: Vol since 77, Delmar, sonofUT62 and 3 others
#628
#628
NorthDallas40 said:
I don’t blame younger people on being pissed about forced participation into a federal pension system they won’t get the promised benefits out of. But being pissed at boomers is misguided as far as I’m concerned. We didn’t have a choice either. And now that we’re at benefits payout age I intend to take every damn penny that the program pays out. I kept my end of the bargain now the government can keep theirs. If they somehow magically nut up and make benefits changes which affect my payout so be it. I’ll still expect every damn penny to he paid to me that the modified payout schedule would then show.

Nobody had a say on participation. If people need to be pissed at someone be pissed at the damn government
Click to expand...
government funded means what in reality? tax payer funded.

the government isn't paying you back yours. the government is paying you mine. I will just have to pay more than you did, and see less than you will. its not the same.

SS is just another welfare wealth redistribution system, congrats on being socialist.

you have the same choice anyone in our nation had, voting. but yall never could be bothered to actually vote for your actual beliefs. instead you would rather just vote for who the party gave you. trusting the party to take care you rather than being serious about the nation or your beliefs. and now you want the next generation to pay for yours.
 
  • Like
Reactions: tbh
#629
#629
LouderVol said:
government funded means what in reality? tax payer funded.

the government isn't paying you back yours. the government is paying you mine. I will just have to pay more than you did, and see less than you will. its not the same.

SS is just another welfare wealth redistribution system, congrats on being socialist.

you have the same choice anyone in our nation had, voting. but yall never could be bothered to actually vote for your actual beliefs. instead you would rather just vote for who the party gave you. trusting the party to take care you rather than being serious about the nation or your beliefs. and now you want the next generation to pay for yours.
Click to expand...
get back to work so you can get us paid..snap snap

1752526187203.gif
 
  • Like
Reactions: StarRaider
#630
#630
LouderVol said:
government funded means what in reality? tax payer funded.

the government isn't paying you back yours. the government is paying you mine. I will just have to pay more than you did, and see less than you will. its not the same.

SS is just another welfare wealth redistribution system, congrats on being socialist.

you have the same choice anyone in our nation had, voting. but yall never could be bothered to actually vote for your actual beliefs. instead you would rather just vote for who the party gave you. trusting the party to take care you rather than being serious about the nation or your beliefs. and now you want the next generation to pay for yours.
Click to expand...
Best put that broad brush away Louder. I am for fixing the system right now. Yes the government’s money is taxpayer money but in this case, the way its supposed to be set up anyway, the funds were taken from me over decades and then are to be paid back to me based on my pay in schedule. It isn’t the same payout model of the general fund. And I’ve never cast a vote based on SS reform that I can think of as I can’t remember a single candidate in the general that featured it as a plank in their platform. NOBODY will touch it because it’s political suicide. All I’m saying is let’s fix it today. Right now. But whatever the fixed payout schedule looks like I expect every damn penny. It’s pretty damn disingenuous to expect anybody that was forced to contribute into something for decades to just walk away has shrug when they reach the payback point.
 
#631
#631
NorthDallas40 said:
I don’t blame younger people on being pissed about forced participation into a federal pension system they won’t get the promised benefits out of. But being pissed at boomers is misguided as far as I’m concerned. We didn’t have a choice either. And now that we’re at benefits payout age I intend to take every damn penny that the program pays out. I kept my end of the bargain now the government can keep theirs. If they somehow magically nut up and make benefits changes which affect my payout so be it. I’ll still expect every damn penny to be paid to me that the modified payout schedule would then show.

Nobody had a say on participation. If people need to be pissed at someone be pissed at the damn government
Click to expand...


There is a limit -- I would submit a VERY low limit -- to "benefit changes" that people will accept. As you put it, you paid in, you will get the benefit you paid for. If you start talking about anything which even remotely will curtail benefits for people (I'm talking more than a percent or fraction thereof) you can kiss your political azz good bye.
 
#632
#632
I’ve said it many times. SS is a social welfare program disguised as a defined benefits pension plan. The government can’t call it a social welfare program while taxing the first $176,100 of salary at 6.2% (x2) and taxing salary over that amount at a 0.00% rate. It is as regressive of a tax as there could possibly be. But when 50% of the people are paying zero federal income taxes, maybe requiring those employees to kick in 6.2% with no loopholes isn’t a bad idea.

It’s not going to magically become a defined contribution plan either. It is a social welfare program. If it isn’t a social welfare program, why are disability benefits included in the program?
 
  • Like
Reactions: norrislakevol and SpaceCoastVol
#633
#633
lawgator1 said:
There is a limit -- I would submit a VERY low limit -- to "benefit changes" that people will accept. As you put it, you paid in, you will get the benefit you paid for. If you start talking about anything which even remotely will curtail benefits for people (I'm talking more than a percent or fraction thereof) you can kiss your political azz good bye.
Click to expand...
Entitlements are dumb. Please learn
 
  • Like
Reactions: norrislakevol
#634
#634
LouderVol said:
you mean this part? where you aren't just for maintaining the admitted bad status quo, you want to double down, just to get yours.
Click to expand...
Yep. The government took. Now it's time for them to pay it back. I didn't care how they get it.

But the good news is is that I won't apply for another 5 years.
 
#636
#636
BigOrangeMojo said:
SS is the biggest wealth redistribution tool in the history of the universe. Lower incomes have outsized ROIs on their contributions solely because middle and upper income have below market (or negative) ROIs....
Click to expand...
I was just coming back to post this. Its payout schedule is regressive. The more you pay in the less you get back.
 
#638
#638
BigOrangeMojo said:
I'll have to live to mid/late 80s to get back to breakeven....
Click to expand...
Oof I haven’t looked at it in that level of detail. It would just piss me off anyway. But the math is posted on the SS.gov webpage and I made an Excel spreadsheet of their payout method. They implement a piecewise linear payout schedule with each segment shallower than the prior one. When I plotted the break points I had an epiphany on just how big a wealth redistribution scheme it was and it really pissed me off.
 
  • Like
Reactions: BernardKingGOAT
#639
#639
NorthDallas40 said:
Oof I haven’t looked at it in that level of detail. It would just piss me off anyway. But the math is posted on the SS.gov webpage and I made an Excel spreadsheet of their payout method. They implement a piecewise linear payout schedule with each segment shallower than the prior one. When I plotted the break points I had an epiphany on just how big a wealth redistribution scheme it was and it really pissed me off.
Click to expand...

I have to live past 120 to get a ROI that exceeds inflation after taxes***....

***(Pre OBBB tax law)

2% inlation. 22% tax bracket at retirement were estimates used for this analysis
 
#640
#640
SS is a effing joke. I am 46, and can't count on seeing a dime from it....ever. I also know that had the same amount of money that has been taken from me been placed into the stock market that I would end up with twice the money to retire on....but then they couldn't put immigrants on it, ect....you know, people who haven't paid a dime into it. Stupid people will make this argument: "But what if the market collapses and doesn't come back?" Here's your answer to that question stupid: Then we are all screwed...government leaches, as well as the rest.
 
  • Like
Reactions: tbh and SpaceCoastVol
#643
#643
norrislakevol said:
SS is a effing joke. I am 46, and can't count on seeing a dime from it....ever. I also know that had the same amount of money that has been taken from me been placed into the stock market that I would end up with twice the money to retire on....but then they couldn't put immigrants on it, ect....you know, people who haven't paid a dime into it. Stupid people will make this argument: "But what if the market collapses and doesn't come back?" Here's your answer to that question stupid: Then we are all screwed...government leaches, as well as the rest.
Click to expand...

Your worst case scenario is that the benefits will only be funded by current collections from employees and employers each year. Probably a 30% reduction. But the shortfalls will be funded by using the general tax revenues or by pushing out the full retirement age out from 67 to 68, 69, or 70. Or most likely the 6.2% will be bumped up to around 7%.

In regards to having put the money taken from you into the stock market, it’s not a defined contribution plan. You have to use your 401(k) for that. And as I said, SS really isn’t even a defined benefits plan. It’s a welfare program disguised as a retirement benefit.
 
#644
#644
Thunder Good-Oil said:
Your worst case scenario is that the benefits will only be funded by current collections from employees and employers each year. Probably a 30% reduction. But the shortfalls will be funded by using the general tax revenues or by pushing out the full retirement age out from 67 to 68, 69, or 70. Or most likely the 6.2% will be bumped up to around 7%.

In regards to having put the money taken from you into the stock market, it’s not a defined contribution plan. You have to use your 401(k) for that. And as I said, SS really isn’t even a defined benefits plan. It’s a welfare program disguised as a retirement benefit.
Click to expand...
Correct, I am just saying that what I am taxed for SS would be better off in the general market, and if the stock market collapses, and doesn't come back (because it always has after every drop), then we are in big, big trouble....even the federal government and all their programs.
 
#645
#645
norrislakevol said:
SS is a effing joke. I am 46, and can't count on seeing a dime from it....ever. I also know that had the same amount of money that has been taken from me been placed into the stock market that I would end up with twice the money to retire on....but then they couldn't put immigrants on it, ect....you know, people who haven't paid a dime into it. Stupid people will make this argument: "But what if the market collapses and doesn't come back?" Here's your answer to that question stupid: Then we are all screwed...government leaches, as well as the rest.
Click to expand...
SS will never go away. The Feds will never bite that bitter pill it will always be the first thing paid out of the Fed revenue. You may very will get a haircut but it will never go away. That would be the straw the breaks the back on civil order
 
#646
#646
norrislakevol said:
Correct, I am just saying that what I am taxed for SS would be better off in the general market, and if the stock market collapses, and doesn't come back (because it always has after every drop), then we are in big, big trouble....even the federal government and all their programs.
Click to expand...

The inter agency borrowing from the trust fund at “market” interest rates sure isn’t contributing much revenue to the SS program. But that goes away soon anyway with the trust fund balance down to it’s last 2 or 3 trillion.
 
#647
#647
BigOrangeMojo said:
My ultra MAGA ass gonna enjoy using the hell out of those "loopholes"...
Click to expand...
When it comes to SS I don’t care of if I hit the lottery tomorrow and never need a penny of it. I’d take the total monthly payment out of the bank each month in 10 dollar bills and pile them by my toilet and wipe my ass with them then flush them. I had to pay in I didn’t have a choice. So now they’re gonna pay me back.
 
  • Like
Reactions: rekinhavoc
#648
#648
NorthDallas40 said:
SS will never go away. The Feds will never bite that bitter pill it will always be the first thing paid out of the Fed revenue. You may very will get a haircut but it will never go away. That would be the straw the breaks the back on civil order
Click to expand...
But I could have more money if what was taken from me was actually invested.
 
  • Like
Reactions: Vol since 77 and rekinhavoc
#650
#650
NorthDallas40 said:
When it comes to SS I don’t care of if I hit the lottery tomorrow and never need a penny of it. I’d take the total monthly payment out of the bank each month in 10 dollar bills and pile them by my toilet and wipe my ass with them then flush them. I had to pay in I didn’t have a choice. So now they’re gonna pay me back.
Click to expand...

Piss it away. It's your money.
 
  • Like
Reactions: NorthDallas40
New posts
You must log in or register to reply here.

VN Store



Back
Top