Thoughts on Social Security

#26
#26
VolsNSkinsFan said:
I am in the same boat. The money should go into a seperate account where you can get a statement and see your $$ (maybe even possibly growing). If you have a certain amount of assets when you retire, then your account is "adjusted". Nothing might be a bit extreme, but some people should get nothing, and some should get a reduced amount, while the majority should get it all. If you die before your 60's, that $$ should be rolled into your heirs IRA and can only be used for things like purcahse of 1st home, School, and major health expenses

But for the Govt to send Warren Buffet a $1000 check every month is stupid
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You'd be surpised how little WB actually makes in personal income each year.
 
#27
#27
sjt18 said:
I had another thought. How about exchanging a person's "personal" SSI fund into negotiable US bonds over a period of time? Or better yet, create a "land note" and progressively exchanging the promisary notes in SSI for gov't land holdings in the west? The gov't could offer the land well below market value and come out fine. The recipient would get an investment that will appreciate and in the case of grazing lands and timber... a residual income.
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I've thought about this idea for about 2-3 hours. I like it.

But there would only be about 2.5 acres of Federal land available for every man woman and child. You would have to break up the parcels into large enough lots to at least make it attractive for someone to consider. And by doing that, you limit the number of people that would be able to take advantage of it. So my question would be then, who would you limit the parcels to? Would you offer it to people that have no need for the SSI benefits because they are already set with other investments for retirement? I can see that one being played on the class envy/rich getting richer angle. Would you give it to younger workers who have paid little into the system? Or would you give the option to those in the middle who are far enough away from retirement to where they can still prepare for retirement, but have already dumped 20-25 years into SS?
 
#29
#29
VolsNSkinsFan said:
Okay? So u think buffet needs or deserves the grand a month from the US Treasury? I'm sure he won't miss it
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I personally don't believe there should be SS period. My comment earlier was only that it's unfair to take the money and then just say nothing is there. If they wanted to cap the age right now at 45 say everyone that is in 45 or older gets to stay in and everyone under 45 gets a full refund off all money paid in to go invest or just blow then I'm all for it. People need to start living in their means and saving for the future. You can afford to buy a 250L home but can't afford to save then buy the 200K home and take the extra 500 a month and put it towards your retirement. Half my future ( I'm building now) neighbors are in foreclosure. Half. I'm not kidding. When I went to borrow the bank said I could afford 3 times the house I actually buying and now was the time to do it with rates so low. I said what the hell do I need with that much house? I'll take my money and save it. people need to stop living at the breaking point.
 
#30
#30
orutvol said:
The retirement age has steadily increased throughout the years. Social Security actually has a table that shows what age is full retirement based on what year you were born.
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In my grandparents day 50% of the children died by the age of five, that is one reason the average age of death has progressed so much.

Then too there has been many who died in the prime of life due to wars but casualties are far less these days.

As a matter of fact people don't live nearly as often to very advanced age these days.




Rasputin_Vol said:
I've thought about this idea for about 2-3 hours. I like it.

But there would only be about 2.5 acres of Federal land available for every man woman and child. You would have to break up the parcels into large enough lots to at least make it attractive for someone to consider. And by doing that, you limit the number of people that would be able to take advantage of it. So my question would be then, who would you limit the parcels to? Would you offer it to people that have no need for the SSI benefits because they are already set with other investments for retirement? I can see that one being played on the class envy/rich getting richer angle. Would you give it to younger workers who have paid little into the system? Or would you give the option to those in the middle who are far enough away from retirement to where they can still prepare for retirement, but have already dumped 20-25 years into SS?
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But people don't want to buy into the pioneer spirit these days and then you have the example of the Klamath Vallley where veterans of WWI and WWII were guaranteed irrigation water forever but then we told them to go eff themselves and are tearing down the dams and all the money and effort they put into building canals and water pipes at their own expense can just go straight to hell.
 
#31
#31
NEOCON said:
I personally don't believe there should be SS period. My comment earlier was only that it's unfair to take the money and then just say nothing is there. If they wanted to cap the age right now at 45 say everyone that is in 45 or older gets to stay in and everyone under 45 gets a full refund off all money paid in to go invest or just blow then I'm all for it. People need to start living in their means and saving for the future. You can afford to buy a 250L home but can't afford to save then buy the 200K home and take the extra 500 a month and put it towards your retirement. Half my future ( I'm building now) neighbors are in foreclosure. Half. I'm not kidding. When I went to borrow the bank said I could afford 3 times the house I actually buying and now was the time to do it with rates so low. I said what the hell do I need with that much house? I'll take my money and save it. people need to stop living at the breaking point.
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I have no pity for people that overspend on cars (mercedes vs camry), homes, and "toys" (boats, motorcycles, jet skis, etc), only to complain later about not being able to make ends meet.
 
#32
#32
The following from an obamabot who has seen the light:

Obama To The Next Generation: Screw You, Suckers - The Daily Dish | By Andrew Sullivan

They have to lead, because this president is too weak, too cautious, too beholden to politics over policy to lead. In this budget, in his refusal to do anything concrete to tackle the looming entitlement debt, in his failure to address the generational injustice, in his blithe indifference to the increasing danger of default, he has betrayed those of us who took him to be a serious president prepared to put the good of the country before his short term political interests. Like his State of the Union, this budget is good short term politics but such a massive pile of fiscal bull**** it makes it perfectly clear that Obama is kicking this vital issue down the road.

To all those under 30 who worked so hard to get this man elected, know this:
he just screwed you over.

He thinks you're fools.

Either the US will go into default because of Obama's cowardice, or you will be paying far far more for far far less because this president has no courage when it counts. He let you down. On the critical issue of America's fiscal crisis, he represents no hope and no change. Just the same old Washington politics he once promised to end.
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This is one of the downsides of living in a democratic republic, the young are accorded a vote equal to those who have lived far longer and are far wiser.
 
#33
#33
VolsNSkinsFan said:
Okay? So u think buffet needs or deserves the grand a month from the US Treasury? I'm sure he won't miss it
Posted via VolNation Mobile
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Doesn't matter. He paid into it like everyone else.

So a Bank should not pay interest on a rich man's account because he does not need it?
 
#34
#34
If you pay it in all your life who else deserves it but you? In any other form it's stealing. Who cares if Buffet makes x amount a month. If the guy pays it in he deserves to get it back.
 
#36
#36
droski said:
he payed into nothing. he payed taxes. he doesn't deserve squat.
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I think that most people believe that social security payments are going into a savings account with their name on it. That seems evident by some of the comments in this thread.
 
#37
#37
Arclight said:
"every person working in this country has been paying into it"

1. Not true! (a lot of people have pension programs)
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What exactly did you mean by this? Everybody that isn't taking cash payments under the table and not reporting those payments as income on their income taxes as required by law are paying social security.
 
#39
#39
sjt18 said:
I have been paying for several years. My personal income has avg'd well above the median American income so I have paid quite a bit more than most. So what you are saying is that I should get nothing, right?

FTR, that IS my expectation.
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...and that's a healthy way to look at it unless you're close to retirement age. Consider all that money gone, and be pleasantly surprised if you get any of it back when you retire.

At present, the problems with Social Security and Medicare are solvable. However, since both parties are too gutless to even approach the subject, the options continue to dwindle.
 
#45
#45
overseasorange2 said:
I have paid into "The System" for over thirty years, I don't care if I am stinking rich, I will take the money as soon as I can...at 62. Sorry if you don't like it....not really:)
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don't apologize to me you should be apologizing to future generations of your family. They are the ones who will pay
 
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