"Welfare"

#101
#101
n_huffhines said:
You're going up against the greatest economist in American history about economics. I'm not surprised you can't muster up an argument.
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If he's the greatest economist in American history all I can say is God help us, we're F'd
 
#103
#103
Vol8188 said:
Pay those who've paid in, but end that socialist **** ASAP.
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I will be fine if it stops tomorrow, but it wouldn't be fair to people who are counting on it to survive, and have paid in for 40+ years. The government will never get rid of it, but will means test it, raise the contributions, up the retirement age, reduce benefits, etc. They will have to at some point.
 
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#104
#104
1972 Grad said:
I will be fine if it stops tomorrow, but it wouldn't be fair to people who are counting on it to survive, and have paid in for 40+ years. The government will never get rid of it, but will means test it, raise the contributions, up the retirement age, reduce benefits, etc. They will have to at some point.
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I agree it wouldn't be fair but it will be another expensive reminder to the masses the the government reneges on it's promises. The government has already ruled that it's a tax and not an obligation, so they have paved the way for it.
 
#105
#105
n_huffhines said:
It's the worst kind of ponzi scheme. It forces the poor to pay for the retirement of the wealthier class.

A blue collar fella who works from 18-65 typically dies younger. So he worked 47 years and got, say, 5 years of retirement. A white collar fella more typically works 22-60 and then lives longer, so he worked 38 years and gets, say, 20 years of retirement. It's a huge transfer of wealth, and that's not even mentioning that it might not be there when I retire.

Almost everybody is on the same page about SS#, but we can't get any meaningful change.
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At 37 I've already maxed out my SS benefits in regards to how much I'll get a month.
 
#106
#106
n_huffhines said:
No it's all good. The founders "did it right".
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You realize his premise is all based on when people start to work right? He assumes "poor" people start to work when they are 16 and "rich" people start to work when they are 22. He "assumes" poor people work until they are 65 and "rich" people work until they are 60.
These assumptions are all based on working people, not the rich. I don't get what your thinking is.
 
#107
#107
VolStrom said:
You realize his premise is all based on when people start to work right? He assumes "poor" people start to work when they are 16 and "rich" people start to work when they are 22. He "assumes" poor people work until they are 65 and "rich" people work until they are 60.
These assumptions are all based on working people, not the rich. I don't get what your thinking is.
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Who said anything about "the rich"?

It's a fact of life that white collar workers typically start their careers later (after 4-7 years of school) than blue collar workers and generally retire younger and live longer, too. These are not assumptions.
 
#108
#108
n_huffhines said:
Who said anything about "the rich"?

It's a fact of life that white collar workers typically start their careers later (after 4-7 years of school) than blue collar workers and generally retire younger and live longer, too. These are not assumptions.
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People with money also drive better cars and live in better houses. They have nicer stuff.
 
#109
#109
n_huffhines said:
Who said anything about "the rich"?

It's a fact of life that white collar workers typically start their careers later (after 4-7 years of school) than blue collar workers and generally retire younger and live longer, too. These are not assumptions.
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Good quote. Is it true today? Maybe 30 years ago it was.
 
#111
#111
1972 Grad said:
This building is the only rental that I still own. It has 2 commercial rentals on the ground floor, and 4 apartments upstairs. I will probably eventually get rid of it. I am tired of the hassle.

I have kept the one commercial side empty, and hung on to it in case I want to go back to work in some kind of business. It is in a great location, but I can't think of anything that I really want to do that would make any money. I feel compelled to rent the apartments due to the property taxes and insurance.
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Could the 4 upstair units be used as commercial space. Like for microbusinesses (ins agent, massage, lawyer, etc)?
 
#113
#113
1972 Grad said:
I will be fine if it stops tomorrow, but it wouldn't be fair to people who are counting on it to survive, and have paid in for 40+ years. The government will never get rid of it, but will means test it, raise the contributions, up the retirement age, reduce benefits, etc. They will have to at some point.
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It's coming, they are already going to **** with the FERS retirement in FY18.
 
#115
#115
McDad said:
Could the 4 upstair units be used as commercial space. Like for microbusinesses (ins agent, massage, lawyer, etc)?
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Maybe. I have really good long term tenants in the others though. They are no problem at all. Plus, I am parking limited for 6 retails.
 
#119
#119
1972 Grad said:
Maybe. I have really good long term tenants in the others though. They are no problem at all. Plus, I am parking limited for 6 retails.
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Ok. I'm looking for similar. Rental rates are skyrocketing in Mid Tenn. Property values are rising accordingly. Don't wanna buy high here.
 
#124
#124
1972 Grad said:
Huff is just taking the opposite side. Huff ALWAYS takes the opposite side. He argues. It's what he does.
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At least I'm not the douche who says "life isn't fair" when the sheriff of nottingham takes from the poor and gives to the well-to-do.
 
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