User Panel
Posted: 3/27/2015 10:37:42 AM EDT
Pro: Social security ponzi scheme is shut down and the country is better off
Con: You won't receive anything you paid into it |
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I'm not likely to ever see anything I paid in anyway, so I'd rather shut it down and quit paying that social security tax.
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Not possible. It could be tapered off, which fucks everyone. That is the most "fair" and reasonable way to end it, but that will never happen because "I wants mine!"
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No, my Dad paid a LOT of money into SS and deserves to recoup at least some of that. It's a bad program but just canceling the whole thing benefits the young guys by screwing the old guys. We (woefully) got into this mess as a nation and I'd rather see us get out as a nation.
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Why can't you have a middle ground. Keep it as is but have the ability to opt out or cut it off for people born after a certain date to honor the commitment to those who have been paying in all these years or give people to start diverting their remaining payments into private accounts....
I'm for making it go away but too many americans have it figured into their financial stability to quit it cold turkey.... |
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I don't care if I see dime but I'd be open to other solutions as well to fix it. My biggest complaints are that the program compells the government to increase spending since the funds must be invested in government debt by law and that the retirement age doesn't adjust with reality. I also think it should be voluntary.
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If I could keep the "contribution." Problem is, politicians never give it back. They will find another way to keep the same amount or even more.... |
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I have paid in $204,000 so far.... how much of that has congress stolen by buying T bills with it and giving it to junkies, cause they are disabled?
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SS needs to be shut down, but I think it would be best to slowly phase it out.
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I've been paying into it for nearly forty years. Sure, shut it down - give me a few years where I actually get to keep my money and pump it into my own retirement plan. But pay me the fuck back everything I've paid in, at whatever interest would be reasonable. Otherwise, you're just stealing from me. And doing it openly and unapologetically at that.
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A wise man would calculate the net present value of his future benefits before casting a vote. That NPV represents what you'd have to pony up out of pocket to replace the forfeit benefits.
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Quoted:
I'm not likely to ever see anything I paid in anyway, so I'd rather shut it down and quit paying that social security tax. View Quote What on earth makes you think that you would get out of paying the tax? The politicians would rename it (how about a "health care tax") or add it to the income tax. |
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A wise man would calculate the net present value of his future benefits before casting a vote. That NPV represents what you'd have to pony up out of pocket to replace the forfeit benefits. View Quote A principled man would oppose it whether it was the best financial decision or not. ETA. Not saying you aren't principled. Just that I'm against it for reasons other than financial ones. |
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Maybe if I was still in my youth but I'm +/- 2 years from being able to draw out of it so I plan on at least getting my contributions back. It is a Ponzi scheme as set up right now and any real reforms will hurt some group. At some point the political decision will have to be made as to which group gets screwed.
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No. It could be fixed easily and is an important program.
I believe it was set up as an insurance policy for widows as women outlive men. Raise the age and cut the bullshit. |
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I've been paying into it for nearly forty years. Sure, shut it down - give me a few years where I actually get to keep my money and pump it into my own retirement plan. But pay me the fuck back everything I've paid in, at whatever interest would be reasonable. Otherwise, you're just stealing from me. And doing it openly and unapologetically at that. View Quote Serious question- How would they pay you back? The money you paid in was gone as soon as it hit the bank. They spent it to pay older benificiaries. There is no money. It is gone. It is the nature of a ponzi scheme. So, yes...you were stolen from. Now what? |
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I would support locking it down and continue to pay those over 40 years old until they die, but everyone under 40 is off the future roles and pays a much reduced amount.
Those that are never enrolled don't pay, (unborn to under 18) BUT! that'll never happen. Were are going to set this baby's auto pilot from 38,000 feet to 100 feet and ride this thing all the way in to France. |
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No. It could be fixed easily and is an important program. I believe it was set up as an insurance policy for widows as women outlive men. Raise the age and cut the bullshit. View Quote People should plan for their own retirements. I don't want to give the .gov control over my retirement funds. |
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who needs SS when Obungo has given us infinite wealth through welfare, food stamps and obama phones
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Imagine what could be accomplished if all of the time and energy spent tilting at the SS windmill was spent going after an aspect of gun control, like Hughes or the 1968 import restrictions...
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Soon, very soon. https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcR3plc8Uxi8jrX6Vdl5EQzmUPFfhvVgKXLSlWAc3-GQisnLqPH6 http://inapcache.boston.com/universal/site_graphics/blogs/bigpicture/london_riots/bp1.jpg View Quote View All Quotes View All Quotes Quoted:
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I've been paying into it for nearly forty years. Sure, shut it down - give me a few years where I actually get to keep my money and pump it into my own retirement plan. But pay me the fuck back everything I've paid in, at whatever interest would be reasonable. Otherwise, you're just stealing from me. And doing it openly and unapologetically at that. Serious question- How would they pay you back? The money you paid in was gone as soon as it hit the bank. They spent it to pay older benificiaries. There is no money. It is gone. It is the nature of a ponzi scheme. So, yes...you were stolen from. Now what? Soon, very soon. https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcR3plc8Uxi8jrX6Vdl5EQzmUPFfhvVgKXLSlWAc3-GQisnLqPH6 http://inapcache.boston.com/universal/site_graphics/blogs/bigpicture/london_riots/bp1.jpg Burn this bitch down! |
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No, my Dad paid a LOT of money into SS and deserves to recoup at least some of that. It's a bad program but just canceling the whole thing benefits the young guys by screwing the old guys. We (woefully) got into this mess as a nation and I'd rather see us get out as a nation. View Quote There is no way to end it without someone getting screwed. There is no way to continue without someone getting screwed. Either way, some folks are getting screwed. The only difference between the two options is that the longer this program exists the longer and more painful the screwing will be with each option. We need to kill it. I've been paying in for almost 2 decades. I'm willing to cut my losses and share in the screwing because I know if I don't it will only get worse. |
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No. It could be fixed easily and is an important program. I believe it was set up as an insurance policy for widows as women outlive men. Raise the age and cut the bullshit. View Quote [can't tell if serious gif] http://www.amazon.com/Rooseveltcare-Social-Security-Sabotaging-Self-Reliance/dp/0979466172 |
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No but I would support kicking everyone off that never paid a dime into it.
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Quoted:
No, my Dad paid a LOT of money into SS and deserves to recoup at least some of that. It's a bad program but just canceling the whole thing benefits the young guys by screwing the old guys. We (woefully) got into this mess as a nation and I'd rather see us get out as a nation. View Quote This, the young don't care they have invested little, screw the older guys who have paid in 100's of thousands. Just in the last 20 yrs I myself have paid in over 250k. Wanna shut it down fine. Give me what I paid in and close the books. |
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I've been paying into it for nearly forty years. Sure, shut it down - give me a few years where I actually get to keep my money and pump it into my own retirement plan. But pay me the fuck back everything I've paid in, at whatever interest would be reasonable. Otherwise, you're just stealing from me. And doing it openly and unapologetically at that. View Quote No, the money you put it is to pay off the debt from the previous generation. YOU are stealing from ME to justify what was taken from you before I was even born. If it continues, I will be stealing from my kid and his generation. I am not a thief. Shut that shit down! |
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I didn't "pay into" anything.
I paid a tax. I'd rather stop paying that tax, and save my own money in ways I see fit. The fact that others fail to prepare isn't my fucking problem, and when "they" decide the rich need to pay their fair share it always ends up coming out of my pocket. I make too much for subsidies and welfare, but nowhere near enough to avoid taxes. I'm a middle class man and I am really tired of being fucked over by a system trying to "help" people. |
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I've been paying into it for nearly forty years. Sure, shut it down - give me a few years where I actually get to keep my money and pump it into my own retirement plan. But pay me the fuck back everything I've paid in, at whatever interest would be reasonable. Otherwise, you're just stealing from me. And doing it openly and unapologetically at that. View Quote Bingo |
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Burn it down right now. I'm 38, and don't even have kids.
Keep my money... I'm cool with it as long as they stop taking it. |
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No, the money you put it is to pay off the debt from the previous generation. YOU are stealing from ME to justify what was taken from you before I was even born. If it continues, I will be stealing from my kid and his generation. I am not a thief. Shut that shit down! View Quote View All Quotes View All Quotes Quoted:
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I've been paying into it for nearly forty years. Sure, shut it down - give me a few years where I actually get to keep my money and pump it into my own retirement plan. But pay me the fuck back everything I've paid in, at whatever interest would be reasonable. Otherwise, you're just stealing from me. And doing it openly and unapologetically at that. No, the money you put it is to pay off the debt from the previous generation. YOU are stealing from ME to justify what was taken from you before I was even born. If it continues, I will be stealing from my kid and his generation. I am not a thief. Shut that shit down! Bingo. |
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Serious question- How would they pay you back? The money you paid in was gone as soon as it hit the bank. They spent it to pay older benificiaries. There is no money. It is gone. It is the nature of a ponzi scheme. So, yes...you were stolen from. Now what? View Quote View All Quotes View All Quotes Quoted:
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I've been paying into it for nearly forty years. Sure, shut it down - give me a few years where I actually get to keep my money and pump it into my own retirement plan. But pay me the fuck back everything I've paid in, at whatever interest would be reasonable. Otherwise, you're just stealing from me. And doing it openly and unapologetically at that. Serious question- How would they pay you back? The money you paid in was gone as soon as it hit the bank. They spent it to pay older benificiaries. There is no money. It is gone. It is the nature of a ponzi scheme. So, yes...you were stolen from. Now what? ~ insert Morgan Friedman "he's right you know" .jpeg ~ The whole "paid into it" nonsense is just part of the scam. |
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What would do with all the old folks who have limited savings that would be left out in the cold and homeless?
The system is broke but they are not the ones who broke it. The Govt. broke it with the consent of the people. It needs to be fixed in a way that does not unjustly punish any one group. I have always said if they give me the money I and the company paid into my account I'd be happy not to ever get another check. As far as I'm concerned all the SS payments, both yours and the companies, should be able to go into a retirement saving program of your choice. However we still need to take care of those who paid in and now are retired and depending on it to live. EBR666 |
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I voted yes but would like to see it given back as tax breaks so I can invest in what I want with a better return on my Capitol
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I've been paying into it for over 20 years. I want my fucking money back.
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I'd be 1000% happy if they shut down SS and I lost all the $$$ I put into it if I didn't have to pay for it. (I won't see it anyhow, so it's not like I'm losing anything).
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Burn it down right now. I'm 38, and don't even have kids. Keep my money... I'm cool with it as long as they stop taking it. View Quote Do you really think if they shut down SS they will stop taking your money? The . Gov will simply stop giving working people SS you will still be paying a tax to support those who will not or cannot work. |
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