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Posted: 2/10/2024 5:05:04 PM EDT
[#1]
The key is Congress can alter the terms whenever they want. There is no set benefit and no matter what, the program will change from what it the current structure. Math just is. +1 People don't understand this, but it is totally true. Look at what Congress has already done. They decided that members of a certain church don't have to "contribute" to SS. Did this cause massive outrage among the population? I don't remember one. Some people get taxed on their SS "benefits". Didn't use to be that way, now it is. For better or worse, Congress can change the terms of SS anytime they can agree to. Today's Congress is not bound by the 1930s Congress. I believe that when they do change it, they will change it for the worse. |
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Posted: 2/10/2024 5:06:09 PM EDT
[#2]
Quote HistoryQuoted: Other people's failure to plan for retirement is your problem. Who do you think pays for the welfare that they will get? At least with SS they are forced to pay into a retirement fund if they work in a covered job. You may not want to fund welfare for them but it has been and will be done. That is simply the reality we live in. I don't like paying taxes to support people who could work and support themselves. Welfare should be limited to people who can't work not those who choose not to work and support themselves. Quote HistoryQuoted: Quoted: Quoted: Social Security was never meant to be your sole income in retirement. Retirement income was compared to a three legged stool with SS being one of the legs. The other two were company pensions and your savings/investments. We all know that defined benefit pensions have been replaced for most people by defined contributions plans (ie 401k, 403b etc.). The other self evident truth is that a significant number of people don't plan for the future and have little in savings. Many of the same people don't invest in their 401k plans or their employers don't offer them. I did work for a company with a pension plan and get a small, thick happy meal size check, from them. Later I worked for a company with profit sharing and a good 401k. I took full advantage of the 401k and did my own savings and investments. SS is not my primary income but I paid into it and would not want to lose it. I couldn't care less about other people's failure to plan. It's not my problem. And I'm perfectly fine losing SS, shits prolly gonna be means tested to hell by the time I'm 62 anyway. And that's not even getting into the fact that in about 10 years the lock box runs out and then the fed will start printing the extra 0.45 trillion to cover SS insolvency. Because as stated earlier, if the government threatened old people's retirement monies, we would actually see a change in this country and we can't have that. Other people's failure to plan for retirement is your problem. Who do you think pays for the welfare that they will get? At least with SS they are forced to pay into a retirement fund if they work in a covered job. You may not want to fund welfare for them but it has been and will be done. That is simply the reality we live in. I don't like paying taxes to support people who could work and support themselves. Welfare should be limited to people who can't work not those who choose not to work and support themselves. Who can't work? The FAA said they are hiring everyone regardless of physical or mental disabilities.  |
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Posted: 2/10/2024 5:08:09 PM EDT
[#3]
Buy more ammo.
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Posted: 2/10/2024 5:09:06 PM EDT
[#4]
Quote HistoryQuoted: The Silent Gen implemented it and the Greatest Gen enabled it and nurtured it. Weird no one complains about those gens?  Oh I hate them too, probably more than I hate the current SS welfare lovers. Anyone that voted for FDR should burn right along with him in hell. Communist piece of shit. |
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Posted: 2/10/2024 5:10:46 PM EDT
[#5]
Quote HistoryQuoted: Agreed Quote HistoryQuoted: Quoted: How about we just abolish social security. Kthxbye. Agreed Fine, but I want money back including what it would have made in the stock market during the 40+ years I've been putting in. |
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Posted: 2/10/2024 5:11:07 PM EDT
[#6]
Quote HistoryQuoted: Current law says when the trust is insolvent, only revenues will be available to make benefits. Hence the disclaimer straight from my statement that I posted earlier. The key is Congress can alter the terms whenever they want. There is no set benefit and no matter what, the program will change from what it the current structure. Math just is. Some folks keep wanting to act like it is written in stone. That is not the case and demographics are catching up with us. Quote HistoryQuoted: Quoted: Quoted: Quoted: Quoted: Quoted: While I agree with you completely, that will not happen. Too many "well just give me MY money back" people out there, that vote. We boiled the frog slowly and now we have to turn the heat down so slowly that it's virtually imperceptible. That has the best chance of succeeding politically. There's numerous ways to accomplish that, but everyone gets at least a few bites of the shit sandwich, even if you spread it out over 100 years or more. But we won't do that either. No one wants to be responsible about it. Just kick the can down the road and lie. I know it won't happen. Social Security will be the last program still being funded before the inevitable collapse. Because we let SS recipients vote, our representatives will never do the needful. So which party should they vote for? Most polls show SS age people vote majority Republican while the majority of people that complain about SS vote dem. Neither party has any plank or policy that mentions reducing Social Security. One tried and they got creamed in the election and absolutely demonized by the msm in that election cycle. Remember the ads of the dude rolling grandma off the cliff? Good luck getting any party to try that platform again. Current law says when the trust is insolvent, only revenues will be available to make benefits. Hence the disclaimer straight from my statement that I posted earlier. The key is Congress can alter the terms whenever they want. There is no set benefit and no matter what, the program will change from what it the current structure. Math just is. Some folks keep wanting to act like it is written in stone. That is not the case and demographics are catching up with us. I have no skin in the game since I'm not in the SS program, but I always vote for the candidate running on lower taxes.  From what I read a lot of members here are butt hurt and will enable the party of higher taxes, because reasons.... |
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Posted: 2/10/2024 5:13:08 PM EDT
[#7]
Quote HistoryQuoted: Oh I hate them too, probably more than I hate the current SS welfare lovers. Anyone that voted for FDR should burn right along with him in hell. Communist piece of shit. Quote HistoryQuoted: Quoted: The Silent Gen implemented it and the Greatest Gen enabled it and nurtured it. Weird no one complains about those gens? Oh I hate them too, probably more than I hate the current SS welfare lovers. Anyone that voted for FDR should burn right along with him in hell. Communist piece of shit. We have found agreement.  |
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Posted: 2/10/2024 5:21:01 PM EDT
[#8]
Quoted:  Tax benefits on 401(K)s should be axed in favor of higher Social Security payments, says a report co-written by a former aide to President Clinton. Alicia Munnell, who served as an assistant Treasury secretary from 1993 to 1995, claims retirement pots with tax breaks disproportionately benefit the wealthy. She made the claim in the report co-authored by right-leaning economist Andrew Biggs - where they say such benefits have done little to incentivize workers to save more anyway. Cutting the perks on 401(K)s and Individual Retirement Accounts (IRA) could save the Government almost $200 billion, they argue - and that windfall would be better used plugging shortfalls in Social Security payments. https://www.dailymail.co.uk/yourmoney/401k/article-13061695/Economists-left-right-call-401-K-tax-benefits-AXED-help-fund-Social-Security-benefits.html How about they cut gender studies for cockroaches? Or- wait, i know this is wild -take a few billion from the next ukrain slush fund payment to.work this out? |
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Posted: 2/10/2024 5:31:02 PM EDT
[#9]
Quote HistoryQuoted: How about they cut gender studies for cockroaches? Or- wait, i know this is wild -take a few billion from the next ukrain slush fund payment to.work this out? Pretty sure SS is a problem measured in trillions. But I agree we should quit sending Ukraine money. |
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Posted: 2/10/2024 5:35:26 PM EDT
[#10]
Lower the full retirement age to 65 and double the SS withholding percentages for all the younger working generations. This will give them motivation to work for something tangible later in life and everyone will benefit.
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Posted: 2/10/2024 5:46:18 PM EDT
[#11]
Quote HistoryQuoted: Fine, but I want money back including what it would have made in the stock market during the 40+ years I've been putting in. Quote HistoryQuoted: Quoted: Quoted: How about we just abolish social security. Kthxbye. Agreed Fine, but I want money back including what it would have made in the stock market during the 40+ years I've been putting in. This is why it’ll never end. Gimme gimme gimme. |
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Posted: 2/10/2024 5:48:05 PM EDT
[#12]
Quote HistoryQuoted: This is why it’ll never end. Gimme back gimme back gimme back. Quote HistoryQuoted: Quoted: Quoted: Quoted: How about we just abolish social security. Kthxbye. Agreed Fine, but I want money back including what it would have made in the stock market during the 40+ years I've been putting in. This is why it’ll never end. Gimme back gimme back gimme back. There |
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Posted: 2/10/2024 5:52:40 PM EDT
[#13]
Quote HistoryQuoted: The government arbitrarily taxed those SS "contributions" away from you in the first place. And they are arbitrarily taxing some of the "benefits" right now. What makes you think the government can't take it all? Quote HistoryQuoted: does not mean the government can arbitrarily take it from you. The government arbitrarily taxed those SS "contributions" away from you in the first place. And they are arbitrarily taxing some of the "benefits" right now. What makes you think the government can't take it all? Read a discussion on the court case. Passing a law is not arbitrary. As much as you might think our elected officials do whatever they want, they don’t. Up until Biden, they had to answer to the people. I don’t think we have reached the point where politicians are not accountable to the public. We maybe getting close to it but we are not there yet. |
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Posted: 2/10/2024 5:55:40 PM EDT
[#14]
Quote HistoryQuoted: Who can't work? The FAA said they are hiring everyone regardless of physical or mental disabilities. https://imgb.ifunny.co/images/881b45f2cf0f653ffd7fbf85bf1b2223e114e004353d19a649e991d9967c3d42_1.webp Quote HistoryQuoted: Quoted: Quoted: Quoted: Social Security was never meant to be your sole income in retirement. Retirement income was compared to a three legged stool with SS being one of the legs. The other two were company pensions and your savings/investments. We all know that defined benefit pensions have been replaced for most people by defined contributions plans (ie 401k, 403b etc.). The other self evident truth is that a significant number of people don't plan for the future and have little in savings. Many of the same people don't invest in their 401k plans or their employers don't offer them. I did work for a company with a pension plan and get a small, thick happy meal size check, from them. Later I worked for a company with profit sharing and a good 401k. I took full advantage of the 401k and did my own savings and investments. SS is not my primary income but I paid into it and would not want to lose it. I couldn't care less about other people's failure to plan. It's not my problem. And I'm perfectly fine losing SS, shits prolly gonna be means tested to hell by the time I'm 62 anyway. And that's not even getting into the fact that in about 10 years the lock box runs out and then the fed will start printing the extra 0.45 trillion to cover SS insolvency. Because as stated earlier, if the government threatened old people's retirement monies, we would actually see a change in this country and we can't have that. Other people's failure to plan for retirement is your problem. Who do you think pays for the welfare that they will get? At least with SS they are forced to pay into a retirement fund if they work in a covered job. You may not want to fund welfare for them but it has been and will be done. That is simply the reality we live in. I don't like paying taxes to support people who could work and support themselves. Welfare should be limited to people who can't work not those who choose not to work and support themselves. Who can't work? The FAA said they are hiring everyone regardless of physical or mental disabilities. https://imgb.ifunny.co/images/881b45f2cf0f653ffd7fbf85bf1b2223e114e004353d19a649e991d9967c3d42_1.webp Good point. I am sure Biden will require airlines to hire |
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Posted: 2/10/2024 5:58:13 PM EDT
[#15]
Quote HistoryQuoted: Wow. You... are what's wrong with our society. Do you favor reparations for slavery too? Quote HistoryQuoted: Quoted: I want back what was stolen from me. If that means the next generation has to pay for it, so be it. No. I talked to my kid's liberal principal one time. She said, "If someone steals from me, they must have needed it more than I do." She didn't see any point in punishing the theft, or trying to recover the stolen funds. Typical liberal thinking. As someone who has been stolen from, I want to recover my lost assets by any means possible. I want the theif (government) to pay restitution. It's not my concern or responsibility where the theif (government) gets the money, as long as I get it back. |
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Posted: 2/10/2024 6:09:45 PM EDT
[#16]
Quote HistoryQuoted: This is why it'll never end. Gimme gimme gimme. Quote HistoryQuoted: Quoted: Quoted: Quoted: How about we just abolish social security. Kthxbye. Agreed Fine, but I want money back including what it would have made in the stock market during the 40+ years I've been putting in. This is why it'll never end. Gimme gimme gimme. Would you agree to paying 50% less in SS taxes for zero return if the "boomers" agreed to 50% less in SS for what they've paid in? 
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Posted: 2/10/2024 6:16:18 PM EDT
[#17]
Passing a law is not arbitrary. It does have to pass constitutional muster, that is true. But within those limits it is indeed arbitrary. Note that the first SS scheme didn't survive. It was originally a scheme where you purchased an annuity from the federal government with your "contributions". Though we still have that language surviving, you now pay a tax, and have no legal right to any benefits. Some people don't have to participate. Sounds arbitrary to me. |
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Posted: 2/10/2024 6:17:17 PM EDT
[#18]
Quote HistoryQuoted: Would you agree to paying 50% less in SS taxes for zero return if the "boomers" agreed to 50% less in SS for what they've paid in? Yes. Anything to keep more money for investing in myself. |
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Posted: 2/10/2024 6:29:54 PM EDT
[#19]
Quote HistoryQuoted: Their divide and conquer plan is moving along nicely. ^ truth |
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Posted: 2/10/2024 6:39:14 PM EDT
[#20]
Quote HistoryQuoted: The Silent Gen implemented it and the Greatest Gen enabled it and nurtured it. Weird no one complains about those gens? Quote HistoryQuoted: Quoted: Quoted: Why make the country better for their future generations when they can get paid right now? I intend to make the future better for my daughter and grandson by leaving an estate. Why aren't others doing the same? What is your generation doing to make this country better? Well, besides complaining about the unfairness of the system and hoping to steal from your elders. You weren't the only ones born into this. Change the game instead of hating the players. But that would require effort. Taking action as a voting bloc. In fairness, neither the Boomers or GenX did either. Personally I blame it all on the Silent generation... The Silent Gen implemented it and the Greatest Gen enabled it and nurtured it. Weird no one complains about those gens? They did. Back in the early 1980’s when the trust nearly went broke the first time. They made changes to benefit the boomers and now demographics are accelerating. The problem is they can fix SS pretty easily. Medicare is an entirely different beast. |
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Posted: 2/10/2024 6:42:46 PM EDT
[#21]
Quote HistoryQuoted: Would you agree to paying 50% less in SS taxes for zero return if the "boomers" agreed to 50% less in SS for what they've paid in? Quote HistoryQuoted: Quoted: Quoted: Quoted: Quoted: How about we just abolish social security. Kthxbye. Agreed Fine, but I want money back including what it would have made in the stock market during the 40+ years I've been putting in. This is why it'll never end. Gimme gimme gimme. Would you agree to paying 50% less in SS taxes for zero return if the "boomers" agreed to 50% less in SS for what they've paid in? Counter offer. I’ll take zero payout if you exempt my two sons from the “system”. I’ll consider my payments continuing to support the socialist experiment an investment in their future. I’m already assuming I’ll never benefit from it so no skin off my nose. I am baffled by people that continually reference “their money” when referring to SS. It is a tax. “Your money” has been gone for decades. They’re taking a portion of my paycheck and giving it to you to buy you. |
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Posted: 2/10/2024 6:52:01 PM EDT
[#22]
Quote HistoryQuoted: This is why it’ll never end. Gimme gimme gimme. They've taken hundreds of thousands of dollars from me. I'm pretty sure that isn't "gimme gimme" |
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Posted: 2/10/2024 6:57:22 PM EDT
[#23]
Quote HistoryQuoted:  This is total gaslighting. 401ks and IRAs tax benefits are nothing to the truly wealthy. But they certainly are to the middle class. Trump started some of this shit when he went after beneficiary IRA's and made you liquidate them in 10 years. It's nothing more than a massive money grab. Really a bad idea to go after a specific demographic, middle class over 60, that have nothing left to lose once you put them in the poor house. 
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Posted: 2/10/2024 7:14:37 PM EDT
[#24]
Quote HistoryQuoted: Trump started some of this shit when he went after beneficiary IRA's and made you liquidate them in 10 years. It's nothing more than a massive money grab. First off, while Trump signed the Secure Act into law, he did not author it. Weird jab. Second, IRA's were designed for the INDIVIDUAL as a tax benefit to incentivize retirement savings, it was NOT intended as a means for people to pass wealth down to subsequent generations and avoid or delay taxes. It is argued that the elimination of the stretch IRA was done to recover lost tax revenue by changing the forced RMD age. Regardless if that is true or not, in introduction of IRA's were never intended to leverage inherited IRA's as a tax shelter for generation upon generation, and even 10 years could be considered generous. I know that nobody likes the concept of terms changing.... but this one never made any sense to begin with, and I never understood people getting that upset about it unless they were planning on using tax sheltered retirement accounts as a method for generational wealth transfer. When the Government giveth, the Government can taketh away. |
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Posted: 2/10/2024 8:03:38 PM EDT
[#25]
Quote HistoryQuoted: First off, while Trump signed the Secure Act into law, he did not author it. Weird jab. Second, IRA's were designed for the INDIVIDUAL as a tax benefit to incentivize retirement savings, it was NOT intended as a means for people to pass wealth down to subsequent generations and avoid or delay taxes. It is argued that the elimination of the stretch IRA was done to recover lost tax revenue by changing the forced RMD age. Regardless if that is true or not, in introduction of IRA's were never intended to leverage inherited IRA's as a tax shelter for generation upon generation, and even 10 years could be considered generous. I know that nobody likes the concept of terms changing.... but this one never made any sense to begin with, and I never understood people getting that upset about it unless they were planning on using tax sheltered retirement accounts as a method for generational wealth transfer. When the Government giveth, the Government can taketh away. Quote HistoryQuoted: Quoted: Trump started some of this shit when he went after beneficiary IRA's and made you liquidate them in 10 years. It's nothing more than a massive money grab. First off, while Trump signed the Secure Act into law, he did not author it. Weird jab. Second, IRA's were designed for the INDIVIDUAL as a tax benefit to incentivize retirement savings, it was NOT intended as a means for people to pass wealth down to subsequent generations and avoid or delay taxes. It is argued that the elimination of the stretch IRA was done to recover lost tax revenue by changing the forced RMD age. Regardless if that is true or not, in introduction of IRA's were never intended to leverage inherited IRA's as a tax shelter for generation upon generation, and even 10 years could be considered generous. I know that nobody likes the concept of terms changing.... but this one never made any sense to begin with, and I never understood people getting that upset about it unless they were planning on using tax sheltered retirement accounts as a method for generational wealth transfer. When the Government giveth, the Government can taketh away. Not intended as a jab at trump but yeah he signed it and the GOP pushed it. But I disagree the change in law was to stop rich people from hiding money, if that was the case they would have set a taxable floor that increased with inflation but no they changed the law for every bene IRA which are mainly 401k's going to peoples kids. This was a shot at the middle class a huge money grab. These usually get inherited while a person is in their prime earning years aka paying the highest marginal rate they will ever pay. Now on top of having a higher income they now have to liquidate and pay taxes on mom and dad's inherited 401k. If .gov really wanted to just stop back door wealth transfers they would of only taxed large value accounts or set a floor of about $5Million. The bene IRA's were still taxed just over your life time not a forced 10 year liquidation. A 2nd inheritance resulted in immediate taxation so it's only a one generation benefit. The grandkids will have to pay taxes. |
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Posted: 2/10/2024 9:18:13 PM EDT
[#26]
Quote HistoryQuoted: BTW, we have a member here who was in the securities industry. He asserts that 401ks were created to herd people into the stock market. One major change from the old days is that is is rare that people actually own stock. When you bought 1000 shares of IBM, he got a engraved stock certificate that stated that you held 1000 shares of IBM (or what not). Today you get a brokerage statement that says you have 1000 shares. In reality your brokerage may or may not have bought that 1000 shares. They're counting on people to buy/sell and chase the rising stocks. So, all they really do is credit your account w/out buying it. If you sell, they figure the diffence and pay you. It is possible that a brokerage has that 1,000 shares, but it may also be held by your neighbor, coworker, cousin, cousin's former college roomate --- in short, multiple people have a claim on that same 1,000 shares. If you want another layer of confusion consider title. Title is a legal concept and it goes to who can actually dispose of the object that the title is to. Title is actually held by DTCC and you are not the title holder of that 1,000 shares of IBM. So what are you? A beneficiary. Just like your savings account, you are just a benefiiciary just like your neighbor, coworker, cousin, cousin's former college roomate to those same shares. It's a big mess that David Webb talks about in his book (and free audio book), The Great Taking. Webb discusses how "securities" laws were changed to make the public susceptible to the sudden loss of wealth. Dodd-Frank did the same to your banking account. The "contents" of your 401K and brokerage account can vanish when a bank or brokerage house collapse. Everything goes into receivership and the courts will take years to figure out what gets how much of each 1,000 shares. You may only get 1% by the time it's settled. You're running out of time to take action but don't listen to me. I'm just an old guy who reads a lot of books. This is utter B.S. The stock is purchased and held by the brokerage company in "street name". If it wasn't purchased one would never get a proxy statement to vote at the annual meetings. |
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Posted: 2/10/2024 11:16:47 PM EDT
[#27]
Quote HistoryQuote HistoryQuoted: Quoted: Brass tacks and ruber meets the road: It means you are content to recieve stolen funds. I'm guessing because you were stolen from and complained about it. In order to be consistent with that, you have to say that extorting funds from people who don't want to give it is morally ok, as long as the one doing it did it to you previously, and is doing it to give it to you. Our God is usually what looks back at us in the mirror. https://bookshow.blurb.com/bookshow/cache/P10049288/md/cover_2.jpeg?access_key=9587e1b4ac1eb69b5edddaead3977c7c That's exactly what you're doing. It's not fair I was taken from. Because it wasn't fair I get to take from you. |
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Posted: 2/10/2024 11:18:41 PM EDT
[#28]
Quote HistoryQuoted: What did you accomplish by destroying the Covid stimulus checks? If you didn’t want the money, you could have given it to a charity. I would imagine for most of us GD Billionaires, the checks were simply a tax refund. Quote HistoryQuoted: Quoted: Quoted: Quoted: I hope I manage to refuse when I get there. I managed to toss the stupid stimulus checks in the shredder when they sent them to me. I'm pretty sure it wound up in the litter pan and got peed on by my cats. They sent you stimmy checks and you didn't ask for them? How does that happen? Asking for a friend. My, uh, friend never got a stimmy dime, asked-for or not. Those stupid stimulus checks during the covid era. There were even threads here during it with people discussing what gun to get with it. What did you accomplish by destroying the Covid stimulus checks? If you didn’t want the money, you could have given it to a charity. I would imagine for most of us GD Billionaires, the checks were simply a tax refund. Why does that matter enough for you to even ask? I accomplished what I wanted to: not spending mone that wasn't mine. |
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Posted: 2/10/2024 11:21:06 PM EDT
[#29]
Quote HistoryQuoted: Oh I hate them too, probably more than I hate the current SS welfare lovers. Anyone that voted for FDR should burn right along with him in hell. Communist piece of shit. Quote HistoryQuoted: Quoted: The Silent Gen implemented it and the Greatest Gen enabled it and nurtured it. Weird no one complains about those gens? Oh I hate them too, probably more than I hate the current SS welfare lovers. Anyone that voted for FDR should burn right along with him in hell. Communist piece of shit. They're virtually all dead ... are we supposed to be like the reparationists, and try to get money extorted from others who had no part in doing it because of stuff that happened with dead people however long ago? Besides, it wasn't their generation. It was the individuals that actually did it and those who enabled them. |
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Posted: 2/11/2024 12:01:46 AM EDT
[#30]
Quote HistoryQuoted: Actually they do. No one wants to have their power structure collapse and get shot in the face. King Louis XVI knows what 'm talking about. Quote HistoryQuoted: Quoted: You think commies give a shit about tanking the economy? It's a feature. Just like they are attacking private homeownership. Your guns. Your gasoline powered vehicles etc.. It's all about control. Actually they do. No one wants to have their power structure collapse and get shot in the face. King Louis XVI knows what 'm talking about. Is this with like a sling shot that might not have been outlawed yet if the Dems get there way......  |
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Posted: 2/11/2024 1:39:34 AM EDT
[#31]
Quote HistoryQuoted: Look, it's a fresh SS thread. How many is it this week? I forget... I worked my whole life. Paid into SS to fund the retirements of the Lost, Greatest, Silent, and Boomer generations. On the promise that SS would be there for me also. Now that I have am collecting it, there is a lot of complaining going one about how greedy us Boomers are. How it isn't fair. You need to tax my Traditional and my Roth. You need to eliminate my SS. It's greed on my part that I live alone and have massive equity in a 4/2 home. Millennials ... I raised one. Tell you what I told her. You want fair honey? It's in August at the fairground. You want me to take a cut if not eliminate SS? Put ALL Federal pensions and welfare on the table also. Until then... /media/mediaFiles/sharedAlbum/beathorse-20.gif https://ih1.redbubble.net/image.724267353.7047/pp,504x498-pad,600x600,f8f8f8.u4.jpg  National Anthem of USSR |
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Posted: 2/11/2024 2:23:52 AM EDT
[#32]
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Posted: 2/11/2024 2:09:34 PM EDT
[#33]
Quote HistoryQuoted: As someone who has been stolen from, I want to recover my lost assets by any means possible. I want the theif (government) to pay restitution. It's not my concern or responsibility where the theif (government) gets the money, as long as I get it back. And, judging by how popular your sentiment is in this thread, it's no wonder our country is dying. Maybe it should die. |
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Posted: 2/12/2024 10:48:42 AM EDT
[#34]
Tax the shit out of every multi-national corporation that lobbied heavily for sending jobs to China.
Tax the shit out of every multi-national corporation that demanded more lock downs, with exceptions for their own stores/businesses. Tax the shit out of every corporation that has advocated for increased taxes, but don't allow them the carve-outs and exemptions they beg for behind closed doors. Tax the shit out of every corporation that takes advantage of migrant labor, H1B Visas, etc. Tax the shit out of every corporation that pushes pro-trans bullshit down everyone's throats. Let that money be used to prop up SS. Or just burn the money for all I care. Just fuck all those comapanies in particular. If the US Government went scorched earth forcing Neo-Libs and Neo-Cons to pay taxes in recompense for all the damage they've caused society... we'd probably be in a better situation overall. |
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Posted: 2/12/2024 10:53:24 AM EDT
[#35]
Quote HistoryQuoted: Is this with like a sling shot that might not have been outlawed yet if the Dems get there way...... Quote HistoryQuoted: Quoted: Quoted: You think commies give a shit about tanking the economy? It's a feature. Just like they are attacking private homeownership. Your guns. Your gasoline powered vehicles etc.. It's all about control. Actually they do. No one wants to have their power structure collapse and get shot in the face. King Louis XVI knows what 'm talking about. Is this with like a sling shot that might not have been outlawed yet if the Dems get there way...... In a Monarchy... if the king fucks over the economy and causes people to starve... he has no one to pass the blame on to. He knows that him and his family might end up having their heads impaled on pikes by some challenger to the thrown, backed by angry peasants. Under the Unrepresentative Democracies, the responsibility just gets diffused and the elites just claim its all *OUR* fault. Democracy actually leads to a situation where there is diminished responsibility for one's own actions. Similar to what happens with corporations. Diffused responsibility is a serious problem of the modern age. |
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Posted: 2/12/2024 10:57:08 AM EDT
[#36]
Quote HistoryQuoted: Why does that matter enough for you to even ask? I accomplished what I wanted to: not spending mone that wasn't mine. Quote HistoryQuoted: Quoted: Quoted: Quoted: Quoted: I hope I manage to refuse when I get there. I managed to toss the stupid stimulus checks in the shredder when they sent them to me. I'm pretty sure it wound up in the litter pan and got peed on by my cats. They sent you stimmy checks and you didn't ask for them? How does that happen? Asking for a friend. My, uh, friend never got a stimmy dime, asked-for or not. Those stupid stimulus checks during the covid era. There were even threads here during it with people discussing what gun to get with it. What did you accomplish by destroying the Covid stimulus checks? If you didn’t want the money, you could have given it to a charity. I would imagine for most of us GD Billionaires, the checks were simply a tax refund. Why does that matter enough for you to even ask? I accomplished what I wanted to: not spending mone that wasn't mine. You accomplished nothing. The money was legally and morally yours. If you didn’t want it, you could have given it to some worthy charity. Surely you know at least one good charity. |
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Posted: 3/13/2024 1:19:16 AM EDT
[#37]
Quote HistoryQuoted: So which party should they vote for? Most polls show SS age people vote majority Republican while the majority of people that complain about SS vote dem.  |
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Posted: 3/13/2024 1:21:06 AM EDT
[#38]
Quote HistoryQuoted: Try reading and analyzing the chart. https://www.ar15.com/media/mediaFiles/40084/Screenshot_2024-02-06_183926_png-3124075.JPGhttps://www.ar15.com/media/mediaFiles/40084/Screenshot_2024-02-06_183503_png-3124076.JPG You should know that GD hates facts…and especially graphs that portray facts. |
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Posted: 3/13/2024 1:27:20 AM EDT
[#39]
Quote HistoryQuoted: This is correct. I love SS threads where GD jerkoffs jerkoff to ending SS. It's the Bell Curve on full display. But, in a way, it's sad to know so many people have nothing better to do than fantasize about completely ending SS. Of course we could do it, but maybe first we ought to end the military, end crime, end LEOs, feed all the hungry, house the homeless, and elect Tay Tay as POTUS. Those would be easier, IMO. Low hanging fruit, so to speak. Then we could tackle ending SS. |
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Posted: 3/13/2024 1:30:18 AM EDT
[#40]
Quote HistoryQuoted: The Silent Gen implemented it and the Greatest Gen enabled it and nurtured it. Weird no one complains about those gens? But somehow, they turned it into a problem/crusade unique to them, them, them… |
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Posted: 3/13/2024 1:38:23 AM EDT
[#41]
Quote HistoryQuoted: I couldn't care less about other people's failure to plan. It's not my problem. And I'm perfectly fine losing SS, shits prolly gonna be means tested to hell by the time I'm 62 anyway. And that's not even getting into the fact that in about 10 years the lock box runs out and then the fed will start printing the extra 0.45 trillion to cover SS insolvency. Because as stated earlier, if the government threatened old people's retirement monies, we would actually see a change in this country and we can't have that. High income earners: 1. Pay far more into the system. 2. Receive proportionally far less in return. 3. Have second and third order effects like higher Medicare premiums. 4. Effectively receive far less than lower earners because they are taxed more heavily, based on both the amount of their SS benefit and their marginal rate. There’s no need to say if your 401(k)/IRA is this value because you have RMDs which get added, along with your SS, to your income and taxed. Big 401(k)/IRA = big RMD = big tax liability aka means tested. |
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Posted: 3/13/2024 4:21:32 AM EDT
[#42]
One thing to remember in regards to the government’s claim on an individual’s IRA, or any other tax deferred system.
A portion of that money is in fact theirs. Take the total amount in your retirement accounts and multiply it by your highest marginal tax rate. That’s what belongs to the govt. When you set up that plan, you made the govt your partner. The govt invested in your retirement by not taxing you on that portion of invested capital. That was the deal from the start, don’t cry about it now. Just as it is disingenuous for the Govt to claim that this “costs” them revenue. The tax on the contribution may be waived, but that entitles the Govt to a share of the total balance later on. The govt realizes that they will get more $ this way due to the efficiency of our Capitalistic system as well as the power of compound interest. As long as the market returns (7% after inflation, historically) exceed the govt borrowing cost they come out ahead, ie any “cost” of such a system to the Govt is repaid by greater revenues later on. Both parties benefit from such an arrangement. |
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Posted: 3/13/2024 5:38:50 AM EDT
[#43]
How the blue fuck would cutting tax breaks “save” the government money?
Not taking my fucking money doesn’t cost them a fucking dime. Fuck that commie piece of shit, and fuck the tax man, too. |
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Posted: 3/13/2024 6:16:34 AM EDT
[#44]
The money would not go to SSI it would be "borrowed" for social programs in lefty hell holes
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Posted: 3/13/2024 6:39:25 AM EDT
[#45]
If I ever meet any of these people in real life and they mention “saving” the government money when referring to taxing people less I’m literally going to slap the shit out of them assault charges be damned.
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Posted: 3/13/2024 6:40:47 AM EDT
[#46]
Quote HistoryQuoted: How about we just abolish social security. Kthxbye. The funny part is that’s exactly what’s going to happen. Whether it’s voluntary or not is the question. |
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Posted: 3/13/2024 6:42:13 AM EDT
[#47]
Quote HistoryQuoted: They can take my 401k out of my cold dead hands. Why do you want grandma to starve? |
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Posted: 3/13/2024 6:45:28 AM EDT
[#48]
Quote HistoryQuoted: What would the 95 billion sent to Ukraine do for social security? lol |
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Posted: 3/13/2024 7:59:29 AM EDT
[#49]
Quote HistoryQuoted: This....this 1000 times over, this. There is a small but growing segment of society that is upper middle class. The "almost" rich. Depending on where, the 4-12 million dollar crowd. They had incomes (in todays dollars) in the 250-500K range. (These can be docs, small business owners, hell, middle manager guys in the right industries..... but the key is they enjoyed these incomes for a good while, not just at the end of their career) These people may have lived in very nice homes and drove around in nice cars and may have even had a vacation home and some other toys but they are not actually the "rich." They have been fucked hard by taxes and 401Ks and IRA's are really important to them....and they have among the bigger ones. And they are again the people who are going to be fucked the hardest. True UHNW folks (lets call that 30 million or more) are mostly immune from this shit. (yes, they are getting "fucked" as well, but it just doesnt change things for them) They are not actually wealthy. They are not generational wealthy. They are rich from the standpoint they can do what they want within reason. They fight to keep it year in and year out. They planned to live out their lives by downsizing at the end and insulating themselves from the noise. Their plan is currently being threatened. Most hit a point where they are comfortable and want to be left alone. The current administration is challenging their ability to be left alone. Imagine them as the same people that left England to achieve something that they couldn’t there. This time they have left the coasts and moved to the center of the country to get away from what’s going on. They want to be left alone. The establishment doesn’t have the ability to see this and allow this. Push these people and attempt to break them and it will not end well. |
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Posted: 3/13/2024 8:10:39 AM EDT
[#50]
And Ukraine just got another $300 billion
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