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Posted: 10/9/2020 6:01:48 AM EDT
[#1]
The same problems that exist under any wealth redistribution scheme, and social security is most definitely a wealth redistribution scheme.
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Posted: 10/9/2020 6:07:10 AM EDT
[#2]
Quote HistoryQuoted: The same problems that exist under any wealth redistribution scheme, and social security is most definitely a wealth redistribution scheme. Its also a Ponzi scheme. The people who get in early make mad money when they punch out (or die in this case  ).Its the suckers at the tail end of the scheme that get fucked. All the younger people paying in right now will never see a dime by the time they hit retirement age. |
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Posted: 10/9/2020 6:23:14 AM EDT
[#3]
I look at it more like my money was taken from me.
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Posted: 10/9/2020 6:24:10 AM EDT
[#4]
The projected insolvency date for Social Security retirement benefits is a moving target - Latest estimates put it at about year 2035. That doesn't mean it won't have any money left, just that it won't have enough to pay the full amounts that it owes retirees. Congress will have to do something to fend that off, most likely raising the payroll and self-employment taxes.
Much more imminent and harder to fix is the projected insolvency of Medicare Part A. That's now expected in year 2026. |
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Posted: 10/9/2020 6:25:36 AM EDT
[#5]
So glad I don’t have to pay into it at my full time job.
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Posted: 10/9/2020 6:32:35 AM EDT
[#6]
I paid my dues and worked my ass off for many years. Came to the beautiful USA from communist Cuba and became a US citizen.
I raised a proud right wing Republican conservative family. I deserve to sit outside under my tiki drinking Mojitos while the Millennials work and provide me additional monthly money. One day when my generation dies the millennials will be in my shoes. Hopefully SS will be there for them as well. For now it is my time and I want it now. |
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Posted: 10/9/2020 6:33:19 AM EDT
[#7]
“Hardly ever do the advocates of free capitalism realize how utterly their ideal was frustrated at the moment the state assumed control of the monetary system… A ‘fire’ capitalism with governmental responsibility for money and credit has lost its innocence. From that point on it is no longer a matter of principle but one of expediency how far one wishes or permits government interference to go. Money control is the supreme and most comprehensive of all governmental controls short of expropriation.” Gustav Stolper "The Age Of Fables" 1942 |
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Posted: 10/9/2020 6:34:53 AM EDT
[#8]
Social security already went insolvent. What someone getting now from Social Security has a good deal less buying power then 20 years ago. 20 years from now it will be a joke. The system was designed for 5 kid families that would grow up and spend there entire lives paying in. Now a lot of people don't have kids and there are plenty of older immigrants who expect social security without having to spend their whole working lives paying. You keep hearing social security is going insolvent and the part about why it's going insolvent is left out.
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Posted: 10/9/2020 6:38:58 AM EDT
[#9]
I have paid into it, I have paid into unemployment too ( Which I never have used ) for almost forty years, paid my taxes, and every other thing that was asked of me.
At 62 I will start collecting on what the government has used my money to invest in. Seven more years to go. |
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Posted: 10/9/2020 6:45:15 AM EDT
[#10]
That’s a pretty big return on her investment.
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Posted: 10/9/2020 6:45:15 AM EDT
[#11]
IIRC, a spouse who paid nothing in can claim 1/2 of their spouse's benefit.
My Mom was a homemaker most of her life and paid very little in FICA taxes. She started collecting when she was 62 and died at age 88. 26 years getting (I'll guess at) +-$10k per year yields over $250k. Smedley Butler once said "war is a racket". That's not the only one governments run. |
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Posted: 10/9/2020 6:48:50 AM EDT
[#12]
Quote HistoryQuoted: I paid my dues and worked my ass off for many years. Came to the beautiful USA from communist Cuba and became a US citizen. I raised a proud right wing Republican conservative family. I deserve to sit outside under my tiki drinking Mojitos while the Millennials work and provide me additional monthly money. One day when my generation dies the millennials will be in my shoes. Hopefully SS will be there for them as well. For now it is my time and I want it now. Lol I would pay into SS for the rest of my life and never take a dime if it meant my children didn’t have to be a part of government sponsored wealth redistribution program. Fuck all the old people who never figured out that saving money matters. |
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Posted: 10/9/2020 6:58:09 AM EDT
[#13]
Quote HistoryQuoted: The projected insolvency date for Social Security retirement benefits is a moving target - Latest estimates put it at about year 2035. That doesn't mean it won't have any money left, just that it won't have enough to pay the full amounts that it owes retirees. Congress will have to do something to fend that off, most likely raising the payroll and self-employment taxes. Much more imminent and harder to fix is the projected insolvency of Medicare Part A. That's now expected in year 2026. |
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Posted: 10/9/2020 6:59:54 AM EDT
[#14]
Quote HistoryQuoted: I paid my dues and worked my ass off for many years. Came to the beautiful USA from communist Cuba and became a US citizen. I raised a proud right wing Republican conservative family. I deserve to sit outside under my tiki drinking Mojitos while the Millennials work and provide me additional monthly money. One day when my generation dies the millennials will be in my shoes. Hopefully SS will be there for them as well. For now it is my time and I want it now. Comes from communist country to be free but still wants communism. |
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Posted: 10/9/2020 7:07:41 AM EDT
[#15]
Quote HistoryQuoted: I paid my dues and worked my ass off for many years. Came to the beautiful USA from communist Cuba and became a US citizen. I raised a proud right wing Republican conservative family. I deserve to sit outside under my tiki drinking Mojitos while the Millennials work and provide me additional monthly money. One day when my generation dies the millennials will be in my shoes. Hopefully SS will be there for them as well. For now it is my time and I want it now. Doesn't change that someone will be left holding it, as long as it isn't you.... right? |
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Posted: 10/9/2020 7:08:51 AM EDT
[#16]
Quote HistoryQuoted: Comes from communist country to be free but still wants communism. |
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Posted: 10/9/2020 7:09:39 AM EDT
[#17]
This boomer wants his cut. Last time I looked at my statement over $300K had been paid into the system by me and my employers since I started working in 1978. 58 now and plan on drawing my first check at 62. I've planned and saved like it wouldn't be there for me but I'm going to do my best to live long enough to get all of that $300K back plus interest.
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Posted: 10/9/2020 7:10:35 AM EDT
[#18]
Paid in from '63 till my retirement in '08, 45 years. I'm not complaining.
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Posted: 10/9/2020 7:14:41 AM EDT
[#19]
Quote HistoryQuoted: My family fled the same Communist Country and I sure as shit don't want it. Quote HistoryQuoted: Quoted: Comes from communist country to be free but still wants communism. Miami, You are now paying into it. When you retire you will be like the people on Star Island. You have 401k, the county's pension and then grab the SS for extra money. In my my case I have 401, ROTH, pension, savings and SS. DONT LEAVE MONEY ON THE TABLE. IT IS YOURS...They are taking it now, therefore you get it back when you are viejo. |
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Posted: 10/9/2020 7:16:39 AM EDT
[#20]
Quote HistoryQuoted: Social security already went insolvent. What someone getting now from Social Security has a good deal less buying power then 20 years ago. 20 years from now it will be a joke. The system was designed for 5 kid families that would grow up and spend there entire lives paying in. Now a lot of people don't have kids and there are plenty of older immigrants who expect social security without having to spend their whole working lives paying. You keep hearing social security is going insolvent and the part about why it's going insolvent is left out. Many of the parent(s) and kids of those (5) kid "families" are drawing from SS from a young age without paying in jack shit. The welfare class has sucked the system dry... |
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Posted: 10/9/2020 7:17:48 AM EDT
[#21]
Quote HistoryQuoted: The same problems that exist under any wealth redistribution scheme, and social security is most definitely a wealth redistribution scheme. Socialism at its finest |
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Posted: 10/9/2020 7:17:50 AM EDT
[#22]
Quote HistoryQuoted: This boomer wants his cut. Last time I looked at my statement over $300K had been paid into the system by me and my employers since I started working in 1978. 58 now and plan on drawing my first check at 62. I've planned and saved like it wouldn't be there for me but I'm going to do my best to live long enough to get all of that $300K back plus interest. |
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Posted: 10/9/2020 7:17:51 AM EDT
[#23]
Quote HistoryQuoted: I look at it more like my money was taken from me. The system is a result of democrats in the 1935 securing the female vote who lost their men during WWI. Combined with FDR giving people a bone after stealing life savings that was in gold with EO 6102 a year prior in 1934. It is also funny math that relies on the ignorance of the masses who dont understand currency manipulation through inflation. The $100 from 1970 you put into Social security does not reflect the value of the $100 you get out in 2020. An ounce of gold in 1970 value was about $35 today in 2020 an ounce of gold is over $1,700. Sorry bud but you were fooled and are getting your crumbs and saying thankyou. Just because our generations were fooled and screwed, does not make it moral to screw future generations. It is even worse when the crumbs handed out are coupled with the fact that many who are now taking from the system did not produce enough offspring or productive offspring to pay into the system for those crumbs. It is a failed system that rewards failures with the wealth of others productive offspring. If it was intended to be fair it would of been tied originally to a hard asset such as gold or to investments. Another way it could of been set up is it being tied to the productivness of your offspring. If you were not burdened with the costs and time raising children than you have little excuse to amassing wealth for your retirement. |
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Posted: 10/9/2020 7:18:16 AM EDT
[#24]
Quote HistoryQuoted: My family fled the same Communist Country and I sure as shit don't want it. Quote HistoryQuoted: Quoted: Comes from communist country to be free but still wants communism. That’s why we love you! |
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Posted: 10/9/2020 7:19:23 AM EDT
[#25]
Quote HistoryQuoted: Lol I would pay into SS for the rest of my life and never take a dime if it meant my children didn't have to be a part of government sponsored wealth redistribution program. Fuck all the old people who never figured out that saving money matters. Quote HistoryQuoted: Quoted: I paid my dues and worked my ass off for many years. Came to the beautiful USA from communist Cuba and became a US citizen. I raised a proud right wing Republican conservative family. I deserve to sit outside under my tiki drinking Mojitos while the Millennials work and provide me additional monthly money. One day when my generation dies the millennials will be in my shoes. Hopefully SS will be there for them as well. For now it is my time and I want it now. Lol I would pay into SS for the rest of my life and never take a dime if it meant my children didn't have to be a part of government sponsored wealth redistribution program. Fuck all the old people who never figured out that saving money matters. |
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Posted: 10/9/2020 7:19:55 AM EDT
[#26]
Quote HistoryQuoted: I paid my dues and worked my ass off for many years. Came to the beautiful USA from communist Cuba and became a US citizen. I raised a proud right wing Republican conservative family. I deserve to sit outside under my tiki drinking Mojitos while the Millennials work and provide me additional monthly money. One day when my generation dies the millennials will be in my shoes. Hopefully SS will be there for them as well. For now it is my time and I want it now. Well I wish I could say I was surprised by this post. 
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Posted: 10/9/2020 7:20:37 AM EDT
[#27]
Quote HistoryQuoted: Comes from communist country to be free but still wants communism. Quote HistoryQuoted: Quoted: I paid my dues and worked my ass off for many years. Came to the beautiful USA from communist Cuba and became a US citizen. I raised a proud right wing Republican conservative family. I deserve to sit outside under my tiki drinking Mojitos while the Millennials work and provide me additional monthly money. One day when my generation dies the millennials will be in my shoes. Hopefully SS will be there for them as well. For now it is my time and I want it now. Comes from communist country to be free but still wants communism. He votes to keep it that way as well. |
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Posted: 10/9/2020 7:21:07 AM EDT
[#28]
Quote HistoryQuoted: Its also a Ponzi scheme. The people who get in early make mad money when they punch out (or die in this case ).Its the suckers at the tail end of the scheme that get fucked. All the younger people paying in right now will never see a dime by the time they hit retirement age. Yes, but it's just not tail-end-charlie but anyone who is alive and contributed to it. I'll never see a dime and I'm reired. |
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Posted: 10/9/2020 7:22:31 AM EDT
[#29]
I had to fucking Google that, I didn't believe it true.
She lived 100 years and collected for 35. |
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Posted: 10/9/2020 7:24:30 AM EDT
[#30]
Quote HistoryQuoted: So glad I don’t have to pay into it at my full time job. ‘ Me too....fuck them. . |
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Posted: 10/9/2020 7:24:59 AM EDT
[#31]
Quote HistoryQuoted: I have paid into it, I have paid into unemployment too ( Which I never have used ) for almost forty years, paid my taxes, and every other thing that was asked of me. At 62 I will start collecting on what the government has used my money to invest in. Seven more years to go. Unemployment is, to my understanding, an actual insurance. In NJ the employer's contribution is higher if they are frequent users. SS deductions go straight into the Treasury's general account. |
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Posted: 10/9/2020 7:30:43 AM EDT
[#32]
Quote HistoryQuoted: I paid my dues and worked my ass off for many years. Came to the beautiful USA from communist Cuba and became a US citizen. I raised a proud right wing Republican conservative family. I deserve to sit outside under my tiki drinking Mojitos while the Millennials work and provide me additional monthly money. One day when my generation dies the millennials will be in my shoes. Hopefully SS will be there for them as well. For now it is my time and I want it now. Disgusting ass post. You fucking fled a Communist country but embrace wealth distribution here. |
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Posted: 10/9/2020 7:33:45 AM EDT
[#33]
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Posted: 10/9/2020 7:35:30 AM EDT
[#34]
Quote HistoryQuoted: Hopefully SS will be there for them as well. For now it is my time and I want it now. I’d rather just phase it out. |
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Posted: 10/9/2020 7:37:25 AM EDT
[#35]
Quote HistoryQuoted: I'd rather just phase it out. Quote HistoryQuoted: Quoted: Hopefully SS will be there for them as well. For now it is my time and I want it now. I'd rather just phase it out.  |
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Posted: 10/9/2020 7:37:55 AM EDT
[#36]
I don't care.
I want to opt out and I want my money back. |
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Posted: 10/9/2020 7:38:26 AM EDT
[#37]
Quote HistoryQuoted: This boomer wants his cut. Last time I looked at my statement over $300K had been paid into the system by me and my employers since I started working in 1978. 58 now and plan on drawing my first check at 62. I've planned and saved like it wouldn't be there for me but I'm going to do my best to live long enough to get all of that $300K back plus interest. Unless you think you’re going to get $1mm+ out if it, you got scammed if you paid in over $300K beginning in 1978. |
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Posted: 10/9/2020 7:38:34 AM EDT
[#38]
Quote HistoryQuoted: LOL... that $300k is long gone and you ain't getting it back. Quote HistoryQuoted: Quoted: This boomer wants his cut. Last time I looked at my statement over $300K had been paid into the system by me and my employers since I started working in 1978. 58 now and plan on drawing my first check at 62. I've planned and saved like it wouldn't be there for me but I'm going to do my best to live long enough to get all of that $300K back plus interest. You are directionally correct, I'll be taking it from your kids |
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Posted: 10/9/2020 7:39:24 AM EDT
[#39]
Quote HistoryQuoted: Its also a Ponzi scheme. The people who get in early make mad money when they punch out (or die in this case ).Its the suckers at the tail end of the scheme that get fucked. All the younger people paying in right now will never see a dime by the time they hit retirement age. I agree. That said, if they want to cancel it I want my money back with interest/gains I would have had if I invested it conservatively. |
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Posted: 10/9/2020 7:39:39 AM EDT
[#40]
Quote HistoryQuoted: Unemployment is, to my understanding, an actual insurance. In NJ the employer's contribution is higher if they are frequent users. SS deductions go straight into the Treasury's general account. Unemployment is state-run and a totally different system, in every way. |
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Posted: 10/9/2020 7:45:02 AM EDT
[#41]
The government wants you working for the man to prop up the economy. You pay approx 15% self employment tax to be self employed, approx your 7.5% and the 7.5% your employeer would pay if you weren't self employed. Social security payment.
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Posted: 10/9/2020 7:45:08 AM EDT
[#42]
Great, just what ARF needs right now... another divisive troll thread.
Everyone already knows that SS is fucked up. |
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Posted: 10/9/2020 7:47:59 AM EDT
[#43]
Quote HistoryQuoted: Great, just what ARF needs right now... another divisive troll thread. Everyone already knows that SS is fucked up.
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Posted: 10/9/2020 7:50:34 AM EDT
[#44]
Quote HistoryQuoted: Lol I would pay into SS for the rest of my life and never take a dime if it meant my children didn’t have to be a part of government sponsored wealth redistribution program. Fuck all the old people who never figured out that saving money matters. THIS. |
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Posted: 10/9/2020 7:50:41 AM EDT
[#45]
Quote HistoryQuoted: Great, just what ARF needs right now... another divisive troll thread. Everyone already knows that SS is fucked up. Quote HistoryQuoted: Great, just what ARF needs right now... another divisive troll thread. Everyone already knows that SS is fucked up. We even have a member say he didn't know this. Quoted: I had to fucking Google that, I didn't believe it true. She lived 100 years and collected for 35. |
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Posted: 10/9/2020 7:51:17 AM EDT
[#46]
Quote HistoryQuoted: Then what's the divide? Quote HistoryQuoted: Quoted: Great, just what ARF needs right now... another divisive troll thread. Everyone already knows that SS is fucked up. 
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Posted: 10/9/2020 7:51:20 AM EDT
[#47]
why do you think the dem gov's were killing off old people with the corona
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Posted: 10/9/2020 7:51:30 AM EDT
[#48]
I am not sure why all the hate over my post. They are not gong to phase it out. You are already paying into it.
It is your money. I already have plenty of assets but I sure as hell am not going to leave money on the table if I can get it. LETS PONDER THIS FOR A MINUTE. You all have hobbies: shooting, fishing, boating, hunting etc....Do not use your other pockets of income for your hobbies. Use your SS money. I am not sure why you are all hating on me. |
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Posted: 10/9/2020 7:52:39 AM EDT
[#49]
I can hardly wait to collect my piece of the pie
 It would have worked had it not been raided and replaced with IOUs |
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Posted: 10/9/2020 7:53:33 AM EDT
[#50]
Quote HistoryQuoted: I have paid into it, I have paid into unemployment too ( Which I never have used ) for almost forty years, paid my taxes, and every other thing that was asked of me. At 62 I will start collecting on what the government has used my money to invest in. Seven more years to go.  all I want.wmv That is the way I look at it. I paid in. |
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