Why can't we get rid of social security?

[ARCHIVED THREAD] - Why can't we get rid of social security? (Page 1 of 5)

Posted: 1/14/2013 10:55:58 AM EDT

What a worthless ponzi scheme program

And since I'm self-employed I have to pay DOUBLE social security

By the time I retire it won't even exist. Instead, if I put that money in an IRA I would receive a much better return. But no, government knows best

Posted: 1/14/2013 10:58:16 AM EDT

[#1]

Do I get back all the money I have already put into it?

Posted: 1/14/2013 11:00:33 AM EDT

[#2]

Quoted:
Do I get back all the money I have already put into it?

No, and I am also afraid that they will be none for us when we retire.

Posted: 1/14/2013 11:00:59 AM EDT

[#3]

Quoted:
Do I get back all the money I have already put into it?

there will be someone along shortly to tell you your not entitled...it's a tax.....

Posted: 1/14/2013 11:01:54 AM EDT

[#4]

Well, if you're okay with grandma moving into your basement, sure,why not?

Posted: 1/14/2013 11:02:21 AM EDT

[#5]

It will " Go Away" about the same time that a pack of gum costs 100 dollars.

Posted: 1/14/2013 11:03:08 AM EDT

[#6]

It's for the childrens.

Posted: 1/14/2013 11:03:48 AM EDT

[#7]

Quoted:
Do I get back all the money I have already put into it?

Neither of us will. I figured that out back in the '70s.

Posted: 1/14/2013 11:04:22 AM EDT

[#8]

Political power. Only reason not to privatize it at the very least.

I'm 37.

WANT to retire in 30 years.

If my salary never went up, they took the 12.4% every month and put it in a 401k type account, and I averaged 8% over that time...I'd have over $1.25 Million in that account.

As is I'll probably not see a dime of SS.

Yay.

Posted: 1/14/2013 11:04:59 AM EDT

[#9]

Quoted:

Do I get back all the money I have already put into it?

You didn't put money into anything. Social Security taxes are just that, taxes. There is no special account in the federal government that holds your social security tax that you paid.

Posted: 1/14/2013 11:05:07 AM EDT

[#10]

Quoted:
What a worthless ponzi scheme program

And since I'm self-employed I have to pay DOUBLE social security

By the time I retire it won't even exist. Instead, if I put that money in an IRA I would receive a much better return. But no, government knows best

No, you have to pay the same FICA tax as everyone else, the difference is that you actually see the other half of it instead of it being a hidden tax that most people never understand.

As to eliminating it, it will never happen. The elderly are the highest percentage voting bloc in this country. Every elected official knows it. No one will do anything to offend them.

Posted: 1/14/2013 11:06:02 AM EDT

[#11]

Hate to break to you, but SS and Medicaid are double taxed (or however you want to word) for everyone. I prefer hidden tax since most people dont know about the other half going out thats not on their pay stub.

It is a tax, but everyone close to retirement age will pound the table to get "their" money back. Im willing to pay the tax for the next 25 years if it means we can stop these entitlements. What are you willing to do about the problem?

Posted: 1/14/2013 11:06:06 AM EDT

[#12]

We will end up in a movie like Logans Run and Soylent Green.. We retire, get to enjoy life for one year, and then be terminated, and made into food for the masses.

Posted: 1/14/2013 11:06:46 AM EDT

[#13]

Quoted:
Do I get back all the money I have already put into it?

First post strikes again. That's why we can't get rid of it. Nobody wants to be the last one stolen from when it's easier to just steal from the next guy.

Posted: 1/14/2013 11:09:15 AM EDT

[#14]

Get rid of it. When I'm 70 the world will be a post apocalyptic nightmare. There definitely won't be SS then.

Posted: 1/14/2013 11:09:52 AM EDT

[#15]

Quoted:

Quoted:
Do I get back all the money I have already put into it?

First post strikes again. That's why we can't get rid of it. Nobody wants to be the last one stolen from when it's easier to just steal from the next guy.

Then you just phase it out gradually starting with young people and people who want to opt out of it. People would opt out of it in droves.

Posted: 1/14/2013 11:09:53 AM EDT

[#16]

It's just soooo stupid there is no way we will get rid of it

Posted: 1/14/2013 11:10:45 AM EDT

[#17]

Quoted:
Do I get back all the money I have already put into it?

Since that money is all gone, I'd say no.

Posted: 1/14/2013 11:11:12 AM EDT

[#18]

Quoted:

Quoted:

Do I get back all the money I have already put into it?

there will be someone along shortly to tell you your not entitled...it's a tax.....

Well, "His" money is long gone by now...

Posted: 1/14/2013 11:12:44 AM EDT

[#19]

Just say "anyone under the age of 45 today will never receive SS benefits, plan accordingly" and be done with it already.

Posted: 1/14/2013 11:13:42 AM EDT

[#20]

Then you just phase it out gradually starting with young people and people who want to opt out of it. People would opt out of it in droves.

I don't think the math would ever work. The only way current benefits can keep being paid is for everyone that's paying to keep paying. Somebody is going get screwed. I'm 36... I don't like my chances. All of my retirement planning is based on receiving nothing from SS.

Posted: 1/14/2013 11:13:51 AM EDT

[#21]

They can get rid of it as soon as they cash out my portion

Posted: 1/14/2013 11:15:04 AM EDT

[#22]

Quoted:

Quoted:
Do I get back all the money I have already put into it?

First post strikes again. That's why we can't get rid of it. Nobody wants to be the last one stolen from when it's easier to just steal from the next guy.

He's probably most likely not going to see that money anyway

Also, I didn't say completely just cut it off but we need to phase it out

Posted: 1/14/2013 11:16:01 AM EDT

[#23]

Quoted:
They can get rid of it as soon as they cash out my portion

You can get a pile of worthless IOUs written by long dead retirees. Try not to spend them all at once.

Posted: 1/14/2013 11:16:09 AM EDT

[#24]

Quoted:
What a worthless ponzi scheme program

And since I'm self-employed I have to pay DOUBLE social security

By the time I retire it won't even exist. Instead, if I put that money in an IRA I would receive a much better return. But no, government knows best

Everyone pays double. The "employer contribution" is a cost passed onto the employee in the form of lower wages.

Posted: 1/14/2013 11:16:53 AM EDT

[#25]

Quoted:
They can get rid of it as soon as they cash out my portion

You can consider your portion that $16 trillion dollar debt you left for your grandchildren. No reason for you to leave them with a massive debt and massive liabilities.

Posted: 1/14/2013 11:16:55 AM EDT

[#26]

Old people vote. Next question?

Posted: 1/14/2013 11:16:57 AM EDT

[#27]

Quoted:
They can get rid of it as soon as they cash out my portion

Yup.

I pay into the scam, I regret doing so. I'm too far invested in it to get out without a decent tax free payout.

There are ways to avoid it, especially if you are in your late teens or twentys. Amish and Mennonites are exempt from it. I'd go the Mennonite route if I were to do life over. At least on paper.

Posted: 1/14/2013 11:17:05 AM EDT

[#28]

Quoted:
Just say "anyone under the age of 45 today will never receive SS benefits, plan accordingly" and be done with it already.

All game but not going to happen.

Posted: 1/14/2013 11:17:39 AM EDT

[#29]

Quoted:
What a worthless ponzi scheme program

And since I'm self-employed I have to pay DOUBLE social security

By the time I retire it won't even exist. Instead, if I put that money in an IRA I would receive a much better return. But no, government knows best

It is worthless.

I would agree to pay SS tax on the remainder of my lifetime earnings and agree to never collect a dime
IF
my kids and their decendents could opt out entirely.

Posted: 1/14/2013 11:18:38 AM EDT

[#30]

It's not going away because doing that would cost members of Congress their lucrative positions with the good benefit package.

Everyone will recieve the benefits which have been promised, even if it takes evey free electron on the planet for FedReserve to create enough dollars with which to pay them.

The purchasing power of those benefits is another matter ...

Posted: 1/14/2013 11:19:36 AM EDT

[#31]

Quoted:

Do I get back all the money I have already put into it?

^ that's why you'll never get rid of it.

Posted: 1/14/2013 11:19:46 AM EDT

[#32]

Imagine what would happen if we only used S.S dollars collected for S.S......

Posted: 1/14/2013 11:19:53 AM EDT

[#33]

I am 52 and paying paying in since I was 18.
I want my money back. I will get a freakin lawyer if they tell me nothing is there.
I will sue the government and represent myself if I have to.

Posted: 1/14/2013 11:20:45 AM EDT

[#34]

If this latest flu bug takes off like it was engineered to do is being hyped up in the media, then all the elderly people who are draining the funds out of SS at an astronomical rate would die off. Maybe there'd be hope of saving SS.

Posted: 1/14/2013 11:21:47 AM EDT

[#35]

Quoted:

Quoted:
Do I get back all the money I have already put into it?

^ that's why you'll never get rid of it.

People like that piss me off. Willing to screw over future generations because of selfishness.

Posted: 1/14/2013 11:22:41 AM EDT

[#36]

Quoted:

Quoted:
Do I get back all the money I have already put into it?

^ that's why you'll never get rid of it.

And that's exactly why it's a ponzi scheme. It relies on younger generations paying unfunded liabilities for the older generation

Posted: 1/14/2013 11:23:19 AM EDT

[#37]

Sincere question...

What would happen to all the little old folks living on it?

Posted: 1/14/2013 11:24:21 AM EDT

[#38]

Zombie Apocalypse will hit well before I can collect.

Posted: 1/14/2013 11:24:27 AM EDT

[#39]

Quoted:
Sincere question...

What would happen to all the little old folks living on it?

I didn't say completely cut it off and end it right now. It would have to be phased out and some people would have to continue paying the tax without seeing a return. It's a mess.

Posted: 1/14/2013 11:24:40 AM EDT

[#40]

Because it or not, even with its flaws, is a necessary social safety net.

Posted: 1/14/2013 11:24:54 AM EDT

[#41]

I want it gone now. If they won't just cut it entirely, at least give an opt out option.

Of course that won't happen - it is a ponzi scheme that can't continue without everyone being robbed to pay in.

Posted: 1/14/2013 11:25:07 AM EDT

[#42]

Quoted:

I am 52 and paying paying in since I was 18.
I want my money back. I will get a freakin lawyer if they tell me nothing is there.
I will sue the government and represent myself if I have to.

Your money is gone. You are not "paying in" to anything. Your money is being used as it comes in, and not enough is coming in anyway, so more has to come from other sources.

Posted: 1/14/2013 11:25:20 AM EDT

[#43]

Quoted:
Political power. Only reason not to privatize it at the very least.

I'm 37.

WANT to retire in 30 years.

If my salary never went up, they took the 12.4% every month and put it in a 401k type account, and I averaged 8% over that time...I'd have over $1.25 Million in that account.

As is I'll probably not see a dime of SS.

Yay.

How is the govt supposed to control you if you aren't beholden to them for a monthly check? The demoncraps have this figured out.

Posted: 1/14/2013 11:25:34 AM EDT

[#44]

Quoted:
Because it or not, even with its flaws, is a necessary social safety net.

No.

Posted: 1/14/2013 11:25:56 AM EDT

[#45]

The .gov is in your life and won't be getting out of it any time soon. I'd be willing to give up what I've put in and start investing my own money but the elderly would be screwed for some time. I am planning now to not receive it in when the time comes.

Posted: 1/14/2013 11:26:06 AM EDT

[#46]

Quoted:
Because it or not, even with its flaws, is a necessary social safety net.

Necessary for who? The parasite class? ss is just another tax the productive and pay the parasite class for their votes.

Posted: 1/14/2013 11:26:31 AM EDT

[#47]

Quoted:
Because it or not, even with its flaws, is a necessary social safety net.

It is not sustainable. You can't kick people off of it, but we should raise the age limit to 80.

Posted: 1/14/2013 11:26:31 AM EDT

[#48]

Looks like SS is getting another $100 out of my paychecks now...

Posted: 1/14/2013 11:26:42 AM EDT

[#49]

Quoted:
Because it or not, even with its flaws, is a necessary social safety net.

The primary flaw of course being that it will financially cripple our country.

Posted: 1/14/2013 11:27:42 AM EDT

[#50]

Yep, it's a ponzi scheme. If it were run by anyone but the Gov't it would be illegal.

[ARCHIVED THREAD] - Why can't we get rid of social security? (Page 1 of 5)

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