According to this old people really need social security

[dmcowen674]

Originally posted by: Red Dawn
Abolish it? Fine, just give me back all the money that was paid into my SS acount and let me invest it.

Ahhahahaha and watch the fuggin Politicians get it right back in raising Taxes through the roof.

 

[Geekbabe]

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q]Originally posted by: Dissipate

Originally posted by: Geekbabe

Originally posted by: Dissipate

Originally posted by: sandorski
Certainly some don't need it.

Not according to the gubmint. Benefits are bestowed regardless of income or wealth.

Benefits which are paid out of money taken from each and every worker.You take money from my paycheck every week whether I like it or not,don't come giving me some bull about how it's suddenly "welfare" when it's time for you to start sending me a check.

Btw,SS check amounts are based on little things,like how many years the worker actually worked and how many $ they contributed to the system.Also,every worker is prepaying towards their health insurance via the separate medicare tax.

Two common misconceptions about SS:

1. Benefits are given regardless of income or wealth. (hence the subsidization of the wealthiest age group in America)

2. Many retirees on social security pull more out of the system than they ever paid in.

Your FICA payments are not going into some lockbox somewhere that you will get when you retire. Its going into one big giant pool of money and some will pull more out than they put in, others will pull less out.

The younger generation today will pay FAR FAR more into social security than they ever get out. As the baby boomers retire the system is going to put a huge drag on the younger generation. We will have to work much harder just to make ends meet. Anybody who thinks this is fair is the one who is being cruel, not the other way around.[/quote]


There's been many a payday that I could have really used the monies the government took from my check to fund SS and to pay for medicare but I understood it meant that I was helping to provide a certain basic standard of living for the generation that came before me and that when I retired I could expect the same.I also understood that SS was part of a "three legged stool" that I would need personal savings and pension from my employer to supplement my SS income.

Well pensions went the way of the dinasaur for many workers,telling us at this stage of the game,well we took tens of thousands of dollars of your money and you won't be seeing any of it back is pretty damn cruel as well.


Btw,we are living longer but many of us are living in an increasingly healthier fashion.I expect barring major illness or accident to be an able,productive person well into my old age.

I am almost 47 yrs old and will probably work till I'm close to 70.I don't expect SS to fund all of my retirement but I do expect some return on monies that were taken from me by force

 

[Pliablemoose]

Originally posted by: Red Dawn
Abolish it? Fine, just give me back all the money that was paid into my SS acount and let me invest it.

That's exactly it, I've coughed up a sh1tload of $ for the SS system, & they'll prob means test elgibility by the time I retire & I won't see a penny, or raise the minimum age to where you'll be lucky to live long enough to collect.

 

[thebestMAX]

By Classy

Umm SS is for folks beyond 65. That age group is what is called the prime of life. All kids are grown and homes are usually paid for. Your post is far misleading.

Prime of life, my ASS!

Make me 40 or so again and Id be glad to pay in to support the old f*cks.

If you need SS to survive, in most cases, you just didnt plan, save or what ever. A 6 pack every night, a bass boat and a camper were your highest goals and you wouldnt sacrifice anything for school or even put forth the effort to go. I paid for my kids, their education and my home too and guess what?? Only help I ever got was GI Bill which I earned to HELP with education and home buying. Notice I said help, GI Bill paid for school but how do you live for that 4 years??? Oh, Yeah, cost me 6 years of my life also to EARN it.

BTW, Red, although I got your humor as always, people on minimum wage pay in so little having more kids of that caliber really doesnt help much.

Anybody remember my thread about "nested quotes" a while back?

 

[Dissipate]

Originally posted by: Geekbabe

q]Originally posted by: Dissipate

Originally posted by: Geekbabe

Originally posted by: Dissipate

Originally posted by: sandorski
Certainly some don't need it.

Not according to the gubmint. Benefits are bestowed regardless of income or wealth.

Benefits which are paid out of money taken from each and every worker.You take money from my paycheck every week whether I like it or not,don't come giving me some bull about how it's suddenly "welfare" when it's time for you to start sending me a check.

Btw,SS check amounts are based on little things,like how many years the worker actually worked and how many $ they contributed to the system.Also,every worker is prepaying towards their health insurance via the separate medicare tax.

Two common misconceptions about SS:

1. Benefits are given regardless of income or wealth. (hence the subsidization of the wealthiest age group in America)

2. Many retirees on social security pull more out of the system than they ever paid in.

Your FICA payments are not going into some lockbox somewhere that you will get when you retire. Its going into one big giant pool of money and some will pull more out than they put in, others will pull less out.

The younger generation today will pay FAR FAR more into social security than they ever get out. As the baby boomers retire the system is going to put a huge drag on the younger generation. We will have to work much harder just to make ends meet. Anybody who thinks this is fair is the one who is being cruel, not the other way around.

There's been many a payday that I could have really used the monies the government took from my check to fund SS and to pay for medicare but I understood it meant that I was helping to provide a certain basic standard of living for the generation that came before me and that when I retired I could expect the same.I also understood that SS was part of a "three legged stool" that I would need personal savings and pension from my employer to supplement my SS income.

Well pensions went the way of the dinasaur for many workers,telling us at this stage of the game,well we took tens of thousands of dollars of your money and you won't be seeing any of it back is pretty damn cruel as well.


Btw,we are living longer but many of us are living in an increasingly healthier fashion.I expect barring major illness or accident to be an able,productive person well into my old age.

I am almost 47 yrs old and will probably work till I'm close to 70.I don't expect SS to fund all of my retirement but I do expect some return on monies that were taken from me by force[/quote]

You may understand the government's intentions but do you understand that you should own your own talents, time and life? The government should not have taken FICA out of your paycheck, it should let YOU decide if you want to help old people or not by volunteering or donating to private charities. You are your own person, no one should be allowed to tell you how to spend your efforts, not even government officials with fine hats.

You should get the money back that you paid in, I'm not saying you shouldn't. What I'm saying is this ridiculous social security system needs to end as soon as possible. Those who paid in should get whatever they can back out and the whole system should be phased out and abolished.

 

[Red Dawn]

Originally posted by: Dissipate

Originally posted by: Geekbabe

q]Originally posted by: Dissipate

Originally posted by: Geekbabe

Originally posted by: Dissipate

Originally posted by: sandorski
Certainly some don't need it.

Not according to the gubmint. Benefits are bestowed regardless of income or wealth.

Benefits which are paid out of money taken from each and every worker.You take money from my paycheck every week whether I like it or not,don't come giving me some bull about how it's suddenly "welfare" when it's time for you to start sending me a check.

Btw,SS check amounts are based on little things,like how many years the worker actually worked and how many $ they contributed to the system.Also,every worker is prepaying towards their health insurance via the separate medicare tax.

Two common misconceptions about SS:

1. Benefits are given regardless of income or wealth. (hence the subsidization of the wealthiest age group in America)

2. Many retirees on social security pull more out of the system than they ever paid in.

Your FICA payments are not going into some lockbox somewhere that you will get when you retire. Its going into one big giant pool of money and some will pull more out than they put in, others will pull less out.

The younger generation today will pay FAR FAR more into social security than they ever get out. As the baby boomers retire the system is going to put a huge drag on the younger generation. We will have to work much harder just to make ends meet. Anybody who thinks this is fair is the one who is being cruel, not the other way around.

There's been many a payday that I could have really used the monies the government took from my check to fund SS and to pay for medicare but I understood it meant that I was helping to provide a certain basic standard of living for the generation that came before me and that when I retired I could expect the same.I also understood that SS was part of a "three legged stool" that I would need personal savings and pension from my employer to supplement my SS income.

Well pensions went the way of the dinasaur for many workers,telling us at this stage of the game,well we took tens of thousands of dollars of your money and you won't be seeing any of it back is pretty damn cruel as well.


Btw,we are living longer but many of us are living in an increasingly healthier fashion.I expect barring major illness or accident to be an able,productive person well into my old age.

I am almost 47 yrs old and will probably work till I'm close to 70.I don't expect SS to fund all of my retirement but I do expect some return on monies that were taken from me by force

You may understand the government's intentions but do you understand that you should own your own talents, time and life? The government should not have taken FICA out of your paycheck, it should let YOU decide if you want to help old people or not by volunteering or donating to private charities. You are your own person, no one should be allowed to tell you how to spend your efforts, not even government officials with fine hats.

You should get the money back that you paid in, I'm not saying you shouldn't. What I'm saying is this ridiculous social security system needs to end as soon as possible. Those who paid in should get whatever they can back out and the whole system should be phased out and abolished.[/quote]
How is the Government going to be able to repay us all the money that was paid into our account? I guess by raising our taxes!

 

[thebestMAX]

Naw, Red, You just have to live LONG ENOUGH to get every thing back that you have paid in!! BTW, since Govt doesnt earn any money or create any jobs I guess it is just the taxpayers who pay!

 

[Tripleshot]

I may or may not be mistaken here, but I believe federal employees do not pay into SS at all. I also believe state employewssare not required to pay into SS either. Write your congressman and ask what they are going to do about that. You know damn well they retire after 20 and then grab a civilian job, then dip into SS AND federal funded retirement at tax payers expense. This is a loophole a semi can frive though.:disgust:

 

[thebestMAX]

Well, when you are right, you are right!

 

[Romans828]

Does Kerry want to put SS in a "lock box" like Gore too?

Which side of this issue is he presently on?

 

[Geekbabe]

Originally posted by: Dissipate

Originally posted by: Geekbabe

q]Originally posted by: Dissipate

Originally posted by: Geekbabe

Originally posted by: Dissipate

Originally posted by: sandorski
Certainly some don't need it.

Not according to the gubmint. Benefits are bestowed regardless of income or wealth.

Benefits which are paid out of money taken from each and every worker.You take money from my paycheck every week whether I like it or not,don't come giving me some bull about how it's suddenly "welfare" when it's time for you to start sending me a check.

Btw,SS check amounts are based on little things,like how many years the worker actually worked and how many $ they contributed to the system.Also,every worker is prepaying towards their health insurance via the separate medicare tax.

Two common misconceptions about SS:

1. Benefits are given regardless of income or wealth. (hence the subsidization of the wealthiest age group in America)

2. Many retirees on social security pull more out of the system than they ever paid in.

Your FICA payments are not going into some lockbox somewhere that you will get when you retire. Its going into one big giant pool of money and some will pull more out than they put in, others will pull less out.

The younger generation today will pay FAR FAR more into social security than they ever get out. As the baby boomers retire the system is going to put a huge drag on the younger generation. We will have to work much harder just to make ends meet. Anybody who thinks this is fair is the one who is being cruel, not the other way around.

There's been many a payday that I could have really used the monies the government took from my check to fund SS and to pay for medicare but I understood it meant that I was helping to provide a certain basic standard of living for the generation that came before me and that when I retired I could expect the same.I also understood that SS was part of a "three legged stool" that I would need personal savings and pension from my employer to supplement my SS income.

Well pensions went the way of the dinasaur for many workers,telling us at this stage of the game,well we took tens of thousands of dollars of your money and you won't be seeing any of it back is pretty damn cruel as well.


Btw,we are living longer but many of us are living in an increasingly healthier fashion.I expect barring major illness or accident to be an able,productive person well into my old age.

I am almost 47 yrs old and will probably work till I'm close to 70.I don't expect SS to fund all of my retirement but I do expect some return on monies that were taken from me by force

You may understand the government's intentions but do you understand that you should own your own talents, time and life? The government should not have taken FICA out of your paycheck, it should let YOU decide if you want to help old people or not by volunteering or donating to private charities. You are your own person, no one should be allowed to tell you how to spend your efforts, not even government officials with fine hats.

You should get the money back that you paid in, I'm not saying you shouldn't. What I'm saying is this ridiculous social security system needs to end as soon as possible. Those who paid in should get whatever they can back out and the whole system should be phased out and abolished.[/quote]



Why not do things like raise retirement age,tie payments to what workers paid in and start a dialogue about allowing individuals to invest a portion of their SS contributions?


Wait,we're doing those things!:Q

 

[zephyrprime]

Originally posted by: Pliablemoose

Originally posted by: Red Dawn
Abolish it? Fine, just give me back all the money that was paid into my SS acount and let me invest it.

That's exactly it, I've coughed up a sh1tload of $ for the SS system, & they'll prob means test elgibility by the time I retire & I won't see a penny, or raise the minimum age to where you'll be lucky to live long enough to collect.

If you were born after 1960, your retirement age has already been raised to 67, not 65. This was done way back in 1983. At that time, they realized the coming demographic problems in SS and voted to raise social security taxes and lower benefits in order to be able to pay for the baby boom generation. Unfortunately, they spent all the extra money.

 

[Dissipate]

Originally posted by: Geekbabe

Originally posted by: Dissipate

Originally posted by: Geekbabe

q]Originally posted by: Dissipate

Originally posted by: Geekbabe

Originally posted by: Dissipate

Originally posted by: sandorski
Certainly some don't need it.

Not according to the gubmint. Benefits are bestowed regardless of income or wealth.

Benefits which are paid out of money taken from each and every worker.You take money from my paycheck every week whether I like it or not,don't come giving me some bull about how it's suddenly "welfare" when it's time for you to start sending me a check.

Btw,SS check amounts are based on little things,like how many years the worker actually worked and how many $ they contributed to the system.Also,every worker is prepaying towards their health insurance via the separate medicare tax.

Two common misconceptions about SS:

1. Benefits are given regardless of income or wealth. (hence the subsidization of the wealthiest age group in America)

2. Many retirees on social security pull more out of the system than they ever paid in.

Your FICA payments are not going into some lockbox somewhere that you will get when you retire. Its going into one big giant pool of money and some will pull more out than they put in, others will pull less out.

The younger generation today will pay FAR FAR more into social security than they ever get out. As the baby boomers retire the system is going to put a huge drag on the younger generation. We will have to work much harder just to make ends meet. Anybody who thinks this is fair is the one who is being cruel, not the other way around.

There's been many a payday that I could have really used the monies the government took from my check to fund SS and to pay for medicare but I understood it meant that I was helping to provide a certain basic standard of living for the generation that came before me and that when I retired I could expect the same.I also understood that SS was part of a "three legged stool" that I would need personal savings and pension from my employer to supplement my SS income.

Well pensions went the way of the dinasaur for many workers,telling us at this stage of the game,well we took tens of thousands of dollars of your money and you won't be seeing any of it back is pretty damn cruel as well.


Btw,we are living longer but many of us are living in an increasingly healthier fashion.I expect barring major illness or accident to be an able,productive person well into my old age.

I am almost 47 yrs old and will probably work till I'm close to 70.I don't expect SS to fund all of my retirement but I do expect some return on monies that were taken from me by force

You may understand the government's intentions but do you understand that you should own your own talents, time and life? The government should not have taken FICA out of your paycheck, it should let YOU decide if you want to help old people or not by volunteering or donating to private charities. You are your own person, no one should be allowed to tell you how to spend your efforts, not even government officials with fine hats.

You should get the money back that you paid in, I'm not saying you shouldn't. What I'm saying is this ridiculous social security system needs to end as soon as possible. Those who paid in should get whatever they can back out and the whole system should be phased out and abolished.

Why not do things like raise retirement age,tie payments to what workers paid in and start a dialogue about allowing individuals to invest a portion of their SS contributions?


Wait,we're doing those things!:Q[/quote]

Uh, we are? Who is we? This is definately news to me.

 

[Cerb]

Originally posted by: Orsorum
Why don't we abolish Social Security altogether?

Because old people have invested more in it, and want more benefits.
Need more? The older you are, the more likely you are to vote.
Very simple politics.

 

[Cerb]

Originally posted by: WinstonSmith

Originally posted by: Dissipate

Originally posted by: WinstonSmith
While you are posting "facts", enlighten us with wealth distribution in that age category, and while you are at it health care costs broken down by age.


Edit: Oh, do it for 65+ since they are the ones (mostly) collecting SS.

The government doesn't really care about living costs of younger workers when it collects FICA from them, does it? Working at a fast food place for 6 months I saw my co-workers slave away, barely able to make ends meet all the while paying FICA to the government every 2 weeks.

While we are at it, why don't you post the wealth distribution of the 18-40 year old population and all the costs they have broken down by age.

In case you haven't noticed, 18-40 year olds are generally in better health and are YOUNG. This means they have fewer health issues and are generally more able to work.

For most of you folks, yes. I wish I was in decent health. Aside, though...

You brought this nonsense up. I am starting to think that SS ought to be largely abolished.

There's no way I couldsupport myself right now, and will probably be very bad off when I get to retirement age...but I also agree. Special bonds and savings accounts will certainly do better than SS! AT the least, barring a depression, I could blame myself for future financial troubles,and never need to b!tch about taxes for monies I'll never see.
Really, that's the crux of it, isn't it? The want to CHOOSE where our money goes, beyond basic income and sales taxes. Particularly since taxing one group for the benefit of another is wrong--semantics basically keep SS from being considered that.

In place of that, upon reaching the age of 30, people would have to reimburse their parents in full adjusted for inflation for every cent they spent on raising them.

"Yeah, you're thirty...here's a bill for ~$200,000, modified for decreased dollar value. Have fun."
It would be much more difficult to raisechildren with this additonal debt, as well. Oh, but then I guess you could start chipping away at it when your parents get too old and need your help all the time?