NaughtyGeek
Golden Member
Why, oh why, did we kill off McCarthyism?
Roger, thatOriginally posted by: Rangoric
When they take money out of Social Security (or borrow or whatever), the least they could do is use it for this.
You mean like my retirement is paying for the illegal Bush Occupation of Iraq?? Over $4 trillion has been *looted* out of gov't trust funds. C'mon CPA, tell us how you plan to pay that $4 trillion back without tax dollars???. More Tax Cuts??? I'm waiting . . . .Originally posted by: CPA
great, now more of my money can go to other people's retirement.
Originally posted by: Shivetya
Do you do anything but lie? Or you just don't know what your talking about? . . . The Bush plan includes the creation of two new accounts.... That does NOT sound like taking anyone's money.
Originally posted by: 1EZduzit
Originally posted by: Queasy
Originally posted by: techs
Doesn't anyone remember this plan?
When Bush proposed it three years ago!
This barely resembles the Bush plan. Bush proposed giving people the option to put a small portion of their own money that goes into SS into private accounts where they choose what to invest but it is overseen by the government.
Hillary is proposing taking money from the rich/wealthy and distributing it to everybody.
What was that the Bushies used to say back when they had control of the WH, Senate, and House?
Oh yeah, "majority rules".
Originally posted by: heyheybooboo
Roger, thatOriginally posted by: Rangoric
When they take money out of Social Security (or borrow or whatever), the least they could do is use it for this.
You mean like my retirement is paying for the illegal Bush Occupation of Iraq?? Over $4 trillion has been *looted* out of gov't trust funds. C'mon CPA, tell us how you plan to pay that $4 trillion back without tax dollars???. More Tax Cuts??? I'm waiting . . . .Originally posted by: CPA
great, now more of my money can go to other people's retirement.
Originally posted by: Shivetya
Do you do anything but lie? Or you just don't know what your talking about? . . . The Bush plan includes the creation of two new accounts.... That does NOT sound like taking anyone's money.
You need a new taking point. The Bush plan phased out traditional IRAs - you therefore would not be able to reduce your taxable income by contributing to an IRA. Sounds like a tax increase to me - or more typical Republican double-speak. Any IRA savings that were rolled into an RSA before Jan. 1, 2004 would be taxed over four years.
By the way, how do you propose to pay the $4 trillion back to us Real Americans???
Originally posted by: heyheybooboo
You need a new taking point. The Bush plan phased out traditional IRAs - you therefore would not be able to reduce your taxable income by contributing to an IRA. Sounds like a tax increase to me - or more typical Republican double-speak. Any IRA savings that were rolled into an RSA before Jan. 1, 2004 would be taxed over four years.
Originally posted by: Shivetya
Originally posted by: heyheybooboo
You need a new taking point. The Bush plan phased out traditional IRAs - you therefore would not be able to reduce your taxable income by contributing to an IRA. Sounds like a tax increase to me - or more typical Republican double-speak. Any IRA savings that were rolled into an RSA before Jan. 1, 2004 would be taxed over four years.
Since your to dense to understand the benefits let me spell them out for you.
First this program would encourage savings which benefits all Americans.
Second this program front loads taxes which increases Government revenues while giving Americans a break when they go to spend their savings in retirement. This benefit is double for the poor who do not benefit from current 401k as many upper income people would.
Third, people would be encouraged to roll their 401ks into the new program. This would give Americans an even better reason to save as they know ITS THEIRS and not the governments. They are saving for their future.
Since the taxes are front loaded Americans are given the benefit at the end. This cannot be underestimated as their savings will grow under this plan. This actually works very well in enforcing the idea of saving money. There is a real benefit to saving instead of getting socked by the government for doing it. Roth IRAs work this way and I don't see people crying about them
Roth IRAs work this way and I don't see people crying about them
Originally posted by: NaughtyGeek
Roth IRAs work this way and I don't see people crying about them
Because, if I'm not mistaken, I'm not paying for your Roth IRA. If people want money for when they retire, then they should save it, not me. If they can't afford to put money aside, maybe they should cut off the cable or carpool to work. The last freaking thing I want to do is start paying more "Social Security" seeing as I'll never see that money again as it is. There are quite a few socialist nations out there for those of you desiring that particular utopia.
Originally posted by: spidey07
Originally posted by: NaughtyGeek
Roth IRAs work this way and I don't see people crying about them
Because, if I'm not mistaken, I'm not paying for your Roth IRA. If people want money for when they retire, then they should save it, not me. If they can't afford to put money aside, maybe they should cut off the cable or carpool to work. The last freaking thing I want to do is start paying more "Social Security" seeing as I'll never see that money again as it is. There are quite a few socialist nations out there for those of you desiring that particular utopia.
Nice post. You get it.
Not to mention a Roth gives you the freedom (umm, founding principals of our country?) to choose what you want and control your own destiny.
Originally posted by: Moonbeam
Like Pabster, I prefer politicians who are brain dead and never have any ideas.
Originally posted by: Rainsford
It might not be "fair" to have wealthier people pay more for those things, especially when they tend to use them less...but I look at it this way, this country did a lot to help get wealthier people where they are, asking them to give something back doesn't seem too unreasonable to me.
Originally posted by: spidey07
Originally posted by: Rainsford
It might not be "fair" to have wealthier people pay more for those things, especially when they tend to use them less...but I look at it this way, this country did a lot to help get wealthier people where they are, asking them to give something back doesn't seem too unreasonable to me.
And that's our fundamental disagreement and why the liberal class warfare approach is appealing to many. I on the other hand side on the "give me liberty" side and have the constitution in my work office and home office.
You side with a socialist/communist side. "but they have too much money! We must take!" And I fundamentally disagree with that, based on the constitution and what we (the USA) stand for.
This country did NOT do a lot to help them succeed. They did it themselves DESPITE the barriers continually being put into place.
Self reliance for the win.
Originally posted by: palehorse74
I believe that one of Hillary's goals is to eliminate the middle-class altogether.
Originally posted by: spidey07
...
Self reliance for the win.
Originally posted by: spidey07
Originally posted by: Rainsford
It might not be "fair" to have wealthier people pay more for those things, especially when they tend to use them less...but I look at it this way, this country did a lot to help get wealthier people where they are, asking them to give something back doesn't seem too unreasonable to me.
And that's our fundamental disagreement and why the liberal class warfare approach is appealing to many. I on the other hand side on the "give me liberty" side and have the constitution in my work office and home office.
You side with a socialist/communist side. "but they have too much money! We must take!" And I fundamentally disagree with that, based on the constitution and what we (the USA) stand for.
This country did NOT do a lot to help them succeed. They did it themselves DESPITE the barriers continually being put into place.
Self reliance for the win.
Originally posted by: Rainsford
And at the risk of making too many posts in a row, you need to invest in a dictionary. It's "communism" when the job market is totally flat, where there is no advantage to being a doctor vs being a waiter. Do we really seem in danger of that?
Get off the phone you big dope!!! 🙂Originally posted by: spidey07
Who wants to bet the stocks/funds offered by such a program would be directly tied to clintonco's holdings?
ps - if anybody listened to Mark Levin tonight, I was John from Louisville trying to understand if hillary is a communist or socialist. Seems the consensus is she's more marx than socialist.
Originally posted by: Rainsford
Originally posted by: spidey07
Originally posted by: NaughtyGeek
Roth IRAs work this way and I don't see people crying about them
Because, if I'm not mistaken, I'm not paying for your Roth IRA. If people want money for when they retire, then they should save it, not me. If they can't afford to put money aside, maybe they should cut off the cable or carpool to work. The last freaking thing I want to do is start paying more "Social Security" seeing as I'll never see that money again as it is. There are quite a few socialist nations out there for those of you desiring that particular utopia.
Nice post. You get it.
Not to mention a Roth gives you the freedom (umm, founding principals of our country?) to choose what you want and control your own destiny.
No he doesn't "get it", and neither do you. The point of these programs isn't to help out people who have plenty of money...they don't need government help. But propaganda aside, not everyone can save for retirement...and with social security going down the tubes, we're either going to do something or have a lot of homeless old people. If you were a Wal-Mart greeter, spidey, you might have a point...but you're not, you make what is probably a very decent living doing some sort of telcom network engineering (or something close). You CAN afford retirement, but should the system really be designed around your personal needs?
I've said it before and I'll say it again, nobody likes paying taxes, but I don't see that stopping people from trying to get rich. Let's face it, there are still a TON of incentives to being wealthy, and the higher taxes you pay don't seem to be crippling the upper class too much. In a perfect world, we'd all pay the same thing...but it's not a perfect world, and there are certain things a decent society needs to have in order to function. It might not be "fair" to have wealthier people pay more for those things, especially when they tend to use them less...but I look at it this way, this country did a lot to help get wealthier people where they are, asking them to give something back doesn't seem too unreasonable to me.
Originally posted by: Rainsford
And at the risk of making too many posts in a row, you need to invest in a dictionary. It's "communism" when the job market is totally flat, where there is no advantage to being a doctor vs being a waiter. Do we really seem in danger of that?
Originally posted by: spidey07
ps - if anybody listened to Mark Levin tonight, I was John from Louisville trying to understand if hillary is a communist or socialist. Seems the consensus is she's more marx than socialist.
Originally posted by: dmcowen674
Originally posted by: 1EZduzit
Originally posted by: Queasy
Originally posted by: techs
Doesn't anyone remember this plan?
When Bush proposed it three years ago!
This barely resembles the Bush plan. Bush proposed giving people the option to put a small portion of their own money that goes into SS into private accounts where they choose what to invest but it is overseen by the government.
Hillary is proposing taking money from the rich/wealthy and distributing it to everybody.
What was that the Bushies used to say back when they had control of the WH, Senate, and House?
Oh yeah, "majority rules".
:laugh: