Privatization of Social Security

[Red Dawn]

Originally posted by: Valvoline6
Social Security is not an account that you pay into and then get back. If you die your hiers do not get the money you put into it. If you die before you get a dime of it you lose it. The Social Security tax is just that. It's not waiting for you in an account. It's already gone.

I am very much in favor of allowing the option of privatization.

Originally posted by: Red Dawn
As long as we get back all the money we put into it I'd be ok with it. I've been paying into it for 34 years and I would be pissed if that just went away. I would however like to be able to take that money I've out into it and invest it. I'm sure I could do a much better job at it than the Government, especially the one in power now!

Funny, I received a statement from SS that told me how much I paid in and how much I would receive monthly upon retirement at 67 or if I were to become permanently disabled.

If I had only been paying into it for 10 years or so I wouldn't mind losing that money but since I have been paying into it all my adult life (since I was 16) it would bother me to just have it go away.

 

[Darkhawk28]

Originally posted by: Red Dawn

Originally posted by: Valvoline6
Social Security is not an account that you pay into and then get back. If you die your hiers do not get the money you put into it. If you die before you get a dime of it you lose it. The Social Security tax is just that. It's not waiting for you in an account. It's already gone.

I am very much in favor of allowing the option of privatization.

Originally posted by: Red Dawn
As long as we get back all the money we put into it I'd be ok with it. I've been paying into it for 34 years and I would be pissed if that just went away. I would however like to be able to take that money I've out into it and invest it. I'm sure I could do a much better job at it than the Government, especially the one in power now!

Funny, I received a statement from SS that told me how much I paid in and how much I would receive monthly upon retirement at 67 or if I were to become permanently disabled.

If I had only been paying into it for 10 years or so I wouldn't mind losing that money but since I have been paying into it all my adult life (since I was 16) it would bother me to just have it go away.

It would be a breach of contract, in my eyes, and I'd demand a full refund of every penny I'd put into the system.

 

[Red Dawn]

Originally posted by: Darkhawk28

Originally posted by: Red Dawn

Originally posted by: Valvoline6
Social Security is not an account that you pay into and then get back. If you die your hiers do not get the money you put into it. If you die before you get a dime of it you lose it. The Social Security tax is just that. It's not waiting for you in an account. It's already gone.

I am very much in favor of allowing the option of privatization.

Originally posted by: Red Dawn
As long as we get back all the money we put into it I'd be ok with it. I've been paying into it for 34 years and I would be pissed if that just went away. I would however like to be able to take that money I've out into it and invest it. I'm sure I could do a much better job at it than the Government, especially the one in power now!

Funny, I received a statement from SS that told me how much I paid in and how much I would receive monthly upon retirement at 67 or if I were to become permanently disabled.

If I had only been paying into it for 10 years or so I wouldn't mind losing that money but since I have been paying into it all my adult life (since I was 16) it would bother me to just have it go away.

It would be a breach of contract, in my eyes, and I'd demand a full refund of every penny I'd put into the system.

Well there are different opinions and maybe Valvoline6's might be correct. But I seriously doubt that they would be able to sell it, especially to those who vote in the highest percentage, people over the age of 45.

 

[Rob9874]

Originally posted by: Infohawk
So who is going to feel sorry for the Bush supporters that lose their pensions in 20 or 30 years (or even before that)?

Face it, once the government doesn't guarantee some retirement income, there will be a lot of schmucks who lose their retirement. Should we feel bad for them if they voted Republican?

You act as if the gift of a guaranteed retirement income from the government is going to be stripped of us, as a result of voting for Bush. Well, one of the reasons I voted for Bush, was for privitization of SS. See, I am a conservative, and believe that the individual can thrive, without the help of government.

"Aw shucks! Without the garunteed $1000/month from Social Securitee, how am I going to survive? I'm too stoopid to know how to plan for retirement. I need my gobernment to do it fer me." :roll:

 

[Rob9874]

Originally posted by: Darkhawk28

It would be a breach of contract, in my eyes, and I'd demand a full refund of every penny I'd put into the system.

I pay alot of taxes that go towards social programs that I don't see a dime of. Forced altruism. I don't see how SS is any different.

 

[Darkhawk28]

Originally posted by: Rob9874

Originally posted by: Infohawk
So who is going to feel sorry for the Bush supporters that lose their pensions in 20 or 30 years (or even before that)?

Face it, once the government doesn't guarantee some retirement income, there will be a lot of schmucks who lose their retirement. Should we feel bad for them if they voted Republican?

You act as if the gift of a guaranteed retirement income from the government is going to be stripped of us, as a result of voting for Bush. Well, one of the reasons I voted for Bush, was for privitization of SS. See, I am a conservative, and believe that the individual can thrive, without the help of government.

"Aw shucks! Without the garunteed $1000/month from Social Securitee, how am I going to survive? I'm too stoopid to know how to plan for retirement. I need my gobernment to do it fer me." :roll:

I hope you live to be 80-something and all your money runs out so that you can feel what it's like to have to depend on that $1k/month to survive.

 

[Infohawk]

Originally posted by: Rob9874

You act as if the gift of a guaranteed retirement income from the government is going to be stripped of us, as a result of voting for Bush.

Yeah. Privatization is basically double-speak for getting rid of it. There's a reason people like US bonds, they're guaranteed. Once your retirement is only in private hands, there aren't going to be guarantees. Some people will lose their retirement like with Enron. For the people that asked for it, am I supposed to feel bad for them?

 

[charrison]

Originally posted by: Infohawk

Originally posted by: Rob9874

You act as if the gift of a guaranteed retirement income from the government is going to be stripped of us, as a result of voting for Bush.

Yeah. Privatization is basically double-speak for getting rid of it. There's a reason people like US bonds, they're guaranteed. Once your retirement is only in private hands, there aren't going to be guarantees. Some people will lose their retirement like with Enron. For the people that asked for it, am I supposed to feel bad for them?

Bonds an investment vehicle that can and should be part of anyones retirements portfolio. Young people should not be investing heavily in bonds however....

 

[Rob9874]

Originally posted by: Darkhawk28

I hope you live to be 80-something and all your money runs out so that you can feel what it's like to have to depend on that $1k/month to survive.

See, that's where liberals are so dumb. I'm not even expecting there to be any SS when I'm 65!!! The fact that it hasn't been abolished yet, does not guarantee any money for me. You have been brainwashed into thinking that Father Government is going to take care of everybody. That may be good for you, but not me. I'm already planning ahead for retirement. I know, I need several million to survive after retirement. That's why I'm planning now. I'm right on track. Even for an early retirement. Don't worry about me.

 

[Darkhawk28]

Originally posted by: Rob9874

Originally posted by: Darkhawk28

I hope you live to be 80-something and all your money runs out so that you can feel what it's like to have to depend on that $1k/month to survive.

See, that's where liberals are so dumb. I'm not even expecting there to be any SS when I'm 65!!! The fact that it hasn't been abolished yet, does not guarantee any money for me. You have been brainwashed into thinking that Father Government is going to take care of everybody. That may be good for you, but not me. I'm already planning ahead for retirement. I know, I need several million to survive after retirement. That's why I'm planning now. I'm right on track. Even for an early retirement. Don't worry about me.

Well, I'm hoping that there is and that you'll realize how dumb you are, when all your money dries up and there's only a ss check to help you.

Edit: BTW, Social Security is NOT a handout. It is something that people have paid into for upwards of a half-a-century and deserve to get compensated for.

 

[Rob9874]

Originally posted by: Infohawk

Originally posted by: Rob9874

You act as if the gift of a guaranteed retirement income from the government is going to be stripped of us, as a result of voting for Bush.

Yeah. Privatization is basically double-speak for getting rid of it. There's a reason people like US bonds, they're guaranteed. Once your retirement is only in private hands, there aren't going to be guarantees. Some people will lose their retirement like with Enron. For the people that asked for it, am I supposed to feel bad for them?

You too have been brainwashed by the democrats into thinking that the individual needs the government for a guarantee. Well, make privitization a choice. Let those risk-takers like me forfeit my guarantee, and go for something with a higher return. After all, it's my money, it's my future, let me make my own decisions. I don't need the help of government.

 

[Red Dawn]

Originally posted by: Rob9874

Originally posted by: Infohawk
So who is going to feel sorry for the Bush supporters that lose their pensions in 20 or 30 years (or even before that)?

Face it, once the government doesn't guarantee some retirement income, there will be a lot of schmucks who lose their retirement. Should we feel bad for them if they voted Republican?

You act as if the gift of a guaranteed retirement income from the government is going to be stripped of us, as a result of voting for Bush. Well, one of the reasons I voted for Bush, was for privitization of SS. See, I am a conservative, and believe that the individual can thrive, without the help of government.

"Aw shucks! Without the garunteed $1000/month from Social Securitee, how am I going to survive? I'm too stoopid to know how to plan for retirement. I need my gobernment to do it fer me." :roll:

What a pompous little weasel you are.

That said I agree with you that we should be able to survive without the help of the government. I just want the money that I already earned and put into SS back even without interest. That way I can use to along with the other funds I have set aside for retirement. I should have the same opportunity as you younger guys who will not have had to pay it. That extra money would come in handy to pay for Medical Insurance that should be astronomical by the time I retire.

 

[Infohawk]

Originally posted by: Rob9874

Originally posted by: Infohawk

Originally posted by: Rob9874

You act as if the gift of a guaranteed retirement income from the government is going to be stripped of us, as a result of voting for Bush.

Yeah. Privatization is basically double-speak for getting rid of it. There's a reason people like US bonds, they're guaranteed. Once your retirement is only in private hands, there aren't going to be guarantees. Some people will lose their retirement like with Enron. For the people that asked for it, am I supposed to feel bad for them?

You too have been brainwashed by the democrats into thinking that the individual needs the government for a guarantee. Well, make privitization a choice. Let those risk-takers like me forfeit my guarantee, and go for something with a higher return. After all, it's my money, it's my future, let me make my own decisions. I don't need the help of government.

And for the risk-takers that lose it all, am I supposed to feel sorry for them?

 

[Rob9874]

Originally posted by: charrison

Young people should be investing heavily in bonds however....

Why?

 

[Darkhawk28]

Originally posted by: Rob9874

Originally posted by: charrison

Young people should be investing heavily in bonds however....

Why?

Let me guess: You loved junk bonds didn't you.

 

[charrison]

Originally posted by: Rob9874

Originally posted by: charrison

Young people should not be investing heavily in bonds however....

Why?

the typo is fixed

 

[Rob9874]

Originally posted by: Infohawk

And for the risk-takers that lose it all, am I supposed to feel sorry for them?

Not at all. And when I retire at 50, and you're still working at 65, am I supposed to feel sorry for you?

 

[Rob9874]

Originally posted by: charrison

Originally posted by: Rob9874

Originally posted by: charrison

Young people should not be investing heavily in bonds however....

Why?

the typo is fixed

I figured it probably was a typo.

Originally posted by: Darkhawk28

Let me guess: You loved junk bonds didn't you.

I've never owned one.

 

[Red Dawn]

Originally posted by: Rob9874

Originally posted by: Infohawk

And for the risk-takers that lose it all, am I supposed to feel sorry for them?

Not at all. And when I retire at 50, and you're still working at 65, am I supposed to feel sorry for you?

If you have a job that you will not want to do past the age of 50 maybe it's you who we should feel sorry for.

 

[Rob9874]

Originally posted by: Red Dawn

Originally posted by: Rob9874

Originally posted by: Infohawk

And for the risk-takers that lose it all, am I supposed to feel sorry for them?

Not at all. And when I retire at 50, and you're still working at 65, am I supposed to feel sorry for you?

If you have a job that you will not want to do past the age of 50 maybe it's you who we should feel sorry for.

Man, you are the quintessential liberal aren't you? I don't want ANY job past 50. I don't want any job past 30, but I have to survive.

 

[Mill]

It is an issue of individual responsibility, so I feel that people should have the choice to opt out. However, if someone wants the government to continue to garnish their checks and put it in SS -- then by all means. I think the most attractive solution is creating a 401k type program. You don't have to put in, but if you do there are penalties for withdrawing(minus a few situations). If you don't put in, however, you can't claim to be indigent when you are 75. It really is a Black Hole, because you will always have people that -- even if it is their own fault -- want the government to take care of them. I think if you refuse to put-in then that's your bad. Just like if you chose to put-in and then lost most, if not all of it. Personal choice, and personal responsibility. If you are a sissy just put it in bonds.

 

[Rob9874]

Originally posted by: Mill
It is an issue of individual responsibility, so I feel that people should have the choice to opt out. However, if someone wants the government to continue to garnish their checks and put it in SS -- then by all means. I think the most attractive solution is creating a 401k type program. You don't have to put in, but if you do there are penalties for withdrawing(minus a few situations). If you don't put in, however, you can't claim to be indigent when you are 75. It really is a Black Hole, because you will always have people that -- even if it is their own fault -- want the government to take care of them. I think if you refuse to put-in then that's your bad. Just like if you chose to put-in and then lost most, if not all of it. Personal choice, and personal responsibility. If you are a sissy just put it in bonds.

WORD!

 

[Red Dawn]

Originally posted by: Rob9874

Originally posted by: Red Dawn

Originally posted by: Rob9874

Originally posted by: Infohawk

And for the risk-takers that lose it all, am I supposed to feel sorry for them?

Not at all. And when I retire at 50, and you're still working at 65, am I supposed to feel sorry for you?

If you have a job that you will not want to do past the age of 50 maybe it's you who we should feel sorry for.

Man, you are the quintessential liberal aren't you? I don't want ANY job past 50. I don't want any job past 30, but I have to survive.

What's so liberal about getting paid to do what you like to do? I guess if I had to work around a bunch of Stuffed Shirts and had to Kiss ass all day I would not like it but then I would never do that.

 

[charrison]

Originally posted by: Red Dawn

Originally posted by: Rob9874

Originally posted by: Red Dawn

Originally posted by: Rob9874

Originally posted by: Infohawk

And for the risk-takers that lose it all, am I supposed to feel sorry for them?

Not at all. And when I retire at 50, and you're still working at 65, am I supposed to feel sorry for you?

If you have a job that you will not want to do past the age of 50 maybe it's you who we should feel sorry for.

Man, you are the quintessential liberal aren't you? I don't want ANY job past 50. I don't want any job past 30, but I have to survive.

What's so liberal about getting paid to do what you like to do? I guess if I had to work around a bunch of Stuffed Shirts and had to Kiss ass all day I would not like it but then I would never do that.

I think he is talking about the difference between wanting to work and having to work.

 

[Red Dawn]

Originally posted by: charrison

Originally posted by: Red Dawn
What's so liberal about getting paid to do what you like to do? I guess if I had to work around a bunch of Stuffed Shirts and had to Kiss ass all day I would not like it but then I would never do that.

I think he is talking about the difference between wanting to work and having to work.

I understand. My comment though was in reply to this comment of his stating " And when I retire at 50, and you're still working at 65, am I supposed to feel sorry for you", one of may pompous comments he has made in this thread.