Social Security...

[ManyBeers]

"Social Security is not a check you receive from the Government at 62 years; Social Security is never needing those checks"
ManyBeers

 

[JS80]

"Social Security is the tax we pay to support our parents when they retire. Our retirement is 401k, ING, Roth IRA, stocks and bonds."

 

[DurocShark]

When ya'll are ready to retire you'll be saying, "Social Security? Isn't that the thing that supported my grandparents when they got old? Yeah, I think I've heard of it."

 

[madeupfacts]

Social Security is teh $60k anti vampire system i purchased

 

[Pikachu]

Yeah, but our parents paid that asinine tax for themselves already. God forbid we try and put an end to that BS! :|

 

[jadinolf]

Originally posted by: ManyBeers
"Social Security is not a check you receive from the Government at 62 years; Social Security is never needing those checks"
ManyBeers

It's true but I've been getting a check for over 10 years and I need it.

 

[SarcasticDwarf]

Originally posted by: Pikachu
Yeah, but our parents paid that asinine tax for themselves already. God forbid we try and put an end to that BS! :|

My understanding is that our parents DID NOT pay for it. The system relied on having many times more people paying into the system than receiving funds (as in, a rapid growth rate). They knew that would no continue to take place, but they left the burden on our generation anyway.

 

[minendo]

Social Security is a fvcking joke. 'Nuff said.

 

[Baked]

SS is for people who don't know how to manage their money when they're still young.

 

[daniel1113]

Originally posted by: minendo
Social Security is a fvcking joke. 'Nuff said.

:beer:

 

[bennylong]

Social Security is something people will collect when they are 79 1/2 years old in the year 2040

 

[Legend]

Originally posted by: JS80
"Social Security is the tax we pay to support our parents when they retire. Our retirement is 401k, ING, Roth IRA, stocks and bonds."

The Greatest Generation

 

[Legend]

Originally posted by: SarcasticDwarf

Originally posted by: Pikachu
Yeah, but our parents paid that asinine tax for themselves already. God forbid we try and put an end to that BS! :|

My understanding is that our parents DID NOT pay for it. The system relied on having many times more people paying into the system than receiving funds (as in, a rapid growth rate). They knew that would no continue to take place, but they left the burden on our generation anyway.

SS if fvcked because it relies on a pyramid social structure. Problem is, the birth rate is down (currently 1.8, below maintenance) and in 20 years the worker to retiree ratio is only 2:1. It used to be a lot higher. Combine that with all the expensive healthcare stuff, and you've got a problem. Payments are already at poverty level, so retirement age is going up, or SS will be taken away from us completely.

If people invested their contributions started when they work into just a low return balanced mutual fund, they would be SS. It's a load of crap.

 

[Tylanner]

SS is of a time when the elderly were respected

 

[Atomicus]

Originally posted by: minendo
Social Security is a fvcking joke. 'Nuff said.

During a game of Apples to Apples, the green card was "Joke" and I happened to put down "social security". I won that round

 

[rh71]

Originally posted by: JS80
"Social Security is the tax we pay to support our parents when they retire.

.Yup, and the only reason I don't bitch about it.

 

[Svnla]

News Flash. There is NO such thing as SS trust fund!!!!!!!. All we have now is a bunch of IOUs from the government.

Young folks like us need to save as much as possible and don't count on SS when we are old.

 

[bennylong]

Originally posted by: Legend

Originally posted by: SarcasticDwarf

Originally posted by: Pikachu
Yeah, but our parents paid that asinine tax for themselves already. God forbid we try and put an end to that BS! :|

My understanding is that our parents DID NOT pay for it. The system relied on having many times more people paying into the system than receiving funds (as in, a rapid growth rate). They knew that would no continue to take place, but they left the burden on our generation anyway.

SS if fvcked because it relies on a pyramid social structure. Problem is, the birth rate is down (currently 1.8, below maintenance) and in 20 years the worker to retiree ratio is only 2:1. It used to be a lot higher. Combine that with all the expensive healthcare stuff, and you've got a problem. Payments are already at poverty level, so retirement age is going up, or SS will be taken away from us completely.

If people invested their contributions started when they work into just a low return balanced mutual fund, they would be SS. It's a load of crap.

NO doubt, this generation got screwed over! SS is the biggest pyramid scheme in the entire world.

People are living longer and the younger generation are having less kids, more works are being outsourced, meaning this entire pyramid scheme is going to fall apart in 30 years, right when I'm supposed to collect.

 

[Pikachu]

It's another typical idiotic, liberal/Democrat/Socialist program escapade run amok, and the joke's on us. Sorry if I'm not laughing, but the thousands I kick in, as well as the thousands my employer kicks in on my behalf, could be MUCH better spent!

Oh, and who is it dragging their feet on helping get rid of this fiasco of a program? :roll: