Couple of good articles....

[ssd]

Aside for the people who die before they collect, I imagine most will collect more than they will ever pay in.


Sorry, I really don't want this insurance policy. Can i opt out? Really? Why not? I don't want the coverage. I'm happy to take care of my own retirement - I'll manage it better than you will anyway. REALLY? I HAVE TO PAY INTO THIS SCHEME?

And yes, Duff. I am fully aware of what a ponzi scheme is and that we walked on the moon.

German philosopher Arthur Schopenhauer
stated that all truth goes through three steps.

First, it is ridiculed.
Second, it is violently opposed.
Finally, it is accepted as self-evident.


Keep drinking the Kool-Aid.


Vote Governor Gary Johnson for Pres. 2012

 

[Duff Miver]

Aside for the people who die before they collect, I imagine most will collect more than they will ever pay in.

Sorry, I really don't want this insurance policy. Can i opt out? Really? Why not? I don't want the coverage. I'm happy to take care of my own retirement - I'll manage it better than you will anyway. REALLY? I HAVE TO PAY INTO THIS SCHEME?

Nope, you can't opt out if you are a paid employee. Your employer is going to withhold.

However there are schemes, some legal and some not, which will allow you to not pay FICA. Money which you do not work for is not subject to FICA would include inheritances, gambling winnings, capital gains, interest and dividends. All perfectly legal.

And you can figure out the illegal ones yourself.

But, in general, most people will pay in. You may be wise enough to finance your own retirement by setting aside some of your income over many years, but most people will not deny themselves current money against a retirement far in the future. Some make little and cannot. That, in fact, is the reason SS exists in the first place - many, many people found themselves old and poor, or disabled and poor.

Sorry, but I have no sympathy for your desire not to pay FICA taxes. I pay taxes every day for things I do not want, including wars, schools I do not use, roads I do not drive on, services I do not use, etc. Unlike you, however, I do not whine. While I wish government would spend my money more efficiently, the situation is what it is, and I'm satisfied to live in the USA and pay my fair share.

You just need to live some more years and see whether your opinions change.

And yes, Duff. I am fully aware of what a ponzi scheme is and that we walked on the moon.

Good. Then you know that SS is not a Ponzi scheme as you said.

German philosopher Arthur Schopenhauer
stated that all truth goes through three steps.

First, it is ridiculed.
Second, it is violently opposed.
Finally, it is accepted as self-evident.


Keep drinking the Kool-Aid.

Watch out quoting Schopenhauer -

Compassion is the basis of all morality.

Kool -Aid? No thanks. Good single malt.



Vote Governor Gary Johnson for Pres. 2012

....

 

[ssd]

Whine? Don't think I'm a whiner here, Duff.

It is not my fault people are too stupid to save for their own retirement and have to have it forced upon them by the SSA.

Personal responsibility is a rare quality these days. Much easier to let the gov't do it and they are SO efficient at it.


Sure - I dislike paying for wars and roads and bureaucrats' salaries. And, I dislike sending money for an 'insurance' policy that I will likely never see and do not want.


Again, you use that cliche - 'fair share' - big generalization that NO one CAN or WILL quantify.

Wonder why.....

 

[Duff Miver]

Whine? Don't think I'm a whiner here, Duff.

It is not my fault people are too stupid to save for their own retirement and have to have it forced upon them by the SSA.

Personal responsibility is a rare quality these days. Much easier to let the gov't do it and they are SO efficient at it.


Sure - I dislike paying for wars and roads and bureaucrats' salaries. And, I dislike sending money for an 'insurance' policy that I will likely never see and do not want.


Again, you use that cliche - 'fair share' - big generalization that NO one CAN or WILL quantify.

Wonder why.....

I can't quantify "fair share" for you for two reasons.

1. My idea of fair and yours may be different.

2. I'm not a trained actuary and do not have access to all the necessary data.

Any more questions?

 

[Mags]

He wants to raise the age to 83 lol. Ya got to love the guy. He also seems to shy away from the fact that for the first time in our lifetime people are gonna start dying earlier then we are used to. Kids today be lucky if they get to 55 let alone 65. Could you imagine if people started dying as soon as they hit 50? Mags would set the age requirement at 52. Nice of him. The bottom line is this was a great system until thieves started touching the money and still is a great system. The same dirt bags who want to destroy the system will never turn down the extra cash when it comes to them.

Sponge - that is where you and I differ. The program was meant as "insurance" in case you lived longer than average. It was never meant to be a pension program for those who did not save for retirement.

And it shouldn't be one today.

 

[Duff Miver]

Whine? Don't think I'm a whiner here, Duff.

whine:
 
to snivel or complain in a peevish, self-pitying way:


Sorry, I really don't want this insurance policy. Can i opt out? Really? Why not? I don't want the coverage. I'm happy to take care of my own retirement - I'll manage it better than you will anyway. REALLY? I HAVE TO PAY INTO THIS SCHEME?

 

[Duff Miver]

Sponge - that is where you and I differ. The program was meant as "insurance" in case you lived longer than average. It was never meant to be a pension program for those who did not save for retirement.

And it shouldn't be one today.

Maggot, will you EVER learn not to make shit up? The purpose of Social Security has been plainly stated over and over -

"We can never insure one-hundred percent of the population against one-hundred percent of the hazards and vicissitudes of life. But we have tried to frame a law which will give some measure of protection to the average citizen and to his family against the loss of a job and against poverty-ridden old age. This law, too, represents a cornerstone in a structure which is being built, but is by no means complete.... It is...a law that will take care of human needs and at the same time provide for the United States an economic structure of vastly greater soundness."
-- Franklin D. Roosevelt, August 14, 1935

"The Social Security program plays an important part in providing for families, children, and older persons in times of stress. But it cannot remain static. Changes in our population, in our working habits, and in our standard of living require constant revision."
-- John F. Kennedy, June 30, 1961

"One of the most urgent orders of business at this time is the enactment of hospital insurance for the aged through Social Security to help older people meet the high costs of illness without jeopardizing their economic independence."
-- Lyndon B. Johnson, February 9, 1964

"I have today signed [legislation which]. . . constitutes a major breakthrough for older Americans, for it says at last that inflation-proof Social Security benefits are theirs as a matter of right...."
-- Richard M. Nixon, July 1, 1972

"We must begin by insuring that the Social Security system is beyond challenge. [It is] a vital obligation each generation has to those who have worked hard and contributed to it all their lives."
-- Gerald R. Ford, February 9, 1976

"The Social Security program.. . represents our commitment as a society to the belief that workers should not live in dread that a disability, death, or old age could leave them or their families destitute."
-- Jimmy E. Carter, December 20, 1977

"[This law] assures the elderly that America will always keep the promises made in troubled times a half century ago.. . . [The Social Security Amendments of 1983 are] a monument to the spirit of compassion and commitment that unites us as a people."
-- Ronald W. Reagan, April 20, 1983

"Social Security. . . reflects some of our deepest values--the duties we owe to our parents, the duties we owe to each other when we?re differently situated in life, the duties we owe to our children and our grandchildren. Indeed, it reflects our determination to move forward across generations and across the income divides in our country, as one America."
-- William J. Clinton, February 9, 1998

 

[The Sponge]

Sponge - that is where you and I differ. The program was meant as "insurance" in case you lived longer than average. It was never meant to be a pension program for those who did not save for retirement.

And it shouldn't be one today.

There are so many things SS is meant for. To say" it was just and insurance program in case u lived longer than average" is just flat out wrong and naive. The only thing u know about Social Security is that u know nothing about Social Security.

 

[Trench]

Another issue with SS - it was poorly implemented when it was initially developed.

The first monthly payment was issued on January 31, 1940 to Ida May Fuller of Ludlow, Vermont. In 1937, 1938 and 1939 she paid a total of $24.75 into the Social Security System. Her first check was for $22.54. After her second check, Fuller already had received more than she contributed over the three-year period. She lived to be 100 and collected a total of $22,888.92.

That was just plain stupid policy.

Good for Ida May Fuller of Ludlow, Vermont!!! :00hour

My God, the government just gave her $22,888.92 (minus the $24.75) over 38 years? Do you realize that's more than $500 per year?? How did this country survive???

Conservatives like Mags see Ida May Fuller of Ludlow, VT as what's wrong with this country and Liberals see it as an example of what's right with this country.

Mags would rather that money went toward tax breaks for the Koch Bros. than to help keep senior citizens from living on dog food or being able to pay their property taxes so they don't lose the home they spent most of their adult life paying for.

 

[Trampled Underfoot]

Good for Ida May Fuller of Ludlow, Vermont!!! :00hour

My God, the government just gave her $22,888.92 (minus the $24.75) over 38 years? Do you realize that's more than $500 per year?? How did this country survive???

Conservatives like Mags see Ida May Fuller of Ludlow, VT as what's wrong with this country and Liberals see it as an example of what's right with this country.

Mags would rather that money went toward tax breaks for the Koch Bros. than to help keep senior citizens from living on dog food or being able to pay their property taxes so they don't lose the home they spent most of their adult life paying for.

Govamint tit suckers drive this hillbilly mad! Good fo nothing scumbags.

 

[Mags]

Good for Ida May Fuller of Ludlow, Vermont!!! :00hour

My God, the government just gave her $22,888.92 (minus the $24.75) over 38 years? Do you realize that's more than $500 per year?? How did this country survive???

Conservatives like Mags see Ida May Fuller of Ludlow, VT as what's wrong with this country and Liberals see it as an example of what's right with this country.

Mags would rather that money went toward tax breaks for the Koch Bros. than to help keep senior citizens from living on dog food or being able to pay their property taxes so they don't lose the home they spent most of their adult life paying for.

She wouldn't have had to live on "dog food" if she woud have planned properly and saved for retirement.

Too many people are more interested in instant gratification rather than saving for retirement.

How many folks on food stamps, etc own an iphone and a flat screen TV? Kinda think they'd be better off saving for retirement, as those are certainly not necessities. Kinda hard to feel sorry for those who squander their money and don't plan for the future.

 

[Trench]

She wouldn't have had to live on "dog food" if she woud have planned properly and saved for retirement.

Too many people are more interested in instant gratification rather than saving for retirement.

How many folks on food stamps, etc own an iphone and a flat screen TV? Kinda think they'd be better off saving for retirement, as those are certainly not necessities. Kinda hard to feel sorry for those who squander their money and don't plan for the future.

Mags, I doubt you know anything about the millions of Ida May Fuller's that Social Security, Medicare/Medicaid and Food Stamps have helped over the years.

But then, it wasn't a subject that came up at frat boy kegger parties very often, was it?

 

[Trampled Underfoot]

She wouldn't have had to live on "dog food" if she woud have planned properly and saved for retirement.

Too many people are more interested in instant gratification rather than saving for retirement.

How many folks on food stamps, etc own an iphone and a flat screen TV? Kinda think they'd be better off saving for retirement, as those are certainly not necessities. Kinda hard to feel sorry for those who squander their money and don't plan for the future.

Kind of hard to save money when in the last 30 years the incomes have become stagnant, working hours have increased, and less benefits. Oh and lets not forget about the housing bubble bursting. And who got rich during this time? It wasn't the working class. So let's step on them when they need help too. Fuck them. That is your plan, right maggot?

http://content.usatoday.com/communi...st-gap-ever-between-rich-and-poor-americans/1