Home Forums Hunting & Shooting Hunter's Campfire SS "raise"

the whole SS thing is nothing more than an income distribution scam. Always has been.

SS is not an entitlement.No one gets back all the money they put in from paying into it all their life

I don't know about that. If you get an average of $1000/mo and you collect it for 20 years beyond age 62, that's $240,000.

I wonder how much I would have if I could have invested all the money I and my employer contributed over the last 50 years, instead of the gov't holding it?

I wonder how much most people would invest in anything except bigger toys unless they were forced to.

Hardly anything, Mister Spook. That's why SS was created, aside from locking in the senior vote for FDR, to pretend the peasants were "saving." But then the POLITICIANS wanted toys.

Seriously, I am just amazed at how much STUFF people keep buying on credit, up to their eyebrows in debt, days away from bankruptcy if there's any glitch in their cash flow, toys toys toys. I learned early on to buy ONE good quality toy and take care of it while using the pi33 out of it.

Yup.

Rocky, hold everything. When I sold the family property up north that dad had bought back in '65, capital gains ballooned my income for that year and my Medicare deduction went up big time. I did some reading and there is a clause in SS that said that if it was a one time thing like a property sale and your estimated income without the sale wouldn't have been any different than normal, that they would wave the Medicare increase. I went down to SS and appealed and the lady blew it off and said there was nothing they could do. Not liking that answer, I made an appointment with a higher up and they did wave the Medicare increase.

Yet, you paid into it all your life and a bunch of lazy ass clowns get to vote on raising your taxes.

According to my statement between me an my employers we've given the SSA $330,432 since I started working in 1981. For that, when I turn 67 (in 10 years) I'll get $3,323 a month. Can you imagine what I'd have per month if I'd been required to instead put it in an index fund?

I'm convinced SS will be dead at some point and the only solution is a mandatory program like the fed employees and military TSP but I'll be damned if I have any idea how to get there.

Cash and barter!

I like that. Flaming phallus....


Yeah...it's not so cool now that Shatner has been up there.

Now add the compounded interest it would have built up. Most people pay into it for at least 40 years. So add another $100K to that and the interest.

You give the Gov $100 in taxes, and get $5 In benefits, for awhile until they take that away too.

I have never ever said SS was a good investment, but for many people, it is their only investment. That's both sad and disgusting. The American culture is quite simply godawful at planning for the future. We're raised to be here and now, instant gratification, and let the future take care of itself. Except that the future doesn't; the future is a cruel sumbitch that hits you with bad luck, illness, and misery.

Asians and Jews are raised better in that sense. Save, put aside, make do, invest; for someday you will be glad you did.

If you had invested what you and employers put into SS, you would be way ahead. And lots of people die before collecting any or much of their SS. Their benefit I believe can go to a spouse. If no spouse, I think the govt keeps it.

No argument, Dale. But unless it is mandatory, damn few will invest a thin dime for their own future. They'll buy toys and swear they'll save some money when they get around to it, someday.

I am fine with letting a generation starve while the rest of them watch and see that the spigot is turned off and it is time to be an adult and use your brain and be responsible for your own life.

However that does not take into consideration all the parts the government has played in inadvertently and intentionally creating an environment where it is easy to lay around and very hard to be able to get ahead in many ways.

what the phhuuck U talikin 'bout Willis ?

schhidt

there goes my new drone