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Joined: Nov 2003
Posts: 67,762 Likes: 5
Campfire Kahuna
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Campfire Kahuna
Joined: Nov 2003
Posts: 67,762 Likes: 5 |
the whole SS thing is nothing more than an income distribution scam. Always has been.
Sam......
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Joined: Jun 2001
Posts: 19,091 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Jun 2001
Posts: 19,091 Likes: 2 |
I didn't know ss was still around. Entitlements almost never go away. SS is not an entitlement.No one gets back all the money they put in from paying into it all their life
If God wanted you to walk and carry things on your back, He would not have invented stirrups and pack saddles
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Joined: May 2003
Posts: 31,283 Likes: 9
Campfire 'Bwana
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OP
Campfire 'Bwana
Joined: May 2003
Posts: 31,283 Likes: 9 |
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.
Cleverly disguised as a responsible adult.
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Joined: Oct 2004
Posts: 1,522
Campfire Regular
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Campfire Regular
Joined: Oct 2004
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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?
futuaris nisi irrisus ridebis
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Joined: May 2003
Posts: 31,283 Likes: 9
Campfire 'Bwana
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OP
Campfire 'Bwana
Joined: May 2003
Posts: 31,283 Likes: 9 |
I wonder how much most people would invest in anything except bigger toys unless they were forced to.
Cleverly disguised as a responsible adult.
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Joined: May 2003
Posts: 10,431
Campfire Outfitter
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Campfire Outfitter
Joined: May 2003
Posts: 10,431 |
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.
Up hills slow, Down hills fast Tonnage first and Safety last.
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Joined: May 2003
Posts: 31,283 Likes: 9
Campfire 'Bwana
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OP
Campfire 'Bwana
Joined: May 2003
Posts: 31,283 Likes: 9 |
Cleverly disguised as a responsible adult.
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Joined: Sep 2017
Posts: 4,378
Campfire Tracker
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Campfire Tracker
Joined: Sep 2017
Posts: 4,378 |
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.
My other auto is a .45
The bitterness of poor quality is remembered long after the sweetness of low price has faded from memory
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Joined: Dec 2013
Posts: 44,504 Likes: 10
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2013
Posts: 44,504 Likes: 10 |
Yup. Socialization at its best Successful people pay more to support those that aren’t. Next step is “means testing.” if you are successful and planned and saved, you don’t need the SS that you and employers put away for “your” retirement, so some crack head will get it, cause they need it. Yet, you paid into it all your life and a bunch of lazy ass clowns get to vote on raising your taxes.
Slaves get what they need. Free men get what they want. Rehabilitation is way overrated. Orwell wasn't wrong. GOA member disappointed NRA member 24HCF SEARCH
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Joined: May 2005
Posts: 17,134
Campfire Ranger
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Campfire Ranger
Joined: May 2005
Posts: 17,134 |
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. 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.
If something on the internet makes you angry the odds are you're being manipulated
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Joined: Jan 2007
Posts: 1,297
Campfire Regular
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Campfire Regular
Joined: Jan 2007
Posts: 1,297 |
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Joined: May 2016
Posts: 60,578 Likes: 27
Campfire Kahuna
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Campfire Kahuna
Joined: May 2016
Posts: 60,578 Likes: 27 |
Nah. Not going up on the Flaming Phallus, Jim. I like that. Flaming phallus.... Yeah...it's not so cool now that Shatner has been up there.
I am MAGA.
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Joined: Jun 2001
Posts: 19,091 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Jun 2001
Posts: 19,091 Likes: 2 |
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. 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. 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.
If God wanted you to walk and carry things on your back, He would not have invented stirrups and pack saddles
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Joined: Dec 2005
Posts: 3,758
Campfire Tracker
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Campfire Tracker
Joined: Dec 2005
Posts: 3,758 |
You give the Gov $100 in taxes, and get $5 In benefits, for awhile until they take that away too.
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Joined: May 2003
Posts: 31,283 Likes: 9
Campfire 'Bwana
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OP
Campfire 'Bwana
Joined: May 2003
Posts: 31,283 Likes: 9 |
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.
Cleverly disguised as a responsible adult.
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Joined: Feb 2007
Posts: 11,789
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2007
Posts: 11,789 |
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. 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.
NRA Patron
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Joined: May 2003
Posts: 31,283 Likes: 9
Campfire 'Bwana
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OP
Campfire 'Bwana
Joined: May 2003
Posts: 31,283 Likes: 9 |
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.
Cleverly disguised as a responsible adult.
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Joined: Jan 2008
Posts: 15,757 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Jan 2008
Posts: 15,757 Likes: 1 |
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.
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Joined: Jan 2001
Posts: 30,869 Likes: 18
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2001
Posts: 30,869 Likes: 18 |
Got the letter from the Social Suckurity folks congratulating me on next year's big raise. I'll go from $1160 a month to $840. Some raise, huh? They upped my Moldycare payment from $170 to $544 a month. Earnings adjustment they said.
Whooopeee.
Well, hell. I use my SS as pocket money anyhow. what the phhuuck U talikin 'bout Willis ?
T R U M P W O N !
U L T R A M A G A !
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Joined: Jan 2001
Posts: 30,869 Likes: 18
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2001
Posts: 30,869 Likes: 18 |
schhidt
there goes my new drone
T R U M P W O N !
U L T R A M A G A !
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