Mr. terzmo
.308 Win
I wonder what the forecast for Social Security running out...what the date is now as that thousands over 62 have passed.
Social security and Corona
- Thread starter Mr. terzmo
- Start date
Talking about this last night at work. Social Security was not designed to pay the old for 30-40 years. People are not supposed to live this long. The SS fund is going to save some serious money because of Covid.
Mr. terzmo
.308 Win
"Social Security was not designed to pay the old for 30-40 years " Hmm...did You know there are thousands out there collecting SS from birth. Did you know that a spouse..who never worked a day in their life is entitled to 50% of their significant other...that's SS for the worker and 50% for the never worker. If both worked..the lesser earner is entitled to 50% of the higher earner.(if less than their SS compared to the higher earner) No...I paid into SS for 48 years....been collecting for 8 and don't feel bad about it at all....And if I were to collect for 30 to 40 years...I would be 92 to 102...don't think so. My 2 cents is if a person doesn't pay into the SS fund...then You get zip. NO exceptions.
I did know that.
Hell, if I live to be 90, I will gladly take that check each and every month. I will not feel bad about that either. Just stating a fact, nothing more and nothing less. If you read the original writings of SS, it is said multiple times that the expected years of payout were between 7-11 years.
I think the entire system is shot and should have never been implemented. SS is a joke and should end. Should not be the tax payers or the governments responsibility to take care of the old upon retirement.
libertysnake
.338 Win Mag
So, if those of us who are millenials pay into SS, and it never pays out to us, doesn't that classify SS as theft?
meketrefe
.450/400 Nitro Ex
Social what?
Mr. terzmo
.308 Win
The solution is to vote Democratic and they will give you all the free money they think you need. One thing I learned over the years is when a "system" is changed by another "system" and touted as being better.........usually it's not
Steal2B
.700 Nitro Express
Watch politicians spin CV19 impacts to say that the high unemployment choked off payroll contributions and hieghtened the crisis requiring immediate higher taxation, raising eligibility ages, reducing benefits, and eliminating payouts to those with adequate pensions / IRAs / 401Ks.
C3D
.308 Win
Unfortunately the number of deaths won't move the needle much and the loss of FICA taxes from the current economic crisis has blown a hole in the program. Expect bad things.
MothMan
.338 Win Mag
The downstate counties that endured the nursing home deaths will see a reduction in their mandated Medicaid costs. Based on fewer patients bills being paid for on the taxpayers dime.
If a private citizen did the same thing as the gov did in relation to SS the Gov would call it a Ponzi scheme and arrest them.
One thing this HYSTERIA has proven is, when it comes to money, where there is a will, there's a way.
All of a sudden the Fed's came up with Trillions for a manufactured crisis.
It would take far less to keep Social Security afloat for a long time.
Today, even the impoverished in the USA have far better Health, Dental, and even Food than the Pharaohs of Egypt.
Their Mummies prove to us that Dental Abscesses, Diabetes, Smallpox, Syphilis, and so many other conditions that are so easily treated today were Death Sentences for even the wealthiest, not that long ago.
Advances in Medicine will allow people to work to more advanced ages, and AI will greatly improve productivity.
There will be AI Nurses and Health Care workers, that will improve treatments and lower costs.
This is not Pie-In-The-Sky. Advances have been non-stop, and inevitable.
Nature is not our enemy.
Liberals are.
All of a sudden the Fed's came up with Trillions for a manufactured crisis.
It would take far less to keep Social Security afloat for a long time.
Today, even the impoverished in the USA have far better Health, Dental, and even Food than the Pharaohs of Egypt.
Their Mummies prove to us that Dental Abscesses, Diabetes, Smallpox, Syphilis, and so many other conditions that are so easily treated today were Death Sentences for even the wealthiest, not that long ago.
Advances in Medicine will allow people to work to more advanced ages, and AI will greatly improve productivity.
There will be AI Nurses and Health Care workers, that will improve treatments and lower costs.
This is not Pie-In-The-Sky. Advances have been non-stop, and inevitable.
Nature is not our enemy.
Liberals are.
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C3D
.308 Win
The Fed didn't come up with a red cent. Our children and grandchildren will be paying the bill for that $3 TRILLION of stimulus. Our country is financial (and morally) bankrupt.
Mr. terzmo
.308 Win
They just keep printing money and claim the National debt keeps increasing because of "loaned" money. Who's got bottomless pocketbooks to keep lending on our Governments demand ? Now if it is China......I'd cancel the debt...confiscate all property...cash..wealth from Chinese nationals and tell them to come and get it. They killed thousands in Korea....supported N. Vietnam...and the same family is in charge...SCREW them
Saltwater60
.950 JDJ
All I have to say is the fuckers better return what I have paid or I will sue them. They took the $$ out of my check saying it will be there for me when I retire.
Also I have a good idea since they managed this social program so well let’s let the government manage more social programs.
Also I have a good idea since they managed this social program so well let’s let the government manage more social programs.
MothMan
.338 Win Mag
Long may the printing presses run!!
Curmudgeon
.308 Win
Isn't all taxation theft?
Curmudgeon
.308 Win
Distancing.
spat
.700 Nitro Express
Hell, I'm Gen-X and I doubt I'll see more than a token amount for my investment.
Now, I'm not saying they won't pay me my $2k/month that they promised. I'm saying that $2k will be barely enough for dinner and a movie, maybe.
Mr. terzmo
.308 Win
Earliest possible...one doesn't know how long they have. Figure it out at if taken at 62...you start losing money at 76 or there about.
I would rather it be a voluntary thing versus a theft through taxes thing.
Id most likely give more if I had a choice.
Same with Medicade/Medicare.
livingston
20×102mm Vulcan
If my body holds up I will work until age 70 .. Yes to max out what I will receive and it means another 5-6 years I will not be pulling any money out of my 401k which compared to many people is a bit on the lean side.... During the Obama years there was a great push to get folks off welfare and on to SS disability just so he could say how he reduced the welfare rolls.. From what I am reading there could be folks that have long term damage to their lungs due to the Covid 19 ... IF so look for more people applying for SS disability than the elderly vanishing from the SS rolls due to death of Covid 19...
MothMan
.338 Win Mag
I took SS at 64 with 33 years in the NYSLRS. Been retired 5 years this July. From her work wifey has same retirement benefits as I. Haven’t touched my 403(b) yet might not have to for awhile longer because of the Kung Flu. Life is good for us.
Repeat post #17.
Mr. terzmo
.308 Win
If you can't work you can get a slick lawyer and apply for SS disability and most likely get it....more room for SS recipients now that 40.000 or so have passed
Acer-m14
.950 JDJ
SS has been raped for years .. now on covid issue you make more then on SS ..
yes .. because my taxation is not my representation
yes .. because my taxation is not my representation
BDinPutnam
.475 A&M Magnum
A ponzi scheme by definition always is.
pjzwtl
.308 Win
I’m amazed how many people actually think there is an account for “them” reality no account not even a parking spot money paid in payroll tax today Pays the recipients today.
BDinPutnam
.475 A&M Magnum
Personally I find the "I invested my money in this why shouldn't I have it" argument weak as hell and frankly insulting.
You didnt invest it- the government took it from you.
They didnt "invest it"- they spent it on paying benefits to existing drawees that have far outlived the initial model for this program.
Now you want them to do the same for you from my FICA.
Ponzi scheme. QED.
End the charade already. Phase it out.