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Posted: 5/22/2024 9:08:26 PM EDT
[#1]
Tax paychecks more…
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Posted: 5/22/2024 9:10:24 PM EDT
[#2]
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Posted: 5/22/2024 9:10:45 PM EDT
[#3]
They'll just make us greedy, wealthy savers exhaust our retirement accounts before we can collect full SS. Fixed.
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Posted: 5/22/2024 9:12:28 PM EDT
[#4]
Quote HistoryQuoted: They'll just make us greedy, wealthy savers exhaust our retirement accounts before we can collect full SS. Fixed. Yep. Means test. Maybe with a side of removing the contribution cap while maintaining the payout cap. |
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Posted: 5/22/2024 9:14:39 PM EDT
[#5]
1st Raise the cap
2nd Means test 3rd Lower benefits 4th System implodes anyway |
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Posted: 5/22/2024 9:15:23 PM EDT
[#6]
Social Security runs out of money?
It never had the money to begin with. It's always been a pay-as-you-go program. Raise taxes or make cuts. |
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Posted: 5/22/2024 9:17:52 PM EDT
[#7]
You ain't even scratching the surface of 2030, pal, much less 2035. I hope you've brushed on crops that can endure in a nuclear wasteland. Shit's gonna get wild, and you normies best start hoarding sample bottles of shampoo if you want to get laid past those years. Hear me?
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Posted: 5/22/2024 9:18:00 PM EDT
[#8]
They are going to do what they have been doing all along... print more money.
That's why FDR went off the gold standard (1933) first, before social security was created (1935).... you can promise benefits and print the money to cover it. Social Security was not always a pay as you go system, but the main goal seems to be to keep people dependent on DC. |
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Posted: 5/22/2024 9:19:06 PM EDT
[#9]
Introduce Covid 2025 to kill off the 65plus population
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Posted: 5/22/2024 9:19:08 PM EDT
[#10]
Late to the party, but what they will do, and what they want do are two different things. They will raise taxes. What they should do is stop raping the SS fund. I'm younger (38) and could easily pay myself multiples of what the program would pay me if I invested my own money.
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Posted: 5/22/2024 9:20:49 PM EDT
[#11]
Quote HistoryQuoted: They'll just make us greedy, wealthy savers exhaust our retirement accounts before we can collect full SS. Fixed. It's been 10+ years since I ran through the math, but I believe Social Security is a progressive tax. I seem to recall that the tax vs payout ratio doesn't favor the right-most of the x-axis. |
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Posted: 5/22/2024 9:21:19 PM EDT
[#12]
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Posted: 5/22/2024 9:22:22 PM EDT
[#13]
They will devalue the currency until the liability is manageable.
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Posted: 5/22/2024 9:23:00 PM EDT
[#14]
Well shit. That’s when I can collect.
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Posted: 5/22/2024 9:23:11 PM EDT
[#15]
They will do nothing. Except try to keep the music playing long enough to enrich themselves, retire and let some one else deal with it. |
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Posted: 5/22/2024 9:24:06 PM EDT
[#16]
I really think that digital currency is the next great step. They'll find a reason to make the printed/minted dollar obsolete and replace it withe the digital dollar. Along with that will come value balancing. Taxes will go up and benefits will go down. That is, unless something really bad derails it. But if does happen, that first Mt Gox style hack will be epic.
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Posted: 5/22/2024 9:25:19 PM EDT
[#17]
Quote HistoryQuoted: 1st Raise the cap 2nd Means test 3rd Lower benefits 4th System implodes anyway Contribution is capped at around 10K a year right now. They'll increase that so the rich can pair their "fair share". Means testing also. If you have millions in retirement you won't be getting your SS back. |
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Posted: 5/22/2024 9:25:46 PM EDT
[#18]
Quote HistoryQuoted: 1st Raise the cap 2nd Means test 3rd Lower benefits 4th System implodes anyway 
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Posted: 5/22/2024 9:25:52 PM EDT
[#19]
Social security will fix itself. The younger generations won't file because they don't want to steal from their kids like the boomers did.
Once everyone stops collecting, the government will stop taking it out of our paychecks. |
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Posted: 5/22/2024 9:26:10 PM EDT
[#20]
Quote HistoryQuoted: They will devalue the currency until the liability is manageable. Bingo |
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Posted: 5/22/2024 9:26:10 PM EDT
[#21]
Social Security is the only thing working Americans get for a life time of taxes. THE ONLY THING. So I don’t care what they have to do to get my money, all my money, when it’s time for me.
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Posted: 5/22/2024 9:26:16 PM EDT
[#22]
Stop giving money to every Tom, Dick and Harry Nation on Planet Earth…and instead spend that money on Americas who have actually earned it! Anything else is a phucking Marxist JOKE!
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Posted: 5/22/2024 9:26:32 PM EDT
[#23]
By 2035 the boomer vote will have died off enough that the youngest voters will have whats left of them converted to Soylent.
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Posted: 5/22/2024 9:26:38 PM EDT
[#24]
Quote HistoryQuoted: Social security will fix itself. The younger generations won't file because they don't want to steal from their kids like the boomers did. Once everyone stops collecting, the government will stop taking it out of our paychecks.  Attached File |
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Posted: 5/22/2024 9:27:24 PM EDT
[#25]
In short, they will fuck the makers to take care of the takers.
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Posted: 5/22/2024 9:28:23 PM EDT
[#26]
Apothis his earth in 2029. Problem over
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Posted: 5/22/2024 9:28:48 PM EDT
[#27]
War.
  
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Posted: 5/22/2024 9:29:36 PM EDT
[#28]
Federalize all 401K, pensions, savings, checking accounts.
Institute a federal sales tax. More mandatory jabs to increase likelihood of the older crowd most likely to not be contributors to experience suddenly. Dissolution of border except for tighter controls on producers trying to leave & take wealth out of the country. |
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Posted: 5/22/2024 9:30:13 PM EDT
[#29]
Print more money to fill the "lockbox" that is the general funds...
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Posted: 5/22/2024 9:31:16 PM EDT
[#30]
Quote HistoryQuoted: Social security will fix itself. The younger generations won't file because they don't want to steal from their kids like the boomers did. Once everyone stops collecting, the government will stop taking it out of our paychecks. LOL, yeah right. |
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Posted: 5/22/2024 9:38:57 PM EDT
[#31]
Something Else: Covid34 and force all old people into homes even if they aren't already in an old person home.
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Posted: 5/22/2024 9:40:27 PM EDT
[#32]
Give me everything I’ve already paid in and put it in an investment account. After that stop taxing me for this BS.
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Posted: 5/22/2024 9:42:02 PM EDT
[#33]
social Security is not the problem people make it out to be:
https://market-ticker.org/akcs-www?post=251351 |
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Posted: 5/22/2024 9:42:34 PM EDT
[#34]
Where there is a will, there is a way. Social Security will continue, no matter what. Retired people make up a huge voting block. Politicians don't want to piss off elderly people who will vote them out of office.
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Posted: 5/22/2024 9:43:21 PM EDT
[#35]
2035? Lol. Wait for the new crop of immigrants to learn the SS disability game from the current lower class. SS disability makes food stamp fraud look like stealing from the take a penny jar.
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Posted: 5/22/2024 9:44:01 PM EDT
[#36]
Quote HistoryQuoted: Where there is a will, there is a way. Social Security will continue, no matter what. Retired people make up a huge voting block. Politicians don't want to piss off elderly people who will vote them out of office. I agree, it will continue. My question: How? |
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Posted: 5/22/2024 9:45:10 PM EDT
[#37]
Quote HistoryQuoted: Social Security is the only thing working Americans get for a life time of taxes. THE ONLY THING. So I don’t care what they have to do to get my money, all my money, when it’s time for me. Including stealing from your kids? |
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Posted: 5/22/2024 9:47:23 PM EDT
[#38]
I vote they removed the annual cap.
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Posted: 5/22/2024 9:47:25 PM EDT
[#39]
Quote HistoryQuoted: Social security will fix itself. The younger generations won't file because they don't want to steal from their kids like the boomers did. Once everyone stops collecting, the government will stop taking it out of our paychecks.  Attached File |
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Posted: 5/22/2024 9:49:04 PM EDT
[#40]
They should just scrap the whole program.
Didn't raise enough productive children to take care of you in old age? Didn't save enough for a retirement home? Well, make your way to the homeless shelter, I guess. |
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Posted: 5/22/2024 9:50:03 PM EDT
[#41]
The screwup, other than starting SS to begin with, was allowing non-contributors to access the benefits. And the govt using it as part of their ‘general fund’. The same money taken in for almost 90 years, if controlled by actual financial experts, would have money flowing for decades into the future. If a private institution, acting as a fiduciary, had allowed SS to be on the condition it’s in today, would be heading to prison like Sam Brinkman-Fried.
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Posted: 5/22/2024 9:50:32 PM EDT
[#42]
Quote HistoryQuoted: Something Else: Covid34 and force all old people into homes even if they aren't already in an old person home.  Attached File Attached File Attached File |
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Posted: 5/22/2024 9:51:25 PM EDT
[#43]
Quote HistoryQuoted: I agree, it will continue. My question: How? It will continue the same way it started. Poorly. |
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Posted: 5/22/2024 9:51:31 PM EDT
[#44]
Yet welfare has no shortage. There is plenty of money to pass on student loan debt to hardworking Americans and buy billions of dollars of high speed union jobs programs.
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Posted: 5/22/2024 9:51:59 PM EDT
[#45]
Combo, and push back retirement age again.
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Posted: 5/22/2024 9:52:08 PM EDT
[#46]
Quoted: In your opinion, what will the govt. do to cover the shortfall? Probably the same as they already do to cover the shortfall in federal employee pensions. |
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Posted: 5/22/2024 9:53:37 PM EDT
[#47]
Quote HistoryQuoted: By 2035 the boomer vote will have died off enough that the youngest voters will have whats left of them converted to Soylent.  Many of us boomers will hang on just to watch you guys work. My how time flies. I didn’t realize it was time for another bash boomers thread. |
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Posted: 5/22/2024 9:54:21 PM EDT
[#48]
Quote HistoryQuoted: The screwup, other than starting SS to begin with, was allowing non-contributors to access the benefits. And the govt using it as part of their ‘general fund’. The same money taken in for almost 90 years, if controlled by actual financial experts, would have money flowing for decades into the future. If a private institution, acting as a fiduciary, had allowed SS to be on the condition it’s in today, would be heading to prison like Sam Brinkman-Fried. I agree. I have a pension. It's been around for about 75 years. Last time I checked it was 95% fully funded, which is remarkable. The reason it's still around delivering good benefits is that it's run like an actual investment, by professionals, and not like a welfare program designed to buy votes from grifters. |
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Posted: 5/22/2024 9:56:01 PM EDT
[#49]
When is welfare going to run out of money
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Posted: 5/22/2024 9:58:09 PM EDT
[#50]
Quote HistoryQuoted: The screwup, other than starting SS to begin with, was allowing non-contributors to access the benefits. And the govt using it as part of their ‘general fund’. The same money taken in for almost 90 years, if controlled by actual financial experts, would have money flowing for decades into the future. If a private institution, acting as a fiduciary, had allowed SS to be on the condition it’s in today, would be heading to prison like Sam Brinkman-Fried. Who are these non-contributors you are talking about? Other than spouses, dependent children and in some rare cases other dependents, you had to have paid into the system for 40 quarters. |
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