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Posted: 2/9/2024 11:08:32 AM EDT
[#1]
Quote HistoryQuoted: Tax deferral isn’t a break. You said it. Doubters should ask anyone with a healthy retirement account how much they enjoy paying income tax on their RMD. I estimate my federal and state income tax burden is over 25% of my living expenses. Add in property tax and it is over 30%. Then we have sales taxes, gas tax and fees. |
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Posted: 2/9/2024 11:08:36 AM EDT
[#2]
Quote History 401ks and IRAs tax benefits are nothing to the truly wealthy. |
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Posted: 2/9/2024 11:11:20 AM EDT
[#3]
Quote HistoryQuoted: Absolutely not We all paid in we deserve our money back. The government can give me all my money back with interest, and then cancel it if they want to. All joking aside I think this is a great idea. I hope everyone who has said things like the above, or supports SS gets their 401k raided to pay for SS. SS is an unconstitutional socialist welfare program for old people. It should never have existed, and should end asap. Yes a lot of people are going to get fucked myself included, but I’d rather fix it now so my kid doesn’t get fucked. Some people would rather their descendants take that fucking though. Quote HistoryQuoted: Quoted: How about we just abolish social security. Kthxbye. Absolutely not We all paid in we deserve our money back. The government can give me all my money back with interest, and then cancel it if they want to. All joking aside I think this is a great idea. I hope everyone who has said things like the above, or supports SS gets their 401k raided to pay for SS. SS is an unconstitutional socialist welfare program for old people. It should never have existed, and should end asap. Yes a lot of people are going to get fucked myself included, but I’d rather fix it now so my kid doesn’t get fucked. Some people would rather their descendants take that fucking though. SS is not unconstitutional. Please point to the SCOTUS decision saying it is. |
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Posted: 2/9/2024 11:16:12 AM EDT
[#4]
Quote HistoryQuoted: What if SS was abolished? What would that do to the balance sheet? I also agree some sort of tax that forces the “poors” to have skin in the game is a great idea as well. Everyone should pitch in if they want to be part of this country. No one should get a free ride. Quote HistoryQuoted: Quoted: not nearly enough "millionaires" (on paper) to fund SS. Not even close. you could raid 25% of everyone's 401K and still not make a dent in it. Flat 21% tax is the only REAL way to tackle the issue... but poors don't love their country enough to pay for it. What if SS was abolished? What would that do to the balance sheet? I also agree some sort of tax that forces the “poors” to have skin in the game is a great idea as well. Everyone should pitch in if they want to be part of this country. No one should get a free ride. Did you know SS has a positive balance of close to a trillion dollars? The SS trust fund is by law invested in low paying government securities. When people talk about SS going broke in ten years, they are saying the trust fund will be exhausted. SS would still pay about 80% of your benefit amount out of current SS taxes. SS benefits are not paid from general tax revenues. |
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Posted: 2/9/2024 11:18:38 AM EDT
[#5]
Save the government money?! Its our money. Stop taking what doesnt belong to you.
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Posted: 2/9/2024 11:18:48 AM EDT
[#6]
Wellesley and Harvard Leftist.
 Attached FileShe’s absolutely convinced she’s the smartest person in any room. Never held a private sector job |
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Posted: 2/9/2024 11:57:19 AM EDT
[#7]
I have a response, but I'm so pissed it might get me banned
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Posted: 2/9/2024 11:58:13 AM EDT
[#8]
Any time Democrats see money languishing somewhere they have to cook up a scheme to get their hands on it.
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Posted: 2/9/2024 12:35:59 PM EDT
[#9]
Quote HistoryQuoted: We all paid in we deserve our money back. The government can give me all my money back with interest, and then cancel it if they want to. Would you expect to get back the money you paid in taxes to fund welfare? Why do you think you'd deserve money back? You do know that the SCOTUS already ruled, that money paid into the SS system is not "your money," right? It's not your money and the government is under no obligation to pay you SS benefits. They scrap the program, you get nothing. |
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Posted: 2/9/2024 12:43:56 PM EDT
[#10]
Quote HistoryQuoted: Let's say that tomorrow, the government announced that they were abolishing all welfare programs. Would you expect to get back the money you paid in taxes to fund welfare? Why do you think you'd deserve money back? You do know that the SCOTUS already ruled, that money paid into the SS system is not "your money," right? It's not your money and the government is under no obligation to pay you SS benefits. They scrap the program, you get nothing. Quote HistoryQuoted: Quoted: We all paid in we deserve our money back. The government can give me all my money back with interest, and then cancel it if they want to. Would you expect to get back the money you paid in taxes to fund welfare? Why do you think you'd deserve money back? You do know that the SCOTUS already ruled, that money paid into the SS system is not "your money," right? It's not your money and the government is under no obligation to pay you SS benefits. They scrap the program, you get nothing. If I had a dollar for every time that social security was re-explained in GD, I'd have a bunch of dollars. Everything the government does, it does with someone else's money. No different than welfare, VA, farm subsidies, or military entitlements. It's all tax dollars collected from someone else. There is no point. There is no one here who isn't FSA somewhere down the line. |
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Posted: 2/9/2024 12:47:16 PM EDT
[#11]
They are going to go after 401ks. It's inevitable.
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Posted: 2/9/2024 3:00:07 PM EDT
[#12]
Quote HistoryQuoted:  This is total gaslighting. 401ks and IRAs tax benefits are nothing to the truly wealthy. Except the libs consider ANYONE they don't like with even a dollar more than they have to be part of the wealthy class. Hell, some of them consider anyone with a job to be part of the wealthy class. |
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Posted: 2/9/2024 3:01:58 PM EDT
[#13]
Quote HistoryQuoted: goddamn booger hook on the bang switch.  Quote HistoryQuoted: That's the improved Israeli draw technique for faster results. 
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Posted: 2/9/2024 3:06:42 PM EDT
[#14]
Quote HistoryQuoted: when president AOC bans V8 corvettes and jorts and steals the b**mas' 401k money to redistribute amongst the poors it's gonna be biblical. Quote HistoryQuoted: Quoted: In this instance , rich = you have a 401k . How do markets work? |
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Posted: 2/9/2024 3:10:15 PM EDT
[#15]
Quote HistoryQuoted: Wellesley and Harvard Leftist. https://www.ar15.com/media/mediaFiles/197999/IMG_3118_jpeg-3123068.JPG She’s absolutely convinced she’s the smartest person in any room. Never held a private sector job Childless, right? I genuinely don't know, and haven't bothered looking up, but just playing off of my own experience where so many horrifying 'Good Ideas' come from East Coast, Ivy-educated middle-aged and older childless women. They believe so many things that simply aren't true, and often have the wealth and free time to try to make those things come into being. It's the charitable grandmother trope, horribly perverted. Oh, and of course she's smarter than you. Did you go to Harvard? Checkmate. JFC, it's time to let the land grant and CC kids take a turn at running the country. |
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Posted: 2/9/2024 3:12:02 PM EDT
[#16]
Quote HistoryQuoted: SS is not unconstitutional. Please point to the SCOTUS decision saying it is. Quote HistoryQuoted: Quoted: Quoted: How about we just abolish social security. Kthxbye. Absolutely not We all paid in we deserve our money back. The government can give me all my money back with interest, and then cancel it if they want to. All joking aside I think this is a great idea. I hope everyone who has said things like the above, or supports SS gets their 401k raided to pay for SS. SS is an unconstitutional socialist welfare program for old people. It should never have existed, and should end asap. Yes a lot of people are going to get fucked myself included, but I’d rather fix it now so my kid doesn’t get fucked. Some people would rather their descendants take that fucking though. SS is not unconstitutional. Please point to the SCOTUS decision saying it is. ... and there you have it. What's the constitution? Not what the words say and mean according to the usage when they were put down. Nope. The constitution is *whatever scotus says it is.* Even if the scotus says it means the exact opposite of the text. Scotus doesn't rule according to the text, scotus isn't limited by the text, scotus IS the text.  This is one of the major reasons we got so screwed up. A completely off the leash judicial system. And we all act as if it's completely normal, especially when the court makes a ruling we like. ---------------------------------------- Feds agreeing they should steal from those who saved for retirement to continue paying for the SS vote buying system? I'm shocked, shocked I say. How dare they be consistent with the underlying reasoning of social security. (steal from others to buy off voters who they are infantalizing). |
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Posted: 2/9/2024 3:19:55 PM EDT
[#17]
Timing is everything and the .gov agents see an opportunity here.
We're entering what is about to be the largest transfer of generational wealth in the history of our country with the baby-boomers starting to depart this world, leaving those historic stock market and housing gains to their children. The .gov isn't going to let this pass by without attempting to grab it, that's for sure. |
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Posted: 2/9/2024 3:24:37 PM EDT
[#18]
Quote HistoryQuoted: They are going to go after 401ks. It's inevitable. So how do they do that without tanking the value of them? It's not cash or gold sitting a safety deposit box. They can increase taxes, but it'll most likely just be part of an overall income tax increase or increase inflation which also affects everyone else as well. |
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Posted: 2/9/2024 3:28:06 PM EDT
[#19]
Quote HistoryQuoted: What would the 95 billion sent to Ukraine do for social security? Not much.  Attached File |
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Posted: 2/9/2024 3:40:59 PM EDT
[#20]
401k tax “breaks” benefit the wealthy? Mother fuck you, 50% of America gets a 100% income tax break (or more!). Sure wish I did!
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Posted: 2/9/2024 4:35:37 PM EDT
[#21]
Quote HistoryQuoted: Did anybody perform any research to determine if what the article is saying is correct? Let me help... the article is factually incorrect, because Pre-tax contributions that you make to an employer-sponsored retirement plan such as a 401(k) reduce your income tax, but they do not reduce your Social Security tax. So, abolishing 401K's would not fix or change a damn thing in regards to fixing SS. What's the writers real purpose? I have no idea; but they should be publicly shamed for being an "assistant under secretary of dumbasses" and not knowing the existing law! Accountant Social security is paid out of the general fund. Any increase in tax revenue could conceivably assist in keeping the albatross of SS alive. |
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Posted: 2/9/2024 4:42:37 PM EDT
[#22]
This is just a variation of privatize the profits, socialize the costs.
Carried interest and other special rules still exists for Hedge Fund Management |
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Posted: 2/9/2024 4:43:35 PM EDT
[#23]
Quote HistoryQuoted: How about do away with SS, and do a mandatory 401k that is not tied to or only available to employers. You pick a provider that you like, when you get a job you tell them which provider and your account number. That employer sends 7% of your pre tax pay check to that provider. This would spur competition for providers with the lowest fees and the highest average return. Get the gov out of retirement First we'll need to abolish the Federal Reserve... |
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Posted: 2/9/2024 4:45:02 PM EDT
[#24]
Quote HistoryQuoted: What about all the money I've paid into it over the last 3 Decades of working? Lots of us have paid piles of money into it. If you are over 50, maybe you still get benefits, but the eligibility age gets slid a decade to the right. It’s still bullshit welfare for old people and the bandaid needs to be ripped off. |
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Posted: 2/9/2024 4:48:33 PM EDT
[#25]
Quote HistoryQuoted: Its nonsense... I say the government always gets their taxes on these funds under the current rules because at some point somebody is going to cash out - so attempting to tax money that we have not withdrawn would be pointless - they will get more in the end by simply being patient. Now if they close these programs to new employees that would be one thing, but I don't think they can change anything on the existing plans.[ Yes it's nonsense, but logic is not part of the Commie mentality. They could wait and get more money, from some people, but that's not how these Communist locusts work/think. They want to go after and redistribute your money now. And once they've breached the contract, they can just keep going to the well until they drink it dry, for whatever reason they want. That's the real endgame. "We regret to inform you that your pre tax 401K program has been ended by legislation X. You must pay all unpaid income taxes owed on this account by Y date (months or a few years) at your current (or the increased adjusted) income tax level." Just think of all the money they can steal from the middle class earners, by taxing it all at their career high income rates, instead of people getting the option to love frugally in retirement to lower their rate and stretch savings. |
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Posted: 2/9/2024 4:54:09 PM EDT
[#26]
There's a huge amount of the "not rich" that have 401k's.
 But, fuck them too, eh? 
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Posted: 2/9/2024 4:59:12 PM EDT
[#27]
Quote HistoryQuoted: Lots of us have paid piles of money into it. If you are over 50, maybe you still get benefits, but the eligibility age gets slid a decade to the right. It’s still bullshit welfare for old people and the bandaid needs to be ripped off. Quote HistoryQuoted: Quoted: What about all the money I've paid into it over the last 3 Decades of working? Lots of us have paid piles of money into it. If you are over 50, maybe you still get benefits, but the eligibility age gets slid a decade to the right. It’s still bullshit welfare for old people and the bandaid needs to be ripped off. While I agree with you completely, that will not happen. Too many "well just give me MY money back" people out there, that vote. We boiled the frog slowly and now we have to turn the heat down so slowly that it's virtually imperceptible. That has the best chance of succeeding politically. There's numerous ways to accomplish that, but everyone gets at least a few bites of the shit sandwich, even if you spread it out over 100 years or more. But we won't do that either. No one wants to be responsible about it. Just kick the can down the road and lie. |
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Posted: 2/9/2024 8:31:37 PM EDT
[#28]
Quote HistoryQuoted: What about all the money I've paid into it over the last 3 Decades of working? You were straight up stolen from. Just like everyone else. Your money was taken, it wasn't invested or saved. You were issued a note that says "We'll pay you back with other people's tax money if you live long enough and jump through the hoops." Like every ponzi scheme on the planet, it is falling through. The people that started the system are long dead and their estates do not have nearly enough worth to pay back the generations of people they are responsible for stealing from. Blame them for starting it. As for who is alive right now that is responsible - the people that are continuing the scheme. Those who work directly for it. A close layer of paint outwards from them are all the poeple who were given a chance to end or rein in the system. This is a situation where human justice is very far away from complete. God is taking care of the now dead thieves and will get all the rest in the future. We can only give our limited justice out to those who are actually responsible, and eeven if we take everything they are worth and make them debt slaves for the rest of their lives and stop the ponzi schem right now, restitution can never be made. If you try and use taxpayer's money to "fix it" you haven't fixed it (and you cannot), because you'd be doing the very thing you were trying to give people justice for. It is harsh and blunt for those who have not in their lives had to face it up to now but ... we're screwed. You'll be forced to take the bath. Many of us saw this a long time ago and have made our peace with it. |
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Posted: 2/9/2024 8:53:17 PM EDT
[#29]
Hey guys, did you know SS is only payed on approximately the first $140K you make? Above that, nothing. There is a simple answer here to save SS but nobody wants to address it. Wonder why.
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Posted: 2/9/2024 8:57:28 PM EDT
[#30]
Quote HistoryQuoted: Hey guys, did you know SS is only payed on approximately the first $140K you make? Above that, nothing. There is a simple answer here to save SS but nobody wants to address it. Wonder why. You think that's gonna cure this?  Attached File Attached FileThat's 2022, the last year I can find accurate numbers for. Current deficit spending is estimated at 1.7 trillion. |
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Posted: 2/9/2024 9:01:29 PM EDT
[#31]
Quote HistoryQuoted: Hey guys, did you know SS is only payed on approximately the first $140K you make? Above that, nothing. There is a simple answer here to save SS but nobody wants to address it. Wonder why. Yes, let's continue the theft, and make it so that when it inevitably implodes the effects will be far worse. That'll teach the government types who are control freaks and want to run our lives to not do it! |
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Posted: 2/9/2024 9:06:06 PM EDT
[#32]
Quote HistoryQuoted: You were straight up stolen from. Just like everyone else. Your money was taken, it wasn't invested or saved. You were issued a note that says "We'll pay you back with other people's tax money if you live long enough and jump through the hoops." Like every ponzi scheme on the planet, it is falling through. The people that started the system are long dead and their estates do not have nearly enough worth to pay back the generations of people they are responsible for stealing from. Blame them for starting it. As for who is alive right now that is responsible - the people that are continuing the scheme. Those who work directly for it. A close layer of paint outwards from them are all the poeple who were given a chance to end or rein in the system. This is a situation where human justice is very far away from complete. God is taking care of the now dead thieves and will get all the rest in the future. We can only give our limited justice out to those who are actually responsible, and eeven if we take everything they are worth and make them debt slaves for the rest of their lives and stop the ponzi schem right now, restitution can never be made. If you try and use taxpayer's money to "fix it" you haven't fixed it (and you cannot), because you'd be doing the very thing you were trying to give people justice for. It is harsh and blunt for those who have not in their lives had to face it up to now but ... we're screwed. You'll be forced to take the bath. Many of us saw this a long time ago and have made our peace with it. Quote HistoryQuoted: Quoted: What about all the money I've paid into it over the last 3 Decades of working? You were straight up stolen from. Just like everyone else. Your money was taken, it wasn't invested or saved. You were issued a note that says "We'll pay you back with other people's tax money if you live long enough and jump through the hoops." Like every ponzi scheme on the planet, it is falling through. The people that started the system are long dead and their estates do not have nearly enough worth to pay back the generations of people they are responsible for stealing from. Blame them for starting it. As for who is alive right now that is responsible - the people that are continuing the scheme. Those who work directly for it. A close layer of paint outwards from them are all the poeple who were given a chance to end or rein in the system. This is a situation where human justice is very far away from complete. God is taking care of the now dead thieves and will get all the rest in the future. We can only give our limited justice out to those who are actually responsible, and eeven if we take everything they are worth and make them debt slaves for the rest of their lives and stop the ponzi schem right now, restitution can never be made. If you try and use taxpayer's money to "fix it" you haven't fixed it (and you cannot), because you'd be doing the very thing you were trying to give people justice for. It is harsh and blunt for those who have not in their lives had to face it up to now but ... we're screwed. You'll be forced to take the bath. Many of us saw this a long time ago and have made our peace with it. But, but, I paid in! |
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Posted: 2/9/2024 9:06:56 PM EDT
[#33]
Quote HistoryQuoted: Yes, let's continue the theft, and make it so that when it inevitably implodes the effects will be far worse. That'll teach the government types who are control freaks and want to run our lives to not do it! Quote HistoryQuoted: Quoted: Hey guys, did you know SS is only payed on approximately the first $140K you make? Above that, nothing. There is a simple answer here to save SS but nobody wants to address it. Wonder why. Yes, let's continue the theft, and make it so that when it inevitably implodes the effects will be far worse. That'll teach the government types who are control freaks and want to run our lives to not do it! That type is never satisfied. When they finish fleecing one level of people they just move on down to the next. |
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Posted: 2/9/2024 9:08:19 PM EDT
[#34]
Quote HistoryQuoted: There's a huge amount of the "not rich" that have 401k's. But, fuck them too, eh? the problem with Dem's is that they consider anyone not on welfare to be "wealthy". this is a huge issue. along with what I posted earlier. there are so many issues that they are doing by design. |
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Posted: 2/9/2024 9:11:30 PM EDT
[#35]
Quote HistoryQuoted: But, but, I paid in! Quote HistoryQuoted: Quoted: Quoted: What about all the money I've paid into it over the last 3 Decades of working? You were straight up stolen from. Just like everyone else. Your money was taken, it wasn't invested or saved. You were issued a note that says "We'll pay you back with other people's tax money if you live long enough and jump through the hoops." Like every ponzi scheme on the planet, it is falling through. The people that started the system are long dead and their estates do not have nearly enough worth to pay back the generations of people they are responsible for stealing from. Blame them for starting it. As for who is alive right now that is responsible - the people that are continuing the scheme. Those who work directly for it. A close layer of paint outwards from them are all the poeple who were given a chance to end or rein in the system. This is a situation where human justice is very far away from complete. God is taking care of the now dead thieves and will get all the rest in the future. We can only give our limited justice out to those who are actually responsible, and eeven if we take everything they are worth and make them debt slaves for the rest of their lives and stop the ponzi schem right now, restitution can never be made. If you try and use taxpayer's money to "fix it" you haven't fixed it (and you cannot), because you'd be doing the very thing you were trying to give people justice for. It is harsh and blunt for those who have not in their lives had to face it up to now but ... we're screwed. You'll be forced to take the bath. Many of us saw this a long time ago and have made our peace with it. But, but, I paid in! Yup. We all did. Life is often an ugly mess. Sometimes you get wronged, and there's no way to make it right or make you whole. |
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Posted: 2/9/2024 9:11:30 PM EDT
[#36]
Quote HistoryQuoted: Hey guys, did you know SS is only payed on approximately the first $140K you make? Above that, nothing. There is a simple answer here to save SS but nobody wants to address it. Wonder why. Because anyone with a brain can use the money they would have been taxed for SS and make exponentially more money. Also are you asking for the government to take more money from people? |
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Posted: 2/9/2024 9:15:52 PM EDT
[#37]
Quote HistoryQuoted: Hey guys, did you know SS is only payed on approximately the first $140K you make? Above that, nothing. There is a simple answer here to save SS but nobody wants to address it. Wonder why. Because of marginal tax brackets? |
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Posted: 2/9/2024 9:20:32 PM EDT
[#38]
Quote HistoryQuoted: Social security is paid out of the general fund. Any increase in tax revenue could conceivably assist in keeping the albatross of SS alive. Wrong! Social security is paid out of the Social Security Trust Fund. You and your employer pay FICA to fund Social Security and Medicare. See myth number 5 in this article. 10 SS myths |
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Posted: 2/9/2024 9:24:49 PM EDT
[#39]
Quote HistoryQuoted: Lots of us have paid piles of money into it. If you are over 50, maybe you still get benefits, but the eligibility age gets slid a decade to the right. It’s still bullshit welfare for old people and the bandaid needs to be ripped off. Quote HistoryQuoted: Quoted: What about all the money I've paid into it over the last 3 Decades of working? Lots of us have paid piles of money into it. If you are over 50, maybe you still get benefits, but the eligibility age gets slid a decade to the right. It’s still bullshit welfare for old people and the bandaid needs to be ripped off. It is not welfare. Do you think Health Insurance is welfare? You get coverage and 3 moths later you are in the hospital racking up a $250,000 bill due to some previously unknown medical issue. Is that welfare? You sure didn’t pay $250k in premiums. |
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Posted: 2/9/2024 9:26:23 PM EDT
[#40]
This comes up just about every year.
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Posted: 2/9/2024 9:29:40 PM EDT
[#41]
Quote HistoryQuoted: Hey guys, did you know SS is only payed on approximately the first $140K you make? Above that, nothing. There is a simple answer here to save SS but nobody wants to address it. Wonder why. Did you know SS benefits are tiered based on monthly earnings? The formula breaks down your average monthly wage into three parts. In 2023, it is: 90 percent of the first $1,115 of your AIME; plus 32 percent of any amount over $1,115 up to $6,721; plus 15 percent of any amount over $6,721. Source The socialism part of SS is how benefits are calculated to give more to low earners. |
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Posted: 2/9/2024 9:31:06 PM EDT
[#42]
Quote HistoryQuoted: While I agree with you completely, that will not happen. Too many "well just give me MY money back" people out there, that vote. We boiled the frog slowly and now we have to turn the heat down so slowly that it's virtually imperceptible. That has the best chance of succeeding politically. There's numerous ways to accomplish that, but everyone gets at least a few bites of the shit sandwich, even if you spread it out over 100 years or more. But we won't do that either. No one wants to be responsible about it. Just kick the can down the road and lie. I know it won’t happen. Social Security will be the last program still being funded before the inevitable collapse. Because we let SS recipients vote, our representatives will never do the needful. |
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Posted: 2/9/2024 9:33:18 PM EDT
[#43]
Quote HistoryQuoted: Wrong! Social security is paid out of the Social Security Trust Fund. You and your employer pay FICA to fund Social Security and Medicare. See myth number 5 in this article. 10 SS myths Quote HistoryQuoted: Quoted: Social security is paid out of the general fund. Any increase in tax revenue could conceivably assist in keeping the albatross of SS alive. Wrong! Social security is paid out of the Social Security Trust Fund. You and your employer pay FICA to fund Social Security and Medicare. See myth number 5 in this article. 10 SS myths IIRC they are linked, and money flows freely between them. Which would make them essentially one and the same. |
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Posted: 2/9/2024 9:34:17 PM EDT
[#44]
Quote HistoryQuoted: Wrong! Social security is paid out of the Social Security Trust Fund. You and your employer pay FICA to fund Social Security and Medicare. See myth number 5 in this article. 10 SS myths Quote HistoryQuoted: Quoted: Social security is paid out of the general fund. Any increase in tax revenue could conceivably assist in keeping the albatross of SS alive. Wrong! Social security is paid out of the Social Security Trust Fund. You and your employer pay FICA to fund Social Security and Medicare. See myth number 5 in this article. 10 SS myths So do you believe that if everyone today stopped paying SS taxes that Social Security could continue for current beneficiaries until they die? Can the "Trust Fund" cover it? For how long? How much is in it? |
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Posted: 2/9/2024 9:35:23 PM EDT
[#45]
Quote HistoryQuoted: Did you know SS benefits are tiered based on monthly earnings? The formula breaks down your average monthly wage into three parts. In 2023, it is: 90 percent of the first $1,115 of your AIME; plus 32 percent of any amount over $1,115 up to $6,721; plus 15 percent of any amount over $6,721. Source The socialism part of SS is how benefits are calculated to give more to low earners. No the socialism part is where the government takes your money and redistributes it to people that aren’t you. Nothing about SS is capitalist in any sense of the word. It’s not a free market practice, it’s born completely through government interference in the market. |
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Posted: 2/9/2024 9:39:12 PM EDT
[#46]
Quote HistoryQuoted: I know it won’t happen. Social Security will be the last program still being funded before the inevitable collapse. Because we let SS recipients vote, our representatives will never do the needful. Quote HistoryQuoted: Quoted: While I agree with you completely, that will not happen. Too many "well just give me MY money back" people out there, that vote. We boiled the frog slowly and now we have to turn the heat down so slowly that it's virtually imperceptible. That has the best chance of succeeding politically. There's numerous ways to accomplish that, but everyone gets at least a few bites of the shit sandwich, even if you spread it out over 100 years or more. But we won't do that either. No one wants to be responsible about it. Just kick the can down the road and lie. I know it won’t happen. Social Security will be the last program still being funded before the inevitable collapse. Because we let SS recipients vote, our representatives will never do the needful. "It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. " - Alexander Fraser Tytler |
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Posted: 2/9/2024 9:47:15 PM EDT
[#47]
Quote HistoryQuoted: They scrap the program, you get nothing. That's why I don't want them to scrap the program. I'm not satisfied with hearing, "It was stolen from you, too bad." I want back what was stolen from me. If that means the next generation has to pay for it, so be it. What need to happen is all the SSDI fraud needs to be exposed and those people need to be either put to death or put into forced labor to pay back what they took. I know a guy on SSDI who climbs up and down the mountains every year shooting trophy deer, elk, and mountain lions. Him and his wife rent a house and have snowmobiles, a big brodozer, an RV and ATVs all in his parent's name. Suffice it to say if we find ourselves in a WROL situation I might consider some of those items bought and paid for out of my tax and SS contributions. |
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Posted: 2/9/2024 9:50:47 PM EDT
[#48]
Quote HistoryQuoted: It is not welfare. Do you think Health Insurance is welfare? You get coverage and 3 moths later you are in the hospital racking up a $250,000 bill due to some previously unknown medical issue. Is that welfare? You sure didn’t pay $250k in premiums. Fine. It’s socialism. |
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Posted: 2/9/2024 9:51:21 PM EDT
[#49]
Quote HistoryQuoted: "It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. " - Alexander Fraser Tytler Correct. |
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Posted: 2/9/2024 9:51:49 PM EDT
[#50]
Quote HistoryQuoted: That's why I don't want them to scrap the program. I'm not satisfied with hearing, "It was stolen from you, too bad." I want back what was stolen from me. If that means the next generation has to pay for it, so be it. What need to happen is all the SSDI fraud needs to be exposed and those people need to be either put to death or put into forced labor to pay back what they took. I know a guy on SSDI who climbs up and down the mountains every year shooting trophy deer, elk, and mountain lions. Him and his wife rent a house and have snowmobiles, a big brother, an RV and ATVs all in his parent's name. Suffice it to say if we find ourselves in a WROL situation I might consider some of those items bought and paid for out of my tax and SS contributions. Quote HistoryQuoted: Quoted: They scrap the program, you get nothing. That's why I don't want them to scrap the program. I'm not satisfied with hearing, "It was stolen from you, too bad." I want back what was stolen from me. If that means the next generation has to pay for it, so be it. What need to happen is all the SSDI fraud needs to be exposed and those people need to be either put to death or put into forced labor to pay back what they took. I know a guy on SSDI who climbs up and down the mountains every year shooting trophy deer, elk, and mountain lions. Him and his wife rent a house and have snowmobiles, a big brother, an RV and ATVs all in his parent's name. Suffice it to say if we find ourselves in a WROL situation I might consider some of those items bought and paid for out of my tax and SS contributions. Do you actually know the payout numbers for SSDI versus OASI? The attitude of "Fuck you and the future, pay me" is what has us in this mess. |
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