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Started By
Message
re: I think it's time for America to cut social security altogether (serious)
Posted on 8/13/24 at 1:58 pm to YouKnowImRight
Posted on 8/13/24 at 1:58 pm to YouKnowImRight
quote:
True, but the longer we put it off, the more painful the process will be
How many of the people wanting to end SS support UBI?
1
Posted on 8/13/24 at 2:24 pm to John Madden SuperFan
Repay the Boomers all the money they paid in with 10% interest and we have a deal! 
Posted on 8/13/24 at 2:48 pm to John Madden SuperFan
quote:
The problem is neither party wants to upset the boomer generation. And I'm totally against raising the SS tax by 2% just so it's intact for another 75 years.
Why are we procrastinating about a problem that's been plaguing us since 1989? Are both parties afraid of losing voters?
If we cut SS, the government wont stop the SS tax. They will just spend money elsewhere
Posted on 8/13/24 at 3:21 pm to aTmTexas Dillo
quote:
Should there then be an approved collection of ETFs/Mutual Funds to be "legal" to invest into?
Yes, this.
quote:
There should be no investment into individual stocks?
Other than index funds, no.
Posted on 8/13/24 at 3:40 pm to Tuscaloosa
OK, send a letter to your Congressman and the head of the SS Admin and tell him you are not gonna take the payouts
Posted on 8/13/24 at 5:07 pm to ItNeverRains
quote:What is "UBI"?
support UBI?
Posted on 8/13/24 at 5:12 pm to aTmTexas Dillo
quote:Requisite employer controlled investment in a US treasury ETF with controls on input and withdrawals.
Who administers this?
Posted on 8/13/24 at 5:16 pm to Ridgewalker
quote:
Repay the Boomers all the money they paid in with 10% interest and we have a deal!
quote:
with 10% interest
quote:
with 10% interest
quote:
with 10% interest
Posted on 8/13/24 at 5:56 pm to SlowFlowPro
quote:
statutorily-approved public "investments", issued by the US Treasury
AKA US Debt OBLIGATIONS.
Now tell us what happens to other tax money, including that directed to "welfare" programs, when it hits DC. Is any of it converted into US Debt OBLIGATIONS? Is a single 1¢ converted into a US Debt obligation?
Posted on 8/13/24 at 6:13 pm to Tuscaloosa
I’d rather have had the option to invest in an IRA or another interest bearing investment
Posted on 8/13/24 at 6:58 pm to SlowFlowPro
quote:
The 2nd meme, almost B2B!
What exactly do you disagree with?
Posted on 8/13/24 at 8:06 pm to NC_Tigah
quote:
with 10% interest
That's the minimum it would have grown if invested properly.
Posted on 8/14/24 at 12:49 pm to themunch
Currently, there is no Federal "inheritance tax," and, in my opinion, there never should be one when it comes to spouses.
That said, I believe there should be an inheritance tax for non-spouses, because it is income to another person (e.g., wages, tips, interest, dividends) and not a refund of monies paid (e.g., Social Security, unemployment benefits) paid to someone outside of a marriage contract.
That said, I believe there should be an inheritance tax for non-spouses, because it is income to another person (e.g., wages, tips, interest, dividends) and not a refund of monies paid (e.g., Social Security, unemployment benefits) paid to someone outside of a marriage contract.
Posted on 8/14/24 at 12:56 pm to NC_Tigah
quote:
Requisite employer controlled investment in a US treasury ETF with controls on input and withdrawals.
You are getting there. No film flam people should get their hands on this money.
Posted on 8/14/24 at 1:06 pm to aTmTexas Dillo
SS will probably be cut against our will in the near future because of debt interest obligations
Posted on 8/14/24 at 4:42 pm to Ridgewalker
quote:I agree. You missed the humor. Your "10%" represents 4x to 5x the SS ROI ... forever.
That's the minimum it would have grown if invested properly.
I ran those numbers earlier in the thread. At max contributions, the 40yr+ differential, 10% ROI vs SS ROI since 1980, would result in a >$8million difference.
This post was edited on 8/14/24 at 4:47 pm
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