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Started By
Message
re: Social Security and Medicare need to be eliminated
Posted on 2/20/26 at 9:14 am to Night Vision
Posted on 2/20/26 at 9:14 am to Night Vision
quote:
Eliminate foreign aid and welfare.
This above and
Eliminate healthcare fraud first by 25 years in prison and lets see what it looks like.
As for SS, it would need to be phased out and some system like the Trump accounts will replace it but it should be voluntary.
1
Posted on 2/20/26 at 9:18 am to TIGERHOLD
I'll opt out of Social Security for a $1,000,000 buyout! 
Posted on 2/20/26 at 9:18 am to TIGERHOLD
quote:
Buy your own insurance like the rest of us have to. Perhaps without unlimited Medicare, the market would respond by bringing prices back to earth
Your a special kind of stupid!
Posted on 2/20/26 at 9:19 am to wackatimesthree
quote:
They were the ones who accepted, celebrated, and began to infiltrate education, entertainment, and the media to indoctrinate everyone they could about the "isms" they embraced after WWII. Hedonism. Feminism. Post-Modernism. Communism. Socialism. Scientism. "Diversity is our strength," intersectionality, collectivism, identity politics.
More fact than fiction.
Posted on 2/20/26 at 9:22 am to SuperSaint
Go to bed junior and take your meds, you're talking like a liberal. Well, maybe you are. In that case just STFU.
Posted on 2/20/26 at 9:35 am to TIGERHOLD
quote:
Remember, you boomers had everything handed to you
Stopped reading right here. With such a dumb statement, I was afraid that reading anymore would have negative repercussions.
My boomer father lost at least half of the men in his graduating class to Vietnam. What war were you crybabies forced to fight? How is a bloody war "handing boomers everything?"
You young dumbasses with your softness would not have survived growing up back then. Young people have been given more than any generation, and you are now dumber for it. IQs are dropping because you and the kids you raised can't think without a device telling them the answer.
Average salary in 1950 (adjusted) was $40k. Average salary now is $75k. How were people poorer back then, with no welfare, still given everything? What percentage of boomers grew up on welfare vs your generation?
This boomer hate is retarded. It's both whiny and factually incorrect. The boomers are the largest generation, so of course they will have more collective wealth. They've lived longer and were able to invest when the stock market was low. Of course they will have more money than younger generations.
The boomers worked harder than you and didn't complain like people nowadays.
Sorry you're not good enough to advance in life without having to blame others for your own inadequacy.
quote:
the average retiree at age 65 had an annuity worth $305,000 in 2019
Did you even analyze this statement? What was happening in 2019? That's right, President Trump had the economy roaring more than we had seen in decades.
Why use 2019 and not 2020 or 2021? Is it because the covid numbers would make for a less convincing argument?
Posted on 2/20/26 at 9:40 am to The Cow Goes Moo Moo
quote:
How much do people pay into SS compared to what they get out of SS as a percentage
yes that number is known it's roughly $11,500 per year with your employer match that's 23k per year. that's the maximum that anybody pay's into social security and that number goes up every year. if i wait until age 70 to begin withdraws i'll receive 60k per year that's the max benefit and it's based on how much you paid in. if i live to be my fathers age of 87 when he died i'll just about break even.
now you know and knowing is half the battle! go joe!
Posted on 2/20/26 at 9:47 am to TIGERHOLD
quote:
I am tired of these boomers...
And I'm tired of hearing you sissy puppy dogs lying about your own failures and shortcomings.
No one handed me a damn thing fool.
You're just a green eyed, hollow headed fool.
Posted on 2/20/26 at 9:49 am to TIGERHOLD
quote:This bullshite gets tiresome at some point.
they are deepthroating the Medicare and social security teats
Do you have a clue as to how much better off those Boomers would be if the "government teats" hadn't ripped >15% out of every one of their payroll checks in taxes over a 45yr working career?
You're damn right SS and Medicare need to be eliminated.
SS is a HUGE rip off. The sole beneficiary is Uncle Sam.
Medicare is a path to socialized medicine. It has wrecked US healthcare.
But the WSJ take is beyond asinine.
quote:Figures don't lie, but liars figure.
The average net worth of a person aged 65 to 74 was $1.8 million in 2022
"Average wealth" is NEVER EVER used as a measure in serious accounts. NEVER!!!
Why?
Because überwealth skews the result. When Elon joins the >65 group, the "average" wealth of 65y/o's will jump $12,500 instantly.
Median wealth is the standard in these comparators. ALWAYS!
The median net worth for Americans aged 65 to 74 was $409,900 according to the Federal Reserve's 2022 Survey of Consumer Finances. Less than 25% of the WSJ's bullshite claim.
When you see the WSJ referring to net worth, the first question you should ask is "How was the data gathered?" The WSJ has no reliable information about net worth in the 1980's and none now. The Fed runs wealth datasets. The amount of assumption and extrapolation inherent in their construction is appalling.
But let's take those "wealth" guesstimates as accurate. Adjusted for inflation, the markets are up 700 - 800% in real terms over the same period. The S&P 500 closed 1989 at around 353 and ended 2022 at around 3,840. That's a nominal price gain of roughly 987%. That number does not account for inflation, but also does not include dividends. Accounting for those, inflation-adjusted total return with dividends reinvested were 700 - 800% (1989 - 2022).
Given those increases, is it any wonder wealth would aggregate in an older cohort?
Meanwhile, whereas pensions used to be the chief retirement vehicle, now 401k and portfolio returns have replaced them. It's an entirely different equation than that of 1989.
Regarding the $6,000 senior deduction from the Big Beautiful Bill, it's income stratified. Which brings us to "income."
Median US Income, all households, is $80,610
Median US Income, households under 65, is ~ $94,000
Median US Income, households over 65, is $50,290
So those "Boomers" are pulling just over 1/2 the income that the rest of the country is. Just FYI.
This post was edited on 2/20/26 at 10:02 am
Posted on 2/20/26 at 9:51 am to NC_Tigah
Regarding old people's aggregated wealth ...
Two 70y/o men got together for the first time in years. One announced to his friend that he’d recently gotten married. He shared a picture of his new wife … a 30-something blonde bombshell.
His shocked friend asked, “How the Hell did you pull that off?”
“Well, to be honest, I lied to her about my age,” was the answer.
His friend was incredulous, “What? Did you tell her you were 50?”
“No …. I told her I was 90.”
Two 70y/o men got together for the first time in years. One announced to his friend that he’d recently gotten married. He shared a picture of his new wife … a 30-something blonde bombshell.
His shocked friend asked, “How the Hell did you pull that off?”
“Well, to be honest, I lied to her about my age,” was the answer.
His friend was incredulous, “What? Did you tell her you were 50?”
“No …. I told her I was 90.”
Posted on 2/20/26 at 9:53 am to mylsuhat
Yep - I want every cent back and indexed for the stock market with interest as payback. Every freaking cent. Then I want the tens of trillions stolen by corruption split between the taxpayers prorated back with interest too.
Posted on 2/20/26 at 9:56 am to TIGERHOLD
A high earner retiring in 2026 at age 68, having paid the maximum Social Security tax for at least 35 years, would have contributed over $2 million cumulatively (unadjusted for inflation), matched by the employer, yet would only receive a payout of maybe $5185 a month at age 70, for an annual payout of $62,220, which will be taxed and reduced by Medicare charges, where, instead, had those funds been invested in the market from the beginning, that person would be sitting on a $10-$15 million nest egg earning an annual income in the several hundreds of thousands of dollars.
Those people get shafted by the system so that people who only put in a small amount over the years can be vastly overpaid in their SS checks.
Those people get shafted by the system so that people who only put in a small amount over the years can be vastly overpaid in their SS checks.
Posted on 2/20/26 at 9:56 am to TIGERHOLD
Here is alittle known fact.
Approximately one-quarter of state and local government employees, including many teachers, police officers, and firefighters, do not pay Social Security taxes.
I willing to bet 90% in DC do not pay into SS. Including Congress and staff.
Approximately one-quarter of state and local government employees, including many teachers, police officers, and firefighters, do not pay Social Security taxes.
I willing to bet 90% in DC do not pay into SS. Including Congress and staff.
This post was edited on 2/20/26 at 9:59 am
Posted on 2/20/26 at 9:56 am to TIGERHOLD
quote:
when they are deepthroating the Medicare and social security teats.
We were forced to pay.
You sound like a straight up commie. Do better.
Posted on 2/20/26 at 9:57 am to UptownJoeBrown
quote:
We were forced to pay.
No one cares gramps.
Posted on 2/20/26 at 10:05 am to TIGERHOLD
Congratulations, you own the economy
They built is so why shouldn't they own it.
They built is so why shouldn't they own it.
Posted on 2/20/26 at 10:05 am to TIGERHOLD
quote:
I am tired of these boomers saying they’re for “small government” when they are deepthroating the Medicare and social security teats.
I'm assuming you realize that SS isn't exactly voluntary, right? We're Gen X, but we would have LOVED to take our SS taxes and invested them differently. It's money quite literally stolen from the populace by the government, so I don't understand the hate for "boomers" in this instance.
Posted on 2/20/26 at 10:07 am to TIGERHOLD
Eliminate the fraud first
Posted on 2/20/26 at 10:14 am to alive2022
quote:
No one cares gramps.
I agree. Losers don’t.
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