Medicare and Social Security in big trouble

#101
#101
hog88 said:
That has to be a NC or county thing. Just tell them you keep none on hand.
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I will be moving ASAP. Looking into spending probably 50k between a new truck and a food trailer. Noway I’m letting these looters get their hands on it. Gotta find a county without a business asset tax
 
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#102
#102
Biopsyman said:
2 short term solutions
1. Raise retirement age
2. Increase fica cap

Long term

Eliminate fica cap
Reduce benefits
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Biggest solution put a firewall between SS and MC payments and the government slush fund. Electrocute any congress person reaching for the SS/MC pot. Force congress to pay back what they've looted.
 
#103
#103
SpaceCoastVol said:
Well inventory of salable items is one thing, but a freaking microwave oven in the breakroom? I know this is a ridiculous question, but are communities that hard up for tax revenue?
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According to them, they are; but then look at how they spend the money and you probably figure they wouldn't be if forced to manage like the rest of us. I will admit our kids haven't figured out how to unionize though.
 
#104
#104
Thunder Good-Oil said:
It's unbelievable that it got to the point that average citizens have been so stupid as to have allowed the government to take 6.2% of their wages, extort another 6.2% from their employer, and then tax it again when some of it is given back to them.
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The sad fact is that the average citizen has little input into our "representative" government. If you actually vote a new guy into congress, he's a "freshman" and given limited opportunity to do anything serious (like needed reforms) until he's been indoctrinated and taught how things are done - despite what the people who put him/her there intended.
 
#105
#105
I'm about to turn 47. I've long assumed that I'd only pay in and never actually see my SS. I'm planning accordingly.
 
#108
#108
hog88 said:
Selling scripts on the side?
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Lol, no. Just living smartly. Not overextending. Saving. You might be surprised (or not) how many docs try and live like millionaires and rake up tremendous debt. It's ridiculous. My mom was a practice administrator for a doc who made $500k+ per year and would talk about living from hand to mouth.
 
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#109
#109
Vol_Doc said:
Lol, no. Just living smartly. Not overextending. Saving. You might be surprised (or not) how many docs try and live like millionaires and rake up tremendous debt. It's ridiculous. My mom was a practice administrator for a doc who made $500k+ per year and would talk about living from hand to mouth.
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Happens in lots of “smart” professions. Clearly they are intelligent enough to achieve advanced degrees, but lack the common sense regarding budgeting and financial planning. Salary and free cash flow are two totally different things.
 
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#110
#110
Vol_Doc said:
Lol, no. Just living smartly. Not overextending. Saving. You might be surprised (or not) how many docs try and live like millionaires and rake up tremendous debt. It's ridiculous. My mom was a practice administrator for a doc who made $500k+ per year and would talk about living from hand to mouth.
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What’s your speciality?

I know of a plastic surgeon down in Mississippi that has his own jet.
He flies it himself too.
 
#111
#111
Vol_Doc said:
Lol, no. Just living smartly. Not overextending. Saving. You might be surprised (or not) how many docs try and live like millionaires and rake up tremendous debt. It's ridiculous. My mom was a practice administrator for a doc who made $500k+ per year and would talk about living from hand to mouth.
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So true. Living above one's means, no matter one's annual income, is a recipe for financial disaster. If you make $500K and spend $550K, you will broke all day long.

If you make $80K and spend $70K, you will be retiring much sooner than the $500K person. Happens ALL too often.

Those that look rich, usually just owe for everything they have and don't really have a pot to piss in in the grand scheme of things. Most people that are wealthy, one would not know it by just looking at them or what they drive.
 
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#112
#112
DancingOutlaw said:
Happens in lots of “smart” professions. Clearly they are intelligent enough to achieve advanced degrees, but lack the common sense regarding budgeting and financial planning. Salary and free cash flow are two totally different things.
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I even had med school classmates who would max out their loans so they could drive nice cars. Silly.
 
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#113
#113
Obsessed said:
What’s your speciality?

I know of a plastic surgeon down in Mississippi that has his own jet.
He flies it himself too.
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Given that this is an anonymous message board, I'd rather not reveal too much of my personal information, lest it out me. Hope you don't mind. I will say I'm far from being able to own my own jet, though!
 
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#114
#114
CABVOL said:
So true. Living above one's means, no matter one's annual income, is a recipe for financial disaster. If you make $500K and spend $550K, you will broke all day long.

If you make $80K and spend $70K, you will be retiring much sooner than the $500K person. Happens ALL too often.

Those that look rich, usually just owe for everything they have and don't really have a pot to piss in in the grand scheme of things. Most people that are wealthy, one would not know it by just looking at them or what they drive.
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Agreed. Particularly in this country, the average person seems to operate on the "if you have credit cards, you have money" principle. I would prefer to live below my means and retire early. With rare exceptions, I've never carried a credit card balance.
 
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#123
#123
Vol_Doc said:
Given that this is an anonymous message board, I'd rather not reveal too much of my personal information, lest it out me. Hope you don't mind. I will say I'm far from being able to own my own jet, though!
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You have the keys to the candy store, a jet is attainable.
 
#125
#125
DancingOutlaw said:
In case you have anything left in your gullet.

Democrat Abdul El-Sayed proposes universal health care for Michigan
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Amazing how some people are gullible enough to think government bureaucrats can do anything other than waste better than the private sector, or that adding a bureaucratic layer and farming out the work to the private sector is more cost efficient. Half our problems are created by government bureaucracies running roughshod over everything as it is.
 
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