McDad
I can't brain today; I has the dumb.
- Joined
- Jan 3, 2011
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You’re going to tax the transaction twice? On the way in, and on the way out?Be tough to do it on holdings but buy or sell, yes. I'm talking if you buy $1 million of Boeing stock you pay something along the lines of $1k in tax. Same if you sell.
Be tough to do it on holdings but buy or sell, yes. I'm talking if you buy $1 million of Boeing stock you pay something along the lines of $1k in tax. Same if you sell.
Are you dead-set opposed to privatization of SS?Look, I have not worked out the numbers and I am not saying it is THE solution. I just offered it for discussion purposes based on the assumption that we want to fully fund it. Seems to me that is the starting point and also seems to me that it is politically impossible not to do so.
So, assuming we must fund it, how do we go about doing that?
Are you dead-set opposed to privatization of SS?
Something similar. Not bonds. Simplex, no load index funds. Can have a choice from a few. All have impeccable track records over decades. And/or simple 401s. Point is, like you said, a limited choice of very stable options. Or they could choose to stay enrolled in SS.Put it this way: I am very skeptical of it and the Devil would be in the details. I assume that you do not mean to allow actual individual direction but rather, for example, very low risk, bond-oriented investments for some relatively small portion of a retiree's account. Perhaps a bit more aggressive for someone in their 30s. And sliding in between.
Wow. Insightful. This had only been said about a million times before.
Solutions are what we need to discuss now.
Means testing is a non starter. Raising retirement age by a year, maybe that would work. Or combo that with a tiny tax on securities since tax rate increase on the wealthy is apparently also untenable.
Oh hell no. Can't you people ever get your grubby paws the hell out of my wallet? You already steal enough that you then throw down a rat hole.A fraction of one percent.
Something similar. Not bonds. Simplex, no load index funds. Can have a choice from a few. All have impeccable track records over decades. And/or simple 401s. Point is, like you said, a limited choice of very stable options. Or they could choose to stay enrolled in SS.
This would offload a lot of people from SS system.
Also, allow folks who are currently in SS the option of pulling out a discounted lump sum to place in the limited options. Pretty easy to calculate whether a person is better off in or out of SS depending on age and expected rates of return.
Then when that isn't 'enough', they will sigh and squirm and say "we just need a little bit more". No. They already get enough. How about a constitutional amendment for a 15% flat tax on ALL income? For everybody.Be tough to do it on holdings but buy or sell, yes. I'm talking if you buy $1 million of Boeing stock you pay something along the lines of $1k in tax. Same if you sell.
Maybe it would help if we stop forgiving loans and stop sending billions to countries that will never appreciate it.Look, I have not worked out the numbers and I am not saying it is THE solution. I just offered it for discussion purposes based on the assumption that we want to fully fund it. Seems to me that is the starting point and also seems to me that it is politically impossible not to do so.
So, assuming we must fund it, how do we go about doing that?
I for one don't care whether or not any of them 'appreciate it'. I want OUR tax dollars to benefit OUR country first. If there is any left over then we can be generous. With $4,000,000,000,000.00 in debt, we are nowhere near that point yet.Maybe it would help if we stop forgiving loans and stop sending billions to countries that will never appreciate it.