X+Y=Screwed

#51
#51
lawgator1 said:
Okay, that means no SS payments to anyone currently retired since its your dollars going in now which are paying their benefits. Have fun driving to work with all the homeless 80 year olds clogging the streets.
Click to expand...

Baby boomers didn't pay into the system? How many BB are there? 80 million? Should be plenty of $$ in the system to deal with them.

It shouldnt be set up so that one generation pays for another, it should be set up where one person pays for themself
 
#52
#52
lawgator1 said:
I've been paying in for 32 years. For the last 15 years I put in the max.
Click to expand...

who cares? Care to answer the questions?

Why should I lose money to pay for others poor life planning? I will happily pay for my parents if ever required but I don't feel like paying for others. Keep the money I've already put in, quit taking money from my check now and I'll be just fine when I choose to retire. If not I'll just keep working.

Retirement isn't a right
 
#53
#53
I'd be curious to know what the ratio of benefits paid (or projected to be paid) looks like for

a. the "greatest generation"
b. baby boomers
c. generation x and y

I'm guessing a. is receiving waaaay more than they paid in.
 
#54
#54
So what would happen to me if I developed a "scheme" where I paid off yesterday's "contributors" with the "contributions" made today? Who could answer that one.....oh ok. You Bernie, in the front row behind those pesky jail cell bars.
 
  • Like
Reactions: 1 person
#55
#55
dreVol said:
I'd be curious to know what the ratio of benefits paid (or projected to be paid) looks like for

a. the "greatest generation"
b. baby boomers
c. generation x and y

I'm guessing a. is receiving waaaay more than they paid in.
Click to expand...

Obviously, the greatest generation got a sweetheart deal. Then again, I am ok with that just for their generation. Generation x and the Baby boomers, not so much.
 
#56
#56
Id kill for SS to be turned into a personal whole life policy. A 10-20 year pay policy and any "dividends" from the policy go straight towards those who are disabled.

The problem with SS now is there is zero accountability and way too many people are trying to scam the system, and the rich are called greedy when they don't even want SS
 
Last edited:
#57
#57
PKT_VOL said:
Obviously, the greatest generation got a sweetheart deal. Then again, I am ok with that just for their generation. Generation x and the Baby boomers, not so much.
Click to expand...

Gen X is paying for the BBs and the greatest gen. They are literally carrying this country and expect zero from it when it's their turn

Everyone talked smack about Gen X 10-20 years ago when in reality they will be carrying this country
 
#58
#58
lawgator1 said:
Okay, that means no SS payments to anyone currently retired since its your dollars going in now which are paying their benefits. Have fun driving to work with all the homeless 80 year olds clogging the streets.
Click to expand...

Why would they be in the street? Should be on the sidewalk
 
#59
#59
Also the BBs forced their kids to get an education and they also forced everyone to play on an equal field and now Gen X+Y is saddled with student loan debt and the people hiring dont care that you have an MBA, they care about what box you checked in the ethnicity collum
 
#60
#60
VolsNSkinsFan said:
Also the BBs forced their kids to get an education and they also forced everyone to play on an equal field and now Gen X+Y is saddled with student loan debt and the people hiring dont care that you have an MBA, they care about what box you checked in the ethnicity collum
Click to expand...

Shouldn't even be on an application
 
#61
#61
lawgator1 said:
Who bears the responsibility for keeping the promise made to those who have worked and paid in ?
Click to expand...

The responsibility falls on those taking the money and redistributing into different programs so that you are not being paid with the money you actually put in, but rather money the next generation is putting in.

Given the utter failure of the system (due to the ability of the government (both Ds and Rs) to take SS pay ins and allocate that $ somewhere else) I would be willing to take 25% of what I am paying in to SS currently and basically forfeit it to those that are currently receiving SS payments if I am allowed to keep the 75% and invest it to my liking. SS needs to be systematically dismantled for future generations, or just cut to the chase and call it a government slush fund/tax. And that should be attached at the hip to anyone that believes that the government needs to be in the retirement fund business.
 
#62
#62
This thread reminds me of the PAC commercial where that giant pussy blames Romney for the death of his wife. My pappy taught me that I was responsible for taking care of my family. If my wife doesn't have health insurance it is my fault....and mine alone.
 
#63
#63
lawgator1 said:
You deny that the audience he wrote that for buys into that narrative, and that the narrative was what he was writing about?

If so, you are just an abject liar.
Click to expand...

I and many others, unlike you, do not instantly think "RACE!!!!" every time a subject comes up.
 
#64
#64
VolsNSkinsFan said:
Gen X is paying for the BBs and the greatest gen. They are literally carrying this country and expect zero from it when it's their turn

Everyone talked smack about Gen X 10-20 years ago when in reality they will be carrying this country
Click to expand...

Everyone preceding generation talks smack about the succeeding generation when they are young and dumb. It is almost a right of passage.

If SS is to continue, my generation (which your generation trashes) will be propping you up.
 
#65
#65
I'm 31 so I'm a Gen Xer and nobody I know is planning on SS or Medicare being there for us, yet we continue to pour thousands of our dollars into the system every year. It's laughable
 
#66
#66
PKT_VOL said:
If SS is to continue, my generation (which your generation trashes) will be propping you up.
Click to expand...

I wish they'd just make it voluntary. Void any social security benefits owed to me from what I've paid in so far and let me keep my money from here out.
 
#67
#67
VolsNSkinsFan said:
I'm 31 so I'm a Gen Xer and nobody I know is planning on SS or Medicare being there for us, yet we continue to pour thousands of our dollars into the system every year. It's laughable
Click to expand...

I wouldn't count SS out at this point. Your just not going to get out of it what you paid in.
 
#68
#68
PKT_VOL said:
Everyone preceding generation talks smack about the succeeding generation when they are young and dumb. It is almost a right of passage.

If SS is to continue, my generation (which your generation trashes) will be propping you up.
Click to expand...

Times are changing a lot. If your depending on SS 20 and 30 years from now your pretty foolish. That is a lot easier to see and understand than it was say 20 or 30 years ago.
 
#71
#71
BeecherVol said:
Times are changing a lot. If your depending on SS 20 and 30 years from now your pretty foolish. That is a lot easier to see and understand than it was say 20 or 30 years ago.
Click to expand...

Yeah, but it doesn't mean that my generation won't continue to pay into it our whole life for the failures of the BB and Generation X.
 
#72
#72
VolsNSkinsFan said:
I'm 31 so I'm a Gen Xer and nobody I know is planning on SS or Medicare being there for us, yet we continue to pour thousands of our dollars into the system every year. It's laughable
Click to expand...

Social Security not deal it once was for workers - Yahoo! Finance

People retiring today are part of the first generation of workers who have paid more in Social Security taxes during their careers than they will receive in benefits after they retire.
Click to expand...

Good investment. :good!:
 
#73
#73
Maybe Al Gore was right when he campaigned about putting social security funds in a "lock box".
 
#74
#74
TheDeeble said:
I wish they'd just make it voluntary. Void any social security benefits owed to me from what I've paid in so far and let me keep my money from here out.
Click to expand...

I posted above that I would be willing to give a 1/4 of what is taken out if I can keep the rest.

As to the rest of the post, if your stupid enough to voluntarily give them a portion of your earnings past taxes to hold on for you given its history, go for it.
 
#75
#75
PKT_VOL said:
Yeah, but it doesn't mean that my generation won't continue to pay into it our whole life for the failures of the BB and Generation X.
Click to expand...

The difference is those generations are being forced to take another portion of their earnings and invest it because of the threat that SS will eventually be a tax because it won't be there to withdraw later. The generations before put a whole lot more faith in the government than we are now. (Well, most of us) So in a sense your not propping up the generations before you like what is going on now.
 
New posts
You must log in or register to reply here.

VN Store



Back
Top