Would you do away with ss?

[68RR]

"Oh, I agree, but the whole point of SS & government is the notion that people are too stupid to take care of themselves."

Of all the staments made so far, this one pisses me the most. Before the Depression and the Dustbowl, people were working and saving (Gay 90's-Roaring 20's). There was no Government safety net (SS) and people back then abhored the thought of welfare and assistance. So, the market crashes, the banks go tits up, savings are wiped out and the Great Depression starts.
Roosevelt gets elected and projects such as WPA and CCC are formed to help and try to get the country going., but what to do with the elderly who lost everything and weren't able or capable of going back into the work force??
Out of all this SS was instituted. Not as the main source of retirement income, but to help restore to the seniors then alive a little of what they lost in the crash and bank failures and help the future senior generations also. It was then, and still is today YOUR financial responsibility to prepare for the future. My great grandparents, grandparents, my dad, aunts and uncles all knew that and instilled that in me.
The creation SS was not a stupid idea. Sadly, our Senators and Congressmen, thru the raping and pillaging of the SS funds have destroyed our once independent ways and turned the country into welfare leeches and me, me ,me types.

[03mustangdude]

Why is it that ss is so underfunded? Because people use it when they are young and claim disability. The same goverment workers that investigate it cant do anything to stop it. Cut the fat before cutting the benefits of people who worked years to create this country.

When I had to go to the social security administration to prove that I was a us citizen 12yrs after 9/11 to work for choo choo. I saw people just applying for that stuff left and right they even had a seperate waiting area with 10x the employees needed to answer questions in english and spanish. WTF.

[Forever_frost]

Oh, I agree, but the whole point of SS & government is the notion that people are too stupid to take care of themselves. If you at least forcibly, like SS, take the peoples money, roll it into a private 401k/IRA -ish account. Again, it's private and your money and something you would give away in a will. Further, cash injection like that into the economy from the whole populace. Choo Choo!

Is it private if the money is being taken from you and invested for you? The government decides where it goes and what companies it wants to support with your money and if you lose money, sucks to be you.

[Gasser64]

Oh, I agree, but the whole point of SS & government is the notion that people are too stupid to take care of themselves. If you at least forcibly, like SS, take the peoples money, roll it into a private 401k/IRA -ish account. Again, it's private and your money and something you would give away in a will. Further, cash injection like that into the economy from the whole populace. Choo Choo!

Im assuming this private account would also be doled out to them in small increments? Just like SS would have been. For the obvious reason that you wouldnt have unwise people just blowing all the money and ending up homeless. By the time they are that age most of the people who would help them have died already.

And what of people that never paid in at all? These are just the questions I get asked when I argue that ss should be done away with

[Gasser64]

It's a loan with a return on interest, not an entitlement.

And Justin is, always has been, and always will be, a fucking moron. Hell, his name may have been Josh this entire time, since he steals other peoples screen names who knows. Regardless of what your license says you're an idiot and a piece of shit.

So what youre saying here is, basically youre the same. As for the fucking moron part i dont know. I do not know this person. But if you saying that im a piece of sh1t you dont know me and have never met me. So if I am, you are. I can say the same thing about you but with actual valid reason, because you seem to just randomly attack people that you have no idea who they are, for seemingly no reason. Your life must be as big of a piece of shit as you think I am

And something tells me you brought it all on yourself. Jeezis where do they get these people

[GhostTX]

Or they can just leave you to plan your own retirement.

Oh, I agree, but the whole point of SS & government is the notion that people are too stupid to take care of themselves. If you at least forcibly, like SS, take the peoples money, roll it into a private 401k/IRA -ish account. Again, it's private and your money and something you would give away in a will. Further, cash injection like that into the economy from the whole populace. Choo Choo!

[YALE]

Followed by an even more interesting comment.

If I'm being totally honest, I hope I never need it.

[jyro]

Give me all the money back I paid in with interest and do away with it. for the last 3 years I have limited my AC business to $1400 a month because SS requires me to pay back money if I make any more than $1400. I'll be 66 this year and can make as much as I want to after I'm 66. The wife and I are both on it, it's a savings plan the government setup. I have a IRA but haven't touched it yet thanks to SS.

[Ruffdaddy]

That's an interesting word.

Followed by an even more interesting comment.

[YALE]

I guess I would reform entitlements, if you gave it to me to do. The primary issue with even trying is that this country has a fundamental inability to admit when the well has run dry, coupled with a fundamental inability to try anything new when it does. That's kind of a recent thing, and I don't get it.

That's an interesting word.

It's fitting in the context of brain dead Justin's ramblings.

[YALE]

It's pretty much all semantical. Your money earns interest, and then it is paid back to you. That's the theory, anyway. Is it in total shambles right now? Pretty much. That doesn't mean the people who have paid in their entire lives deserve to be fucked over by it, now, or in the future.

That's an interesting word.

No, a loan you voluntarily put in for. This, you have no choice and you can't choose where to put your money to maximize your return. Does the government have the ability to decide your payouts and withold them during budget negotiations?

Sounds like an entitlement more than a return on a loan doesn't it to you?

It's pretty much all semantical. Your money earns interest, and then it is paid back to you. That's the theory, anyway. Is it in total shambles right now? Pretty much. That doesn't mean the people who have paid in their entire lives deserve to be fucked over by it, now, or in the future.

[Forever_frost]

It's a loan with a return on interest, not an entitlement.

And Justin is, always has been, and always will be, a fucking moron. Hell, his name may have been Josh this entire time, since he steals other peoples screen names who knows. Regardless of what your license says you're an idiot and a piece of shit.

No, a loan you voluntarily put in for. This, you have no choice and you can't choose where to put your money to maximize your return. Does the government have the ability to decide your payouts and withold them during budget negotiations?

Sounds like an entitlement more than a return on a loan doesn't it to you?

[Ruffdaddy]

Assuming a fixed annual contribution over 45 years, a 50% return on investment is equivalent to about 1.75% per year, a 100% ROI is equivalent to 2.9% per year, and a 200% ROI is equivalent to 4.4% per year. I think even Ruffdaddy might be able to beat that.

Hahaha...as I was reading that I was thinking..damn even my 401K does better than that.