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Old Today, 09:42 AM
 
Location: Aurora Denveralis
5,594 posts, read 1,853,787 times
Reputation: 8383

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Quote:
Originally Posted by ohio_peasant View Post
There's a straightforward solution to all of this: import able-bodied young people who are willing to work, and who will have more children. But the political climate is moving precisely in the opposite direction.
Yes, because that worked so well for Japan, and for almost exactly the same reasons.
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Old Today, 09:43 AM
 
Location: SoCal
11,221 posts, read 5,426,054 times
Reputation: 7723
Yawn! Did you just get up? We knew the government has todo something about SS. Is it news?
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Old Today, 09:52 AM
 
Location: Aurora Denveralis
5,594 posts, read 1,853,787 times
Reputation: 8383
Quote:
Originally Posted by NewbieHere View Post
Yawn! Did you just get up? We knew the government has todo something about SS. Is it news?
What's even less news is how misunderstanding SS leads to perpetual shrieking that it's about to implode/vanish/be capped/be taken away/blah blah blah. Fifty years on...
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Old Today, 09:58 AM
 
5,437 posts, read 2,461,496 times
Reputation: 13869
Well with 8 billion being wasted...let's sit all the needy up against that wall...let them lick it or meander back and forth near it. It's easier to give to a cause then to a solution.
Not one "thing" you think you "own" , is set in stone from govt retrieval. This includes your life.
Since I can't get the Funds from an inherited ira account I have zero trust in any of these financial gurus touting how great one is to pour money into. Get a bunker.store the funds there...
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Old Today, 09:59 AM
 
Location: Chicago area
8,383 posts, read 12,794,663 times
Reputation: 15212
2 words second-amendment. I don't put anything past the Democratic Party, especially living in we will take your house Illinois, but I am reasonably confident that confiscating assets like this will rightfully lead to some lefties meeting a violent end.
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Old Today, 10:04 AM
 
Location: Aurora Denveralis
5,594 posts, read 1,853,787 times
Reputation: 8383
I love it. We're two years from a Democratic administration and the OMFG THEY'RE COMING TO TAKE IT AWAY, HA HA, THEY'RE COMING TO TAKE IT AWAY chorus is already in fine voice again.

Nice to see reality has seeped in enough that you're conceding the election, though.
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Old Today, 10:05 AM
 
3,374 posts, read 2,881,080 times
Reputation: 6903
Quote:
Originally Posted by Nov3 View Post
Well with 8 billion being wasted...let's sit all the needy up against that wall...let them lick it or meander back and forth near it. .
Brilliant idea. Let's make the wall chocolate on our side and poop on their side. Our needy can feed on the chocolate side and the poop coating on the southern side will ensure no munching from non-Muricans.
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Old Today, 10:46 AM
 
Location: The South
4,870 posts, read 3,379,829 times
Reputation: 7315
Quote:
Originally Posted by Quietude View Post
Well, there's some gibberish for you.

IRAs are not an investment account - you want to invest, invest. With post-tax dollars. And have almost total freedom to do as you like with those funds and accounts.

You want a special break, investing with pre-tax dollars as an individual pension? The cost at the other end is that you don't get to just stash it away as a protected investment, but eventually have to start drawing it down for, you know, retirement.

Did all of you just wander away from the "They're coming for our guns!" rants or something?
Really?
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Old Today, 11:23 AM
 
5,332 posts, read 3,488,446 times
Reputation: 5077
Quote:
Originally Posted by Coldjensens View Post
We have a crises coming. Too many people will be old, and very few of them have anything saved to pay for when they can no longer work. My estimate is that less than half of people my age (mid 50s) have any significant savings or other retirement funding available. It may well be less than 10% have significant savings or other retirement funding sources. An awful lot of people I know have nothing at all avaualbel for retirement.

Social security cannot pay enough to keep them alive and there will not be enough people working compared to the numbers who are too old to work and have no money saved.

The government is not going to simply allow these people to starve, but the government simply does not have money to pay for their old age. There is one pocket of money available to resolve this crises. The 401K funds and other investments of those who saved for retirement. Given the option of letting the masses just starve to death, or simply killing them off, or finding a way to tax/take 401K and other retirement investments and redistribute it so the non-savers do not starve to death. It seems pretty obvious to me which the government will choose.

Sure the people who saved will still likely be better off than the non-savers, but the great hopes of deferred or non taxed income are not going to materialize. The government will have no other choice, it will re-distribute a portion of your 401K or other retirement funding.

People deny this is possible. It cannot happen (because they really really really do not want it to be possible, and therefore deem it impossible) however when asked where else the money will come from, they simply repeat that it is impossible. The law does not permit it (and of course laws never change). So apparently, their answer is the government will simply allow the other people to die.

If you think this is incorrect, then where do you think the money is going to come from to support all the masses of soon to be elderly people with no retirement whatsoever?
Deficit spending...

Seriously you could've learned about that in a lot less time than it took you to write this and would save all your worrying.

/thread
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Old Today, 11:30 AM
Status: "♪ "Everything is awesome..." ♪" (set 19 days ago)
 
Location: Prepperland
13,439 posts, read 9,530,615 times
Reputation: 9362
Hmmm, let's review.
Since 1933, a federal reserve note is a worthless IOU (minus value until redeemed), denominated in dollars, but isn't.
And the buying power keeps dropping (inflation keeps on rising), despite the fact that there is not 'too much money chasing too few goods.'
Any savings, denominated in paper notes, is not only dropping in value each year, but may be taxed at a higher rate in the future.
Thanks to 12 USC Sec. 411, the only way to authorize MORE notes, is for CONgress to increase deficit spending. And that, in turn, increases the debt service (interest).
And in the Coinage Act of 1965, CONgress started counterfeiting fractional coin... while reducing the penalty for counterfeiting, lest "we, the sheeple" decided to prosecute them.

America, you're [bleeped].
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