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The government has taken money I could be investing and using it for the crapfest they call SS.
If you have a job, look at your pay stub. You'll see the government takes money that you could invest for retirement and uses it to fund the SS Ponzi Scheme.
Yeah, you could have put it all with Bernie Madoff, or Bear Sterns, or any of the crashed an burned Ponzi schemes of the past, those Wall Street adventurers took the money and gave us, the taxpayers, the tab for reimbursement. The "crapfest" then wasn't SS but moreover the circus of dishonesty surrounding the very construct you are advocating for. I got my SS check throughout that period 08--to the present, and I'm thankful that my earned SS dollars weren't so cavalierly taken by crooks for their own enjoyment.
When your "investment" is squandered and the government does nothing to the crooks who spent your money why would you trust that construct anymore than the government that allowed it to happen? I'm waiting for the Wall Streeters to further this kind of fleecing to become the replacement for SS, I don't trust anybody, but up against the wall, I'll take the government, warts and all, over the Wall Street crowd..
You're conflating SS with Medicare. It IS true that most people LOSE on SS. Even the SS Admin admits that. As far as Medicare tax... it's not capped. So only higher income earners lose money on that. The middle class tends to break even. And, as usual, society's slackers make out like bandits.
Yeah, you could have put it all with Bernie Madoff, or Bear Sterns, or any of the crashed an burned Ponzi schemes of the past, those Wall Street adventurers took the money and gave us, the taxpayers, the tab for reimbursement. The "crapfest" then wasn't SS but moreover the circus of dishonesty surrounding the very construct you are advocating for. I got my SS check throughout that period 08--to the present, and I'm thankful that my earned SS dollars weren't so cavalierly taken by crooks for their own enjoyment.
When your "investment" is squandered and the government does nothing to the crooks who spent your money why would you trust that construct anymore than the government that allowed it to happen? I'm waiting for the Wall Streeters to further this kind of fleecing to become the replacement for SS, I don't trust anybody, but up against the wall, I'll take the government, warts and all, over the Wall Street crowd..
Fidelity
Vanguard
Schwabb
T. Rowe Price
Franklin Templeton
Oppenheimer
Those are some of the top 10 fund management companies in the country with stellar ethics, fund performance, customer service, and a history of being able to be trusted, yet you cherry pick a handful of the biggest and sketchiest names/companies out there. I'd feel 100% more safe if my money was with any of those companies, and in fact it is with two of them rather than the government. Let the government set the rules, but let one or more of those companies manage the funds using some of their more stable, safe, and low cost funds.
We have a real f'ing problem on our hands if we are going to dumb down society to cater to people who cant function past a 6-8th grade math level, thats just unacceptable. For the 100th time I'll say that we do need to protect those who have limitations and would otherwise be destitute, but if you are a US citizen who can't pass 6-8th grade math that is a huge problem, and to claim that the vast majority fall into this category to the point where we need to cater SS to their needs seems like total BS.
Calling people idiots for not wanting to go back to 60% poverty rate among seniors is quite a statement. Unless you WANT to see millions of seniors starve and die and beg in the streets, you will have to support them somehow anyway. SS is an insurance policy to create a certain floor for everyone so we dont turn into a third world hellhole which Paul Ryan, Trump and his cronies are preparing.
Calling people idiots for not wanting to go back to 60% poverty rate among seniors is quite a statement. Unless you WANT to see millions of seniors starve and die and beg in the streets, you will have to support them somehow anyway. SS is an insurance policy to create a certain floor for everyone so we dont turn into a third world hellhole which Paul Ryan, Trump and his cronies are preparing.
When are you going to stop making up things that you think I said. Please point to where I called people idiots, and if you can't please refrain from replying to my posts.
Calling people idiots for not wanting to go back to 60% poverty rate among seniors is quite a statement. Unless you WANT to see millions of seniors starve and die and beg in the streets, you will have to support them somehow anyway. SS is an insurance policy to create a certain floor for everyone so we dont turn into a third world hellhole which Paul Ryan, Trump and his cronies are preparing.
I'm not buying it. As I've already posted, MOST people LOSE money on SS. They would have been better off stuffing their SS tax money into their mattresses realizing no gain whatsoever. They'd end up having more money.
You're conflating SS with Medicare. It IS true that most people LOSE on SS. Even the SS Admin admits that. As far as Medicare tax... it's not capped. So only higher income earners lose money on that. The middle class tends to break even. And, as usual, society's slackers make out like bandits.
To claim that the middle class "break even" on Medicare so it doesnt matter whether we privatize it or not is preposterous.
Your callous and crude description of the disabled, the poor and disadvantaged though really says alot about you.
I'm not buying it. As I've already posted, MOST people LOSE money on SS. They would have been better off stuffing their SS tax money into their mattresses realizing no gain whatsoever. They'd end up having more money.
When people pay into SS, they are not stuffing their money into a personal account and then withdrawing that plus interest. The money is spent supporting current beneficiaries.
So are you saying we should stop supporting current beneficiaries?
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