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lkm - what if you were able to keep all that money you pour into social security and invest it or do what you wish with it? The rate of return on mandatory social security is extremely low. When you retire you are forced to accept whatever money the government will give you, tied to inflation. Clinton and Bush administrations have fiddled with how inflation is calculated to intentionally keep interest rates appearing artifically low...and the income received by seniors as a result. Most of these seniors are entirely dependent on these checks to survive, who were you saying isn't a slave?
lkm - what if you were able to keep all that money you pour into social security and invest it or do what you wish with it? The rate of return on mandatory social security is extremely low. When you retire you are forced to accept whatever money the government will give you, tied to inflation. Clinton and Bush administrations have fiddled with how inflation is calculated to intentionally keep interest rates appearing artifically low...and the income received by seniors as a result. Most of these seniors are entirely dependent on these checks to survive, who were you saying isn't a slave?
yeah, but nobody says you have to be on social security, if you feel you are so high up then opt out and work till you die
before social security, we used to have private accounts, they were a huge faliure, 75% of seniors were in poverty, today its only 10%, i dont see any seniors rioting in the streets claiming social security is ripping them off, even mcsame, who wants to privative social security, TAKES social security, and hes a millionaire, what a hypocrit
lol, the vast majority of americans dont think the way you do, social security is not a corrupt system and the majority of americans approve of it, and it does not make you a slave, without out social security you would officially be a slave working till death
unless you learn to be RESPONSABLE and put away money for retirement... its not even that hard...
A social security number is the introduction to your slave master, the Government. After all the government will take care of you from cradle to grave. After all we must make sure you pay your taxes and put money into social security to pay for those already slaves to the corrupt system. So cry all you want little baby you have just become another government slave for the system of the corrupt. Welcome to bondage and the world we call "security"
thanks for your response, yes it is your intro. to your slavemaster . My parents did declare all 7 of the children in my family. Even though we did not get S.S. cards untill our 16 birthdays. and my parents did get savings bonds for all of us. all this without a S.S. cards . In reality the reason for the early issueing of the Cards is in the numbers. The one on the front is your imput number. Look on the back there is another number . That is your bonding number. You see our Government is using our S.S. number instead of gold to back the dollar. That is why they wan't to issue drivers licenses to illegals . To get a drivers license you need a ( you guest it) S.S. card . Think about it maybe 1,000,000. New drivers licenses. That many more dollars can b e printed. Yes or no ?
lkm - what if you were able to keep all that money you pour into social security and invest it or do what you wish with it?
The only reason payroll taxes are included in your gross pay is so that you can use those dollars to pay the taxes. If the taxes were to go away, so would that portion of your paycheck. (Reminder: There is no free lunch.)
Quote:
Originally Posted by MamaBee
The rate of return on mandatory social security is extremely low.
No, it isn't. The average investor would have to rely on luck to be able to end up better off on his own than under SS.
Quote:
Originally Posted by MamaBee
When you retire you are forced to accept whatever money the government will give you, tied to inflation.
Also to productivity. Private companies do not even offer a product that mimics an SS annuity.
Quote:
Originally Posted by MamaBee
Clinton and Bush administrations have fiddled with how inflation is calculated to intentionally keep interest rates appearing artifically low...and the income received by seniors as a result.
No, they didn't, but go ahead and tell us all how food and energy aren't included in the CPI(U) anymore anyway.
Quote:
Originally Posted by MamaBee
Most of these seniors are entirely dependent on these checks to survive...
No, they aren't. On average, SS is about 40% of the income of seniors. Only about 20% of couples and 40% of singles rely on SS for as much as 90% of their income. That's still a lot of people, but it's a heck of a long way short of "most are entirely dependent" as well...
A social security number is the introduction to your slave master, the Government. After all the government will take care of you from cradle to grave. After all we must make sure you pay your taxes and put money into social security to pay for those already slaves to the corrupt system. So cry all you want little baby you have just become another government slave for the system of the corrupt. Welcome to bondage and the world we call "security"
This is perpaps the only issue I dont fully, only partly disagree with my running mate for business manager of the USA. After we abolish the political parties, the IRS terrorists and the federal reserve we will have to work on this Social Insecurity thing.
Yes your SS # is your slave number. It will be used to track us from cradle to grave. But yes it also helps those who can not help themselves during and after their working days. Until we Americans learn to save then we need a little forced help.
What were the numbers I read? 60 something percent of all retiring Americans will retire with no money in the bank. None ! If it were not for SS then what will they do? Maybe end up in soup kitchens and shelters?
Tough deal here that I dont claim to have the answers for. I also read about 51% of those polled are relying on winning the lottery to get them through retirement. That is crazy crazy crazy!!!!
If a person dies before reaching retirement age, they get nothing from social security. They get none of the money that they contributed to SS. If the person dies shortly after reaching retirement - again, no further payments are made. Those monies that were contributed to Social Security cannot be given to heirs by the worker.
There are more than 6.5 million survivors of deceased SS beneficiaries currently receiving SS benefits that average over $1,000 per month. Where did they come from?
There are also nearly 9 million disabled workers and their dependents receiving monthly checks that average in excess of $1,000 per month. How would such a thing as one of those private accounts work out for the family of a breadwinner who became unable to work at say the age of 32 with a wife and two small children? Do you think there would be be enough built up in that account by that time to provide basic support for a family of four for the next 40 years or so?
This is perpaps the only issue I dont fully, only partly disagree with my running mate for business manager of the USA. After we abolish the political parties, the IRS terrorists and the federal reserve we will have to work on this Social Insecurity thing.
I don't think you'll actually have much time for the Social Security thing. You'll be too busy coming up with replacements for political parties, the IRS, and the federal reserve system that will...surprise...look and function very much like the things that they are replacing...
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