U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Retirement
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 04-14-2015, 06:33 PM
 
12,825 posts, read 20,154,879 times
Reputation: 10910

Advertisements

Quote:
Originally Posted by nighthouse66 View Post
How is this "hard"? I mean, I am sure the rich will complain- they outdo welfare mothers by light years in that regard. "BUT OUR HOUSE IN THE HAMPTONS NEEDS SILKWORM UNDERWEAR FOR THE HUMMINGBIRDS WHO USE OUR SOLID GOLD FEEDER,THIS ISN'T AMERICAN!"

If you can't survive on 80,000 a year there is something alot more wrong with you than this post can address. I could live on that the rest of my life. With some to spare for the hummingbirds even.
80K is too low, however the principle of not giving welfare to 1%ers is fundamentally correct.
Reply With Quote Quick reply to this message

 
Old 04-14-2015, 06:35 PM
 
Location: Great State of Texas
86,093 posts, read 72,544,616 times
Reputation: 27566
Quote:
Originally Posted by BayAreaHillbilly View Post
80K is too low, however the principle of not giving welfare to 1%ers is fundamentally correct.

Then they should have the option of not paying in if they are not going to get back.
Reply With Quote Quick reply to this message
 
Old 04-14-2015, 06:38 PM
 
12,825 posts, read 20,154,879 times
Reputation: 10910
Quote:
Originally Posted by TuborgP View Post
That's when he would raise the retirement age
De facto it will be raised, many of us born after 1960 will not retire until 70 (or later).
Reply With Quote Quick reply to this message
 
Old 04-14-2015, 06:40 PM
 
12,825 posts, read 20,154,879 times
Reputation: 10910
Quote:
Originally Posted by HappyTexan View Post
Then they should have the option of not paying in if they are not going to get back.
Let us face the fact it is actually a redistribution of wealth. Let's stop hiding that fact. Once we face that fact, combined with the conviction shared by most Americans that it is moral to provide benefits to elders who've worked, then we can face the fact that 1%ers will pay in more then they will get back.
Reply With Quote Quick reply to this message
 
Old 04-14-2015, 06:43 PM
 
12,825 posts, read 20,154,879 times
Reputation: 10910
Quote:
Originally Posted by volosong View Post
Without knowing that much yet about his proposal, I have to say that in the country's march toward socialism, this makes perfect sense. (I'm not considering the fellow's politics and question if his party affiliation is accurate for his beliefs.)
March toward? Let's be real. We've had a mixed economy, with aspects of socialism, for over 70 years. To be clear, we are still not as socialist as a number of other advanced 1st world countries. It's not the end of the world being a bit socialist in certain areas. I call 'em like I see 'em.
Reply With Quote Quick reply to this message
 
Old 04-14-2015, 06:46 PM
 
1,882 posts, read 2,843,405 times
Reputation: 3886
Quote:
Originally Posted by TuborgP View Post
^^^^^^^^
Try being one of the many individuals who have pensions and MRD's exceeding 80k and who have paid into SS all their lives and live in a high COLA area. Try being someone who takes money out of their retirement savings to pay for a new roof or a car and as a result has a reduction in SS benefits.
Yeah well try being someone who lives on SS that amounts to a few hundred dollars a month and goes to the fridge and NO FOOD. Sorry, I hope you weren't expecting pity.
Reply With Quote Quick reply to this message
 
Old 04-14-2015, 06:55 PM
 
Location: Great State of Texas
86,093 posts, read 72,544,616 times
Reputation: 27566
Quote:
Originally Posted by BayAreaHillbilly View Post
Let us face the fact it is actually a redistribution of wealth. Let's stop hiding that fact. Once we face that fact, combined with the conviction shared by most Americans that it is moral to provide benefits to elders who've worked, then we can face the fact that 1%ers will pay in more then they will get back.
And you'll see "income" of these 1%er's plummet if they get any.
The switch will be made to "assets" which can be sold for cap gains which has no FICA withheld.
Reply With Quote Quick reply to this message
 
Old 04-14-2015, 06:57 PM
 
Location: Great State of Texas
86,093 posts, read 72,544,616 times
Reputation: 27566
Quote:
Originally Posted by nighthouse66 View Post
Yeah well try being someone who lives on SS that amounts to a few hundred dollars a month and goes to the fridge and NO FOOD. Sorry, I hope you weren't expecting pity.
Are you retired ? Christie is proposing phasing out at higher post retirement income. But nothing about increasing benefits for people.
Reply With Quote Quick reply to this message
 
Old 04-14-2015, 07:04 PM
 
Location: Los Angeles area
14,018 posts, read 17,751,136 times
Reputation: 32309
Quote:
Originally Posted by SOON2BNSURPRISE View Post
............ Up untill 2010 you would have received more from Social Security than you paid in. As of 2010, if you retire today, you will not get what you put into the program.

....................
I am curious about your reasoning here. What is it about the year 2010 which constitutes this alleged tipping point? Are you referring to the eventual projected shortfall resulting in the payout of 75% of promised benefits at some future point?

Of course the largest single factor in determining whether we receive more or less than we paid in is our longevity. So I assume you are talking about average longevity?

I am skeptical about what you stated, but await your explanation with an open mind.
Reply With Quote Quick reply to this message
 
Old 04-14-2015, 07:08 PM
 
30,140 posts, read 47,370,265 times
Reputation: 16076
If you believe Christie can do math, then you haven't read any of the articles about how he and his cronies have stolen money from NJ and other government authorities for years...
He is a crook and if he is spouting this "new approach" then I guarantee you he has a way that the truly wealthy people -- like those who contribute to his campaigns--won't feel the pinch...
wouldn't trust him as far as I could throw him...
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Retirement
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top