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Old 11-21-2013, 05:44 AM
 
22,768 posts, read 30,801,740 times
Reputation: 14747

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Quote:
Originally Posted by sickofnyc View Post
Warren's policies are exactly what the shrinking middle class needs right now...as opposed to the Ayn Rand philosophies that the GOP/Teapublicans are pushing.
FTA:

Quote:
many of the issues that Warren has been championing for years now — Wall Street accountability and oversight of the big banks; stagnating middle class wages; the need for financial reforms designed to address the ways the economy is rigged in favor of the financial sector and against working Americans — are emerging as central to a larger argument over what the Democratic Party should stand for and who it really represents.
i just wanted to add that you could replace "Democratic" with "Republican", and this statement would remain true. Both parties have totally failed on this front.


Quote:
Originally Posted by michiganmoon View Post
How did she propose to pay for the expansion when it is currently insolvent.
probably by raising the cap on the payroll tax.
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Old 11-21-2013, 05:46 AM
 
22,768 posts, read 30,801,740 times
Reputation: 14747
Quote:
Originally Posted by evilnewbie View Post
I rather see Social Security as what it was intended, a SAFETY NET program... with tiered levels...

Earn 10k or less per year from other retirement sources, get 2k a month...
Earn 30k or less per year from other retirement sources, get 1k a month...
Earn 50k or less per year from other retirement sources, get 500 a month...
Earn more than 55k per year or more, get nothing...

I suspect it will make the program viable and last a long time...
removing the payroll tax cap will increase that effect, imo
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Old 11-21-2013, 05:50 AM
 
Location: the very edge of the continent
89,401 posts, read 45,120,542 times
Reputation: 13822
Quote:
Originally Posted by le roi View Post
removing the payroll tax cap will increase that effect, imo
Yep. Warren advocates even more asset stripping of as many U.S. citizens as possible.

Remember, MOST people already LOSE money on SS.
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Old 11-21-2013, 05:56 AM
 
Location: The Brat Stop
8,347 posts, read 7,261,533 times
Reputation: 2279
Quote:
Originally Posted by InformedConsent View Post
Can you prove that it isn't true that most people LOSE money on SS?

We all know you can't. Even the SS Admin admits most people actually LOSE money on SS.
You can't prove it does, how's that? We all know you can't.
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Old 11-21-2013, 06:05 AM
 
Location: the very edge of the continent
89,401 posts, read 45,120,542 times
Reputation: 13822
Quote:
Originally Posted by NoJiveMan View Post
You can't prove it does, how's that? We all know you can't.
Someone didn't bother to read the AP article.
Quote:
"As recently as 1985, workers at every income level could retire and expect to get more in benefits than they paid in Social Security taxes, though they didn't do quite as well as their parents and grandparents.

Not anymore.

A married couple retiring last year after both spouses earned average lifetime wages paid about $598,000 in Social Security taxes during their careers. They can expect to collect about $556,000 in benefits, if the man lives to 82 and the woman lives to 85, according to a 2011 study by the Urban Institute, a Washington think tank.

Social Security benefits are progressive, so most low-income workers retiring today still will get slightly more in benefits than they paid in taxes. Most high-income workers started getting less in benefits than they paid in taxes in the 1990s, according to data from the Social Security Administration."
AP - Social Security a LOSING Deal for Most Workers

Even some low-income earners LOSE money on SS.
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Old 11-21-2013, 06:14 AM
 
20,186 posts, read 23,911,482 times
Reputation: 9284
Quote:
Originally Posted by le roi View Post
removing the payroll tax cap will increase that effect, imo
I don't mind removing the payroll tax cap IF there are serious fundamental changes to SS... and I doubt the left would allow any change...
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Old 11-21-2013, 06:23 AM
 
Location: Annandale, VA
5,094 posts, read 5,187,667 times
Reputation: 4233
Quote:
Originally Posted by borregokid View Post
This is the kind of proposal that the Tea Party will have a hard time dealing with. They hate government programs but only those that don't benefit them. The Tea Party loves Medicare, SS, Defense Spending, and VA specifically. If someone is handing out money look for a Tea Partier to be first in line.

We just want the money that we contributed to be returned to us. We paid taxes over a lifetime of work to fund these programs. We did not get to "opt in" or "opt out".
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Old 11-21-2013, 06:26 AM
 
Location: Annandale, VA
5,094 posts, read 5,187,667 times
Reputation: 4233
Quote:
Originally Posted by InformedConsent View Post
Yep. Warren advocates even more asset stripping of as many U.S. citizens as possible.

Remember, MOST people already LOSE money on SS.

What they lose is the potential gains they would have received if they invested the contributions in the private sector instead of the minimal 2% interest that is accrued in SS.
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Old 11-21-2013, 06:31 AM
 
Location: NE Ohio
30,419 posts, read 20,366,433 times
Reputation: 8958
Quote:
Originally Posted by sickofnyc View Post
Warren's policies are exactly what the shrinking middle class needs right now...as opposed to the Ayn Rand philosophies that the GOP/Teapublicans are pushing.
Her view of the "Chained CPI" may be the only thing I agree with her on. But, she is still a collectivist (socialist) and there is no getting around that. That is what makes her dangerous. It is an unAmerican ideology that is a threat to our freedom. I would never champion such an ideology, as she does.

As for Ayn Rand and Republicans, the Republican Party supports our free enterprise system, which is based on the ideas of capitalism. Beyond that there is no connection of the Republican Party to Ayn Rand.

Rand was born in 1905 in St. Petersburg, Russia. The Republican Party emerged in 1854, and our nation has always been, from it's founding, a capitalist nation. Capitalism is the only system that can support Freedom as we have known it in America.

You should learn some history before making such wild accusations. Rand learned about freedom and capitalism by studying American history, after her fathers pharmacy had been confiscated by the Communists. She was well aquainted with collectivism (what Elizabeth Warren champions) as she had experienced it first hand, and saw what it does to a nation. She came to the United States first in 1926, and her well known novel, "Atlas Shrugged," was not wrtten until 1946, after several other works, including, "The Fountainhead."

So, the Republican Party was not modeled after Rand's work. Rather, Rand wrote based on what she learned about America, after coming here.
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Old 11-21-2013, 06:35 AM
 
Location: NE Ohio
30,419 posts, read 20,366,433 times
Reputation: 8958
Quote:
Originally Posted by urbanlife78 View Post
I agree with her, she has been a favorite of mine for a while and would love to see her one day run for president.
Figures. You and your ilk really hate freedom and liberty, as does Elizabeth Warren.
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