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.
BTW, I have never worked for anyone else but myself. Well, that is not completely true: I worked the soda fountain at a W.T. Grants when I was in High School. But, other than that, I have always worked for myself.
I thought you said you were once a judge. Would that have been in your own kangaroo court? Or maybe you were a volunteer stroke judge at a swim meet?
Medicare is a health care system for seniors paid for by the federal government. You earn the benefit by paying into it. Close to 100% of the working adults in the USA are on this program once they hit age 65. It offers huge benefits due to the fac the federal government pays and thus has the clout to negotiate huge rate discounts.
Medicaid is a health care system given to poor people. Think unwed mothers with a bunch of kids and no job. Totally different. It's similar to welfare and food stamps.
I never said anything about Medicaid. You are correct - totally different.
I am totally and 100% completely responsible for my own health care / health insurance.
If you were given a choice to opt out of Social Security, perhaps on the condition that you contribute to an approved retirement program, that you control what happens with your contributions, would you opt out of Social Security and Medicare?
Anybody who thought they could manage their money better, would now be living on less than one percent of their nest-egg per year. So, to have $1,000 a month, your portfolio would have to be in the neighborhood of a million.
You are making a lot of assumptions that people would be 100% invested in the U.S. stock market, or any stock market for that matter.
At a 15% savings rate, it would not be difficult at all to save a million. You could even be conservative with your portfolio and have a 5% return over 30 years with a $100,000 pre-retirement income.
Getting something would be much better than getting nothing. I won't be able to draw until after 2040, and by then the costs are forcasted to exceed the entire budget of the federal government.
No, they aren't. Even under the pessimistic assumptions of the SS Trustees, SS will be able to pay every dime of scheduled benefits through 2037. CBO makes it about a decade after that. Either way, and even if we do absolutley nothing about it by then, SS would then be able to pay 73-75% of scheduled benefits all but indefinitely. Because of the way benefits are calculated, 75% of benefits then would actually be worth more than what 100% of benefits is worth today.
I never said anything about Medicaid. You are correct - totally different.
I am totally and 100% completely responsible for my own health care / health insurance.
Never said you did, my post was not in reference to anything you posted. Maybe it would help if you had read the post right in front of the one you quoted.
Now that you have decided to gain my attention however I will say this about what you posted. While you say that you are 100% responsible for your health care/insurance, which is commendable, but it is irrelevant to the point at hand. If you fail in this assumed responsibility then you automatically become a ward of the state and so it is reasonable to assume the state will take precautions in this regard. The state has granted itself the authority to require payments into both social insurance programs (health & income) in order to protect everyone.
Well it won't really matter for me. It'll be bankrupt by the time I could ever see anything I've paid into it.
Not if we remove the cap from the wage tax allowing the rich to contribute like the rest of us
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.
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.
