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Old 05-11-2010, 06:59 AM
 
Location: Londonderry, NH
41,479 posts, read 59,778,277 times
Reputation: 24863

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Whereever the IMF goes economic disaster follows. That organization is nothing but a high level financial vampire that sucks the blood out of developing economies in order to protect the world's existing producer countries.
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Old 05-11-2010, 07:02 AM
 
1,653 posts, read 1,170,465 times
Reputation: 442
Quote:
Originally Posted by wjtwet View Post
the problem with SS is it ha sbene a ponzi scheme from the start
No it hasn't, turn off Glenn Beck and do your own research on SS.
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Old 05-11-2010, 07:03 AM
 
Location: Londonderry, NH
41,479 posts, read 59,778,277 times
Reputation: 24863
Social Security can be stabilized by applying the tax to all income from all sources, including any corporation that considers itself an individual, and limiting any payments to people below the 75th percentile. This, along with a complete separation of SS money from the rest of the budget, would return social security to the income insurance system it was meant to be.
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Old 05-11-2010, 07:09 AM
 
1,653 posts, read 1,170,465 times
Reputation: 442
Quote:
Originally Posted by GregW View Post
Social Security can be stabilized by applying the tax to all income from all sources, including any corporation that considers itself an individual, and limiting any payments to people below the 75th percentile. This, along with a complete separation of SS money from the rest of the budget, would return social security to the income insurance system it was meant to be.
Exactly put payroll taxes on capital gains income and problem solved.
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Old 05-11-2010, 07:32 AM
 
Location: New Kensington (Parnassus) ,Pa
2,422 posts, read 2,278,737 times
Reputation: 603
Quote:
Originally Posted by jimw144 View Post
Instead of whining, if you know of people committing fraud then you should report them.
Do you really think they would take my word over their doctors, think about it. It would be futile.
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Old 05-11-2010, 07:35 AM
 
Location: Raleigh, NC
20,054 posts, read 18,281,090 times
Reputation: 3826
Gold rising almost 2%, Dow down almost 1%. Another previously rare decoupling day is upon us.
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Old 05-11-2010, 07:45 AM
 
47,525 posts, read 69,692,979 times
Reputation: 22474
Quote:
Originally Posted by jimw144 View Post
What came first all these problems or the free marketeers? As more and more of the worlds wealth is distributed into fewer and fewer hands we seem to have more and more problems. As the multi national corporations suck every dime the can out of every country you blame the workers.
You see a man and a women and 2 children with health insurance a roof over their head and a short vacation every year and claim their the problem.
They aren't the problem if they are working hard and paying for their children, their health insurance, their roof and their vacation. It's when they have all that but aren't working and the taxpayers are paying -- which is the whole point of government health care, food stamps, and the rest of the government programs.
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Old 05-11-2010, 07:47 AM
 
47,525 posts, read 69,692,979 times
Reputation: 22474
Quote:
Originally Posted by Finn_Jarber View Post
Move to another state if you dont' like your state's income tax. Why you feel you should not have to pay taxes at all?

US just had the largest tax cut in the nations history, and now Obama wants to cut more and make Bush's tax cuts permanent, so I don't know what you are talking about raising taxes. Those tax cuts will add 2.2 trillion to the debt over 10 years, so I hope you are happy.
Tax cut for who? I'm not in a high wage bracket and I'm paying more taxes this year than any year and what's funny is the states with state income taxes are doing worse than states without them.
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Old 05-11-2010, 07:56 AM
 
Location: Southcentral Kansas
44,882 posts, read 33,264,475 times
Reputation: 4269
Quote:
Originally Posted by GregW View Post
Social Security can be stabilized by applying the tax to all income from all sources, including any corporation that considers itself an individual, and limiting any payments to people below the 75th percentile. This, along with a complete separation of SS money from the rest of the budget, would return social security to the income insurance system it was meant to be.
I see a lot of merit in what you say Greg but I really don't think we can count on taxing the rich off their feet for everything because once they are off their feet they can no longer pay and then where will we be?
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Old 05-11-2010, 08:10 AM
 
Location: Fort Worth Texas
12,481 posts, read 10,221,813 times
Reputation: 2536
Quote:
Originally Posted by jimw144 View Post
No it hasn't, turn off Glenn Beck and do your own research on SS.
it is definitely a ponzi scheme


A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors from their own money or money paid by subsequent investors, ra

Ponzi scheme - Wikipedia, the free encyclopedia

SS takes money currently coming in to pay current checks.
So in other words my SS tax is going to pay for the current users, for that i get a promise that i will get SS when i qualify. My SS will be paid by the SS taxes at that time. It will not be the money I put in that pays me.
My money is going to current SS users.
Thats the problem as the baby boomer's retire, more people on SS less people paying into it.
ponzi Scheme pure and simple
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