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Social Security benefits will end being "means tested." Meaning that if you don't need it in the opinion of the Government, you won't get it. Count on it. I guaranty it. By 2025.
Oh, and BTW, there isn't any money for Wall Street to get. It all IOU's of the government.
There is all the money coming in every month from all the payroll taxes. That's the money I was referring to. How do you figure you can guarantee any particular change? I think we can guarantee some tweaks, be it raising or eliminating the earnings cap, increasing the "full retirement" age, increasing the number of quarters required to qualify for benefits, slightly increasing the payroll tax, etc. The particular change you are predicting (or guaranteeing as you say), namely the means-testing of the benefits themselves, is a snake in the grass, as it would be advocated by those who want to destroy Social Security. Consider a moment the ramifications: That change would open Social Security to the charge that it is just welfare, and that would be a prelude to its destruction. By the way, that charge is already made, but falsely.
There is all the money coming in every month from all the payroll taxes. That's the money I was referring to. How do you figure you can guarantee any particular change? I think we can guarantee some tweaks, be it raising or eliminating the earnings cap, increasing the "full retirement" age, increasing the number of quarters required to qualify for benefits, slightly increasing the payroll tax, etc. The particular change you are predicting (or guaranteeing as you say), namely the means-testing of the benefits themselves, is a snake in the grass, as it would be advocated by those who want to destroy Social Security. Consider a moment the ramifications: That change would open Social Security to the charge that it is just welfare, and that would be a prelude to its destruction. By the way, that charge is already made, but falsely.
The government has taken all that money we send it, paid some of it (now all of it) to beneficiaries and pissed the rest down a rathole and gave an IOU for it.
Recent news reports say that SS is now in the red, meaning that they send out more money in benefits than they take in. They have to pay some IOU's back. So there is no money for Wall Street.
As for "means testing" the only thing in the way of this is the revolution. Washington insiders from both parties will do it as soon as there is a predicate for it. It will appear in the study on the deficit as a recommendation or an option, but that won't be enough to get it done yet.
A perfect scenerio is someone saving up their money, having a retirement check, and moving to an area to try to be self sufficent.
However, more and more young people are looking at that scenario and want to do it soon.
Many state they will be paying no taxes cuz they don't plan on working for wages but just sell enough off the " homestead" to keep going.
Who will be suppoering them when they start aging and can no longer devote long hours to tending to their homestead?
If they started " homesteading " ( dropped out of society) at a younger age, they probably already usesd all their meager savings to buy a couple acres and build a small cabin.
Since they don't plan to file taxes or pay into SS, where will there be any income when they can no longer tend to a "homestead" that had been providing for all their needs?
Should the govt ( we the people) be responsible for you completely at age 65,70, or 75 ?
No one knows at what age they will no longer be able to maintain a " homestead" where they have been providing for their needs via self-sufficency.
Quite the irony if the ones blasting the govt the most end up being solely dependant on the govt the last 10,20,or 30 years of their life
What I am wondering, to young people, where is plan B ?
Your plan for as you age.
Why not worry about all the deadbeats the gov pays for instead of those who have paid the gov all their working lives ? They took money from us sometimes several hundred $'s a mon. .Where they give money to others just to lay up and have kids every year . They have robbed SS to support those who won't work or be reponsible for their offspring .
Far as young people go they will have to pay taxes so others kids can be brainwashed and perverted in the public school systems. no matter where they live so maybe they will sell some of their produce, animals or something .
What I am wondering, to young people, where is plan B ?
Your plan for as you age.
Bullet to the heart, if necessary. Or any other suitable method that accomplishes that end.
When I was younger, I recall a teacher relaying the story about how in certain American-Indian tribes, the elders would go off into the woods to die so they did not burden everyone else in their dying days. While I never did research that further, it's never really been necessary in my mind, because I agree with the premise.
There's nothing noble or civilized, in my opinion, about dying in a nursing home bed, pissing and pooping yourself, scarcely able to remember people you knew your whole life, much less able to remember thoughts you had just thirty seconds ago due to senility or dementia.
It's better to burn out, than fade away. My my, hey hey.
Last edited by FreedomThroughAnarchism; 02-21-2011 at 09:38 PM..
I am 59 and don't see my SS doing a thing for me. By the time I get there it will be long gone.
I will have to work for what ever I want money for, till the day I die. That's pretty easy to see.
With my back as it is, not good, since 87 not one company was willing to hire me for any livable wadge, so I lost the worship of money, and make many things I wouldn't have for lack of money.
I still get to pay in 1099 and other SS fees and taxes I will never get a thing back on.
IMO the govt is here to take, and it does that very well.
I am 59 and don't see my SS doing a thing for me. By the time I get there it will be long gone.
I will have to work for what ever I want money for, till the day I die. That's pretty easy to see.
With my back as it is, not good, since 87 not one company was willing to hire me for any livable wadge, so I lost the worship of money, and make many things I wouldn't have for lack of money.
I still get to pay in 1099 and other SS fees and taxes I will never get a thing back on.
IMO the govt is here to take, and it does that very well.
Not totally true since you do get mail, roads plowed, fire protection, FDA, I assume you went to public school as did your son plus we all benefit from an educated society. The goverment does help us in some ways which is easy to forget when we see so much of our tiny paychecks going to the goverment.
SS doesn't pay for road plowing, mail and schools.
I don't expect to ever collect a dime of what we paid in when we retire. I think SS will be done away with by then and the .gov will take over our 401k and IRA money too. They're already talking about it - you know, because we're too stupid to handle our own money, we need the .gov to put it into government annuities for us because they're so GOOD at handling our money.
There's several trillion $ in private retirement funds just sitting out there and I don't think they can keep their grubby hands off of it, as broke as they are now. Even if they don't outright confiscate and "borrow" it away, they're already devaluing it away. By the time this depression is over, the US dollar will either not exist or be practically worthless and so will our retirement funds (well, not mine. I didn't leave it sitting there for the banksters to pilfer in 2008). Homesteaders and everyone else will probably have to fend for themselves, like the old days, or live like paupers on some puny government annuity.
I don't like what comes in the mail I could do with out that easy.
I get to plow here plenty, have anyplace I lived since I was old enough to drive. Wouldn't care if the state quit.
Never had call to ask the Fire Dept for nuthin', but I did tear the phone off the wall in 1981 during a chimney fire. My x wife informed me the wood fired furnace sounded like a friight train I ran down in the cellar and closed down the furnace and tore down fiber glass insulation from over head to stop more air fllow, when I heard her pick up the phone.
Ran faster upstairs and tore the whole unit off the wall. I don't like the way the Fire Dept 'fixes' a chimney fire very well. I'ld rather the house burn down.
FDA? get out, I could care a less about the FDA. I don't like auto coolant in my foods or lead paint, assorted plastics either.
Yeah lets see public school. 1st grade a female teacher with polio on her left side, had me sit at the head of the class in the trash can, where she beat my left hand with a yard stick edgewise. I dropped out at X-Mass vacation, went in the woods till March when the school called wondering where I was. Went to a another school a while after that.
Left home at 14, so I did attend schools, but it felt like prison. I guess I got more than my parents monies worth in taxes back then.
My son got better, because I went to the school to make sure he didn't get the same treatments I got. I forced the school to stop using ditto sheets crap too, and made the teachers he had put down the nail polish.
I understand there is a place for cops, but that place is no where near me. I have helped out more cops than the other way around.
Usually that's pulling them out of a snow bank, once it was leading them on their request, to get a suicidal man out of his home. I was there to get shot first. Too bad the info was wrong and there was no one home eh?
Nor was the guy sucidal...
I figure taxes line the pockets of a lot of people, long before they do me any good. By the look of it, there isn't enough worshippers of money as they need these days. Maybe because a dollar has no value of it's own.
However a paper dollar will always be worth something, as toliet paper
SS doesn't pay for road plowing, mail and schools.
I don't expect to ever collect a dime of what we paid in when we retire. I think SS will be done away with by then and the .gov will take over our 401k and IRA money too. They're already talking about it - you know, because we're too stupid to handle our own money, we need the .gov to put it into government annuities for us because they're so GOOD at handling our money.
There's several trillion $ in private retirement funds just sitting out there and I don't think they can keep their grubby hands off of it, as broke as they are now. Even if they don't outright confiscate and "borrow" it away, they're already devaluing it away. By the time this depression is over, the US dollar will either not exist or be practically worthless and so will our retirement funds (well, not mine. I didn't leave it sitting there for the banksters to pilfer in 2008). Homesteaders and everyone else will probably have to fend for themselves, like the old days, or live like paupers on some puny government annuity.
Your taxes do sweets
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I could do with out that easy.
I ran down in the cellar and closed down the furnace and tore down fiber glass insulation from over head to stop more air fllow, when I heard her pick up the phone.
