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Ming is offline Ming
Chief Minion

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Mingapulco - CST
Jan 1970
time: 23:16
  Old Post 21-12-2004 18:33 Visit Ming<br><img src=/forums/images/staff-icon.gif>'s homepage!
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quote:
Originally posted by Geronimo
this is a fine reason to stop whining but it is not a reason to continue regressive payroll taxes.


One might argue that you owe it to all the people who have spent their lives paying into this worthless system.

To stop it now would be a total screw job to all of us who have been supporting previous generations with our contributions. Are you basically saying that all the people who are paying into the system now should be shafted?

Geronimo is offline Geronimo
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st cloud USA
Jan 1970
time: 05:16
  Old Post 21-12-2004 19:51
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quote:
Originally posted by Ming


One might argue that you owe it to all the people who have spent their lives paying into this worthless system.

To stop it now would be a total screw job to all of us who have been supporting previous generations with our contributions. Are you basically saying that all the people who are paying into the system now should be shafted?


I prefer a shafting wherein peeps get a percentage of their ss payments equivalent to the percentage of their working career that they were paying the payroll taxes.

Ming is offline Ming
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  Old Post 21-12-2004 20:04 Visit Ming<br><img src=/forums/images/staff-icon.gif>'s homepage!
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While I have no intention of counting on SS for my retirement (even if it still exists, it won't pay enough to actually survive on), I would like to see some return on my investment for all the money stolen from me over the years... I've been kicking in a large amount over the last 27 years

Arrian is offline Arrian
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Jul 2001
time: 00:16
  Old Post 21-12-2004 20:04
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quote:
Social security should be a need based welfare program rather than an entitlement. That would ensure its solvency immediately at no cost to the government.


Yeah, that seems like the best solution (not that it's particularly great, but it beats the others I've see).

Although I'd also like to change the way the tax works (remove the cap).

-Arrian

Geronimo is offline Geronimo
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time: 05:16
  Old Post 21-12-2004 20:32
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quote:
Originally posted by Ming
While I have no intention of counting on SS for my retirement (even if it still exists, it won't pay enough to actually survive on), I would like to see some return on my investment for all the money stolen from me over the years... I've been kicking in a large amount over the last 27 years


Just so long as you would feel the same way if you were say a teenager right now

GePap is offline GePap
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  Old Post 21-12-2004 20:50
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quote:
Originally posted by Sikander
Social security should be a need based welfare program rather than an entitlement. That would ensure its solvency immediately at no cost to the government.


I agree with Sikander...that is not good

Politically thought, entitlements never get touched, while welfare programs get cut all the time.

Ming is offline Ming
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  Old Post 21-12-2004 21:00 Visit Ming<br><img src=/forums/images/staff-icon.gif>'s homepage!
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quote:
Originally posted by Geronimo
Just so long as you would feel the same way if you were say a teenager right now


No... I wouldn't feel the same way. If I was a teenager right now, I wouldn't have already "invested" in the system. As it stands right now, the government has stolen somewhere around $400,000 from me over the last 27 years... If I had taken that same amount of money and invested it, it would be worth tons more when I retire. I better get some of it back... I consider that I made a contract with the government, and they better damn well live up to their end of it.

GePap is offline GePap
King
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  Old Post 21-12-2004 21:43
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Lose 30 kilos (of popups)

No one stopped ou from buying Microsoft stock in 1980- that was your fault.

GePap is offline GePap
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  Old Post 21-12-2004 21:57
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which is to say that taxation has nothing to do with the fact you are not richer, since you certainly had much more than 400,000 in those 27 years to invest on your own.


No one is poor because of taxes, plenty of people are not hungry thanks to taxes.

chegitz guevara is offline chegitz guevara
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Ft. Lauderdale, FL Communist Party of Apolyton
Jun 2000
time: 00:16
  Old Post 21-12-2004 22:19 Visit chegitz guevara's homepage!
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According to someone on the Diane Rheem Show last week, SS could continue going the way it is now until 205x without requiring major changes. Sure, in the next decade or so, they'll have to start drawing from the general fund, but that doesn't mean that SS will be insolvent.

BTW, SS payments rise to match the growth in wages, not inflation. Since wages don't keep pace with inflation, we're lowering payments on the sly.

Medicare is the real nightmare, not SS.

The system could be restored to a surplus in the future by making it needs based, not payment based. We could also remove the wage cap, or, much better, abolish the payroll taxes altogether and increase income taxes proportionately.

SS works. We are we trying to dismantle it?

Medicare is broken now. Why aren't we trying to fix it.?

GePap is offline GePap
King
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time: 23:16
  Old Post 21-12-2004 22:30
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Its because SS works that conservatives have fought so hard to kill it and frame it incorrectly (as a ponzi scheme) or as in fiscal collapse. They can't stand to see a successful social program run by the state.

Now, unlike with SS, its not like Repugs could propose privatizing medicare. People do not have warm notions of fully private health care, as opposed to their dreams of stock market wealth...

JohnT is offline JohnT

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Mar 1999
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  Old Post 21-12-2004 22:50
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quote:
Originally posted by GePap
No one stopped ou from buying Microsoft stock in 1980- that was your fault.


Naw, it was the fault of those greedy bastards at MS who didn't have their IPO until 1986.

GePap is offline GePap
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  Old Post 21-12-2004 22:59
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ha, so then Ming had an ever bigger chance to get in at the "bottom".

JohnT is offline JohnT

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  Old Post 21-12-2004 23:07
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quote:
Originally posted by GePap
ha, so then Ming had an ever bigger chance to get in at the "bottom".


Perhaps he's just not hanging around the right sort of people... if you catch my drift.

GePap is offline GePap
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  Old Post 21-12-2004 23:09
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Asher was only 1 or 2 back then.

JohnT is offline JohnT

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  Old Post 21-12-2004 23:10
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Oh, I'm not touching that one.

GePap is offline GePap
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  Old Post 21-12-2004 23:17
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You pervert

Odin is offline Odin
Prince
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Sep 2000
time: 23:16
  Old Post 21-12-2004 23:41
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quote:
Originally posted by David Floyd


Sounds like her, and maybe your, problem.


And you guy wonder why I think Libertarianism is evil?

Jaguar is offline Jaguar
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Apr 2000
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  Old Post 22-12-2004 01:36
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Evil

GePap is offline GePap
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  Old Post 22-12-2004 01:38
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quote:
Originally posted by Jaguar
Evil


Explains quite a lot actually.

Lawrence of Arabia is offline Lawrence of Arabia
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Apr 2001
time: 06:16
  Old Post 22-12-2004 01:55
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how much would it cost the govt to refund everyone who has paid into the scheme?

Rufus T. Firefly is offline Rufus T. Firefly
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is one way of saying it, though I prefer "mensch"
Sep 2000
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  Old Post 22-12-2004 04:26
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quote:
Originally posted by Ming
While I have no intention of counting on SS for my retirement (even if it still exists, it won't pay enough to actually survive on), I would like to see some return on my investment for all the money stolen from me over the years... I've been kicking in a large amount over the last 27 years


You have seen a return on investment. You've been able to live in a society in which the elderly live longer, healthier, more fundamentally decent lives. That's not money in your pocket, but it is your contribution to making your nation and your world a more civilized place -- and that contribution has paid off nicely.

GePap is offline GePap
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  Old Post 22-12-2004 04:37
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quote:
Originally posted by Lawrence of Arabia
how much would it cost the govt to refund everyone who has paid into the scheme?


Well, there are several TRILLION in the SURPLUS fund for SS, thought of course the government has been dipping into it to fund other soending for a decade perhaps.

But, it would take at least 5 TRILLION to "pay people back"

The notion that you should get what you put in is silly. I get less for my federal taxes than someone in Mississippi. So what? Its all one government, one system. So, SS tax is just like the Gasoline tax, a specific tax for a specific purpose. Thus in no way is it a "ponzi scheme" as some here (pchang AHEM) claim. The issue is one of to whom we give benefits under the program. Institute caps on income, up the retirement age, and you get solvency for much longer than the 50 years we have right now.

Agathon is offline Agathon
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Dec 2002
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  Old Post 22-12-2004 05:43
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Anyone else for a law whereby Libertarians are thrown into jail for no other reason than to see the looks on their faces?

Berzerker is offline Berzerker
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topeka, kansas,USA
May 1999
time: 23:16
  Old Post 22-12-2004 06:11
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quote:
So you admit that libertarianism is completely heartless?


If you'll admit liberalism is completely brainless. If we can agree on these, I'd sooner listen to the "heartless" halfwit than the brainless liberal...

Btw, freedom is not heartless and I don't think history is replete with free and heartless societies, it tends to be the authoritarian regimes that produce this heartlessness, i.e., the absence of freedom. Of course this doesn't phase liberals since the autocrats they seek to run our lives are liberals and once we are ruled over by "benevolent dictators", all will be right with the world.

quote:
But Mike, the market will miraculously make everyone well off and healthy, just like Victorian Britain did.


Victorian Britain was the result of a caste system, not a free market.

quote:
No one is poor because of taxes, plenty of people are not hungry thanks to taxes.


People have lost their property holdings because of taxes on supposedly private property. It wasn't uncommon for the poor to be driven off their property after politicians hit them with property taxes they couldn't afford, so unless you think being evicted made these people richer, you don't know how silly that sounds. More people have starved as a result of government policies than the lack thereof...

quote:
You have seen a return on investment. You've been able to live in a society in which the elderly live longer, healthier, more fundamentally decent lives. That's not money in your pocket, but it is your contribution to making your nation and your world a more civilized place -- and that contribution has paid off nicely.


Welfare systems tend to break families apart. SS made it much easier for children to leave the folks somewhere else and welfare programs replace fathers with bureaucrats. When social conservatives point out that out-of-wedlock births are escalating because of welfare, the few liberals who try to respond claim out-of-wedlock births are increasing throughout the 1st world. Well duh, they have welfare states too.

Berzerker is offline Berzerker
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topeka, kansas,USA
May 1999
time: 23:16
  Old Post 22-12-2004 06:21
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quote:
Anyone else for a law whereby Libertarians are thrown into jail for no other reason than to see the looks on their faces?


If you want to see what anger looks like, I'm sure finding a mirror would be much easier. But when did y'all start calling your "re-education centers" jails?

Ming is offline Ming
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time: 23:16
  Old Post 22-12-2004 06:33 Visit Ming<br><img src=/forums/images/staff-icon.gif>'s homepage!
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quote:
Originally posted by Rufus T. Firefly
You have seen a return on investment. You've been able to live in a society in which the elderly live longer, healthier, more fundamentally decent lives.




And you think that SS is the cause of this...



And no GePap... I NEVER expected to get back what I put in... but I do want to see SOMETHING out of it

Dis is offline Dis
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  Old Post 22-12-2004 06:46 Visit Dis's homepage!
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I'm with Ming. I don't want to see Social security go away.

I may score libertarian on those internet quizzes, but I'm not really a libertarian.

I realize we live in a society. Even though I am responsible enough to invest my money far, far better than the goverment can do, most people cannot. They'd just blow their money.

It benefits society that the goverment furnishes irresponsible people with enough money to live when they are older.

The goverment will probably have to raise the retirement age to 68 or 70 though.

DinoDoc is offline DinoDoc
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Sep 1999
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Question  Old Post 22-12-2004 06:49
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quote:
Originally posted by Ming
but I do want to see SOMETHING out of it
Do pyramid schemes ever end well for the suckers that contribute to it?

Dis is offline Dis
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quote:
Originally posted by DinoDoc
Do pyramid schemes ever end well for the suckers that contribute to it?


I fail to see how it is a pyramid shape. enlighten me.

If anything, it's a reverse pyramid (more retired people than working population).

 
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