Posted on 09/19/2014 6:25:51 AM PDT by logi_cal869
What percent of Freepers do you think are on S/S? I’m not yet but my husband is. My guess is that it’s 50%.
So what? I’m 62, went on SS because I want my money back. I don’t want my money going to illegal immigrants, drug addicts, drunks and so called disabled (if they are not). Look at the original SS ACT. It was intended for the person who PAID into it. NOT the children, wives of the workers nor for drug addicts, made-up diseases and it was SUPPOSED to draw interest in each “Insurance policy” which never happened. 50%? Probably more. Guess what? I still work and pay into SS, not because I HAVE to, but I figure if my get the bear’s share of my “investment” what I’m putting in now can go to the dreck.
I'm 61.75 and in a quandry as to whether start taking it at 62 or wait until later. I need to lower my real estate taxes some how though in order to have enough left to live on. I may have to move to a cheaper property tax location.
Are that many freepers that old?
I just can’t bring myself to speculate an answer to that. The motivation for posting was correcting the historical revision, as rewriting history is, imho, criminal.
The idea that aging conservatives are held at metaphorical gunpoint with SS infuriates me and drives me to NEVER draw payola from those that would manipulate me.
I won’t comment on others that rationalize their decision to do so...I have to go to work to support those that are drawing SS and don’t need it and those drawing other ‘benefits’ so they can support the economy with their spending. With the third of my resulting income I have to survive and figure out how to budget my time during the week to manage my personal life.
Ain’t ‘work’ grand? /s
‘Jobs’ is a topic of much deeper discussion.
Interesting table posted at the link here
http://freerepublic.com/focus/f-news/3205466/posts
Many new ‘jobs’ are going to foreign workers while the government stifles innovation & job creation under the guise of ‘taxing the rich’. I thought Keynesian economics was thoroughly discredited, yet it continues under progressives, our current government and the Puppet...
“I went looking for the 1933 news on the reality of Social Security before it was passed”
Why on earth would you go to an FDR “fireside chat” for that purpose? As if he was going go tell any more truth than “liberals” and their “memes” (I hate even to write that despicable word). I suppose he could let some things slip, there could be windows into secret purposes, or you could find advocated what no claiming political descent from him would admit. But what you won’t find, ever, is plain reality.
Case in point, they had the gall to call it “insurance,” which to this day people persist in thinking it is, when it is absolutely and obviously not. That was a lie. What SS really is, deep down, is mostly a means of buying votes. Less so, it is about, as usual, expanding power, crowding out private prerogatives, addicting people to the government tit, making people feel as though there’s some connection between what they take from you and what they eventually give back (if anything), etc.
You can’t get your money back. Your money is gone. What you get is other people’s money.
The "analysis" of this issue the government will give you is so simplistic as to be useless, and unfortunately the government line is repeated by many large financial advisors.
Calculation of a "break-even" age must consider the return on investment you receive on your other retirement savings. I did this calculation as I approached 62, several years ago. From memory, If I have savings which I can draw from and my options are SS at 62 vs. drawing the same amount from savings each year until I am 66, the break-even age is late 80s if the return on my savings is 7%, and I will never break even if I can get 8% on my own money.
Since stock market returns average 10-11% in simple index funds, the only reason to delay taking SS even a minute beyond age 62 is if one has very little savings and intends to work until 66.
I took SS at age 62, and have been very pleased with the result. I kept my money in my investments, which I control. If you have a financial advisor, and he suggests anything else, fire him and get someone who understands the time value of money. Similarly, if your financial advisor has your savings allocated to a lot of fixed income investments, your later years will be lean and sparse. Ask him if he understands the concept of "phantom bonds". Essentially the idea that SS and a pension represents streams of income which should be treated as the return on a fixed income investment. This tilts your asset allocation to more equities. If he does not understand this find someone who does.
A Communitarian Ethos
The Groton influence of Endicott Peabody showed in a speech Roosevelt gave at the People's Forum in Troy, NY in 1912. There he declared that western Europeans and Americans had achieved victory in the struggle for "the liberty of the individual," and that the new agenda should be a "struggle for the liberty of the community." The wrong ethos for a new age was, "every man does as he sees fit, even with a due regard to law and order." The new order should be, "march on with civilization in a way satisfactory to the well-being of the great majority of us."
In that speech Roosevelt outlined the philosophical base of what would eventually become the New Deal. He also forecast the rhetorical mode by which "community" could loom over individual liberty. "If we call the method regulation, people hold up their hands in horror and say ‘un-American,' or ‘dangerous,'" Roosevelt pointed out. "But if we call the same identical process co-operation, these same old fogeys will cry out ‘well done'.... cooperation is as good a word for the new theory as any other."
More here.
When I put my money in the bank, they don't write my name on the specific bills I give them, put them in a vault and give me back the exact same bill I put in years ago.
When I pay taxes into SS (a bad deal for most workers by the way) what they give me is a claim against future SS taxes.
While the truth is that they squandered the SS Trust Fund long ago, I still have a valid claim against SS and their current income. Only the government can legally operate a ponzi scheme like this, but they can and do. I also realize that they can change my claim at the whim of Congress, but there are political consequences which resist this.
So, it is as much "my" money as a bank deposit. (As we have seen in Cyprus and other select countries, bank deposits can easily be taken by government.)
“Look at the original SS ACT. It was intended for the person who PAID into it.”
Nonsense. The first recipients didn’t pay into it; how could they? I’ll admit for subsequent generations there was some connection between being taxed and eventually getting paid, theoretically. But they certainly didn’t pay into anything in a strict sense, since there was nothing into which to pay. That only lasted for a few generations at most, by which time even theoretically there stopped being a connection, since everyone agrees, basically, that the fictitious “system” is broke.
What actually happened was the feds tricked people like you into paying them to blow on whatever it is that caught their fancy by pretending as if you paid into some kind of insurance policy/retirement plan, which never existed. They want welfare to seem not like welfare by creating the illusion that you merely get hack what you pay in.
If that were the case why the hell would I have to pay in? I could keep the money, then they wouldn’t have to pay it back. You’re too stupid to run your own life, according to them. But they don’t say that. Instead they get you on board with socialism by the elaborate pretense that you’re getting back your own money. In reality, your money went to someone else and someone else’s money is going to you. This is okay by most of the general public because they’ve been raised to believe in socialism without knowing it.
I hate to say it, but wait for a while until you can get a job for part-time or only pays for 1600 or less. I don’t know what your health condition is but hang in. Get what you paid in.
The first recipients didn’t pay into it; how could they? ... KMA she DID PAY into it. For what she got she rolled the dice and won.
You are the Muzzie lover, right?
This means the projects should be as UN-mechanized as possible. People leaning on shovels instead of using earth-moving machinery. The idea that using manual labor instead of machinery creates jobs goes all the way back to the Roman Empire if not earlier.
as someone has pointed out, using seven workers to do a job that one worker with a machine could do doesn't create seven jobs, it splits a paycheck seven ways.
I am in pretty good health. I still have a full time job working that pays fairly well but the owner manages like Simon Legree would in this day and age. Needless to say it is a dismal place to work.
Sorry, you neither ‘paid in’ nor are you getting ‘your $’
If it WERE your $$, you could get it back whenever YOU wanted, like your banking analogy.
There is NO way to win this war/debate when ‘we’ cannot even get the terms correct. SS is a taxing Ponzi welfare scheme, nothing more, nothing less.
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