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Who are the Greediest?
E-Mail | Unknown Farmer

Posted on 07/24/2011 5:56:43 PM PDT by UMCRevMom@aol.com

Edited on 07/24/2011 7:15:42 PM PDT by Admin Moderator. [history]

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To: UMCRevMom@aol.com

So is there a link to a story here that I missed?


21 posted on 07/24/2011 8:33:45 PM PDT by motor_racer (Pete, do you ever get tired, of the driving?)
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To: ngat
His take on the situation is realistic. SS is nothing more than a government run PONZI SCHEME. For the same reason they don't work for you or I they wont work for the government. As for those who think it is insurance the supreme court already ruled it is not insurance and you are not entitled to anything by law. IT IS A SCAM.
22 posted on 07/24/2011 8:48:47 PM PDT by Skalgar
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To: Skalgar

So quit paying your payroll taxes and see what happens.


23 posted on 07/24/2011 8:50:26 PM PDT by ngat
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To: Brilliant

The problem is that according to the LAW you werent PROMISED anything. The supreme court has ruled on that. You are forced to pay and the government is not REQUIRED to give you anything back.


24 posted on 07/24/2011 8:52:04 PM PDT by Skalgar
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To: Skalgar; freedumb2003

“His take on the situation is realistic.”

His and your take on the situation is simplistic.


25 posted on 07/24/2011 8:52:10 PM PDT by ngat
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To: ngat; Skalgar

(courtesy ping to Skalgar)
Well, gnat, all you have offered is ad hominem.

Are your math skills so rusty you can’t see a simple Ponzi scheme before your eyes?

Do you think this was anything other than a stupidity tax that should be shut down as soon as possible?

Are you actually saying SS was a good idea that should be continued? And that anyone (actually of any age) should actually depend on it in their retirement planning?

Really?

SS should be shut down ASAP — the contributors given back their money to invest as each sees fit. Cut it off next year — by that time we will be in the early wave of Boomers, who should have known better.

Or do you also suggest we reward more bad decisions?

Ever hear of the Economic principle of “sunk cost?
(for lay people that is “good money after bad”).


26 posted on 07/24/2011 9:00:33 PM PDT by freedumb2003 (Herman Cain 2012)
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To: ngat

>>So quit paying your payroll taxes and see what happens<<

You don’t control that, unless you are the employer.

That isn’t an argument — it is just a silly statement with no forensic value.


27 posted on 07/24/2011 9:02:17 PM PDT by freedumb2003 (Herman Cain 2012)
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To: ngat

>>No need to personalize the discussion, freedumber, because I don’t (depend on it). The fool you need to pity is you. <<

Apparently you do depend on it. You are the fool to pity (see below).

>>Let’s get back to YOUR worry, the worry you expressed about your 401k. That is what you should worry about, because it is a government creature as much as SS, and it will crash with the markets. After all, any bond, note, security, whatever is nothing but a promise to pay and when markets collapse, so will your prized 401k, and it isn’t backed up by the power to tax. <<

I gather you don’t have a 401(k) and are hoping that SS will support you in your dotage. And do you think my 401(k) is my only retirement investment? It is a hedge at best. Its value may fluctuate, but in the long haul I am OK with my portfolio. Taxing it will just piss me off, it won’t break me. And if SS disappears tomorrow, it won’t mean anything to the markets because it doesn’t have any capital base nor investment (such as CalPers) to affect the markets. It might freak the bond markets out for a few months, then all will settle back into equilibrium.

>>You are just too stupid to realize that you may be grateful for the SS retirement benefits you paid into for a whole 30 years, and which you will probably be paying into for another 20 years, at which time you will collect them, and then be glad you did pay into the system.<<

Reading is FUNdamental SS is ZERO in my retirement planning. If it is there, I will use it for leisure and what have you. Hats, vacations, maybe a nicer car, that is what SS will do for me.

You sound like quite the little New Deal supporter. Are you on the right board?


28 posted on 07/24/2011 9:09:47 PM PDT by freedumb2003 (Herman Cain 2012)
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To: Brilliant

It is not greed to expect to receive what you were promised. But I think you are overstating the case when you imply that contributions to SS and medicare fully paid for the benefits. They did not especially in the case of medicare. Congress never had the courage to raise the contributions or cut SS benefits to reflect the real cost of the benefit as age expectancy increased in the US. That is why we are now in this bind. Medicare costs this nation 900 billion a year and we collect about 10 per cent of that in FICA medicare contributions.Both programs need to be reformed, particularly medicare. Those currently receiving these benefits or close to receiving them should retain them. But for those younger than 55, we need a complete overhaul of medicare.


29 posted on 07/24/2011 9:10:25 PM PDT by chuckee
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To: freedumb2003

“by that time we will be in the early wave of Boomers, who should have known better.”

Explain HR.


30 posted on 07/24/2011 9:10:37 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: chuckee

>>It is not greed to expect to receive what you were promised.<<

I do want to point out — it isn’t greed, just extremely extremely naive (to the point of stupid — sorry, but that is just the truth). And that is no way to do long term planning.


31 posted on 07/24/2011 9:17:52 PM PDT by freedumb2003 (Herman Cain 2012)
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To: eyedigress

>>Explain HR.<<

Sorry — maybe I had a brain fart but I don’t know to what you refer. Human Resources? House Response? Happy Rabbit?


32 posted on 07/24/2011 9:19:21 PM PDT by freedumb2003 (Herman Cain 2012)
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To: freedumb2003

Just explain it then.


33 posted on 07/24/2011 9:20:29 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: eyedigress

>>Just explain it then.<<

Explain what?


34 posted on 07/24/2011 9:22:41 PM PDT by freedumb2003 (Herman Cain 2012)
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To: freedumb2003

well??


35 posted on 07/24/2011 9:22:48 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: freedumb2003

The ADD is real apparently.

“by that time we will be in the early wave of Boomers, who should have known better.”


36 posted on 07/24/2011 9:24:14 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: eyedigress

>>well??<<

Well what?

If you are trying to set me up with something, at least provide some context so I and everyone else can see the set up.


37 posted on 07/24/2011 9:24:52 PM PDT by freedumb2003 (Herman Cain 2012)
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To: eyedigress

>>The ADD is real apparently.

“by that time we will be in the early wave of Boomers, who should have known better.”<<

Is English your first language?


38 posted on 07/24/2011 9:25:46 PM PDT by freedumb2003 (Herman Cain 2012)
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To: freedumb2003

That is your post.


39 posted on 07/24/2011 9:26:36 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: eyedigress

>>That is your post.<<

Put down the bong and step away.

Ask a complete question, sans acronyms and I will answer it. Please use full grammar: beyond simple NVN — please use adjectives, linking verbs, and adverbs to create cohesive and full sentences and thoughts.

Or quit pestering me.


40 posted on 07/24/2011 9:31:48 PM PDT by freedumb2003 (Herman Cain 2012)
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