Posted on 03/26/2024 6:43:23 PM PDT by RomanSoldier19
2040 hopeful retirement for me. At least I’ll have 2.1 workers paying for me… hopefully; right?
1950 to 1960 - wudespread acceptance of aritificial contraception.
1960 to 2000 - Roe v. Wade
The 15.3-percent tax may not be increased. The tax and the retirement age may be decreased by Congress.
Here's a thought for the American Stinker. It would require a constitutional amendment to prevent a subsequent increase by Congress.
The problem with all “solutions” is that future Congresses can and will change them any time they want.
Crunching numbers won’t fix that.
[Article] "Had a low-income worker with a lifetime-average taxable income of only $8.10 per hour paid the tax into his own equity fund that tracked with the Dow, and left it unattended, he would have retired with $1,000,258. ... Low-income workers would retire as millionaires."
1969 Mustang Hardtop, Base MSRP $2,740; adjusted for inflation $23,026.
Inflation has turned a 1969 dollar into less than 12 cents.
$1,000,000 from 1969 would be worth 118,996. in 2024.
A million dollars today does not mean what it did 55 years ago, and a million today, if kept under the mattress, could mean $119K 55 years from now.
It’s always the guys who never worked manual labor all their life, pushing for a higher retirement age.
Well, fat boy, you wouldn’t be able to do my job at 62. People that sit around on their ass in an office all day, is easy for them to want us to work our life away.
There’s no reason why
an AMERICAN CITIZEN can’t
retire at the accepted
age.
Threats of insolvency
of SS really get my
blood to boiling when
excessive government
spending gives a better
quality of life to an
illegal than it does
its’ veterans or those
that have dutifully put
their time in.
They give Billions away to countries that hate us and for endless wars . On top of that they give Billions for sh!t that doesn’t benefit America at all, While people here struggle to make ends meet and every day life is hard. My God I despise these people This Government need a reset!
I see it as their penance for voting for dems. Row morons, row!
lack rock, vanguard using your money against you
Not in jeopardy unless you count the unfunded liabilities which I have read range anywhere from $23 trillion to $90 trillion. But politicians being the cowards they are will "manage" the problem through a combiniation of means testing and accross the boards benefit cuts.
I am sorry that you are a physical mess. But the fact that you made a bad career choice and the fact that you didn’t manage your finances well and the fact that you didn’t save anything during your stellar employment years doesn’t change the fact that SS is not sustainable and that SS was never intended and never will be a “retirement plan” capable of supporting your golden years with a carefree lifestyle full of travel and adventure, that is the issue that I’m trying to address.
SSI and SSDI are what’s killing SS more quickly. SSDI is just the easy way for some, who haven’t reached retirement age to check out and live off SS type income. SSI is for incapapble people who have never qualified or worked enough on SS to get SSDI. And while SSI isn’t really coming from SS funds per se, they DO administer the program and incur costs from it.
Go look at most SS offices today. They are crammed with SSIs, SSDIs and Old foreigners with their US Citizen children trying to get them on SS with the very minimum of working quarters or by reciprocal country agreements.
Billionaires dictating the retirement age for other people.
>> Row morons, row!
LOL!
What would we expect to happen? Pretty much what we are seeing.
Some believe we are productive enough. They think our problems would go away if we simply taxed the wealthy more. They fail to realize that distributing the wealth of a Bezos or a Trump would simply create a greater burden on our economy to create the goods and services that Bezos or Trump do not require.
You can’t tax your way to prosperity.
What I see as crazy is the BlackRock pushing DEI on to corporations.
I think he’s been watching Ben Hur.
>> I think he’s been watching Ben Hur.
“Gen-Z Slaves! Good news and bad news!
“First the good news: extra rations and a cup of grog for each o’ya!
“Now the bad news: after lunch noiseman and nervous tick want to go water skiing!”
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