Social security, a landmark liberal achievement

Cypress said:
Retarded.

You won't find one prominent liberal politician in the history of the United States who demanded everybody make exactly the same amount of money.
Click to expand...

Yakuda's thinking is entirely binary. No dimmer switch, which is ironic, given just how dim the guy is.
 
PoliTalker said:
They are told they might get a better benefit through the market. What they are not told is that entails greater risk. There simply is not greater ROI without greater risk. The financial gurus know this but are quiet about it when championing a market-based system to replace SS.

The beauty of SS is that it is a secure system.

The only thing it needs is more young workers. And guess what? They are clamoring to get into the USA and fulfill that role. Republicans are very fearful of this because they might all vote Democrat. So they are dehumanized and blamed for the things the rich and powerful have done to workers. And Fox viewers bought it hook line and sinker.

It's so easy to sell hatred to the rumor-driven misinformed.
Click to expand...

What an excellent and righteous observation.
 
Cypress said:
Starting at age 62, every year you defer your retirement, the SS benefit goes up by 12 percent annually.

That's better than the rate of return on any investment, and it is provided as a lifetime benefit.
Click to expand...

this is hilarious.

next, show us how well Enron was doing before that all came crashing down
 
Cypress said:
SS is calculated based on your work history, that's fair.

You might be the first person in history to demand everyone get exactly the same SS benefit.
Click to expand...

Yakkety-Yuck seems confused as to how SS works. He doesn't seem to understand that benefits are capped once you reach a certain income level. So if the grandma made an average of, say, $150K a year in her working life, she would get the same monthly benefit that Mr. Soros would get. Now if he was a self-employed worker rather than an employee, he also would have paid into the system twice what Grandmother did as an employee. But each would still get the same monthly amount.

This stuff is hard for Reichtards. lol
 
ThatOwlWoman said:
Why? Because the puppet masters behind the GOP know that an aging voter base is a road to party destruction, so they are trying to appeal to younger voters.
Click to expand...

Good point. I fear, though, that this is the only thing they are offering the younger voter. But you are correct. It is something.

Younger voters are the ones still working, who are having that 7.65% deducted from each and every paycheck to support the current retirees. There is a lot of resentment among them because they're also being told that when THEY get our age, SS will be bankrupt.
Click to expand...

You're right that we all heard this throughout our working lives. I hope that it isn't going to finally happen, but if anyone can be royally screwed by the Boomers (that's me) it will be the ensuing generation. We already oversaw the explosion of university costs leaving them unable to get a job but with debts well beyond anything we ever faced and now we are holding on with all our might to all the jobs.

I feel really sorry for the next generation.

They'll supposedly have paid into it their entire working lives with nothing to show for it, according to the pro-privatization gang. One of my own kids has fretted about this. I told her that I've heard the exact same thing all MY life too. Yet here we are, still solvent, and we haven't had to move in with her yet. lol
Click to expand...

We are dinks (double income, no kids) so we don't have that option. Our hope is to threaten various nieces and nephews.
 
Quincunx said:
No it doesn't. No one on the left is going that far. That is a mischaracterization.
Click to expand...

That's EXACTLY what the "equal pay" argument is about. Beyond that goerge Soros's white male privilege means he had significant advantages over grandmothers. That's unfair is it not? You people want to eat your cake and have it too.
 
Yakuda said:
That's EXACTLY what the "equal pay" argument is about.
Click to expand...

No it isn't. The equal pay movement is equal pay for equal work.

Beyond that goerge Soros's white male privilege means he had significant advantages over grandmothers. That's unfair is it not? You people want to eat your cake and have it too.
Click to expand...

This has already been debunked for you in a previous post by Owl. Sorry you missed it.
 
Concart said:
You are pretty close to what I am. I used my survivor benefit from my spouse until I reached full retirement age and switched over. SS is basically an afterthought for me, but it's nice that I don't have to think about healthcare, my Medicare Advantage premium comes out of my payment, and I get a little spending money once a month. I know some people are dependent on SS. Thank God it is in place and we didn't do something stupid like privatize.
Click to expand...

My late MIL had only $929/month in social security, and her meager savings (~$200,000) to live on. Their house was paid off but she still owed taxes on it every year. When she was declared incompetent due to dementia and entered a memory care facility, my husband became her financial and medical power of attorney person. Her finances were a nightmare, she hadn't filed a tax return in years, or paid the county taxes. She was barely getting by; if she had been of sound mind she eventually would have had to come live with one of us because even with a paid-off house, she didn't have enough to live on. I've no doubt that there are many, many other elderly ppl in the same condition. Think how much worse it would be w/o SS.
 
Concart said:
You are pretty close to what I am. I used my survivor benefit from my spouse until I reached full retirement age and switched over. SS is basically an afterthought for me, but it's nice that I don't have to think about healthcare, my Medicare Advantage premium comes out of my payment, and I get a little spending money once a month. I know some people are dependent on SS. Thank God it is in place and we didn't do something stupid like privatize.
Click to expand...

Part of me says I should wait until 69 or 70 to take the delayed benefit of ~$4,000/month. That could pay for a lot of vacations and toys.

But I could be dead tomorrow or next year, so another train of thought is to take the reduced benefit at an earlier age.
 
Concart said:
Yakuda's thinking is entirely binary. No dimmer switch, which is ironic, given just how dim the guy is.
Click to expand...

He's a good illustration of not only stupidity, but how the privatize-SS gang has managed to convince these idiots that SS is a rigged game that only benefits old retired ppl. It's grievance politics at its best. "Just look at those old people, living it up at your expense! All that money will be gone when you're their age."
 
ThatOwlWoman said:
Yakkety-Yuck seems confused as to how SS works. He doesn't seem to understand that benefits are capped once you reach a certain income level. So if the grandma made an average of, say, $150K a year in her working life, she would get the same monthly benefit that Mr. Soros would get. Now if he was a self-employed worker rather than an employee, he also would have paid into the system twice what Grandmother did as an employee. But each would still get the same monthly amount.

This stuff is hard for Reichtards. lol
Click to expand...

Good summary.
If a MAGA is going to scream about social security, you would think they would at least have a rudimentary understanding of it
 
ThatOwlWoman said:
Yakkety-Yuck seems confused as to how SS works. He doesn't seem to understand that benefits are capped once you reach a certain income level.
Click to expand...

you don't seem to be aware that this program can be changed at any time - and will need to be substantially modified to continue past the 2030's

So if the grandma made an average of, say, $150K a year in her working life, she would get the same monthly benefit that Mr. Soros would get.
Click to expand...

false - it uses the highest 35 years of indexed earnings currently - but that can and will also change
 
zymurgy said:
this is hilarious.

next, show us how well Enron was doing before that all came crashing down
Click to expand...

You have been duped by rightwing media personalities

I was also told 40 years ago SS would crash and wouldn't be there for me when I retired.

Rightwingers have probably been predicting the imminent crash of SS for the last 80 years.
 
zymurgy said:
you don't seem to be aware that this program can be changed at any time - and will need to be substantially modified to continue past the 2030's



false - it uses the highest 35 years of indexed earnings currently - but that can and will also change
Click to expand...

Not false. Your benefits are based on your earnings. What I said is true. The Grandmother in the scenario who made an average of $150K/year her entire working life would get the same SS benefit as Mr. Soros.

Yes, the SS system can be modified by Congress. Certainly the earnings cap can be removed or raised. The FICA deduction can also be raised (or lowered). Means-testing has been suggested.

What's your point? It might change so we should scrap it in order to make wealthy corporations and investment firms even wealthier? Good luck with that.
 
Cypress said:
You have been duped by rightwing media personalities

I was also told 40 years ago SS would crash and wouldn't be there for me when I retired.

Rightwingers have probably been predicting the imminent crash of SS for the last 80 years.
Click to expand...

Being a ponzi scheme ensures it will be there
 
Last edited:
A chunk of SS supports the disabled and those unable to work. It will also help those whose wage earner dies young. Paul Ryan's father died young and SS helped him get by and go to college. He spent his career trying to end SS. I suppose rightys hate it because they really do not care about the people at the bottom or the old.
SS is over 80 years old and has never missed a check. They are run on a slice of their revenue.
SS cannot go broke because it pays benefits from the existing workers. If the workforce cannot cover it, its benefits will be cut to match. It is not allowed to touch the treasury for shortages.
When the baby boomers came along, there were going to be shortages. They increased the paycheck rates to cover them. In short, the boomers paid ahead for their own SS. They built a 3 billion dollar pool to cover them.
 
You must log in or register to reply here.
Back
Top