Maybe you didn't catch this bit of news this week.2firfun50 wrote:In my opionion, Social Security, Medicare, and Medicaid are not "entitlements". They are forced investments in the future. We have paid into that system since 1939 and it is too late to call a mulligan. For me, "Now" is the future I have been investing in it for a total of 47 yrs. It is time.
Its time to quit playing the shell game and get serious. The balloon payments are due. Neither party. nor the American people have the will or the courage.
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How mad does it make you to know that putting your money in a passbook savings account would leave you better off than putting it into the SS Trust fund? It certainly makes me
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If you LISTEN to Obama/Biden/Romney/Ryan, and then critically evaluate what they're saying, there's only one guy with un-impeachable credentials as a deficit and spending Hawk... Ryan. Ryan was the only guy in Congress with the testicular fortitude to put forward his own budget, including fixes to entitlements, then show it to the world and stand the heat and fury of being the guy that would push granny off the cliff. Listen to Ryan, give him the chance. He'll win you over. And he's open to negotiation and better ideas. But he's the ONLY guy brave enough to put his flag in the ground and start the discussion. He's an easy target, but thus far still standing. He's flourishing, because he's the only 100% true to himself guy on either ticket.
Spot-onTeamless wrote: 1 - they already paid their 23% on money they earned, then they took that earned (and taxed money) and invested it, and paid another 15% on earnings there, so they are essentially DOUBLE TAXED.
2 - they are [only] paying 15% on investment gains, but how much did they actually lose on their other investments?
So in the end, how much are they really paying out?
23% originally
15% on earnings
??? of losses?
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Investors create jobs for the rest of us.