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TouchéAndyC wrote:[youtube]http://youtube.com/watch?v=5oQmLzdTl_U[/youtube]i8godzilla wrote:You knew it was coming.........................
74novaman wrote:Social security should be ended now. Just because the boomer generation got suckered into a Ponzi scheme doesn't mean my generation should pay for their mistake.
"It's my money and I need it now!"sjfcontrol wrote:74novaman wrote:Social security should be ended now. Just because the boomer generation got suckered into a Ponzi scheme doesn't mean my generation should pay for their mistake.
Suckered? Mistake? I don't remember agreeing to anything. Our parents took it from us -- We take it from you. It's the cycle of life. Cowboy Up!
Somehow I don't think he would be willing to help much.SQLGeek wrote:"It's my money and I need it now!"sjfcontrol wrote:74novaman wrote:Social security should be ended now. Just because the boomer generation got suckered into a Ponzi scheme doesn't mean my generation should pay for their mistake.
Suckered? Mistake? I don't remember agreeing to anything. Our parents took it from us -- We take it from you. It's the cycle of life. Cowboy Up!
The first monthly payment was issued on January 31, 1940 to Ida May Fuller of Ludlow, Vermont. In 1937, 1938 and 1939 she paid a total of $24.75 into the Social Security System. Her first check was for $22.54. After her second check, Fuller already had received more than she contributed over the three-year period. She lived to be 100 and collected a total of $22,888.92.[26]
SQLGeek wrote:So JG Wentworth is lying to me then?
"Snivel and cry..." somebody woke up cranky this morning.
OK, I'll take a deep breath, and try to control my self. So you knew you were being stolen from, and didn't do anything about it. And that now justifies stealing from me?sjfcontrol wrote:SQLGeek wrote:So JG Wentworth is lying to me then?
"Snivel and cry..." somebody woke up cranky this morning.
Keep in mind I've had my wages stolen from me since about age 15. Since then, the payments have gotten higher, and the promises have been weakened, and the starting age move higher. During most of that time, I've paid both halves of the tax (which everybody else does too, they just don't see it). It really burns my backside now when somebody suggests that we should end SS now, and that it just sucks to be me.
Umm, and just what do think I could have done about it? I suppose I could have quit my job to avoid the tax, but that's worse. Of course I knew. Just as you know.74novaman wrote:So you knew you were being stolen from, and didn't do anything about it. And that now justifies stealing from me?sjfcontrol wrote:SQLGeek wrote:So JG Wentworth is lying to me then?
"Snivel and cry..." somebody woke up cranky this morning.
Keep in mind I've had my wages stolen from me since about age 15. Since then, the payments have gotten higher, and the promises have been weakened, and the starting age move higher. During most of that time, I've paid both halves of the tax (which everybody else does too, they just don't see it). It really burns my backside now when somebody suggests that we should end SS now, and that it just sucks to be me.
Interesting theory.
Edit to add: If I had to keep paying into this Ponzi scheme, with the full knowledge that I would receive nothing from it(and I won't anyway because SS is failing and by the time I'm retirement age, either hard decisions will have been made or they'll just stop the checks) , but after me my kids would stop being stolen from, I would do it. Just my .02 on the matter.
My father's parents' generation got suckered into a Ponzi scheme by FDR. The rest of us were required, by existing law, yourself included, to contribute to it based on a promise made. I will be 59 in a couple of months, just 8 years away from the promise which I have paid into, by law, for all of my working life. I don't have a problem with privatizing social security, but if that is to happen, I want each and every living taxpayer to receive every penny they paid into it refunded to them so that they can then invest it according to their own choices. If that means that some poor person can't have government funded abortions, too bad. If that means that some corporation loses a tax loophole to pay for it, too bad. That fund was supposed to be secured (as in Social Security). Instead, Congress has been treating it as revenue. If they had not done so, the system would not be anywhere near insolvency today. However, the payout is now a lawful obligation of the federal government. If they can't meet that obligation, then something else will have to go so that they can meet it—whether that payout takes the form of monthly retirement income, or whether it takes the form of lump sum payouts to investors so that they can reinvest it more securely.74novaman wrote:Social security should be ended now. Just because the boomer generation got suckered into a Ponzi scheme doesn't mean my generation should pay for their mistake.
If we do nothing, the checks stopping will be exactly how SS is finally ended. As for doing something about it, of course you couldn't have stopped working. We have to work. Heck, some of us even like it every once and a while.sjfcontrol wrote:
That's easy to say, at your imagined age. I said that, too. It's different when looking at it from the other end. Trust me. Of course, if your right, then the problem will be solved after you spend most of your life paying into the system (thank you), and receive nothing "because the checks stopped".
BUT if people had been talking about needing to fix SS 20 or 30 years ago, and then voted accordingly, not joined AARP (one of the biggest obstacles to any sort of SS reform) and written to congress critters making SS an issue, we might have at least had some kind of effort to fix things in a way that would be the least harmful to everyone.