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stonebeard View Drop Down
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Direct Link To This Post Posted: March 31 2010 at 00:08
Originally posted by thellama73 thellama73 wrote:

^^You're referring to welfare, not social security. Social security takes a chunk of your paycheck and hides it away until you're old because you can't be trusted to save for your own retirement. The problem (other than the extreme condescension) is that the government was supposed to invest that money and return it to you, but instead they spent it and are now not taking in enough new money to pay retirees what they are owed.


>implying I'll be able to make enough money to save for retirement

HAHA
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Direct Link To This Post Posted: March 31 2010 at 02:38
Originally posted by thellama73 thellama73 wrote:

^^You're referring to welfare, not social security. Social security takes a chunk of your paycheck and hides it away until you're old because you can't be trusted to save for your own retirement. The problem (other than the extreme condescension) is that the government was supposed to invest that money and return it to you, but instead they spent it and are now not taking in enough new money to pay retirees what they are owed.


OK, although I appreciate you making such a distinction, can you confirm or otherwise, if earned income in the US goes towards an individual's welfare and social security benefits in the form of taxes ? (i.e. deducted at source)

Perhaps there's a problem in nomenclature hereabouts e.g. for Brits and Australians your social security equates to the state pension upon retirement and welfare equates to national insurance contributions paid as unemployment benefit.

I also get the impression from your quoted post that in the US you cannot 'opt out' of such social security contributions being deducted at source (i.e. is it a 'common' pool of monies to be utilised as the government sees fit ?)

Confused Highland Mortal Confused
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Direct Link To This Post Posted: March 31 2010 at 03:20
Originally posted by Slartibartfast Slartibartfast wrote:

Originally posted by Epignosis Epignosis wrote:

Originally posted by The Doctor The Doctor wrote:

The first step towards a fair tax is eliminating the caps on contributions to certain programs.  Two come to mind...the social security contribution cap, where you only have to contribute on earnings up to $7000 per month.  Or the German national health insurance contributions, which are capped at somewhere around 285 Euro per month, no matter how much you earn.  Eliminating the caps would at the very least help ease some of the pressure on those two systems.


I'm for eliminating social security altogether, but that's a different thread that I'm not gonna make.

I want my money.

I turned 45, have been working since my teens and having the taxes withheld.  I want MY money.


And that's why I wouldn't believe in cutting it off cold turkey style.  I think it should be phased out over a period of time.  Smile
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Direct Link To This Post Posted: March 31 2010 at 08:11
I'm not really sure what I think about social security. It's a safety net, but most folks certainly don't get their money back, let alone with interest. A well planned retirement fund would be better but that can be raided and not everyone has the planning, resources, or intelligence to achieve this.
 
My grandfather was a union carpenter and saved very well. He unfortunately died at 67, having a whopping 2 years of retirement. My grandmother, a traditional housewife, was 65 at the time and continued to draw Social Security on his contributions for 18 years. At first, this was a nice supplement as her primary income was living modestly off the interest of the savings. When the interest rates plummetted in the 90's, she had to slowly exhaust the principal until the Social Security was really her only income. They did everything right and were able to continue their simple lifestyle until the end financially, but without the SS my grandmother would have been in trouble.
 
I'm still paying off educational debt at 37. We save a very small amount, but saving too much when you're paying interest is financially a bad idea.
 
 
You are quite a fine person, and I am very fond of you. But you are only quite a little fellow, in a wide world, after all.
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Direct Link To This Post Posted: March 31 2010 at 08:26
Originally posted by stonebeard stonebeard wrote:


>implying I'll be able to make enough money to save for retirement

HAHA
 
This is not 4chan's /mu/, you know. Implying DOES NOT work here, neither greentext.
 
 
 
Originally posted by moot moot wrote:

F**king newf*gs .
 
LOL


Edited by CCVP - March 31 2010 at 08:28
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Direct Link To This Post Posted: March 31 2010 at 09:40
A lot of this Bill is modeled after the mandatory system we have here in Taxachusetts, so that being the case I'll just say the whole thing sucks. The kinks should have been worked out of our state system before it was made national.
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Direct Link To This Post Posted: March 31 2010 at 10:04
Originally posted by ExittheLemming ExittheLemming wrote:

Originally posted by thellama73 thellama73 wrote:

^^You're referring to welfare, not social security. Social security takes a chunk of your paycheck and hides it away until you're old because you can't be trusted to save for your own retirement. The problem (other than the extreme condescension) is that the government was supposed to invest that money and return it to you, but instead they spent it and are now not taking in enough new money to pay retirees what they are owed.


OK, although I appreciate you making such a distinction, can you confirm or otherwise, if earned income in the US goes towards an individual's welfare and social security benefits in the form of taxes ? (i.e. deducted at source)

Perhaps there's a problem in nomenclature hereabouts e.g. for Brits and Australians your social security equates to the state pension upon retirement and welfare equates to national insurance contributions paid as unemployment benefit.

I also get the impression from your quoted post that in the US you cannot 'opt out' of such social security contributions being deducted at source (i.e. is it a 'common' pool of monies to be utilised as the government sees fit ?)

Confused Highland Mortal Confused


Earned income is taxed by both the Federal Government and State Governments, and in some places City Governments as well. Some of those taxes go towards what we call Wellfare, a pool that goes to anyone who is unemployed. In addition to those taxes, they also pull out Social Security, which theoretically is held for you until you retire. In reality, that money is spent and you get your SS payment from the next generation's payments. You cannot opt out of any of these programs. I would have no problem with Social Security if you could choose not to participate.
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Direct Link To This Post Posted: March 31 2010 at 14:01
And since the government inflates your money quicker than even most private sector investments can counteract, even without explicitly using the stolen money pool they still leach away at your "savings". 
"One had to be a Newton to notice that the moon is falling, when everyone sees that it doesn't fall. "
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Direct Link To This Post Posted: March 31 2010 at 17:56
  ^  We are the government, the vast majority of government consists of citizens, being paid by and paying into a government that spends most of its budget on the defense and welfare of, you guessed it, citizens.


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Direct Link To This Post Posted: March 31 2010 at 20:39
^ It's all good and well to say "we are the government." But I am not. I don't receive any money from the government, and I didn't vote for anybody currently in office. The government does not represent me.

It's silly to imply that no one can have any complaint against the government because the government in comprised of citizens. Silly, silly, silly.
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Direct Link To This Post Posted: March 31 2010 at 20:41
not saying you can't complain, just injecting some reality
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Direct Link To This Post Posted: March 31 2010 at 20:44
Silly reality.
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Direct Link To This Post Posted: March 31 2010 at 20:49
Originally posted by thellama73 thellama73 wrote:

Silly reality.

Making your own perhaps?

People are entitled to their own opinions, they are not entitled to make up their own "facts".


Edited by Slartibartfast - March 31 2010 at 20:50
Released date are often when it it impacted you but recorded dates are when it really happened...

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Direct Link To This Post Posted: March 31 2010 at 20:52
Originally posted by thellama73 thellama73 wrote:

^ It's all good and well to say "we are the government." But I am not. I don't receive any money from the government, and I didn't vote for anybody currently in office. The government does not represent me.It's silly to imply that no one can have any complaint against the government because the government in comprised of citizens. Silly, silly, silly.

You don't drive on any highways, cross any bridges, receive mail or eat food that is regulated against disease?
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Direct Link To This Post Posted: March 31 2010 at 20:52
Originally posted by thellama73 thellama73 wrote:

Silly reality.


  LOL  it's either reality or it isn't,  and to suggest you don't benefit from the government/taxbase is a bit specious


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Direct Link To This Post Posted: March 31 2010 at 20:55
Originally posted by Easy Money Easy Money wrote:

Originally posted by thellama73 thellama73 wrote:

^ It's all good and well to say "we are the government." But I am not. I don't receive any money from the government, and I didn't vote for anybody currently in office. The government does not represent me.It's silly to imply that no one can have any complaint against the government because the government in comprised of citizens. Silly, silly, silly.

You don't drive on any highways, cross any bridges, receive mail or eat food that is regulated against disease?


I don't drive on anything, since I don't have a car, I don't receive any mail I care about and I make sure to let all my food rot a little before I eat it so as to counteract the actions of the pesky FDA.
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Direct Link To This Post Posted: March 31 2010 at 20:58
I have a question. Who is supposed to decide where roads go and lead to in this government less utopia. I understand you do not drive a car, which is admirable, but where I live these people and their giant families are addicted to cars. Do they just build roads on their own to go where whatever suits them etc.

Edited by Easy Money - March 31 2010 at 21:00
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Direct Link To This Post Posted: March 31 2010 at 21:00
Originally posted by thellama73 thellama73 wrote:

Originally posted by ExittheLemming ExittheLemming wrote:

Originally posted by thellama73 thellama73 wrote:

^^You're referring to welfare, not social security. Social security takes a chunk of your paycheck and hides it away until you're old because you can't be trusted to save for your own retirement. The problem (other than the extreme condescension) is that the government was supposed to invest that money and return it to you, but instead they spent it and are now not taking in enough new money to pay retirees what they are owed.


OK, although I appreciate you making such a distinction, can you confirm or otherwise, if earned income in the US goes towards an individual's welfare and social security benefits in the form of taxes ? (i.e. deducted at source)

Perhaps there's a problem in nomenclature hereabouts e.g. for Brits and Australians your social security equates to the state pension upon retirement and welfare equates to national insurance contributions paid as unemployment benefit.

I also get the impression from your quoted post that in the US you cannot 'opt out' of such social security contributions being deducted at source (i.e. is it a 'common' pool of monies to be utilised as the government sees fit ?)

Confused Highland Mortal Confused


Earned income is taxed by both the Federal Government and State Governments, and in some places City Governments as well. Some of those taxes go towards what we call Wellfare, a pool that goes to anyone who is unemployed. In addition to those taxes, they also pull out Social Security, which theoretically is held for you until you retire. In reality, that money is spent and you get your SS payment from the next generation's payments. You cannot opt out of any of these programs. I would have no problem with Social Security if you could choose not to participate.


Thanks for the background, it's starting to make sense to a non-american now.
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Direct Link To This Post Posted: March 31 2010 at 21:00
Just like everything else, roads will go where people are willing to pay for them to go.
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Direct Link To This Post Posted: March 31 2010 at 21:04
Originally posted by Easy Money Easy Money wrote:

Who is supposed to decide where roads go and lead to in this government less utopia.


 I wouldn't doubt many were indeed building their own roads and other things back when this was still a big, unwieldy, highly dangerous and dirty place, and I assume it;'s one of the many reasons we decided to become a real nation


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