Culture Wars

[BDKJMU]

It’s literally labeled an entitlement by the SSA website (which pre dates Trump BTW).
https://www.ssa.gov/ssi/text-entitle-ussi.htm
Why it’s LEGALLY called an entitlement.

https://thelegalguide.org/why-is-social ... titlement/

Yeah some people have paid in 50-60 years. And tens of millions have received more out (adjusted for inflation) than they and their spouse paid in.

It’s an entitlement. And a pyramid scheme.

Kalm, and Joyce Carol Oats..

And more spending has come out ignoring the future debt obligations of the government to pay it back. Remember the SS lockbox?

It can be called an entitlement but that carries a connotation of socialism/government hand outs for R’s. SS is based on what you pay in.

Imagine elder care and poverty rates without it. A retirement with dignity is a concept that goes way back to at least Teddy Roosevelt. Taking care of our elders is a cultural obligation and morally right.

But it’s running out of money! Because the tax cuts on billionaires and profligate military spending is WAY more important.

We don’t need billionaires. We’d be just fine without them. What we DO need is a just and empathetic society which honors the life, wisdom, and passing of our old folks.

BDK and Ayn Rand…

It’s running out of $$$ because:i
-Started out of the gate, and continues to this day, people (and spouses being paid out (inflation adjusted) more than they & their spouse paid in.
-Avg life expectancy when it started was 63 or thereabouts. Now it’s 78 or thereabouts. 15 workers for every one beneficiary has fallen now between 2 and 3. Payroll taxes when it started were 1%. Been raised 15x to 6.2% (employee and employer; 12.4% self employed). Full retirement raised from 65 to 67. Still not enough. Because it’s a PONZI SCHEME.

SS isn’t even an entitlement problem. It can‘t run a deficit, so when the trust fund hits 0, bennies are automatically cut. Problem solved.

What will bankrupt the US is medicaid & medicare..

[UNI88]

And more spending has come out ignoring the future debt obligations of the government to pay it back. Remember the SS lockbox?

It can be called an entitlement but that carries a connotation of socialism/government hand outs for R’s. SS is based on what you pay in.

Imagine elder care and poverty rates without it. A retirement with dignity is a concept that goes way back to at least Teddy Roosevelt. Taking care of our elders is a cultural obligation and morally right.

But it’s running out of money! Because the tax cuts on billionaires and profligate military spending is WAY more important.

We don’t need billionaires. We’d be just fine without them. What we DO need is a just and empathetic society which honors the life, wisdom, and passing of our old folks.

BDK and Ayn Rand…

It’s running out of $$$ because:i
-Started out of the gate, and continues to this day, people (and spouses being paid out (inflation adjusted) more than they & their spouse paid in.
-Avg life expectancy when it started was 63 or thereabouts. Now it’s 78 or thereabouts. 15 workers for every one beneficiary has fallen now between 2 and 3. Payroll taxes when it started were 1%. Been raised 15x to 6.2% (employee and employer; 12.4% self employed). Full retirement raised from 65 to 67. Still not enough. Because it’s a PONZI SCHEME.

SS isn’t even an entitlement problem. It can‘t run a deficit, so when the trust fund hits 0, bennies are automatically cut. Problem solved.

What will bankrupt the US is Trump.

FYP

It isn't running out of dollars simply because people get more than they pay in. That can be made up with money from people who die before they get what they paid in.

The money that people paid in should be treated like a liability for the government. If the government cuts Bennie's it should owe people their money back. It shouldn't be treated like a trump phone with no refunds on their down payments.

[kalm]

It’s running out of $$$ because:i
-Started out of the gate, and continues to this day, people (and spouses being paid out (inflation adjusted) more than they & their spouse paid in.
-Avg life expectancy when it started was 63 or thereabouts. Now it’s 78 or thereabouts. 15 workers for every one beneficiary has fallen now between 2 and 3. Payroll taxes when it started were 1%. Been raised 15x to 6.2% (employee and employer; 12.4% self employed). Full retirement raised from 65 to 67. Still not enough. Because it’s a PONZI SCHEME.

SS isn’t even an entitlement problem. It can‘t run a deficit, so when the trust fund hits 0, bennies are automatically cut. Problem solved.

What will bankrupt the US is Trump.

FYP

It isn't running out of dollars simply because people get more than they pay in. That can be made up with money from people who die before they get what they paid in.

The money that people paid in should be treated like a liability for the government. If the government cuts Bennie's it should owe people their money back. It shouldn't be treated like a trump phone with no refunds on their down payments.

Most of what BDK takes issue with can be fixed. Or cone up with a better program. And investing for their own retirement is pie in the sky. Some are responsible with it but enough are. They will spend the extra's rather than save. Partly because high middle class standard of living is becoming unreachable.

But hey! Look at the market and marvel at the superiority of the billionaire class! Neo-feudalism is a beautiful thing!

[Caribbean Hen]

FYP

It isn't running out of dollars simply because people get more than they pay in. That can be made up with money from people who die before they get what they paid in.

The money that people paid in should be treated like a liability for the government. If the government cuts Bennie's it should owe people their money back. It shouldn't be treated like a trump phone with no refunds on their down payments.

Most of what BDK takes issue with can be fixed. Or cone up with a better program. And investing for their own retirement is pie in the sky. Some are responsible with it but enough are. They will spend the extra's rather than save. Partly because high middle class standard of living is becoming unreachable.

But hey! Look at the market and marvel at the superiority of the billionaire class! Neo-feudalism is a beautiful thing!

You facilitate bellyaching, moaning and groaning and enabling kids to think their life is doomed

Why don’t they teach investing 101 in the failed school system you cheer on every day?

How many kids growing up on the Democrats modern day Urban plantation have ever heard about the stock market and the value of saving money? It’s much more convenient to sit around and complain about millionaires.

Teach the kids about the compounding effect of money and why starting earlier in life is critical to your economic security

I paid into Social Security for 43 years but in my late 20s, I started asking myself, What if I just invested this money myself into the SP 500 index or other investments …

how much would I have had over the same time? A lot more! This way, if you don’t live long enough to collect your Social Security at least you could pass your investment down to your kids

Young employees should be given an opt out for Social Security, but encouraged to invest the same money that you would’ve put into it …. But we’re probably 40 years too late for that kind of common sense.

[BDKJMU]

FYP

It isn't running out of dollars simply because people get more than they pay in. That can be made up with money from people who die before they get what they paid in.

The money that people paid in should be treated like a liability for the government. If the government cuts Bennie's it should owe people their money back. It shouldn't be treated like a trump phone with no refunds on their down payments.

Most of what BDK takes issue with can be fixed. Or cone up with a better program. And investing for their own retirement is pie in the sky. Some are responsible with it but enough are. They will spend the extra's rather than save. Partly because high middle class standard of living is becoming unreachable.

But hey! Look at the market and marvel at the superiority of the billionaire class! Neo-feudalism is a beautiful thing!

There’s no fixing a Ponzi Scheme without tearing it down and starting from scratch.

[UNI88]

Most of what BDK takes issue with can be fixed. Or cone up with a better program. And investing for their own retirement is pie in the sky. Some are responsible with it but enough are. They will spend the extra's rather than save. Partly because high middle class standard of living is becoming unreachable.

But hey! Look at the market and marvel at the superiority of the billionaire class! Neo-feudalism is a beautiful thing!

There’s no fixing a Ponzi Scheme without tearing it down and starting from scratch.

That sounds like a call to assassinate trump and purge the trump regime from government.

[kalm]

Most of what BDK takes issue with can be fixed. Or cone up with a better program. And investing for their own retirement is pie in the sky. Some are responsible with it but enough are. They will spend the extra's rather than save. Partly because high middle class standard of living is becoming unreachable.

But hey! Look at the market and marvel at the superiority of the billionaire class! Neo-feudalism is a beautiful thing!

There’s no fixing a Ponzi Scheme without tearing it down and starting from scratch.

That’s if you believe it’s a Ponzi scheme.

[BDKJMU]

There’s no fixing a Ponzi Scheme without tearing it down and starting from scratch.

That’s if you believe it’s a Ponzi scheme.

I‘ll quote the left leaning Libertarian Cato that 88‘ loves to quote.

Social Security Is a Legal Ponzi Scheme
https://www.cato.org/blog/truth-about-s ... nzi-scheme

[UNI88]

That’s if you believe it’s a Ponzi scheme.

I‘ll quote the left leaning Libertarian Cato that 88‘ loves to quote.

Social Security Is a Legal Ponzi Scheme
https://www.cato.org/blog/truth-about-s ... nzi-scheme

Left leaning and Libertarian ...

Tell me you're utterly clueless about Libertarians without telling me you're utterly clueless about Libertarians.

[kalm]

That’s if you believe it’s a Ponzi scheme.

I‘ll quote the left leaning Libertarian Cato that 88‘ loves to quote.

Social Security Is a Legal Ponzi Scheme
https://www.cato.org/blog/truth-about-s ... nzi-scheme

Helping the direly retire with dignity and saving their children significant money in elder care is the best grift ever!

Well almost…

[BDKJMU]

I‘ll quote the left leaning Libertarian Cato that 88‘ loves to quote.

Social Security Is a Legal Ponzi Scheme
https://www.cato.org/blog/truth-about-s ... nzi-scheme

Left leaning and Libertarian ...

Tell me you're utterly clueless about Libertarians without telling me you're utterly clueless about Libertarians.

You don‘t think CATO is libertarian?

[BDKJMU]

I‘ll quote the left leaning Libertarian Cato that 88‘ loves to quote.

Social Security Is a Legal Ponzi Scheme
https://www.cato.org/blog/truth-about-s ... nzi-scheme

Helping the direly retire with dignity and saving their children significant money in elder care is the best grift ever!

Well almost…

You don’t think you could do a better job than Big Daddy govt managing your retirement $$$, and should have that choice?

[UNI88]

Left leaning and Libertarian ...

Tell me you're utterly clueless about Libertarians without telling me you're utterly clueless about Libertarians.

You don‘t think CATO is libertarian?

CATO (and Libertarians) are YUGELY more fiscally conservative than trump and MAQA.

"Left leaning" is sour grapes because Libertarians are pro-individual rights which trump and MAQA aren't.

[kalm]

Helping the direly retire with dignity and saving their children significant money in elder care is the best grift ever!

Well almost…

You don’t think you could do a better job than Big Daddy govt managing your retirement $$$, and should have that choice?

I’m not worried about me at all. And yes…both my wife’s and my assets are very well managed.

So it’s not about me. I just want to live in a society where the retired and elderly are well taken care of.

[BDKJMU]

It’s literally labeled an entitlement by the SSA website (which pre dates Trump BTW).
https://www.ssa.gov/ssi/text-entitle-ussi.htm
Why it’s LEGALLY called an entitlement.

https://thelegalguide.org/why-is-social ... titlement/

Yeah some people have paid in 50-60 years. And tens of millions have received more out (adjusted for inflation) than they and their spouse paid in.

It’s an entitlement. And a pyramid scheme.

Kalm, and Joyce Carol Oats..

And more spending has come out ignoring the future debt obligations of the government to pay it back. Remember the SS lockbox?

It can be called an entitlement but that carries a connotation of socialism/government hand outs for R’s. SS is based on what you pay in.

Imagine elder care and poverty rates without it. A retirement with dignity is a concept that goes way back to at least Teddy Roosevelt. Taking care of our elders is a cultural obligation and morally right.

But it’s running out of money! Because the tax cuts on billionaires and profligate military spending is WAY more important.

We don’t need billionaires. We’d be just fine without them. What we DO need is a just and empathetic society which honors the life, wisdom, and passing of our old folks.

The only way to have no billionaires would be to confiscate 100% of the wealth over 999 million.
Even confiscating 100% of the wealth of those billionaires you profess to hate, down to $0, would fund the govt for well less than 1 yr.

Very little of billionaires wealth is in cash. Billionaires would have to liquidate their stocks, bonds, land & other assets in order to pay the taxes. If they did so, it would drive down stock and bond prices, crashing the market, wiping out the investments of the wealthy AND middle class, and govt tax revenue would take a huge hit. The prices of buildings and land the soon the soon to no longer be billionaires owned would be driven down, which would mean further less tax revenue for the govt than anticipated. And the companies they ran would have to lay off shit tons of people, which would mean even less taxes. And those multi millionaires striving to become billionaires would say fuck it if the govt is going to confiscate 100% of wealth over 1 billion. So you wouldn‘t have the taxes to fund those entitlement and welfare programs you love. Tell me you don‘t have a clue about economics without telling me you don‘t have a clue about economics.

Comrade Kalm.

[BDKJMU]

You don’t think you could do a better job than Big Daddy govt managing your retirement $$$, and should have that choice?

I’m not worried about me at all. And yes…both my wife’s and my assets are very well managed.

So it’s not about me. I just want to live in a society where the retired and elderly are well taken care of.

Letting people manage their own retirement $$$ would be allowing them to take care of themselves, allowing them a chance at a better retirement.

[kalm]

And more spending has come out ignoring the future debt obligations of the government to pay it back. Remember the SS lockbox?

It can be called an entitlement but that carries a connotation of socialism/government hand outs for R’s. SS is based on what you pay in.

Imagine elder care and poverty rates without it. A retirement with dignity is a concept that goes way back to at least Teddy Roosevelt. Taking care of our elders is a cultural obligation and morally right.

But it’s running out of money! Because the tax cuts on billionaires and profligate military spending is WAY more important.

We don’t need billionaires. We’d be just fine without them. What we DO need is a just and empathetic society which honors the life, wisdom, and passing of our old folks.

The only way to have no billionaires would be to confiscate 100% of the wealth over 999 million.
Even confiscating 100% of the wealth of those billionaires you profess to hate, down to $0, would fund the govt for well less than 1 yr.

Very little of billionaires wealth is in cash. Billionaires would have to liquidate their stocks, bonds, land & other assets in order to pay the taxes. If they did so, it would drive down stock and bond prices, crashing the market, wiping out the investments of the wealthy AND middle class, and govt tax revenue would take a huge hit. The prices of buildings and land the soon the soon to no longer be billionaires owned would be driven down, which would mean further less tax revenue for the govt than anticipated. And the companies they ran would have to lay off shit tons of people, which would mean even less taxes. And those multi millionaires striving to become billionaires would say fuck it if the govt is going to confiscate 100% of wealth over 1 billion. So you wouldn‘t have the taxes to fund those entitlement and welfare programs you love. Tell me you don‘t have a clue about economics without telling me you don‘t have a clue about economics.

Comrade Kalm.

I love that you took that much time to defend your friends. But don’t worry, none of this is going to happen. Even though my original statement is true. Billionaires are unaffordable and they thank you for your continued support.

[Caribbean Hen]

FYP

It isn't running out of dollars simply because people get more than they pay in. That can be made up with money from people who die before they get what they paid in.

The money that people paid in should be treated like a liability for the government. If the government cuts Bennie's it should owe people their money back. It shouldn't be treated like a trump phone with no refunds on their down payments.

Most of what BDK takes issue with can be fixed. Or cone up with a better program. And investing for their own retirement is pie in the sky. Some are responsible with it but enough are. They will spend the extra's rather than save. Partly because high middle class standard of living is becoming unreachable.

But hey! Look at the market and marvel at the superiority of the billionaire class! Neo-feudalism is a beautiful thing!

Why do you actually believe that?

What the heck are you even talking about?

JFC you have a lot of potential for fucking up people’s lives

[kalm]

Most of what BDK takes issue with can be fixed. Or cone up with a better program. And investing for their own retirement is pie in the sky. Some are responsible with it but enough are. They will spend the extra's rather than save. Partly because high middle class standard of living is becoming unreachable.

But hey! Look at the market and marvel at the superiority of the billionaire class! Neo-feudalism is a beautiful thing!

Why do you actually believe that?

What the heck are you even talking about?

JFC you have a lot of potential for fucking up people’s lives

People fuck up their own lives, Sally. Do you honestly think Joe Blow in the trailer park would take that money and invest it wisely? Or would they use it to pay down their credit card debt, repair their car, and take their kids to the dentist more often.

You are not realistic…at all.

[BDKJMU]

The only way to have no billionaires would be to confiscate 100% of the wealth over 999 million.
Even confiscating 100% of the wealth of those billionaires you profess to hate, down to $0, would fund the govt for well less than 1 yr.

Very little of billionaires wealth is in cash. Billionaires would have to liquidate their stocks, bonds, land & other assets in order to pay the taxes. If they did so, it would drive down stock and bond prices, crashing the market, wiping out the investments of the wealthy AND middle class, and govt tax revenue would take a huge hit. The prices of buildings and land the soon the soon to no longer be billionaires owned would be driven down, which would mean further less tax revenue for the govt than anticipated. And the companies they ran would have to lay off shit tons of people, which would mean even less taxes. And those multi millionaires striving to become billionaires would say fuck it if the govt is going to confiscate 100% of wealth over 1 billion. So you wouldn‘t have the taxes to fund those entitlement and welfare programs you love. Tell me you don‘t have a clue about economics without telling me you don‘t have a clue about economics.

Comrade Kalm.

I love that you took that much time to defend your friends. But don’t worry, none of this is going to happen. Even though my original statement is true. Billionaires are unaffordable and they thank you for your continued support.

Lol I thought, you‘d throw out a couple of ad hominems and be unable to defend your ignorance of economics. Surrender accepted.

[BDKJMU]

Why do you actually believe that?

What the heck are you even talking about?

JFC you have a lot of potential for fucking up people’s lives

People fuck up their own lives, Sally. Do you honestly think Joe Blow in the trailer park would take that money and invest it wisely? Or would they use it to pay down their credit card debt, repair their car, and take their kids to the dentist more often.

You are not realistic…at all.

Over 1/2 of Americans are invested in the market in one way or the other.

It’s not the govt‘s responsibility to support irresponsibility or stupid. But don‘t worry, even though there‘s more of a chance of the govt stopping to do that than there is for your fantasy of no billionaires, neither is going to happen.

[UNI88]

People fuck up their own lives, Sally. Do you honestly think Joe Blow in the trailer park would take that money and invest it wisely? Or would they use it to pay down their credit card debt, repair their car, and take their kids to the dentist more often.

You are not realistic…at all.

Over 1/2 of Americans are invested in the market in one way or the other.

It’s not the govt‘s responsibility to support irresponsibility or stupid. But don‘t worry, even though there‘s more of a chance of the govt stopping to do that than there is for your fantasy of no billionaires, neither is going to happen.

Then why does the trump regime support Whiskeyleaks? He's both irresponsible and stupid.

[kalm]

I love that you took that much time to defend your friends. But don’t worry, none of this is going to happen. Even though my original statement is true. Billionaires are unaffordable and they thank you for your continued support.

Lol I thought, you‘d throw out a couple of ad hominems and be unable to defend your ignorance of economics. Surrender accepted.

[kalm]

People fuck up their own lives, Sally. Do you honestly think Joe Blow in the trailer park would take that money and invest it wisely? Or would they use it to pay down their credit card debt, repair their car, and take their kids to the dentist more often.

You are not realistic…at all.

Over 1/2 of Americans are invested in the market in one way or the other.

It’s not the govt‘s responsibility to support irresponsibility or stupid. But don‘t worry, even though there‘s more of a chance of the govt stopping to do that than there is for your fantasy of no billionaires, neither is going to happen.

Again…unrealistic. What happens when people reach retirement age without enough savings or investments to see them through to the finish line?

[BDKJMU]

Over 1/2 of Americans are invested in the market in one way or the other.

It’s not the govt‘s responsibility to support irresponsibility or stupid. But don‘t worry, even though there‘s more of a chance of the govt stopping to do that than there is for your fantasy of no billionaires, neither is going to happen.

Again…unrealistic. What happens when people reach retirement age without enough savings or investments to see them through to the finish line?

If do to their own recklessness, greed, or stupidity, tough shit. They could keep working.