When they tell you McCain does not want to privatize Social Security, remember that the Republicans specifically added this to their party platform - this year.
The US is not the only country with some form of social security. Most of those countries have improved on the US model. Some form of personal control, ownership makes more sense than the current US version where it is designed to only pay the near dead. Talk to someone who cannot work for some disability and you'll discover the liklihood they do not qualify for their ssn benefits. As the current US system is set up the only likely fix is to move the age even older than the current 72 for full benefits for anyone beginning the theft of wages plan.
My oldest friend is on 100% disability for going blind at the age of 45. He lives in Thailand, as he cannot afford to live in America on SS. The account statement I receive every year? This year it told me what my benefits would be if I retired at 62, 65, or 70, but also stated that the fund would, under current projections, be drained dry by 2017. I turn 65 in 2018. Whoopee.
This fund has been looted by every Congress since I started working. It has no money, only I.O.U.s, and is paying out from current income. I am not ALLOWED to opt out. A quarter to a third of my annual income is double-taxed for Social Security: for every dollar I make as an independent contractor, I pay both the employee and the employer's portion of the Social Security tax.
The stated plan to privatize SS is an optional plan. If you don't want to change you don't have to. I don't know why everyone is so worried about how everyone else saves for their retirement and against choice.
Lessee--$125 BILLION to bail out the rich folks who sunk the S&Ls, thereby wiping out the savings of thousands of working people. $700 BILLION talked about to bail out Wall Street over the mortgage crisis, again mostly at the expnese of people who actually work for a living. Privatize Social Security, invest it in Wall street and higher unemployment (after all, the best way to increase the value of a stock is to reduce labor costs--off-shore and layoffs at home) so we can bail out the super-rich AGAIN to the tune of BILLIONS when the (inevitably) steal and crash that little plan. Brought to you by the people who brought us Enron--which took the futures of thousands more hard-working Americans.
The only people less trustworthy than the government is private industry.
Again, I can't see why you are getting all worded up over what I do with my money. You can keep your money in SS. (and if/when it is gone who is going to bail you out?)
The primary job of business is to make money for the owners, not to be an welfare agency employing people. When you buy stocks, you are the owner. Hate of the way business works isn't going to change it, it is just going to make going over seas more and more appealing to them. We are also not bailing out the stock market per say. We are bailing out several large banks and investment companies. They are two very different things. When we invest in stock and bonds (the stock market) we are not investing in directly in Lehman Brothers (someone we are bailing out), we are investing in the markets (in Apple, Microsoft, IBM, WalMart, GE, ABC, 1000's of mom and pop shops, etc.).
[1 point]56 days ago by dr1024ReplyEdited 56 days ago by dr1024
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When they tell you McCain does not want to privatize Social Security, remember that the Republicans specifically added this to their party platform - this year.
http://www.gop.com/2008Platform/GovernmentReform.htm#8
The US is not the only country with some form of social security. Most of those countries have improved on the US model. Some form of personal control, ownership makes more sense than the current US version where it is designed to only pay the near dead. Talk to someone who cannot work for some disability and you'll discover the liklihood they do not qualify for their ssn benefits. As the current US system is set up the only likely fix is to move the age even older than the current 72 for full benefits for anyone beginning the theft of wages plan.
My oldest friend is on 100% disability for going blind at the age of 45. He lives in Thailand, as he cannot afford to live in America on SS. The account statement I receive every year? This year it told me what my benefits would be if I retired at 62, 65, or 70, but also stated that the fund would, under current projections, be drained dry by 2017. I turn 65 in 2018. Whoopee.
This fund has been looted by every Congress since I started working. It has no money, only I.O.U.s, and is paying out from current income. I am not ALLOWED to opt out. A quarter to a third of my annual income is double-taxed for Social Security: for every dollar I make as an independent contractor, I pay both the employee and the employer's portion of the Social Security tax.
For sure.
I have a friend that is going to "borrow" a bunch of money from his 401-k because he wants to get some benefit from it while he still has funds left.
The stated plan to privatize SS is an optional plan. If you don't want to change you don't have to. I don't know why everyone is so worried about how everyone else saves for their retirement and against choice.
This comment was deleted by dauguy .
[1 point] 56 days ago byThis comment was deleted by dauguy .
[1 point] 56 days ago byThis comment was deleted by dauguy .
[1 point] 56 days ago byLessee--$125 BILLION to bail out the rich folks who sunk the S&Ls, thereby wiping out the savings of thousands of working people. $700 BILLION talked about to bail out Wall Street over the mortgage crisis, again mostly at the expnese of people who actually work for a living. Privatize Social Security, invest it in Wall street and higher unemployment (after all, the best way to increase the value of a stock is to reduce labor costs--off-shore and layoffs at home) so we can bail out the super-rich AGAIN to the tune of BILLIONS when the (inevitably) steal and crash that little plan. Brought to you by the people who brought us Enron--which took the futures of thousands more hard-working Americans.
The only people less trustworthy than the government is private industry.
Again, I can't see why you are getting all worded up over what I do with my money. You can keep your money in SS. (and if/when it is gone who is going to bail you out?)
The primary job of business is to make money for the owners, not to be an welfare agency employing people. When you buy stocks, you are the owner. Hate of the way business works isn't going to change it, it is just going to make going over seas more and more appealing to them. We are also not bailing out the stock market per say. We are bailing out several large banks and investment companies. They are two very different things. When we invest in stock and bonds (the stock market) we are not investing in directly in Lehman Brothers (someone we are bailing out), we are investing in the markets (in Apple, Microsoft, IBM, WalMart, GE, ABC, 1000's of mom and pop shops, etc.).
I'd never get worded up over what you do with your money. :)
sorry, the keyboard was malfunctioning