TahitiNut
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Fri Oct-27-06 12:04 AM
Response to Reply #31 |
| 52. (Sometimes I don't know why I fucking bother.) |
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Edited on Fri Oct-27-06 12:10 AM by TahitiNut
When I began this post, it was 10:50 ... with only two replies in the thread. As I was taking the time and making the effort to offer a quality reply, hopefully worth reading and discussing, the Chinese Fortune Cookies arrived. Thus, this post goes under the fold and off the bottom of the page ... beyond the apparent attention span of DU. Fuck it. Here ... this is a graph that describes the wage base in 2005. Anyone willing to push a few brain cells around might glean some insights from it. After all, it's the bottom of the wage base that supplies Social Secuirty benefits. Try and imagine what happens when the Payroll Taxable part of the wage base shrinks as the working class gets fucked more and more. (I offer the 1990 graph for comparison purposes.)   |
| -Why is Privatized Social Security bad? |
puffthemagicdragon |
Oct-26-06 09:45 PM |
#0 |
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"They say..." you say. Who's "they"? |
tuvor |
Oct-26-06 09:48 PM |
#1 |
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"They Say" . . . . |
Suziq |
Oct-27-06 12:44 PM |
#103 |
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You know..."them." |
haruka3_2000 |
Oct-28-06 01:10 AM |
#133 |
| -
Social Security is an insurance policy, not an investment portfolio |
Selatius |
Oct-26-06 09:48 PM |
#2 |
| -
Agreed |
IndyBob |
Oct-26-06 09:58 PM |
#19 |
| -
And doesn't even take the devaluation of the dollar into account. |
greyhound1966 |
Oct-27-06 11:52 AM |
#93 |
| -
Agree. Consider This. What If You Are In An Accident, |
loindelrio |
Oct-26-06 10:48 PM |
#39 |
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Aren`t those private retirement accounts called IRA`s |
focusfan |
Oct-27-06 07:32 AM |
#74 |
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(Short essay response) I think there should be a combination... |
originalpckelly |
Oct-26-06 11:03 PM |
#47 |
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Remove the cap, eliminate the problem. n/t |
greyhound1966 |
Oct-27-06 12:18 PM |
#98 |
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Yes, greyhound, the ONE solution that the financial columnists |
Lydia Leftcoast |
Oct-27-06 12:45 PM |
#104 |
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Amazing that so many "experts" seem to always overlook this one, isn't it? |
greyhound1966 |
Oct-27-06 01:36 PM |
#116 |
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Sort of like the way health "experts" think of everything but |
Lydia Leftcoast |
Oct-27-06 01:40 PM |
#117 |
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The reason they don't mention it is because it wouldn't work. |
TahitiNut |
Oct-27-06 10:50 PM |
#131 |
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The answer to your essay is simple: Raise the FICA cap or eliminate it. |
Selatius |
Oct-27-06 09:16 PM |
#128 |
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Nope. See my post above. |
TahitiNut |
Oct-27-06 10:53 PM |
#132 |
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Many people in my generation are going to learn the hard way |
bleedingheart |
Oct-27-06 11:14 AM |
#86 |
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Definitely Agreed. n/t |
Megahurtz |
Oct-27-06 02:14 PM |
#121 |
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First, social security is not an investment. It's INSURANCE. |
Warpy |
Oct-26-06 09:51 PM |
#3 |
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He will probably get much more back than he put in. Check his |
SharonAnn |
Oct-26-06 09:52 PM |
#4 |
| -
because,. |
cyclezealot |
Oct-26-06 09:52 PM |
#5 |
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to corporate america, individual insecurity=profit |
lumberjack_jeff |
Oct-26-06 09:57 PM |
#17 |
| -
Even Bush has admitted that privatizing Social Security |
ck4829 |
Oct-26-06 09:52 PM |
#6 |
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SS is not a retirement plan |
mitchtv |
Oct-26-06 09:52 PM |
#7 |
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and so you would like to push your idea of whats fair off on everyone else, huh |
madokie |
Oct-26-06 09:53 PM |
#8 |
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Private companies without oversight.... |
madfloridian |
Oct-26-06 09:54 PM |
#9 |
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I can see the other side of the argument |
TheFarseer |
Oct-26-06 09:54 PM |
#10 |
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Fish on. |
lumberjack_jeff |
Oct-26-06 09:54 PM |
#11 |
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I actually pay 15% 12.4% is for SS |
puffthemagicdragon |
Oct-26-06 11:00 PM |
#45 |
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oops, its actually up to 15.3% now |
puffthemagicdragon |
Oct-26-06 11:07 PM |
#49 |
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And you get to deduct half of that amount on your 1040 or whatever form |
havocmom |
Oct-27-06 01:01 AM |
#64 |
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First of all, you have to understand |
SheilaT |
Oct-26-06 09:55 PM |
#12 |
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my dad |
puffthemagicdragon |
Oct-26-06 09:59 PM |
#22 |
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Except his SS |
SheilaT |
Oct-26-06 11:02 PM |
#46 |
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His property and investment income should have no bearing on his SS |
Lydia Leftcoast |
Oct-27-06 12:57 PM |
#108 |
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Do some research before you post this stuff |
LostinVA |
Oct-27-06 01:41 PM |
#119 |
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If this was not a pay as you go |
TheFarseer |
Oct-26-06 10:05 PM |
#24 |
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The government owes workers $1.8 trillion |
lumberjack_jeff |
Oct-26-06 10:26 PM |
#32 |
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there may not be a stock market by then |
savemefromdumbya |
Oct-26-06 09:55 PM |
#13 |
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My opinion has to do with how secure it would be - |
pinkpops |
Oct-26-06 09:56 PM |
#14 |
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thanks for all the responses |
puffthemagicdragon |
Oct-26-06 09:56 PM |
#15 |
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Read the whole story |
lumberjack_jeff |
Oct-26-06 10:06 PM |
#25 |
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Sounds like you need to pull yourself up by your bootstraps |
me b zola |
Oct-27-06 01:41 AM |
#67 |
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Probably the same place I've heard it |
BeachBuckeye |
Oct-27-06 01:22 PM |
#111 |
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Stop reading the financial "news", they are lying to you in order to |
greyhound1966 |
Oct-27-06 12:30 PM |
#101 |
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I'm self-employed, too, and I know how tough it can be |
Lydia Leftcoast |
Oct-27-06 01:14 PM |
#109 |
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If you plan on making those type of big bucks... |
kentuck |
Oct-26-06 09:56 PM |
#16 |
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A couple of points |
ACK |
Oct-26-06 09:57 PM |
#18 |
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Do some research on England and their attempt to privatize |
MadMaddie |
Oct-26-06 09:58 PM |
#20 |
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It was in the news when I was over there this past August |
Lydia Leftcoast |
Oct-27-06 01:15 PM |
#110 |
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I saw a news segment on it last year...it was very |
MadMaddie |
Oct-27-06 08:47 PM |
#127 |
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its entirely a scam to allow some connected companies skim a portion of |
bullimiami |
Oct-26-06 09:58 PM |
#21 |
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Here are several reasons. |
FloridaPat |
Oct-26-06 10:01 PM |
#23 |
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Given that many companies are not going to pay their employees |
muntrv |
Oct-26-06 10:09 PM |
#26 |
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Because it takes the 'security' out! |
boolean |
Oct-26-06 10:10 PM |
#27 |
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Go ahead and put all your spare change in the market. |
realpolitik |
Oct-26-06 10:11 PM |
#28 |
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The one who stands to benefit if SS is privatized |
Demobrat |
Oct-26-06 10:15 PM |
#29 |
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Don't forget, Social Security isn't only for seniors...... |
smokey nj |
Oct-26-06 10:18 PM |
#30 |
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Besides what Selatius says above, which is absolutely correct, ... |
TahitiNut |
Oct-26-06 10:25 PM |
#31 |
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(Sometimes I don't know why I fucking bother.) |
TahitiNut |
Oct-27-06 12:04 AM |
#52 |
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Sometimes, people don't respond... |
lumberjack_jeff |
Oct-27-06 09:41 AM |
#78 |
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Pretty Charts Just Confuse Me ... |
Crisco |
Oct-27-06 10:50 AM |
#80 |
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They will if you say they do. |
TahitiNut |
Oct-27-06 11:05 AM |
#83 |
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You'll Love This |
Crisco |
Oct-27-06 11:08 AM |
#84 |
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I can't type that much. |
TahitiNut |
Oct-27-06 11:10 AM |
#85 |
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Me too! Lol! n/t |
Megahurtz |
Oct-27-06 02:26 PM |
#123 |
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I loved the charts too! |
puffthemagicdragon |
Oct-27-06 11:44 AM |
#91 |
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thanks for the charts and the research/posting. |
uppityperson |
Oct-27-06 12:20 PM |
#99 |
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Think Enron |
housewolf |
Oct-26-06 10:31 PM |
#33 |
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EXACTLY. nt |
Red Right and BLUE |
Oct-26-06 10:51 PM |
#41 |
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Most people don't get any education on how to |
HereSince1628 |
Oct-26-06 10:31 PM |
#34 |
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I Suspect the Smarter Minds On Wall St Don't Want SS Investment Accounts |
Crisco |
Oct-26-06 11:04 PM |
#48 |
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what will happen to the stockmarket as the babyboomers retire? |
flaminbats |
Oct-26-06 10:36 PM |
#35 |
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this is what I lay awake thinking about |
puffthemagicdragon |
Oct-26-06 10:49 PM |
#40 |
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A few simple things. |
bperci108 |
Oct-27-06 12:06 AM |
#53 |
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All of the post have made excellent points but I think 1 has been missed |
left is right |
Oct-26-06 10:38 PM |
#36 |
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Many of the current programs allow pre-tax dollars for incentive... |
HereSince1628 |
Oct-27-06 08:31 AM |
#77 |
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In the first place it doesn't work. |
Cleita |
Oct-26-06 10:43 PM |
#37 |
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It's bad because the GOP is for it |
kingofalldems |
Oct-26-06 10:44 PM |
#38 |
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Is my pizza burning? |
Red Right and BLUE |
Oct-26-06 10:52 PM |
#42 |
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Do you want another Enron? |
judaspriestess |
Oct-26-06 10:55 PM |
#43 |
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If it were private it would not be Social Security.... |
whistle |
Oct-26-06 10:56 PM |
#44 |
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Why is turning over SS to Wall Street crooks bad, you ask? |
skids |
Oct-26-06 11:15 PM |
#50 |
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Social Security Insurance is NOT broken. |
TheGoldenRule |
Oct-27-06 12:04 AM |
#51 |
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yes, I guess that is it, he retired early |
puffthemagicdragon |
Oct-27-06 12:54 AM |
#61 |
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You can't retire at 61 |
sandnsea |
Oct-27-06 01:47 AM |
#69 |
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Deleted message |
Name removed |
Oct-27-06 12:07 AM |
#54 |
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The more things change... |
bookman |
Oct-27-06 12:15 AM |
#55 |
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i'd want my money to go to they such as Warren Buffet, but i don't... |
bridgit |
Oct-27-06 12:17 AM |
#56 |
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From your paycheck to a CEO's pocket. No waiting. |
Porcupine |
Oct-27-06 12:20 AM |
#57 |
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Privatization is a right wing lie. |
porphyrian |
Oct-27-06 12:22 AM |
#58 |
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puffthemagicdragon? |
havocmom |
Oct-27-06 12:33 AM |
#59 |
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a cartoon from the 80's? |
puffthemagicdragon |
Oct-27-06 12:55 AM |
#62 |
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LOL |
havocmom |
Oct-27-06 12:59 AM |
#63 |
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I fully understand the meaning of Puff |
puffthemagicdragon |
Oct-27-06 01:32 AM |
#65 |
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Fully understand? |
havocmom |
Oct-27-06 01:39 AM |
#66 |
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not sure what is funny |
puffthemagicdragon |
Oct-27-06 01:41 AM |
#68 |
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because private companies go bankrupt |
pitohui |
Oct-27-06 12:50 AM |
#60 |
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kick! |
Viva_La_Revolution |
Oct-27-06 01:49 AM |
#70 |
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Thanks again, I have learned a lot |
puffthemagicdragon |
Oct-27-06 02:11 AM |
#71 |
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Most are getting squeezed now... |
Sir Jeffrey |
Oct-27-06 11:22 AM |
#87 |
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Thank you Thank you finally |
puffthemagicdragon |
Oct-27-06 11:40 AM |
#90 |
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No prob... |
Sir Jeffrey |
Oct-27-06 11:51 AM |
#92 |
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I love her! Generation Debt is a great book!! for Xrs and Y's |
puffthemagicdragon |
Oct-27-06 11:58 AM |
#95 |
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You sound like me: a worrywart... |
Sir Jeffrey |
Oct-27-06 12:15 PM |
#96 |
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I could be your parent, but am concerned also |
uppityperson |
Oct-27-06 12:24 PM |
#100 |
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What about the word "Social" don't you understand? |
WinkyDink |
Oct-27-06 02:12 AM |
#72 |
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start talking to your dad over the next 5 years... |
cap |
Oct-27-06 05:48 AM |
#73 |
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you dont get it - he makes TOO MUCH |
puffthemagicdragon |
Oct-27-06 10:48 AM |
#79 |
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Okay, to retire at 61 he has to be on disability |
Lydia Leftcoast |
Oct-27-06 01:23 PM |
#112 |
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Would you take all the money you saved for retirement to Las Vegas? |
NNN0LHI |
Oct-27-06 07:39 AM |
#75 |
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SS is not retirement - I've been a SS recipient |
SCDem |
Oct-27-06 07:43 AM |
#76 |
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Who would you rather have investing your S.S. money? |
NewJeffCT |
Oct-27-06 10:56 AM |
#81 |
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I haven't paid into SS for three years now. |
ileus |
Oct-27-06 11:00 AM |
#82 |
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So either you're not working or you're living overseas or |
Lydia Leftcoast |
Oct-27-06 01:25 PM |
#114 |
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What happens when the stock market crashes? |
Beelzebud |
Oct-27-06 11:23 AM |
#88 |
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Because corporatization will mean extra stress on the system... |
Orsino |
Oct-27-06 11:29 AM |
#89 |
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You Grossly Misunderstand The System |
ProfessorGAC |
Oct-27-06 11:57 AM |
#94 |
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Harsh reality. |
greyhound1966 |
Oct-27-06 12:16 PM |
#97 |
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IRA's, 401k's, and social security are all good programs. |
lumberjack_jeff |
Oct-27-06 12:41 PM |
#102 |
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If they were, as advertised, voluntary and we were free to direct them, |
greyhound1966 |
Oct-27-06 01:31 PM |
#115 |
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You can invest an IRA in real estate. |
lumberjack_jeff |
Oct-27-06 03:29 PM |
#124 |
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If you want to secure your retirement to a level you want to have |
RGBolen |
Oct-27-06 12:47 PM |
#105 |
| -
You need to understand Wealth building |
ItNerd4life |
Oct-27-06 12:50 PM |
#106 |
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Understand one thing: |
Lydia Leftcoast |
Oct-27-06 12:53 PM |
#107 |
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To put it simply |
mvd |
Oct-27-06 01:24 PM |
#113 |
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They say they say they say |
LostinVA |
Oct-27-06 01:40 PM |
#118 |
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Are you fucking serious? |
Megahurtz |
Oct-27-06 02:12 PM |
#120 |
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we need a big pool of shared cash to make sure everybody has a chance |
librechik |
Oct-27-06 02:26 PM |
#122 |
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Is there a need to add "I am a young democrat..."? |
brentspeak |
Oct-27-06 04:01 PM |
#125 |
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Thought that I'd just put my two-cents in .... |
joeygirl |
Oct-27-06 05:31 PM |
#126 |
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Let's pick apart the proposal that the Republicanites are putting forth |
Lydia Leftcoast |
Oct-27-06 10:01 PM |
#129 |
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If I sank my SS into Enron, I'd have nothing. |
mdmc |
Oct-27-06 10:04 PM |
#130 |
| -
If only it was that simple |
Mr_Spock |
Oct-28-06 01:18 AM |
#134 |
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