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Thread: Florida GOP sweats over Social Security

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    Re: Florida GOP sweats over Social Security

    Quote Originally Posted by liblady
    no, people are kept out of poverty. we all win. and increasing the cap should NOT result in higher benefits.
    YOU CANNOT ELIMINATE POVERTY! God...

    Well, I guess you can - if you're a socialist/syndicalist. Are you?

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    Re: Florida GOP sweats over Social Security

    Quote Originally Posted by Gipper View Post
    YOU CANNOT ELIMINATE POVERTY! God...

    Well, I guess you can - if you're a socialist/syndicalist. Are you?
    stop screaming at me....i know it can't be eliminated. it can, however, be ameliorated.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: Florida GOP sweats over Social Security

    Quote Originally Posted by Gipper View Post
    I imagine it would, but it's not a situation where you get back what you put in, meaning Big Gub still comes out on the winning side.
    What are you talking about? Do you honestly believe people get short-shrifted?

    Example: Tom and his employer have paid $115,000 into the Social Security System. He receives $1800 a month. He's 65 years old. In 5 years 4 months he will have received every dime contributed on his behalf. His life expectancy is 18.4 years. Assuming he lives to his life expectancy, he will receive $337,440 in benefits and have virtually free healthcare each and every year.

    Big Gub comes out on the winning side? No. Taxpayers get screwed. Nobody wins.
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    Re: Florida GOP sweats over Social Security

    Quote Originally Posted by MaggieD
    What are you talking about? Do you honestly believe people get short-shrifted?

    Example: Tom and his employer have paid $115,000 into the Social Security System. He receives $1800 a month. He's 65 years old. In 5 years 4 months he will have received every dime contributed on his behalf. His life expectancy is 18.4 years. Assuming he lives to his life expectancy, he will receive $337,440 in benefits and have virtually free healthcare each and every year.

    Big Gub comes out on the winning side? No. Taxpayers get screwed. Nobody wins.
    With the modified rate of return given Social Security, you'd be better off putting it in a low-interest savings account and leaving it to rot, let alone any sort of rational investment.

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    Re: Florida GOP sweats over Social Security

    Quote Originally Posted by liblady
    stop screaming at me....i know it can't be eliminated. it can, however, be ameliorated.
    I'm an inch away from rehashing the statistics on what necessities and luxuries are afforded to those in "poverty". Yeah, they're doing okay for themselves.

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    Re: Florida GOP sweats over Social Security

    Quote Originally Posted by Gipper View Post
    YOU CANNOT ELIMINATE POVERTY! God...

    Well, I guess you can - if you're a socialist/syndicalist. Are you?
    So you're from the "Let them eat cake" school.

    Good to know.
    Anyone wondering what I'm talking about start here:
    The Psychology of Persuasion

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    Re: Florida GOP sweats over Social Security

    Quote Originally Posted by Born Free View Post
    Does popping the cap on upper level income earners mean they get more benefits?
    NO. The benefit levels would be frozen where they are today plus inflation.

    This is where half the name of the program comes into play. It is not an Individual Retirement Account or IRA meaning that what you put in is what you get out. Social Security is a societal wide program to benefit society as well as the individual enrolled into it. Thus the name SOCIAL as half of it. The rich may not get any additional income benefits from higher contributions but they gain tremendously in being able to live in a sustainable and hopefully prosperous society where Americans can live in dignity. That is a tremendous benefit to the wealthy.
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    Re: Florida GOP sweats over Social Security

    Quote Originally Posted by haymarket View Post
    NO. The benefit levels would be frozen where they are today plus inflation.

    This is where half the name of the program comes into play. It is not an Individual Retirement Account or IRA meaning that what you put in is what you get out. Social Security is a societal wide program to benefit society as well as the individual enrolled into it. Thus the name SOCIAL as half of it. The rich may not get any additional income benefits from higher contributions but they gain tremendously in being able to live in a sustainable and hopefully prosperous society where Americans can live in dignity. That is a tremendous benefit to the wealthy.
    Now if a person never worked thus never put a dime into SS, what SS benefits do they get.
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    Re: Florida GOP sweats over Social Security

    Quote Originally Posted by What if...? View Post
    So you're from the "Let them eat cake" school.

    Good to know.
    Yes, because for many that's all they want is to eat cake. Thus you will never get rid of poverty. Remember the old saying, "you can lead a horse to water but you can't make him drink".
    Liberals - Punish the Successful, Reward the Unsuccessful
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    Re: Florida GOP sweats over Social Security

    Quote Originally Posted by Gipper View Post
    With the modified rate of return given Social Security, you'd be better off putting it in a low-interest savings account and leaving it to rot, let alone any sort of rational investment.
    You're opinion doesn't wash. The $115,000 contributed on Tom's behalf over his 40-year working career would buy a monthly annuitized payment of $1164 at 4% interest. If you're saying that SS funds should be invested in the stock market, that's absurd. Look at our public pensions. Huge mess because of stock market losses. 'Bout the onlly thing I could think of that SS funds could be invested in would be US bonds.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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