Page 5 of 8 FirstFirst ... 34567 ... LastLast
Results 41 to 50 of 73

Thread: Social Security Payouts Are Already Crippling The Government This Year

  1. #41
    Sage
    UtahBill's Avatar
    Join Date
    Sep 2005
    Location
    Utah
    Last Seen
    12-03-17 @ 01:39 AM
    Gender
    Lean
    Moderate
    Posts
    17,687

    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by rivrrat View Post
    Don't have a house, don't want one. Already working on getting out of debt and will be in less than 2 yrs.
    Good for you.
    I would wish you luck, but you sound smart enough to make your own....
    Oracle of Utah
    Truth rings hollow in empty heads.

  2. #42
    Sage
    Renae's Avatar
    Join Date
    Aug 2007
    Location
    San Antonio Texas
    Last Seen
    10-23-17 @ 10:14 PM
    Gender
    Lean
    Undisclosed
    Posts
    38,972
    Blog Entries
    15

    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by UtahBill View Post
    As someone who gets about $1500 per month from SS, I thank all of those who still have jobs for contributing to my income. That being said, I am doubtful that my kids will get much from it, or the grandkids. So I will be using the money to help put our grandkids thru college. Between my SS, USNR retirement, and a piddling retirement from my employer, I get enough to pay most of our daily expenses that support 2 houses and 3 cars. THEN, there is my wife's SS, teacher retirement, and the severance pay she gets for retiring early. Her retirement is almost twice mine. We use her money for annual cruises, annual family vacation, paying income and property taxes. We are currently finishing our 1800 sq. ft. basement, paying cash for everything as we go.
    Also, I thank the American economy, when we had one, that allowed us to earn, save, invest for about 30 years so we can live well now. We had only $8K and a paid for 3 year old dodge dart in 1977.
    But you younger folk out there, I guess I have to feel sorry for you. We no longer have the economy we need to sustain the American dream, and you will be the ones to suffer.
    All except the very rich, tho. They won't suffer. You can tax a billlionaire at 70% of his income, and he still has billions in assets that are not taxed. The very rich love to see the middle class paying so much, as it means they can buy another villa in the south of France, a condo in Greece, a bigger yacht, and even fly in whores for his birthday party.
    What a load of hypocritical malarkey.


    You don't need two houses, 3 cars. You are NO BETTER then the "rich" you are slamming by your own admission. You leech off SS, and use your wife's retirement to live the good life. How are YOU Different then the Rich guy... oh wait, he's better cause he's using his own money, not other peoples. That's not the American Dream, YOU are a living example of why SS is a failed system.

    Good night, do you people read what you write??
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



  3. #43
    Banned
    Join Date
    Dec 2009
    Location
    Nun-ya-dang Bidness
    Last Seen
    02-19-11 @ 03:14 AM
    Gender
    Lean
    Very Conservative
    Posts
    3,981

    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by MrVicchio View Post
    What a load of hypocritical malarkey.


    You don't need two houses, 3 cars. You are NO BETTER then the "rich" you are slamming by your own admission. You leech off SS, and use your wife's retirement to live the good life. How are YOU Different then the Rich guy... oh wait, he's better cause he's using his own money, not other peoples. That's not the American Dream, YOU are a living example of why SS is a failed system.

    Good night, do you people read what you write??
    I think maybe he was being facetious, MrV.

  4. #44
    Sage
    UtahBill's Avatar
    Join Date
    Sep 2005
    Location
    Utah
    Last Seen
    12-03-17 @ 01:39 AM
    Gender
    Lean
    Moderate
    Posts
    17,687

    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by Chuz Life View Post
    I think maybe he was being facetious, MrV.
    Yes, and no.....it is all true, but it meant living well within our incomes for a long time, and saving and investing, and YES EVEN PAYING TAXES......
    We can all rant and rave about the govt "stealing our income" to "support the lazy", or whatever excuse we might have for not taking matters into our own hands. My parents were poor, my wife's parents were poor. Nearly all the nephews and nieces on my side are still poor, as well as poorly educated. The exact opposite occurs on my wife's side, nearly all are well educated and well employed. Want to guess why that is?

    I find it amusing that Mr. Very ConserVative tells me what I do or don't need. Sounds socialistic, eh?
    Last edited by UtahBill; 06-11-10 at 09:09 PM.
    Oracle of Utah
    Truth rings hollow in empty heads.

  5. #45
    Educator
    Join Date
    May 2010
    Last Seen
    02-04-15 @ 11:02 PM
    Lean
    Undisclosed
    Posts
    808

    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by UtahBill View Post
    All except the very rich, tho. They won't suffer. You can tax a billlionaire at 70% of his income, and he still has billions in assets that are not taxed. The very rich love to see the middle class paying so much, as it means they can buy another villa in the south of France, a condo in Greece, a bigger yacht, and even fly in whores for his birthday party.
    I take issue with this statement. Frankly, who the hell are you to tell anyone how they can spend the money that they earned? If they want another villa, they earned it afterall, they didn't come to you and demand a handout.

  6. #46
    Sage
    UtahBill's Avatar
    Join Date
    Sep 2005
    Location
    Utah
    Last Seen
    12-03-17 @ 01:39 AM
    Gender
    Lean
    Moderate
    Posts
    17,687

    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by NolaMan View Post
    I take issue with this statement. Frankly, who the hell are you to tell anyone how they can spend the money that they earned? If they want another villa, they earned it afterall, they didn't come to you and demand a handout.
    Where did I do that?
    Truth is, the very rich get that way by 2 paths, either invent something that the world wants, or "manage" the money of others. It is the latter that are more criminal than financier...
    It was the very rich that bought enough congressman to repeal the inheritance tax, something that did not affect 99% of Americans. Only the very rich benifit from that. But when it was being discussed, the senators and representatives found some poor farmer whose land had been in the family for generations and used that as bait for gullible Americans. Look at poor Mr. Farmer, he's going to lose the family farm! Well, it Mr. Farmer had converted the farm into a family business and incorporated its assets, he could have kept the farm in the family....but did any of our elected officials find a way to make that path easier for poor Mr. Farmer? No way, the big money wants "death taxes" gone....and they got what they want....
    The middle class is the one that loves being duped...
    Oracle of Utah
    Truth rings hollow in empty heads.

  7. #47
    Sage
    Renae's Avatar
    Join Date
    Aug 2007
    Location
    San Antonio Texas
    Last Seen
    10-23-17 @ 10:14 PM
    Gender
    Lean
    Undisclosed
    Posts
    38,972
    Blog Entries
    15

    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by UtahBill View Post

    I find it amusing that Mr. Very ConserVative tells me what I do or don't need. Sounds socialistic, eh?

    No...

    I made a MATTER OF FACT comment. You don't need those things, but you can afford them because the Gov't is giving you $$ and.,,, oh never mind, you'll never get it.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



  8. #48
    Educator
    Join Date
    May 2010
    Last Seen
    02-04-15 @ 11:02 PM
    Lean
    Undisclosed
    Posts
    808

    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by UtahBill View Post
    Where did I do that?
    Truth is, the very rich get that way by 2 paths, either invent something that the world wants, or "manage" the money of others. It is the latter that are more criminal than financier...
    Well, what is your cut off between "rich" and "very rich" exactly?

    It was the very rich that bought enough congressman to repeal the inheritance tax, something that did not affect 99% of Americans. Only the very rich benifit from that. But when it was being discussed, the senators and representatives found some poor farmer whose land had been in the family for generations and used that as bait for gullible Americans. Look at poor Mr. Farmer, he's going to lose the family farm! Well, it Mr. Farmer had converted the farm into a family business and incorporated its assets, he could have kept the farm in the family....but did any of our elected officials find a way to make that path easier for poor Mr. Farmer? No way, the big money wants "death taxes" gone....and they got what they want....
    The middle class is the one that loves being duped...
    It is just a simple fact (backed up by numerous studies) that the biggest group hurt by the death tax is small business. Putting that aside however, I am not sure why the government is entitled to basically all of a person's assets once they die?

    Not to mention, the "death tax" (if you are talking about HR 4154) only repeals the tax for a year, and then it comes back at a much higher rate in 2011, so it has not really been "eliminated."

    But look at it from an economic viewpoint, the Tax Policy Center estimates that at current rates only 0.2% of deaths trigger an estate tax. Additionally, this tax will raise around $14 billion in 2009. For full repeal however, the economic impact is estimated at:

    • Create 1.5 million jobs
    • Increase small business capital by over $1.6 trillion
    • Increase the probability of hiring by 8.6 percent
    • Increase payrolls by 2.6 percent
    • Expand investment by 3 percent

    However, at the time House Majority Leader Steny Hoyer (D-MD) argued, “Abolishing the estate tax would add billions and billions to our deficit — and while a small number of wealthy families would benefit, the growth of our economy as a whole would suffer.” The only people getting duped are the ones listening to him.

  9. #49
    Sage
    UtahBill's Avatar
    Join Date
    Sep 2005
    Location
    Utah
    Last Seen
    12-03-17 @ 01:39 AM
    Gender
    Lean
    Moderate
    Posts
    17,687

    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by MrVicchio View Post
    No...

    I made a MATTER OF FACT comment. You don't need those things, but you can afford them because the Gov't is giving you $$ and.,,, oh never mind, you'll never get it.
    You took the bait, how does it taste? Truth is, the govt isn't giving me anything. I earned my USNR retirement, something that is available to you, IIRC...
    Prior to 2 years ago, I wasn't getting SS. Prior to 4 years ago, I wasn't getting USNR retirement. Prior to 1 year ago, my wife wasn't getting SS. We both took it early, at age 62.
    But we had all the assets on hand to buy what we now have. We depleted all my IRA accounts, less a small amount that keeps getting smaller...and withdrew about a third of my wife's IRA to build the Utah house. Paid a LOT of taxes in the last 3 years, a LOT. About $180K over the 3 year period.

    We have always had taxes to pay, and never expected to "live" on SS. If you want a good retirement, you need to start planning when still young, and don't depend on SS being a major part of it. I could see that SS was in trouble 30 years ago....
    Oracle of Utah
    Truth rings hollow in empty heads.

  10. #50
    Sage
    UtahBill's Avatar
    Join Date
    Sep 2005
    Location
    Utah
    Last Seen
    12-03-17 @ 01:39 AM
    Gender
    Lean
    Moderate
    Posts
    17,687

    Re: Social Security Payouts Are Already Crippling The Government This Year

    Nolaman, I define rich by what material things I don't need, and what family things I have.

    The primary reason we have 2 houses is because we waited too long to put the AZ house on the market, so now we can't sell it, for what we want out of it. Now we have decided to keep it as our winter home.
    I feel rich with about $800K in property and IRA assets, and a bit over $100K in annual retirement income that we can't lose. Total debt is $40K. Cars are old, a 2000 Impala, 2002 Silverado, and a 1980 Diplomat coupe.
    Retirement is great. You don't have to fear losing a job if you don't need one...

    For all who are reading, forget about SS. Prepare for your retirement as tho it won't be there....
    Complaining about taxes is time wasted. Put your time to better use. Get more education, seek better employment. Pay down the mortgage, which should be your ONLY debt. Doesn't hurt to marry a smart person and get him/her to agree to a long term plan that leads to financial security...
    Guys, marry a teacher. They can hit the work force as soon as the youngest child starts first grade. AND, if you don't do it right the first time, she makes you do it over...
    Oracle of Utah
    Truth rings hollow in empty heads.

Page 5 of 8 FirstFirst ... 34567 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •