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

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

    Quote Originally Posted by UtahBill View Post
    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...
    I will never knock you for having more than one house, honestly we have more than one as well. I am just of the opinion that the whole concept that the "rich can foot the bill" for basically everything this country wants to enact is ridiculous.

    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...
    I am torn on this, I am preparing as if I will never get it, but at the same time I think if I pay into it my whole life, I ought to get something back.

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

    Quote Originally Posted by NolaMan View Post
    I will never knock you for having more than one house, honestly we have more than one as well. I am just of the opinion that the whole concept that the "rich can foot the bill" for basically everything this country wants to enact is ridiculous.



    I am torn on this, I am preparing as if I will never get it, but at the same time I think if I pay into it my whole life, I ought to get something back.
    The rich will never be able to foot the whole bill, true, but they can do more without suffering at all. The rest of us may have to learn a new American Dream, one that is based more on quality of life instead of quantity of stuff....
    They say we spend most of our lives accumulating stuff, and the latter years of our lives getting rid of it....maybe we can learn to live on less up front.
    The only reason we built such a big house in Utah is so we could sell it to a large family someday. You know what I mean, to a Mormon or Catholic family.

    Most of our assets will go to educating the grandkids. It is the least we can do for being Republicans, the party that borrows against our grandchildren's futures...
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    Re: Social Security Payouts Are Already Crippling The Government This Year

    Social Security Payouts Are Already Crippling The Government This Year
    And, PBO wants to cut off the single biggest source of non-tax revenue that the Federal government has? Can anyone explain how that make sense?

    Who are the eggheads that voted for these mother****ers?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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

    Quote Originally Posted by UtahBill View Post
    The rich will never be able to foot the whole bill, true, but they can do more without suffering at all. The rest of us may have to learn a new American Dream, one that is based more on quality of life instead of quantity of stuff....
    They say we spend most of our lives accumulating stuff, and the latter years of our lives getting rid of it....maybe we can learn to live on less up front.
    The only reason we built such a big house in Utah is so we could sell it to a large family someday. You know what I mean, to a Mormon or Catholic family.
    I think that it is a little ridiculous to argue that since the rich won't be hurt as much by a higher tax rate that it somehow means we ought to tax them higher. It is still money that they worked hard to earn, the same as someone out making minimum wage.

    Most of our assets will go to educating the grandkids. It is the least we can do for being Republicans, the party that borrows against our grandchildren's futures...
    It seems both parties lately are hell bent on spending us into oblivion.

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

    Quote Originally Posted by UtahBill View Post
    The rich will never be able to foot the whole bill, true, but they can do more without suffering at all. The rest of us may have to learn a new American Dream, one that is based more on quality of life instead of quantity of stuff....
    FWIW, there are those who might say the same while referring to households such as yours. The only difference between that person and you is that you set the threshold for "rich" at some point higher than they do.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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

    Quote Originally Posted by RightinNYC View Post
    FWIW, there are those who might say the same while referring to households such as yours. The only difference between that person and you is that you set the threshold for "rich" at some point higher than they do.
    Yes, and they have made comments, like "man you sure are lucky" from a guy who couldn't keep a job because he made similar stupid statements at work. Another, a teacher, said he couldn't afford to live well on his salary, so I told him to apply at the INEL site where I worked. His response, "but I would have to ride a bus to and from work and that's an extra 2 hours a day out of my life".
    I know poor people who will stay poor because they are not smart, related to quite a few of them, but people who won't sacrifice a little time now for a better future, that is just plain self defeating.
    I can't feel sorry for them..
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    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by NolaMan View Post
    I think that it is a little ridiculous to argue that since the rich won't be hurt as much by a higher tax rate that it somehow means we ought to tax them higher. It is still money that they worked hard to earn, the same as someone out making minimum wage.



    It seems both parties lately are hell bent on spending us into oblivion.
    Agree on the "both parties" comment....but not so much the "rich". When I say rich, I am mostly referring to the mullti millionaires who never broke a sweat at "work" managing the assets of others.
    The easiest job ever has to be finanical advisor, they get an annual percentage of your money even when they lose money for you.
    I didn't vote for Obama last time, but if he goes after the criminal element on Wall Street like we should, I will vote for him next time. I believe that Bernie Madoff is just the tip of a very dirty iceberg....
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    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by UtahBill View Post
    Agree on the "both parties" comment....but not so much the "rich". When I say rich, I am mostly referring to the mullti millionaires who never broke a sweat at "work" managing the assets of others.
    The easiest job ever has to be finanical advisor, they get an annual percentage of your money even when they lose money for you.
    Yea, but they also lose a ton of their clients when they lose money for you, putting them out of a job.

    I didn't vote for Obama last time, but if he goes after the criminal element on Wall Street like we should, I will vote for him next time. I believe that Bernie Madoff is just the tip of a very dirty iceberg....
    Bernie Madoff is not the typical "financial advisor."

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

    Quote Originally Posted by NolaMan View Post
    I think that it is a little ridiculous to argue that since the rich won't be hurt as much by a higher tax rate that it somehow means we ought to tax them higher. It is still money that they worked hard to earn, the same as someone out making minimum wage.
    What bothers me most by what you just said there is how so few people actually understand or appreciate how money flows through a society and/or economy. (I'm not directing this at you,... you just opened an old wound)

    I want to shake them and ask them "THINK" where do rich people get their money?

    Answer; (I usually have to answer for them) They get it from YOU and ME.

    They make money off your labor if you work for them.

    They make money off their products by buying low and marking them up and selling them for more than they paid. etc.

    Guess who buys those products. YOU do and I do.

    So, if you tax a rich guy,... guess where the money HAS to come from.

    YOU.

    And ME.

    The same place the government gets all ITS money from.

    "Do people really think rich people get rich by taking it in the shorts every time the ****ing government needs more money?"

    Arrrrrggggghhhhh!
    Last edited by Chuz Life; 06-11-10 at 10:59 PM.

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

    Quote Originally Posted by UtahBill View Post
    Yes, and they have made comments, like "man you sure are lucky" from a guy who couldn't keep a job because he made similar stupid statements at work. Another, a teacher, said he couldn't afford to live well on his salary, so I told him to apply at the INEL site where I worked. His response, "but I would have to ride a bus to and from work and that's an extra 2 hours a day out of my life".
    I know poor people who will stay poor because they are not smart, related to quite a few of them, but people who won't sacrifice a little time now for a better future, that is just plain self defeating.
    I can't feel sorry for them..
    My point was that there are people who might look at you and your situation and say that you haven't paid your fair share in taxes, much like you look at others and say the same thing. I presume that you would think the people criticizing you are wrong, so what makes your criticism more right?

    Everyone agrees that the "rich" need to pay more in taxes, the problem is that everyone defines "rich" as someone making more than themselves.

    Quote Originally Posted by UtahBill View Post
    Agree on the "both parties" comment....but not so much the "rich". When I say rich, I am mostly referring to the mullti millionaires who never broke a sweat at "work" managing the assets of others.
    The easiest job ever has to be finanical advisor, they get an annual percentage of your money even when they lose money for you.
    I didn't vote for Obama last time, but if he goes after the criminal element on Wall Street like we should, I will vote for him next time. I believe that Bernie Madoff is just the tip of a very dirty iceberg....
    Where are you getting the idea that there are all these "financial advisors" out there making millions without doing any work? I know a dozen or so people on wall street. They were all toward the top of their class at good colleges, work 60-80 hour weeks, and earn between $65k and $120k, while living in NYC

    If there were really jobs out there that paid millions for no work, don't you think more people would be doing them? Hell, I know I would.

    Wall street has plenty of problems, but the idea that it's mostly criminals is just ridiculous.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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