View Poll Results: Would You Take 77 Cents For Every Dollar Social Security Owes You?

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  • Yes

    5 26.32%
  • No

    14 73.68%
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Thread: Would You Take 77 Cents For Every Dollar Social Security Owes You?

  1. #1
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    Would You Take 77 Cents For Every Dollar Social Security Owes You?

    The question is based off of an Alex Pollock article at Real Clear Markets.

    Would You Take 77 Cents For Every Dollar Social Security Owes You? | RealClearMarkets


    For those who choose to settle at a discount, the execution would work like this. From the time of the decision on, every payday the 6.2% deduction from your paycheck, instead of disappearing into the maw of the insolvent Social Security program, would directly buy from the Treasury an equivalent amount of actual Treasury bonds, preferably inflation-indexed ones, which would be automatically deposited in your IRA. You now would have assets you truly own, which you could hold or sell to reinvest in your IRA at your option. In exchange, you would give up future scheduled Social Security benefits in the amount of the bond purchase divided by 0.77. This is the same saying that you would be paid in bonds 77% of the reduction in your scheduled future benefits.
    So would you do it?
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


  2. #2
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    Re: Would You Take 77 Cents For Every Dollar Social Security Owes You?

    Quote Originally Posted by Ockham View Post
    The question is based off of an Alex Pollock article at Real Clear Markets.

    Would You Take 77 Cents For Every Dollar Social Security Owes You? | RealClearMarkets

    So would you do it?
    Yeah. In a heartbeat.

    But when I answer that, I also take into account my other financial and tax factors, which are very different from most 26-year-old Americans.

    If I were more representative, I'd have to think on it. But I'd probably still do it, like, 10 years from now, if the current trajectory were to continue.

  3. #3
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    Re: Would You Take 77 Cents For Every Dollar Social Security Owes You?

    Bird in the hand is better than 2 in the bush.

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    Re: Would You Take 77 Cents For Every Dollar Social Security Owes You?

    Quote Originally Posted by Ockham View Post
    The question is based off of an Alex Pollock article at Real Clear Markets.

    Would You Take 77 Cents For Every Dollar Social Security Owes You? | RealClearMarkets




    So would you do it?
    Divide by .77? Oh HELL YEAH!!! Heck, if they're going to do that then I'll let them divide by .23 and they can keep the rest!

  5. #5
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    Re: Would You Take 77 Cents For Every Dollar Social Security Owes You?

    Yes.


    Because like pensions, it's gonna be a deal that eventually gets reneged on.
    "Half full or half empty doesn't matter. What matters is, you've only got half a glass...so what are you going to do about it?" - Me
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    Re: Would You Take 77 Cents For Every Dollar Social Security Owes You?

    This sounds interesting on the financial side, but what about medical?

    Will the medical insurance aspect remain intact?

    What about disability benefits?

    The 'Social Security' package encompasses an umbrella network of benefits - not just a retirement check.
    "When fascism comes to America, it will be wrapped in the flag and carrying a cross." - Sinclair Lewis

    The 10 Commandments of Logic - (Courtesy of Abbazorkzog Blog)

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    Re: Would You Take 77 Cents For Every Dollar Social Security Owes You?

    no. pay me what i was promised. if there isn't enough money, raise taxes, and end the wars.

  8. #8
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    Re: Would You Take 77 Cents For Every Dollar Social Security Owes You?

    Quote Originally Posted by Helix View Post
    no. pay me what i was promised. if there isn't enough money, raise taxes, and end the wars.
    You weren't exactly promised anything. Hell I'd actually be happy to get back what I've paid in.

  9. #9
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    Re: Would You Take 77 Cents For Every Dollar Social Security Owes You?

    Social Security tax will have to be raised because the money was never invested. This time around invest in gold, silver, bonds, and the stock market. Had we done this in the beginning most financial experts say the 2.5 trillion surplus would be as much as 100 times as high. Through much of the history of Social Security our surpluses would have doubled every 5 to 7 years. Social Security would be the largest owner of gold, silver, stocks, and bonds in the world. There would be no second place. Everyone in this country could retire comfortably.

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    Re: Would You Take 77 Cents For Every Dollar Social Security Owes You?

    Quote Originally Posted by Helix View Post
    no. pay me what i was promised. if there isn't enough money, raise taxes, and end the wars.
    When did the government promise you anything?

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