View Poll Results: Should SSI Retirement Be Set At 70?

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  • Yes

    14 29.17%
  • No

    28 58.33%
  • Maybe (explain)

    6 12.50%
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Thread: Should Retirement Age Be Raised to 70?

  1. #71
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    Re: Should Retirement Age Be Raised to 70?

    Quote Originally Posted by samsmart View Post
    What I would rather happen is that the money that people pay into SS actually go into it instead of being turned into T-bills. If the Republicans and Democrats would just use the money paid into Social Security for Social Security payouts instead of paying for other government programs, we wouldn't have to raise the retirement age.
    I discovered that at it's inception SS payments were in fact ring fenced so that they were not available to be used for other purposes, which I suppose leads to a cogent question, who removed this ring fence from around SS payments.

  2. #72
    Advisor Johnny's Avatar
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    Re: Should Retirement Age Be Raised to 70?

    Quote Originally Posted by TacticalEvilDan View Post
    Government isn't about justice.


    I know. I know.
    “The means of defense against foreign danger historically have become the instruments of tyranny at home."
    -James Madison

  3. #73
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    Re: Should Retirement Age Be Raised to 70?

    Quote Originally Posted by Korimyr the Rat View Post
    Yes, the retirement age needs to be raised, at least to 70, and we need to start having many more children.
    Regretably the Birth rate among US citizens is in decline, which I suppose is one reason for allowing immigration.

  4. #74
    Advisor Johnny's Avatar
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    Re: Should Retirement Age Be Raised to 70?

    Actually federal income tax, SS, etc were put in place to secure the flow of profit for the federal reserve. The money for government service comes from new loans from the Fed Reserve. The Fed loans money at intrest to the government and the cycle continues.
    “The means of defense against foreign danger historically have become the instruments of tyranny at home."
    -James Madison

  5. #75
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    Re: Should Retirement Age Be Raised to 70?

    Quote Originally Posted by TacticalEvilDan View Post
    I voted "no," because I've got a better idea.

    In the interest of having a little honesty in our government, let's tell everybody under a particular age (say 50, for example), "Sorry, but you're never going to see a dime."

    Once the last qualified recipient is dead, we give everybody the option of either keeping that portion of their weekly tax burden (which would be taxable income like something else) or sending it to an investment fund to be forever tax-free.

    It's not the best solution, but our government is too broken to do any better than that.
    Nice idea, only one failing, how do you keep a future Government from deciding that the pensions pot should be for ALL the people.
    Please do not tell me that this cannot happen in a Democracy, for I would tell you it already has, although rather than actually steal the pot, the government concerned taxed the pot to exhaution.

  6. #76
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    Re: Should Retirement Age Be Raised to 70?

    Quote Originally Posted by Johnny View Post
    In that case it's unjust. Why should somebody have to pay for someone else's retirement?
    You have to look at it as insurance. You are paying into it so that you can pay your bills after you retire and if you don't make it that long, you don't collect.

    My suggestion was to make it even more like insurance -- insurance against being poor. If you retire and you have millions in the bank, you don't collect but if you're poor, you do.

  7. #77
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    Re: Should Retirement Age Be Raised to 70?

    Quote Originally Posted by jujuman13 View Post
    Nice idea, only one failing, how do you keep a future Government from deciding that the pensions pot should be for ALL the people.
    Please do not tell me that this cannot happen in a Democracy, for I would tell you it already has, although rather than actually steal the pot, the government concerned taxed the pot to exhaution.

    Civics 101, any act of Congress can be turned on its ear by another act of Congress.

    You could also be struck by lightning, hit with a stray bullet, blown up by a mad bomber, raped by flying monkeys and any of a host of other misfortunes over which you have just as much control.


    TED,
    Said "better," not "perfect."
    I'm already gearing up for Finger Vote 2014.

    Just for reference, means my post was a giant steaming pile of sarcasm.

  8. #78
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    Re: Should Retirement Age Be Raised to 70?

    A better solution; take it away Ron Paul !!!
    'The whole universe is going to die!'

  9. #79
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    Re: Should Retirement Age Be Raised to 70?

    Oh wait; let’s raise it every 6 months: 70, 80, and 90, forever.
    'The whole universe is going to die!'

  10. #80
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    Re: Should Retirement Age Be Raised to 70?

    Quote Originally Posted by peepnklown View Post
    A better solution; take it away Ron Paul !!!


    Ron Paul is the voice of reason on the hill! A very wise man he is.
    “The means of defense against foreign danger historically have become the instruments of tyranny at home."
    -James Madison

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