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RE: What the Corporate Scumbags Don't Tell You
March 6, 2011 at 6:13 am
(March 6, 2011 at 1:14 am)theVOID Wrote: People should be given their taxes back to save for their own retirements.
I dont think this is a workable idea.
My wife works but does earn enough to pay tax.
Under your scheme she would receive nothing if made unemployed which would mean we would have to get benefits from my taxes which would adversley effect us in the event that I was laid off. I am a public sector worker and the government wants to make 500.000 public sector workers redundent so it is quite likely.
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RE: What the Corporate Scumbags Don't Tell You
March 6, 2011 at 6:24 am
Social security =/= welfare, it is the name of a retirement scheme, you can only be paid social security once you reach 65, but it's a ponzy scheme, completely pay-as-you-go. The first generations get it easy because they had to pay taxes into the scheme but they didn't pay enough taxes to sustain themselves so the next generation would be paying taxes towards their pensions, that generation would have the next generation paying for them and so on and so forth. The problem is the number of retired and the cost of living keep increasing so the amount of money spent compared to being took in keeps dropping, now it's running a deficit, paying more out than they take in each year, the money that is in the system is soon going to run out and the people under the age of 65 at the time where all the funds are gone are going to see themselves with nothing left - If people are required to save their own money then each generation will have the means to provide for themselves despite not having to rely on the younger generations.
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RE: What the Corporate Scumbags Don't Tell You
March 6, 2011 at 7:29 am
Not everyone makes enough money to save for retirement. For some it all goes to survival (food, shelter, clothing).
Doing away with SS completely would leave many folks just out in the cold. I personally know 3 retired people who's entire source of income is SS. If it were not for that, they would have zero (0) income. Nothing, nada, ziltch.
There has to be a better way than just abolishing SS that wouldn't leave our poor elderly in the streets when they become to old to work any longer.
I used to tell a lot of religious jokes. Not any more, I'm a registered sects offender.
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RE: What the Corporate Scumbags Don't Tell You
March 6, 2011 at 7:57 am
(March 6, 2011 at 7:29 am)Dotard Wrote: Not everyone makes enough money to save for retirement. For some it all goes to survival (food, shelter, clothing).
Give them back their taxes and they can, combine that with keeping inflation under control so their savings don't lose purchasing power and if you can save $100 a week you'll have $200,000+ before interest. People who earn more can easily save much more than that. Plus giving tax breaks to elderly people, such as removing sales tax for them, would make their money go even further.
Quote:Doing away with SS completely would leave many folks just out in the cold. I personally know 3 retired people who's entire source of income is SS. If it were not for that, they would have zero (0) income. Nothing, nada, ziltch.
There is a big difference between a system like SS that is mandatory for everyone and a system that would care for the destitute poor, plus if people were required to spend all of their savings before qualifying for this care then there would be much less need and much less to pay out and taxpayers wouldn't have to pay for the rich retirees who automatically qualify for payments, even if they are sitting on $10 million dollars or more.
Quote:There has to be a better way than just abolishing SS that wouldn't leave our poor elderly in the streets when they become to old to work any longer.
You're making a mistake by saying no social security == no welfare.
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RE: What the Corporate Scumbags Don't Tell You
March 6, 2011 at 8:56 am
(March 6, 2011 at 7:57 am)theVOID Wrote: Give them back their taxes and they can, combine that with keeping inflation under control so their savings don't lose purchasing power and if you can save $100 a week you'll have $200,000+ before interest. People who earn more can easily save much more than that. Plus giving tax breaks to elderly people, such as removing sales tax for them, would make their money go even further.
$100 a week?! If SS taxes were eliminated the people I'm talking about would save all of maybe $50 a week, maybe. At that rate after aprox. 38-40 years you would have about $100,000.
OH BOY! How long do you think that would last? MAYBE 4-5 years? Maybe.
And the people I'm talking about would have a huge problem saving that little $50. One car breakdown, BOOM there goes the savings. Damn! The roof is giving out on their home, SWIPE goes what's left of the 'retirement' savings. OH DAMN! Little johnny got sick? Wipe out the savings from now until the end of all time with that bill.
And do you really trust those hell-hounds of corporate america not to inflate prices of everything soon as they learn the American people got more money in the bank now? Sons-a-bitches find out people got more money in the banks they want it and will find a way to get it.
Quote:There is a big difference between a system like SS that is mandatory for everyone and a system that would care for the destitute poor, plus if people were required to spend all of their savings before qualifying for this care then there would be much less need and much less to pay out...
Agreed. If this system were in place when I hit 64 years old then it would be a simple 'hide the assets' or buy a car, new home, remodel the old home, wine, women and song. Next day, when I hit 65 years old, I go apply for some of that free social security money. [/quote]
Quote:and taxpayers wouldn't have to pay for the rich retirees who automatically qualify for payments, even if they are sitting on $10 million dollars or more.
Agree with this. Anyone who has ample retirement funds and/or income should NOT qualify for SS benefits. Tax them for it like anyone else, but no payments for them.
Before anyone starts in about how this is unfair to rich people, I don't use public transportation or public parks. Should I be given a 'refund' or not taxed for these things? I've never used a fire department, gimme that money back.
Quote:You're making a mistake by saying no social security == no welfare.
I'm too old to work and destitute. So I trot on down to my local welfare office and apply for benefits and, if I meet certain conditions, I get them. Yay!
That is the way SS ought to work now instead of handing it out to everyone over 65 whether they need it or not. I wholeheartedly agree with you, SS should be given only to those with the need for it and not given out to fukshits sitting on bloated bank accounts or million dollars a year incomes. It's just borked that our gummit hands out another $500 a month to fuks with a $200,000 a month incomes. If you ask me, taxing me to support that extra $500 a month for these pukes is just criminal.
I used to tell a lot of religious jokes. Not any more, I'm a registered sects offender.
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RE: What the Corporate Scumbags Don't Tell You
March 7, 2011 at 2:28 pm
"If an injury must be done to a man, it should be so severe that his vengeance need not be feared" - Niccolo Macchiavelli
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RE: What the Corporate Scumbags Don't Tell You
March 7, 2011 at 3:15 pm
Carlin's right..as usual. And the Republicans with their shithead libertarian allies will say stupid shit like "people should get their tax money back to invest it."
Oops, Void, I see I'm a bit late on that one!
And when the criminal business fucks steal the money and leave the poor penniless on the street you'll be out there saying "fuck 'em....they should have made better investments because the MARKET ( your 'god') is GOOD.
Sorry. Not convinced.
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RE: What the Corporate Scumbags Don't Tell You
March 7, 2011 at 4:29 pm
(March 6, 2011 at 8:56 am)Dotard Wrote: Quote:and taxpayers wouldn't have to pay for the rich retirees who automatically qualify for payments, even if they are sitting on $10 million dollars or more.
Agree with this. Anyone who has ample retirement funds and/or income should NOT qualify for SS benefits. Tax them for it like anyone else, but no payments for them.
Before anyone starts in about how this is unfair to rich people, I don't use public transportation or public parks. Should I be given a 'refund' or not taxed for these things? I've never used a fire department, gimme that money back. I've never seen that put so well.
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RE: What the Corporate Scumbags Don't Tell You
March 7, 2011 at 7:34 pm
(This post was last modified: March 7, 2011 at 7:38 pm by HeyItsZeus.)
pb4p
My only philosophy on economics.
(March 7, 2011 at 2:28 pm)Ubermensch Wrote:
This is unfortunately true.
Quote:"An individual has not started living until he can rise above the narrow confines of his individualistic concerns to the broader concerns of all humanity. "
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RE: What the Corporate Scumbags Don't Tell You
March 7, 2011 at 9:58 pm
Michael Moore usually makes fascists' heads explode. Let's see what happens.
http://www.truth-out.org/michael-moore-a...broke68265
Quote:Contrary to what those in power would like you to believe so that you'll give up your pension, cut your wages, and settle for the life your great-grandparents had, America is not broke. Not by a long shot. The country is awash in wealth and cash. It's just that it's not in your hands. It has been transferred, in the greatest heist in history, from the workers and consumers to the banks and the portfolios of the uber-rich.
Today just 400 Americans have the same wealth as half of all Americans combined.
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