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#41
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![]() Quote:
If that comes from your savings, well, you get the money from those who have it, so deal with it.
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#42
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![]() Quote:
You'll save for retirment under a tax regime based on income. Then you'll spend those savings in a tax regime based on consumption. Hit you on the way in, then hit you on the way out. That will be the knockout punch.
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A very great politician, Winston Churchill, once said that politicians complaining about the newspapers is like a sailor complaining about the sea. |
#43
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![]() I think this is a reasonable expectation.
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#44
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I'm taking his word for it, since he was on hand when SS made the changes necessary for my fears of 30 years ago to be extirpated. |
#45
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![]() Social Security was secured for now thanks in part to government policies that allowed National debt to go from 35% of GDP to 100% GDP. It will be secure 30 years from now as long as National debt goes from 100% GDP to 165% GDP.
Debt is good as long as you can pass the buck to the next generation and you're dead by the time it has to be paid back. Last edited by DanielSong39; 11-13-2011 at 03:56 PM.. |
#47
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![]() I think it's plenty fair that Boomers aren't going to get the Social Security or Medicare benefits that prior, more fecund and shorter-lived, generations got.
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#48
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It occurred to me that you may have been facetious and you know all this. But believe me, I wish I could opt out! Getting all my contributions (and employers' contributions) back starting with the withholdings from the week I delivered telephone books when I was 17 would be nice, too. |
#49
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![]() The "contributions" are just federal tax. Doesn't matter what label was slapped on it.
Social Security was never "savings". You don't own any assets as a result. You may or may not get money back, but the federal government owes you nothing in exchange for these taxes. |
#50
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![]() Quote:
That facade kinda crumpled when there were threats that SS payments would stop if the debt ceiling wasn't raised last August. If SS is adequately funded by payroll taxes, why was there anxiety about makiing the payments? You can either claim that it's adequately funded or admit that if an insurer funded annuities this way it would be put out of business by regulators. |
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