Quote: (10-21-2014 05:32 AM)iknowexactly Wrote:
The easiest way to do this would be to piggyback onto the highly efficient ( FAR more so the Private Enterprise Health Insurance Company I worked for that skimmed 30% for stockholders)
Social Security system.
Jejeune "free marketers" too young to be even two steps away from stories of the great depression might be surprised that SS is over 99% efficient, and has been increasing in efficiency over the last 20 years as they have the computer systems in place and adding participants is pretty easy at this point. And there are no stockholders screaming at management to skim skim skim and divert proceeds to them. Why do you think Wall Street had a boner the size of Manhattan at the prospect of diverting that into "private savings accounts" when Bush II was in office?
http://www.cbpp.org/cms/?fa=view&id=3261
That's right, over 99% of the money companies and workers pay INTO SS COMES BACK OUT IN CHECKS to participants.
From Librul Rachel Maddow's website ( all lefties are wrong.)
"Meanwhile, the Census Bureau stated in its recent report that Social Security was keeping millions of people out of poverty: "In 2010, the number of people aged 65 and older in poverty would be higher by almost 14 million if Social Security payments were excluded from money income, quintupling the number of elderly people in poverty."
Wait, I thought gubmint is bad an inefficient? Well, then you were wrong. You've got to come up with a more convoluted argument why SS is bad. We await with bated breath how you would "fix" this.
Those against the horror of SS might want to explain what they would do to euthanize the elderly population that would suddenly slip into poverty if SS was discontinued.
I'm sure Wall Street would take care of them.
There's something both humorous and tragic about a slave who sings his owner's praises as the owner beats the life out of him. Who doesn't even know who his owner is.
http://www.cbpp.org/cms/?fa=view&id=3261
Exactly....SS is a successful program. The biggest problem(same as pension funds) is that the gov't doesn't actually use it as a trust fund like it was suppose to be. They spend the money just like regular taxes so then it isn't there.
The program isn't the problem, it is gov't spending that is the issue.
Medicare is a different situation but the whole countries medical/health costs are overpriced and Obama made it worst buy giving insurance companies more income/members.
About the topic..I don't care what they do in Switzerland because I am AMERICAN BABY!
But a basic guaranteed income for everyone is BS. That means basically a large % of the population can sponge off the rest. Heck every lazy forum member who wants to live in Thailand can get paid to do so lol.
IMHO Min wage is basically the same thing but at least you have to work for it.
Also consider that even increases in min wage often are BS because prices increase as well and employment decreases.
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If there's any generation that deserves to have their welfare benefits cut immediately, it's the AARP demographic. They are the reason social security and state pension plans around the country are severely overextended. They are the reason those of us who are still of working age are implicitly in trillions of dollars of debt. Fuck em.
Don't come here spreading government propaganda about social security. It's a shit program that should be eliminated. If you're a young worker with a decent income, you'd get a better rate of return if you took all your social security "contributions" each month, went to the casino, and bet it all on black.
Wrong..NO ONE DESERVES anything cut that they been promised and paid into for. Plenty of other places to cut. Military cuts or welfare(those who don't earn it) come to mind.
As for you article..true, But unrealistic. It is propaganda lol(investment firms would love that) All one has to see is how people blew there money in the crash. Not everyone is meant to be an investor.
Sure I am coming on my second million due to my skills but most don't have it.
Social security or annuities are still best for those who can't invest or who can't afford to suffer market setbacks( those close to retirement).
The trillions in debt isn't due to SS lol. Go do some more research. Actually young people voted for Obama and his democrats..that is where the debt came from.
The few trillion Bush made with his wars would have been paid off by now if the crash never came. THE CRASH came about mostly because of policies made by democrats(ex. Clinton).
Seriously..there are much more places your tax dollars go that don't help Americans nor is an entitlement Americans pay into that you can/should be whining about(Ukraine, NATO, FDA payoffs, etc).
Heck I don't like welfare but I don't complain about it so much after seeing how low a % of GNP it actually is. Plus food stamps at least get spent in the country so there is an economic stimulus involved.
How much of the 8k dollar toilet seats that the military spent on during Reagan era goes back to the people? lol
PS--I know the millennial'S are the most likely to bitch about SS, etc. But I just read an article that shows them to be the most frivolous spenders in creation. They all need Iphones, dAta plans and flats creen tvs when they 1st came out(and nothing to even watch on it).
Sure baby boomers did the same thing but in their defense there was less to buy back then and they more likely spent on items(homes) that have actual future value.
Point is they are NOT savers..and are kidding themselves if they think they are going to fund their own retirement based on their own skills. Facts on the ground show otherwise.
Funny thing is that this topic is spoken by EVERY generation. At a certain age ones attitude changes.