Why are Liberals opposed to ordinary people accumulate a million dollar safety net?

Discussion in 'Economy' started by healthmyths, Aug 12, 2012.

  1. healthmyths
    Offline

    healthmyths Gold Member Supporting Member

    Joined:
    Sep 19, 2011
    Messages:
    15,246
    Thanks Received:
    2,045
    Trophy Points:
    245
    Ratings:
    +3,856
    ANY ONE starting at age 25 being FORCED, i.e. Social Security and Medicare deducted from their paycheck can with NO risk accumulate over 40 years at 3% FDIC savings rate accumulate a minimum of $777,000 to as much as $2,047,989!

    So why are Liberals opposed to the ordinary worker being able to accumulate millions and NOT be dependent on the government???
     
  2. healthmyths
    Offline

    healthmyths Gold Member Supporting Member

    Joined:
    Sep 19, 2011
    Messages:
    15,246
    Thanks Received:
    2,045
    Trophy Points:
    245
    Ratings:
    +3,856
    If you think I'm making these numbers up.. I simply did a spreadsheet where a 25 year old increasing salary from $30,000 with salary increases of 2% a year could have over $400,000 paid in and with 3% interest accumulate $777,000! Or if with good financial planning starting with equities yielding 9.6% for 20 years , switching to more security rate of 6% for 20 years and last few years before retiring 3% fixed income assets... $ 2,047,989 accumulation!

    simple compound interest at work!!!
     
  3. Interpol
    Offline

    Interpol Radical Centrist

    Joined:
    Apr 14, 2012
    Messages:
    1,466
    Thanks Received:
    480
    Trophy Points:
    210
    Location:
    U.S.
    Ratings:
    +731
    Social Security private accounts that are played on the stock market are not risk free, where did you get the false impression that it is?

    Before those two programs were passed, poverty among seniors was rampant.

    After the Great Depression, our grandparents generation decided that when times get bad again for the next generation, they don't want to see happen to their children what happened to them, which was devastating.

    What has saved us through this awful crisis is our social safety net.

    This economic crisis would have been far worse without Medicare and Social Security, since if you had a stock market based SS account, it would have evaporated 4 years ago when Republicans crashed the economy.
     
  4. healthmyths
    Offline

    healthmyths Gold Member Supporting Member

    Joined:
    Sep 19, 2011
    Messages:
    15,246
    Thanks Received:
    2,045
    Trophy Points:
    245
    Ratings:
    +3,856
    OBVIOUSLY you have fallen for that OLD CLICHE about RISKY stock market!
    Are you aware of this statistic?


    Adding up the annual returns from 1975 through 2010, as shown in the Dow Jones Industrial average yearly returns chart, and dividing the result by 36, the number of years covered, you will learn that the Dow appreciated by an average of 9.28 percent annually.

    Read more: The Average Stock Market Appreciation Per Year | eHow.com The Average Stock Market Appreciation Per Year | eHow.com


    Also NO ONE with the right to CHOOSE has to put into the "risky" stock market!
    Can direct it to be put into FDIC insured BETTER then Social security!

    finally again... YOU obviously DIDN"T pay attention..
    When young you can take risks cause you have time to correct the errors!
    When age 40 you move to more secure!
    When getting close to retirement MOST of accumulation WOULD NOT be in "risky stock market" but in secure bonds and CDs!

    But Obviously you have NO idea of what I describing!
     
  5. healthmyths
    Offline

    healthmyths Gold Member Supporting Member

    Joined:
    Sep 19, 2011
    Messages:
    15,246
    Thanks Received:
    2,045
    Trophy Points:
    245
    Ratings:
    +3,856
    Who in their RIGHT MIND at age 55 would have ALL their money in the stock market???

    See you have NO common sense have you?
    You believe the Liberals who want to CONTrOL people's destiny rather let people have the freedom!
    Why are you so against people having the freedom to choose their destiny???

    As far as the "great depression"... MY parents lived through it and SUrVIVED fine because they like MOST people were able to grow their own food, rolled their own cigarettes, made their own entertainment, went to be early woke up early to work!
    AND what was wrong with that???
    You against people working???
     
  6. healthmyths
    Offline

    healthmyths Gold Member Supporting Member

    Joined:
    Sep 19, 2011
    Messages:
    15,246
    Thanks Received:
    2,045
    Trophy Points:
    245
    Ratings:
    +3,856
    This is NOT for most people but for the liberals that are so obviously IGNORANT about how money accumulates!

    Liberals... If you at age 25 starting salary of $30,000 that increased at 2% for 40 years were able to tell Uncle Sam to take the $500 per month your employer and you have deducted from your check each month and put it into a 3% savings account.
    You would at age 65 have accumulated $400,000 that YOU put in PLUS $377,000 in compound interest!
    It is that simple! Instead of your paycheck having $500 each month being used to pay people on SS/Medicare today.. YOU won't!
    You would be able to get that $400,000 you paid in PLUS the $377,000 in interest!
    NO risks. NO stock market. No government taking your $500 and paying it out like a Ponzi scheme!
    At 65 then you liberals would have $777,000 would pay you THE SAME you would have gotten from regular SS IF you wanted to preserve your $777,000 OR at 5% nearly double what SS is paying today!

    So then if you had health problems... pay it out of your $777,000!
    Then when you die, YOU can pass it on to whomever or whatever YOUR ESTATE!!!

    Why is that so bad???
    NO RISK. Just returning YOUR $400,000 PLUS the use of your money!!! $777,000!
     
  7. Jackson
    Offline

    Jackson Gold Member Supporting Member

    Joined:
    Dec 31, 2010
    Messages:
    19,665
    Thanks Received:
    4,881
    Trophy Points:
    290
    Location:
    Nashville
    Ratings:
    +12,708
    Liberals are in the "take and spend" state of mind. Just like the liberal lawmakers.
     
  8. Trajan
    Offline

    Trajan conscientia mille testes

    Joined:
    Jun 17, 2010
    Messages:
    29,048
    Thanks Received:
    4,751
    Trophy Points:
    48
    Location:
    The Bay Area Soviet
    Ratings:
    +4,756
    merged-moved
     
  9. HUGGY
    Offline

    HUGGY I Post Because I Care Supporting Member

    Joined:
    Mar 24, 2009
    Messages:
    33,727
    Thanks Received:
    3,805
    Trophy Points:
    1,140
    Location:
    Seattle, in a run down motel
    Ratings:
    +6,285
    I am shocked! I didn't realize it was against the law to have a savings account!

    Really? So who's stopping anyone from saving money?
     
  10. Moonglow
    Offline

    Moonglow Diamond Member

    Joined:
    Jun 27, 2011
    Messages:
    82,014
    Thanks Received:
    8,037
    Trophy Points:
    2,070
    Location:
    sw mizzouri
    Ratings:
    +29,638
    My mother in law lost her retirement with the Arkansas State school system because they invested it with a huge building company in Bella vista, Ark. When the market crashed her retirement she word 35 years for was gone. Hence why the govt. is best when securing a retirement that will not evaporate when the stock market does.
     

Share This Page