3 Statistics About Social Security That Are Frightening

[Toddsterpatriot]

government interference is clearly being defined as regulations keeping the money grubbing mitts from gambling with the cash all willy nilly.

Yes, the only good money grubbing mitts are government money grubbing mitts. DERP!

As long as you're being honest about what you want to do. Because you don't give a damn if that money disappears as long as you get a chance to gamble.

The money is more likely to disappear when the government is touching it.

 

[Disir]

government interference is clearly being defined as regulations keeping the money grubbing mitts from gambling with the cash all willy nilly.

Yes, the only good money grubbing mitts are government money grubbing mitts. DERP!

As long as you're being honest about what you want to do. Because you don't give a damn if that money disappears as long as you get a chance to gamble.

The money is more likely to disappear when the government is touching it.

It's more likely to disappear if you get your mitts on it.

 

[Toddsterpatriot]

government interference is clearly being defined as regulations keeping the money grubbing mitts from gambling with the cash all willy nilly.

Yes, the only good money grubbing mitts are government money grubbing mitts. DERP!

As long as you're being honest about what you want to do. Because you don't give a damn if that money disappears as long as you get a chance to gamble.

The money is more likely to disappear when the government is touching it.

It's more likely to disappear if you get your mitts on it.

I'd have triple what Social Security will give me, plus a huge chunk of money to leave to my kids.

 

[Disir]

government interference is clearly being defined as regulations keeping the money grubbing mitts from gambling with the cash all willy nilly.

Yes, the only good money grubbing mitts are government money grubbing mitts. DERP!

As long as you're being honest about what you want to do. Because you don't give a damn if that money disappears as long as you get a chance to gamble.

The money is more likely to disappear when the government is touching it.

It's more likely to disappear if you get your mitts on it.

I'd have triple what Social Security will give me, plus a huge chunk of money to leave to my kids.

Are you telling me you don't have an IRA? 'Cause you sound to me like you have one.

 

[Thinker101]

government interference is clearly being defined as regulations keeping the money grubbing mitts from gambling with the cash all willy nilly.

Yes, the only good money grubbing mitts are government money grubbing mitts. DERP!

As long as you're being honest about what you want to do. Because you don't give a damn if that money disappears as long as you get a chance to gamble.

The money is more likely to disappear when the government is touching it.

It's more likely to disappear if you get your mitts on it.

I'd have triple what Social Security will give me, plus a huge chunk of money to leave to my kids.

Or at least beer to make you think you tripled what they would give you.

 

[Thinker101]

Yes, the only good money grubbing mitts are government money grubbing mitts. DERP!

As long as you're being honest about what you want to do. Because you don't give a damn if that money disappears as long as you get a chance to gamble.

The money is more likely to disappear when the government is touching it.

It's more likely to disappear if you get your mitts on it.

I'd have triple what Social Security will give me, plus a huge chunk of money to leave to my kids.

Are you telling me you don't have an IRA? 'Cause you sound to me like you have one.

Hmmm, an IRA, another terrible idea from the government.

 

[Disir]

As long as you're being honest about what you want to do. Because you don't give a damn if that money disappears as long as you get a chance to gamble.

The money is more likely to disappear when the government is touching it.

It's more likely to disappear if you get your mitts on it.

I'd have triple what Social Security will give me, plus a huge chunk of money to leave to my kids.

Are you telling me you don't have an IRA? 'Cause you sound to me like you have one.

Hmmm, an IRA, another terrible idea from the government.

It's all BS

 

[Thinker101]

The money is more likely to disappear when the government is touching it.

It's more likely to disappear if you get your mitts on it.

I'd have triple what Social Security will give me, plus a huge chunk of money to leave to my kids.

Are you telling me you don't have an IRA? 'Cause you sound to me like you have one.

Hmmm, an IRA, another terrible idea from the government.

It's all BS

The typical non-roth IRA was definitely a good idea on paper and when nobody knew any better. Come time to access the funds it quickly becames a huge mistake.

 

[Toddsterpatriot]

Yes, the only good money grubbing mitts are government money grubbing mitts. DERP!

As long as you're being honest about what you want to do. Because you don't give a damn if that money disappears as long as you get a chance to gamble.

The money is more likely to disappear when the government is touching it.

It's more likely to disappear if you get your mitts on it.

I'd have triple what Social Security will give me, plus a huge chunk of money to leave to my kids.

Are you telling me you don't have an IRA? 'Cause you sound to me like you have one.

I do have an IRA. And if my SS contributions to date had been placed in a similar IRA,
I'd have triple what Social Security will give me, plus a huge chunk of money to leave to my kids, just from the SS contributions.

 

[Disir]

As long as you're being honest about what you want to do. Because you don't give a damn if that money disappears as long as you get a chance to gamble.

The money is more likely to disappear when the government is touching it.

It's more likely to disappear if you get your mitts on it.

I'd have triple what Social Security will give me, plus a huge chunk of money to leave to my kids.

Are you telling me you don't have an IRA? 'Cause you sound to me like you have one.

I do have an IRA. And if my SS contributions to date had been placed in a similar IRA,
I'd have triple what Social Security will give me, plus a huge chunk of money to leave to my kids, just from the SS contributions.

That's nice. SS is a safety net. It's why it exists. Someone of your age and stature should have no problem making that quick cash though. You know, might even have a very nice portfolio going.

 

[Markle]

I'd have triple what Social Security will give me, plus a huge chunk of money to leave to my kids.

You're 100% correct. That has been proven in Galveston Texas and two or three surrounding counties. They opted out of SS decades ago and their benefits are now at least double SS plus there are death benefits.

 

[Toddsterpatriot]

The money is more likely to disappear when the government is touching it.

It's more likely to disappear if you get your mitts on it.

I'd have triple what Social Security will give me, plus a huge chunk of money to leave to my kids.

Are you telling me you don't have an IRA? 'Cause you sound to me like you have one.

I do have an IRA. And if my SS contributions to date had been placed in a similar IRA,
I'd have triple what Social Security will give me, plus a huge chunk of money to leave to my kids, just from the SS contributions.

That's nice. SS is a safety net. It's why it exists. Someone of your age and stature should have no problem making that quick cash though. You know, might even have a very nice portfolio going.

SS is a safety net. It's why it exists.

Yes, a system that takes 12.4% of your income all your life, and gives you a crappy return.
Until about 2032, when it'll only give you 70% of a crappy return.

 

[Disir]

It's more likely to disappear if you get your mitts on it.

I'd have triple what Social Security will give me, plus a huge chunk of money to leave to my kids.

Are you telling me you don't have an IRA? 'Cause you sound to me like you have one.

I do have an IRA. And if my SS contributions to date had been placed in a similar IRA,
I'd have triple what Social Security will give me, plus a huge chunk of money to leave to my kids, just from the SS contributions.

That's nice. SS is a safety net. It's why it exists. Someone of your age and stature should have no problem making that quick cash though. You know, might even have a very nice portfolio going.

SS is a safety net. It's why it exists.

Yes, a system that takes 12.4% of your income all your life, and gives you a crappy return.
Until about 2032, when it'll only give you 70% of a crappy return.

And if it was set up your way and there was a crash it wouldn't exist at all.

Then, you would talk long and hard about a bunch of BS regarding personal responsibility and yada-yada-yada.

 

[Toddsterpatriot]

I'd have triple what Social Security will give me, plus a huge chunk of money to leave to my kids.

Are you telling me you don't have an IRA? 'Cause you sound to me like you have one.

I do have an IRA. And if my SS contributions to date had been placed in a similar IRA,
I'd have triple what Social Security will give me, plus a huge chunk of money to leave to my kids, just from the SS contributions.

That's nice. SS is a safety net. It's why it exists. Someone of your age and stature should have no problem making that quick cash though. You know, might even have a very nice portfolio going.

SS is a safety net. It's why it exists.

Yes, a system that takes 12.4% of your income all your life, and gives you a crappy return.
Until about 2032, when it'll only give you 70% of a crappy return.

And if it was set up your way and there was a crash it wouldn't exist at all.

Then, you would talk long and hard about a bunch of BS regarding personal responsibility and yada-yada-yada.

And if it was set up your way and there was a crash it wouldn't exist at all.

Bullshit. I've lived through multiple crashes and I'd still have triple.

 

[Disir]

Are you telling me you don't have an IRA? 'Cause you sound to me like you have one.

I do have an IRA. And if my SS contributions to date had been placed in a similar IRA,
I'd have triple what Social Security will give me, plus a huge chunk of money to leave to my kids, just from the SS contributions.

That's nice. SS is a safety net. It's why it exists. Someone of your age and stature should have no problem making that quick cash though. You know, might even have a very nice portfolio going.

SS is a safety net. It's why it exists.

Yes, a system that takes 12.4% of your income all your life, and gives you a crappy return.
Until about 2032, when it'll only give you 70% of a crappy return.

And if it was set up your way and there was a crash it wouldn't exist at all.

Then, you would talk long and hard about a bunch of BS regarding personal responsibility and yada-yada-yada.

And if it was set up your way and there was a crash it wouldn't exist at all.

Bullshit. I've lived through multiple crashes and I'd still have triple.

Right. I mean we just watched people lose everything with the last one, eh?

Oh, wait......that must have been personal responsibility.

 

[DOTR]

All socialist programs end like this. Abused, bankrupt and a bottomless hole demanding ever more money. And in the process they feed a huge parasitical bureaucracy and they create an underclass of dependents who can then be bought by politicians for a mere subsistence living.
Not to mention the expansion of government surveillance and intrusion necessary for such a program and the moral hazard of convincing people to casually live off money stolen from other people.

As Daniel Hastings warned when he opposed the original SS bill in 1935 the effect on Americans will be to "bring its people to the level of the average European". Can anyone argue with this as you watch millennials embrace full socialism now?

And note...all Marxist programs like this are so damn attractive that you have to threaten your citizens with prison for not participating. It is the only way it can work...according to the site linked to by Joe above Social Security costs the average American $600,000 over a lifetime. It has cost me well over a million dollars. Social Security Solutions, Social Security Crisis, Fix Social Security

A hell of a government deal. "We will impoverish you over your entire working life and then point out how much you need government to live when you are old."

 

[Tom Horn]

The quicker we default on the national debt, the faster we can become paper solvent again. It could be a fairly painless process if done correctly and our priorities could then be written into Constitutional Amendments so we can never have a dollar of debt again. The entire welfare state of FDR/LBJ through the muslim communist has to be thrown into the dumpster of history for the full faith and credit of the US can be restored. Trump knows how to chapter 13 casinos....he's the right man for the job.

 

[Toddsterpatriot]

I do have an IRA. And if my SS contributions to date had been placed in a similar IRA,
I'd have triple what Social Security will give me, plus a huge chunk of money to leave to my kids, just from the SS contributions.

That's nice. SS is a safety net. It's why it exists. Someone of your age and stature should have no problem making that quick cash though. You know, might even have a very nice portfolio going.

SS is a safety net. It's why it exists.

Yes, a system that takes 12.4% of your income all your life, and gives you a crappy return.
Until about 2032, when it'll only give you 70% of a crappy return.

And if it was set up your way and there was a crash it wouldn't exist at all.

Then, you would talk long and hard about a bunch of BS regarding personal responsibility and yada-yada-yada.

And if it was set up your way and there was a crash it wouldn't exist at all.

Bullshit. I've lived through multiple crashes and I'd still have triple.

Right. I mean we just watched people lose everything with the last one, eh?

Oh, wait......that must have been personal responsibility.

You knew people who lost everything in their IRAs in 2008?

 

[JoeTheEconomist]

I'd have triple what Social Security will give me, plus a huge chunk of money to leave to my kids.

You're 100% correct. That has been proven in Galveston Texas and two or three surrounding counties. They opted out of SS decades ago and their benefits are now at least double SS plus there are death benefits.

Again, Galveston Texas works only because they walked away from the obligations that were baked into SS.

All socialist programs end like this. Abused, bankrupt and a bottomless hole demanding ever more money. And in the process they feed a huge parasitical bureaucracy and they create an underclass of dependents who can then be bought by politicians for a mere subsistence living.
Not to mention the expansion of government surveillance and intrusion necessary for such a program and the moral hazard of convincing people to casually live off money stolen from other people.

As Daniel Hastings warned when he opposed the original SS bill in 1935 the effect on Americans will be to "bring its people to the level of the average European". Can anyone argue with this as you watch millennials embrace full socialism now?

And note...all Marxist programs like this are so damn attractive that you have to threaten your citizens with prison for not participating. It is the only way it can work...according to the site linked to by Joe above Social Security costs the average American $600,000 over a lifetime. It has cost me well over a million dollars. Social Security Solutions, Social Security Crisis, Fix Social Security

A hell of a government deal. "We will impoverish you over your entire working life and then point out how much you need government to live when you are old."

I would understand the source of the $600,000. It is a conservative estimate of what my personal savings would be assuming (I think) a 6% real return. That is about the average 45 year return of the stock market. There is another figure $800,000 (I think) which was my contributions put into the S&P. All of these accounts were at the age of 50. I wasn't an average worker though. If you want to know the number, let me know and I will re-run the figures.

 

[JoeTheEconomist]

I'd have triple what Social Security will give me, plus a huge chunk of money to leave to my kids.

You're 100% correct. That has been proven in Galveston Texas and two or three surrounding counties. They opted out of SS decades ago and their benefits are now at least double SS plus there are death benefits.

You know the contribution rate of Social Security. Do you know what the workers of Galveston County pay?