Finally, A President Willing To Cut Off Boomers' Social Security And Medicare Charity

JoeB131

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I'm for cutting off Social Security for everyone under 25yo - no more AFTER everyone above that who has actually paid into if for at least 20 years gets theirs paid.
So it's a matter of "I got mine, Fuck You!" The Republican Motto.

I HAVE PAID INTO SOCIAL SECURITY WITH THE PROMISE IT WOULD BE PROTECTED AND THERE FOR ME WHEN I RETIRE FOR 40 YEARS.

ITS NOT THE GOVERNMENTS MONEY - ITS MINE!
The problem is, if you retire at 65 and live to be 72, you will have gotten back everything you paid into it. Now, while I am sure that you think you are a super-duper investor and master of your own fate, my guess is you'd be whining if we cut you off at 72 and your savings were running out.

The real problem here is that we live in a society where people regularly live into their 80's. There is more than enough wealth to take care of them, but the rich need to pay their fair share.
 

bendog

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President Donald Trump on Saturday afternoon openly vowed to permanently "terminate" the funding mechanism for both Social Security and Medicare if reelected in November.

The Trump campaign was apparently so satisfied with the public acknowledgement of the president's promise to make the payroll tax permanent—a move that would inherently bankrupt the Social Security system—that it clipped the portion of the press conference and shared on social media immediately after it concluded.

Getting Baby Boomers off the federal dole will be the greatest accomplishment by any U.S. president of the past 100 years.

Workers can now spend the money the government had held for their retirement from the first day of their employment. Waiting until later years to begin saving for one's old age is a much more viable system, since everyone will be diligent in this effort.

Trump: making America Great Again for Plutocrats. the 1890s were GREAT
 

kyzr

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I'm for cutting off Social Security for everyone under 25yo - no more AFTER everyone above that who has actually paid into if for at least 20 years gets theirs paid.
So it's a matter of "I got mine, Fuck You!" The Republican Motto.

I HAVE PAID INTO SOCIAL SECURITY WITH THE PROMISE IT WOULD BE PROTECTED AND THERE FOR ME WHEN I RETIRE FOR 40 YEARS.

ITS NOT THE GOVERNMENTS MONEY - ITS MINE!
The problem is, if you retire at 65 and live to be 72, you will have gotten back everything you paid into it. Now, while I am sure that you think you are a super-duper investor and master of your own fate, my guess is you'd be whining if we cut you off at 72 and your savings were running out.

The real problem here is that we live in a society where people regularly live into their 80's. There is more than enough wealth to take care of them, but the rich need to pay their fair share.
Your math is WAYYYYY off.
If you retire at 65, and live to be 72 you won't get very much of what you paid in.
You need to adjust for inflation, about 47-years of inflation.
 

Likkmee

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I'm for cutting off Social Security for everyone under 25yo - no more AFTER everyone above that who has actually paid into if for at least 20 years gets theirs paid.

You snowflakes seem to believe that the government is giving recipients government money each month, that they are doing recipients a favor by doing so. Those who believe that are just f*ing STUPID.

I HAVE PAID INTO SOCIAL SECURITY WITH THE PROMISE IT WOULD BE PROTECTED AND THERE FOR ME WHEN I RETIRE FOR 40 YEARS.

ITS NOT THE GOVERNMENTS MONEY - ITS MINE!

I don't know about you idiots who think killing SS without reimbursing anyone who has paid in is a good idea, but doing so would amount to THE LARGEST PONZI SCHEME IN WORLD HISTORY.

A man is sitting in prison right now for doing what is being suggested.

Screw that....

Tell you what...cut me a check right now for HALF of the money I have paid into SS, and you can do whatever you want with SS.

.
Renounce your citizenship and you can get every penny you paid in (minus the $2400 they charge to tell The Great Satan to Fuck off)
 

Cellblock2429

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President Donald Trump on Saturday afternoon openly vowed to permanently "terminate" the funding mechanism for both Social Security and Medicare if reelected in November.

The Trump campaign was apparently so satisfied with the public acknowledgement of the president's promise to make the payroll tax permanent—a move that would inherently bankrupt the Social Security system—that it clipped the portion of the press conference and shared on social media immediately after it concluded.

Getting Baby Boomers off the federal dole will be the greatest accomplishment by any U.S. president of the past 100 years.

Workers can now spend the money the government had held for their retirement from the first day of their employment. Waiting until later years to begin saving for one's old age is a much more viable system, since everyone will be diligent in this effort.

/——/ Perhaps this is the first step to repair the SS Ponzi scheme.
 

JoeB131

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Your math is WAYYYYY off.
If you retire at 65, and live to be 72 you won't get very much of what you paid in.
You need to adjust for inflation, about 47-years of inflation.
Why should you do that? The point is, if you paid in $15.00 in 1972, that's what you should get back.

It's just as likely you'd have spent that money in 1972. In fact, the whole purpose of Trump's attempts to suspend the Payroll Tax is to get people to go out and spend it.

But even if you did "Invest" it, there's no garuntee that you'd still have that money. Stock market crashes happened in 1987, 2001, 2008, and 2020... You could have just as well lost your shirt.

Social Security is EXACTLY what it is. It's a safety net to keep you from starving in your old age.

Now, if you really wanted to "protect" social security, it should be Means Tested. No reason why Bill Gates or Warren Buffet should be getting a big old fat check from the government.
 

kyzr

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Your math is WAYYYYY off.
If you retire at 65, and live to be 72 you won't get very much of what you paid in.
You need to adjust for inflation, about 47-years of inflation.
Why should you do that? The point is, if you paid in $15.00 in 1972, that's what you should get back.

It's just as likely you'd have spent that money in 1972. In fact, the whole purpose of Trump's attempts to suspend the Payroll Tax is to get people to go out and spend it.

But even if you did "Invest" it, there's no guarantee that you'd still have that money. Stock market crashes happened in 1987, 2001, 2008, and 2020... You could have just as well lost your shirt.

Social Security is EXACTLY what it is. It's a safety net to keep you from starving in your old age.

Now, if you really wanted to "protect" social security, it should be Means Tested. No reason why Bill Gates or Warren Buffet should be getting a big old fat check from the government.
That's how money works, that's why. By using an inflation calculator, that $15 in 1972 would be worth $92 in 2020 dollars. So retirees have a nice piggy bank to retire on.
Plus SS uses COLAs, or "raises" meant to keep retirees up with inflation, so you get more money out adjusted for inflation even after you stop working.
If Gates and Buffet paid into SS why shouldn't they get their benefit? Its taxed as income, so stop bitching, you sound like a fucking commie.
 

JoeB131

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That's how money works, that's why. By using an inflation calculator, that $15 in 1972 would be worth $92 in 2020 dollars. So retirees have a nice piggy bank to retire on.
Except you still wouldn't have that $15.00. More than likely, you'd have just spent it at the time.

Plus SS uses COLAs, or "raises" meant to keep retirees up with inflation, so you get more money out adjusted for inflation even after you stop working.
Which proves my point that you are obviously missing.

If Gates and Buffet paid into SS why shouldn't they get their benefit? Its taxed as income, so stop bitching, you sound like a fucking commie.
You see, this is the problem. Social Security SHOULD be a safety net. If you only got in what you paid in, you'd be out by the time you were 72. Conversely, there's no reason why someone who is already set should be getting a check.

The psychology is that we don't want to call Social Security what it is. WELFARE FOR WHITE PEOPLE.
 

ReinyDays

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Some corrections to the math:

For tax year 2020 ... only the first $137,700 is subject to the 15.3% SS/Medicaid tax ... the maximum anyone pays per year is $21,068.10 ... income above that is NOT taxed for SS/Medicaid ... and the other important point is only earned income is subject to SS/Medicaid tax ... interest income, dividends, capital gains and the like are not taxed for SS/Medicaid at all ... keep in mind that the 7.65% withheld from your paycheck has to be matched by your employer, and this comes from a 7.65% less in wages ... it doesn't cost your employer a thing ...

There are income tests to be eligible to receive SS benefits ... I don't know the exact amounts ... but if you getting $1,000,000 per year from your own retirement fund, you will NOT be getting SS ... SS retirement benefits are for people too stupid to save for their own retirement ... "Work 40 hours a week for 40 years to retire on 40% of your income" ... yeah, plainly stupid ...

As I pointed out up=thread ... SSA holds a good amount of Treasuries ... and these bonds pay interest, 1.222% on 30-year T-bonds as of Monday this week ... down from the average 2018 yield of 3.11% ... and yes, lower return does mean higher demand ... Treasuries are not risk-free, just that default would have to follow the collapse of the US Constitution and so we'll have much bigger problems at that time than the US Dollar being worthless ...

Do we as a nation want the poor and middle class to work everyday until the day they die? ... fine with me ... just don't act shocked when the coffin carts are rolling ...
 

kyzr

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That's how money works, that's why. By using an inflation calculator, that $15 in 1972 would be worth $92 in 2020 dollars. So retirees have a nice piggy bank to retire on.
Except you still wouldn't have that $15.00. More than likely, you'd have just spent it at the time.

Plus SS uses COLAs, or "raises" meant to keep retirees up with inflation, so you get more money out adjusted for inflation even after you stop working.
Which proves my point that you are obviously missing.

If Gates and Buffet paid into SS why shouldn't they get their benefit? Its taxed as income, so stop bitching, you sound like a fucking commie.
You see, this is the problem. Social Security SHOULD be a safety net. If you only got in what you paid in, you'd be out by the time you were 72. Conversely, there's no reason why someone who is already set should be getting a check.

The psychology is that we don't want to call Social Security what it is. WELFARE FOR WHITE PEOPLE.
Look coxucker, SS benefits are based on what you put in when you work, no work means no benefits.
Welfare is what porch monkeys get for sitting on their asses.
See the difference?
 

JoeB131

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Look coxucker, SS benefits are based on what you put in when you work, no work means no benefits.
Welfare is what porch monkeys get for sitting on their asses.
See the difference?
Porch monkeys? Well, nice to see you are finally being open about your racism....

Welfare is welfare, buddy. The thing is, you are fine with WHITE PEOPLE WELFARE like Social Security, Medicare, Unemployment Insurance and Veteran's benefits, among others.

It's them poor black people getting welfare that you are upset about.
 

AzogtheDefiler

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I'm for cutting off Social Security for everyone under 25yo - no more AFTER everyone above that who has actually paid into if for at least 20 years gets theirs paid.

You snowflakes seem to believe that the government is giving recipients government money each month, that they are doing recipients a favor by doing so. Those who believe that are just f*ing STUPID.

I HAVE PAID INTO SOCIAL SECURITY WITH THE PROMISE IT WOULD BE PROTECTED AND THERE FOR ME WHEN I RETIRE FOR 40 YEARS.

ITS NOT THE GOVERNMENTS MONEY - ITS MINE!

I don't know about you idiots who think killing SS without reimbursing anyone who has paid in is a good idea, but doing so would amount to THE LARGEST PONZI SCHEME IN WORLD HISTORY.

A man is sitting in prison right now for doing what is being suggested.

Screw that....

Tell you what...cut me a check right now for HALF of the money I have paid into SS, and you can do whatever you want with SS.

.
Under 30
 

kyzr

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Look coxucker, SS benefits are based on what you put in when you work, no work means no benefits.
Welfare is what porch monkeys get for sitting on their asses.
See the difference?
Porch monkeys? Well, nice to see you are finally being open about your racism....

Welfare is welfare, buddy. The thing is, you are fine with WHITE PEOPLE WELFARE like Social Security, Medicare, Unemployment Insurance and Veteran's benefits, among others.

It's them poor black people getting welfare that you are upset about.
WORKING for a pension, having the government take money from every check for retirement is NOT WELFARE you moron.
Sitting on your ass getting paid for not working is welfare.
See the difference?
Working for benefits is not welfare, but getting paid for not working is welfare.

Welfare is welfare, getting free money for not working.
Getting your own money back is NOT WELFARE.
p.s. I never said porch monkeys were black?? Funny how that clicked in your head?
 

JoeB131

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WORKING for a pension, having the government take money from every check for retirement is NOT WELFARE you moron.
Sure it is. If Social Security were a pension, it would be a fixed amount that would run out after a certain point. You would be able to take out as much or as little as you need. That's clearly not what it is.

p.s. I never said porch monkeys were black?? Funny how that clicked in your head?
Everyone knows that's a racist term.



Noun[edit]
porch monkey (plural porch monkeys)
  1. (idiomatic, offensive, ethnic slur) A lazy black person. quotations ▼
Categories:
 

Mac1958

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Opposing Authoritarian Ideological Fundamentalism.
The nation could not survive ending medicare and social security. The payroll tax cut benefits the wealthy while gutting programs average workers need to survive.
It really is amazing, how blind and heartless and completely mis-led these people are.

Maybe it would be good for them to volunteer to work with low-income seniors for a year or two. Wash a few sheets. Hold a few hands. Cut a few toenails. Hear a few difficult stories. See what life can be like from another perspective.

Their ideology has robbed them of any heart and empathy they may have once had. Another example of how Trumpism is ugly. And ignorant, as they look at SS and Medicare as "charity". Incredible.
 

JoeB131

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It really is amazing, how blind and heartless and completely mis-led these people are.

Maybe it would be good for them to volunteer to work with low-income seniors for a year or two. Wash a few sheets. Hold a few hands. Cut a few toenails. Hear a few difficult stories. See what their life is like.

Their ideology has robbed them of any heart and empathy they may have once had. Another example of how Trumpism is ugly. Also ignorant, as they look at SS and Medicare as "charity". Incredible.
Again, your side wanted to invest all that money in the Wall Street Casino and let it ride.
 

kyzr

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WORKING for a pension, having the government take money from every check for retirement is NOT WELFARE you moron.
Sure it is. If Social Security were a pension, it would be a fixed amount that would run out after a certain point. You would be able to take out as much or as little as you need. That's clearly not what it is.

p.s. I never said porch monkeys were black?? Funny how that clicked in your head?
Everyone knows that's a racist term.
Welfare is nothing like a pension, welfare is free government money for NOT working.
Social Security is money that the government takes from your pay over your working life to fund your pension.
The amount you receive from SS is computed from the amount you contribute.
You need to EARN an SS check, unlike welfare.
A "defined benefit pension" is similar to SS except you can choose to receive a lump sum of cash (dumb idea because of taxes) or various lifetime options, such as for a surviving spouse. Pensions are earned thru working.

 

Lesh

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WORKING for a pension, having the government take money from every check for retirement is NOT WELFARE you moron.
Sure it is. If Social Security were a pension, it would be a fixed amount that would run out after a certain point. You would be able to take out as much or as little as you need. That's clearly not what it is.

p.s. I never said porch monkeys were black?? Funny how that clicked in your head?
Everyone knows that's a racist term.
Welfare is nothing like a pension, welfare is free government money for NOT working.
Social Security is money that the government takes from your pay over your working life to fund your pension.
The amount you receive from SS is computed from the amount you contribute.
You need to EARN an SS check, unlike welfare.
A "defined benefit pension" is similar to SS except you can choose to receive a lump sum of cash (dumb idea because of taxes) or various lifetime options, such as for a surviving spouse. Pensions are earned thru working.

And all that changes the minute Trump/Republicans fund SSI out of the General Fund....which is what they are trying to do here

And if they fail? The payroll cut becomes a LOAN you have to pay back.
 

kyzr

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WORKING for a pension, having the government take money from every check for retirement is NOT WELFARE you moron.
Sure it is. If Social Security were a pension, it would be a fixed amount that would run out after a certain point. You would be able to take out as much or as little as you need. That's clearly not what it is.

p.s. I never said porch monkeys were black?? Funny how that clicked in your head?
Everyone knows that's a racist term.
Welfare is nothing like a pension, welfare is free government money for NOT working.
Social Security is money that the government takes from your pay over your working life to fund your pension.
The amount you receive from SS is computed from the amount you contribute.
You need to EARN an SS check, unlike welfare.
A "defined benefit pension" is similar to SS except you can choose to receive a lump sum of cash (dumb idea because of taxes) or various lifetime options, such as for a surviving spouse. Pensions are earned thru working.

And all that changes the minute Trump/Republicans fund SSI out of the General Fund....which is what they are trying to do here

And if they fail? The payroll cut becomes a LOAN you have to pay back.
Wrong. Trump just suspended the payroll tax for 4-months to give people stimulus money. LBJ was the one who started the "unified budget" taking all trust fund money into the Federal Budget.

In early 1968 President Lyndon Johnson made a change in the budget presentation by including Social Security and all other trust funds in a"unified budget." This is likewise sometimes described by saying that Social Security was placed "on-budget."
 

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