If Social Security Had Been In Private Accounts The Stock Market Drop Could Have Been A Disaster

[David_42]

What a wonderful human being.

When we see you demanding that everyone be doomed to poverty, we think the same about you. What a wonderful human being.

LOL.

LOL

Welfare programs shown to reduce poverty in America
Social Security Keeps 22 Million Americans Out Of Poverty: A State-By-State Analysis | Center on Budget and Policy Priorities
LOLOLOL.

And now you are typing "LOLOLOL".... really? The longer you are on this thread, the more childish you act.

Apparently my sarcastic mocking of your last non-responsive post wasn't obvious enough.

And worse, you still obviously missed everything that we've been saying this entire thread, because without even reading your posts, the information is already irrelevant.... and you don't know why I wager.

First, saying that those programs 'reduce poverty', when they cost 12.4% of their income which they could have used to have a half million dollars by now, is ridiculous. You prevented me from being a millionaire.... and now you give me $700 a month so that I'm not in poverty? All of the research ignores how wealthy one might have been, had they been allowed to keep their own money.

But let's even ignore that for a moment..........

Let's say that Social Security does "keep 22 million Americans out of poverty"..... Did you miss the memo?

Feds: Social Security Disability Fund Goes Broke Next Year
CBO warns lawmakers that Social Security is still going broke | FreedomWorks

Trustees Report Summary

After 2019, Treasury will redeem trust fund asset reserves to the extent that program cost exceeds tax revenue and interest earnings until depletion of total trust fund reserves in 2034, one year later than projected in last year’s Trustees Report. Thereafter, tax income is projected to be sufficient to pay about three-quarters of scheduled benefits through the end of the projection period in 2089.​

"But but.... 22 million out of poverty!" GOING BROKE "But but people like it!" CUTTING BENEFITS "But but!!"

THREE QUARTERS...... Right now the average Social Security check is $1,270. The average check would drop to $950.

Now the average check is lower than a Walmart Greeter makes. Some people's checks will be just $500 a month.

Even if we assume that SS is keeping people out of poverty now..... IT WON'T in the future. Which is the whole reason we're talking about it now.... or should be unless you are a brainless, left-wing mindless troll that types LOLOLOL like he's still in middle school, and doesn't care about the facts of reality. If you are one of those immature idiots... ok..... then your response is brilliantly perfect for the type of person you apparently are.

Raise the cap, and you're arguing from a hypothetical stand point in regards to investing.

 

[Andylusion]

When we see you demanding that everyone be doomed to poverty, we think the same about you. What a wonderful human being.

LOL.

LOL

Welfare programs shown to reduce poverty in America
Social Security Keeps 22 Million Americans Out Of Poverty: A State-By-State Analysis | Center on Budget and Policy Priorities
LOLOLOL.

And now you are typing "LOLOLOL".... really? The longer you are on this thread, the more childish you act.

Apparently my sarcastic mocking of your last non-responsive post wasn't obvious enough.

And worse, you still obviously missed everything that we've been saying this entire thread, because without even reading your posts, the information is already irrelevant.... and you don't know why I wager.

First, saying that those programs 'reduce poverty', when they cost 12.4% of their income which they could have used to have a half million dollars by now, is ridiculous. You prevented me from being a millionaire.... and now you give me $700 a month so that I'm not in poverty? All of the research ignores how wealthy one might have been, had they been allowed to keep their own money.

But let's even ignore that for a moment..........

Let's say that Social Security does "keep 22 million Americans out of poverty"..... Did you miss the memo?

Feds: Social Security Disability Fund Goes Broke Next Year
CBO warns lawmakers that Social Security is still going broke | FreedomWorks

Trustees Report Summary

After 2019, Treasury will redeem trust fund asset reserves to the extent that program cost exceeds tax revenue and interest earnings until depletion of total trust fund reserves in 2034, one year later than projected in last year’s Trustees Report. Thereafter, tax income is projected to be sufficient to pay about three-quarters of scheduled benefits through the end of the projection period in 2089.​

"But but.... 22 million out of poverty!" GOING BROKE "But but people like it!" CUTTING BENEFITS "But but!!"

THREE QUARTERS...... Right now the average Social Security check is $1,270. The average check would drop to $950.

Now the average check is lower than a Walmart Greeter makes. Some people's checks will be just $500 a month.

Even if we assume that SS is keeping people out of poverty now..... IT WON'T in the future. Which is the whole reason we're talking about it now.... or should be unless you are a brainless, left-wing mindless troll that types LOLOLOL like he's still in middle school, and doesn't care about the facts of reality. If you are one of those immature idiots... ok..... then your response is brilliantly perfect for the type of person you apparently are.

Raise the cap, and you're arguing from a hypothetical stand point in regards to investing.

Again... we've covered that. You raise the cap on Warren Buffet, and he doesn't pay even a penny more into Social Security.

Facebook's Mark Zuckerberg Now Among Billionaire CEOs Earning $1 Salary

Dozens, possibly hundreds of CEOs and super wealthy people earn just..... one dollar.

Mark Zuckerberg (Facebook)
Sergey Brin (Google)
Larry Page (Google)
Meg Whitman (HP)
Larry Ellison (Oracle)
Richard Hayne (Urban Outfitters)
Richard Kinder (Kinder Oil and Gas)
Robert Duggan (Pharmacyclics)

All of these Billionaires in billion dollar companies. All have a salary of $1. Go raise your top 1% tax rate, go raise your Social Security taxes. Go raise all the taxes you want. None of them, and millions of other people who have a low salary, won't pay so much as a PENNY of your higher tax rate.

How many times do we have to beat you over the head with the truth, before you stop spouting crap?

And this is even assuming you are going to get your tax hike to even stick. Democracy means everyone has a vote. Those rich people have a voice in the political system too, and if you think you are going to pass a "Tax the wealthy without benefits" plan, you are crazy. This is why every real socialist plan must eventually resort to tyranny. People oppose that "tax me but give me nothing for it" crap.

Once you go down that path, then you have people fleeing to Florida from Venezuela, and wondering why there are shortages across the country.

There is nothing "hypothetical" about Social Security going broke. It *WILL* happen unless the entire system is reformed. Socialism does not work, it never has, never will.

You need a better plan than "Just raise the cap". That absolutely will not work. Period. Not a fix.

 

[bripat9643]

Wrong. It doesn't take flawless mutual funds. It will take just an average rate of return.

I don't contribute to SS for the benefit of the majority. I don't give a hoot about the majority. I "contribute" because the government forces me to, and for no other reason.

What a wonderful human being.

When we see you demanding that everyone be doomed to poverty, we think the same about you. What a wonderful human being.

LOL.

LOL

Welfare programs shown to reduce poverty in America
Social Security Keeps 22 Million Americans Out Of Poverty: A State-By-State Analysis | Center on Budget and Policy Priorities
LOLOLOL.

That's pure horseshit. It ignores all the wealth this country would have if it wasn't pouring trillions of dollars down the sewer called "government."

 

[bripat9643]

LOL.

LOL

Welfare programs shown to reduce poverty in America
Social Security Keeps 22 Million Americans Out Of Poverty: A State-By-State Analysis | Center on Budget and Policy Priorities
LOLOLOL.

And now you are typing "LOLOLOL".... really? The longer you are on this thread, the more childish you act.

Apparently my sarcastic mocking of your last non-responsive post wasn't obvious enough.

And worse, you still obviously missed everything that we've been saying this entire thread, because without even reading your posts, the information is already irrelevant.... and you don't know why I wager.

First, saying that those programs 'reduce poverty', when they cost 12.4% of their income which they could have used to have a half million dollars by now, is ridiculous. You prevented me from being a millionaire.... and now you give me $700 a month so that I'm not in poverty? All of the research ignores how wealthy one might have been, had they been allowed to keep their own money.

But let's even ignore that for a moment..........

Let's say that Social Security does "keep 22 million Americans out of poverty"..... Did you miss the memo?

Feds: Social Security Disability Fund Goes Broke Next Year
CBO warns lawmakers that Social Security is still going broke | FreedomWorks

Trustees Report Summary

After 2019, Treasury will redeem trust fund asset reserves to the extent that program cost exceeds tax revenue and interest earnings until depletion of total trust fund reserves in 2034, one year later than projected in last year’s Trustees Report. Thereafter, tax income is projected to be sufficient to pay about three-quarters of scheduled benefits through the end of the projection period in 2089.​

"But but.... 22 million out of poverty!" GOING BROKE "But but people like it!" CUTTING BENEFITS "But but!!"

THREE QUARTERS...... Right now the average Social Security check is $1,270. The average check would drop to $950.

Now the average check is lower than a Walmart Greeter makes. Some people's checks will be just $500 a month.

Even if we assume that SS is keeping people out of poverty now..... IT WON'T in the future. Which is the whole reason we're talking about it now.... or should be unless you are a brainless, left-wing mindless troll that types LOLOLOL like he's still in middle school, and doesn't care about the facts of reality. If you are one of those immature idiots... ok..... then your response is brilliantly perfect for the type of person you apparently are.

Raise the cap, and you're arguing from a hypothetical stand point in regards to investing.

Again... we've covered that. You raise the cap on Warren Buffet, and he doesn't pay even a penny more into Social Security.

Facebook's Mark Zuckerberg Now Among Billionaire CEOs Earning $1 Salary

Dozens, possibly hundreds of CEOs and super wealthy people earn just..... one dollar.

Mark Zuckerberg (Facebook)
Sergey Brin (Google)
Larry Page (Google)
Meg Whitman (HP)
Larry Ellison (Oracle)
Richard Hayne (Urban Outfitters)
Richard Kinder (Kinder Oil and Gas)
Robert Duggan (Pharmacyclics)

All of these Billionaires in billion dollar companies. All have a salary of $1. Go raise your top 1% tax rate, go raise your Social Security taxes. Go raise all the taxes you want. None of them, and millions of other people who have a low salary, won't pay so much as a PENNY of your higher tax rate.

How many times do we have to beat you over the head with the truth, before you stop spouting crap?

And this is even assuming you are going to get your tax hike to even stick. Democracy means everyone has a vote. Those rich people have a voice in the political system too, and if you think you are going to pass a "Tax the wealthy without benefits" plan, you are crazy. This is why every real socialist plan must eventually resort to tyranny. People oppose that "tax me but give me nothing for it" crap.

Once you go down that path, then you have people fleeing to Florida from Venezuela, and wondering why there are shortages across the country.

There is nothing "hypothetical" about Social Security going broke. It *WILL* happen unless the entire system is reformed. Socialism does not work, it never has, never will.

You need a better plan than "Just raise the cap". That absolutely will not work. Period. Not a fix.

The people he really intends to skewer with his tax hike are middle class Americans like me. That's always who gets it in the ass by leftwing schemes to soak the rich.

 

[nat4900]

That's pure horseshit. It ignores all the wealth this country would have if it wasn't pouring trillions of dollars down the sewer called "government."

A round-about definition of "anarchy" ???? (IDIOT !!!)

 

[bripat9643]

That's pure horseshit. It ignores all the wealth this country would have if it wasn't pouring trillions of dollars down the sewer called "government."

A round-about definition of "anarchy" ???? (IDIOT !!!)

No, it's an accurate description of government under liberalism.

 

[mikegriffith1]

A few points in reply to the liberal ignorance displayed in the OP:

* There is no money in the SS fund. That fund was raided back in the 1990s and it has contained nothing but an IOU since then. And the government that stole that money is now $18 trillion in debt and is still running a deficit. Yet, incredibly, liberals trust the government more than they do the private sector.

* Many investment funds suffered little or no loss in the recent downturn. It depends on which funds you choose as your investments. (My two funds lost almost nothing.)

* History shows that over the long term the stock market has been a sound investment, in most cases. You can't judge by a 1-year period or a 2-month period, etc.

* There are other investment options besides the stock market. You can invest in rollover CDs, for example. A decent rollover CD account would give you more money at the end of 40 years than you would get from SS.

 

[nat4900]

A few points in reply to the liberal ignorance displayed in the OP:

* There is no money in the SS fund. That fund was raided back in the 1990s and it has contained nothing but an IOU since then. And the government that stole that money is now $18 trillion in debt and is still running a deficit. Yet, incredibly, liberals trust the government more than they do the private sector.

* Many investment funds suffered little or no loss in the recent downturn. It depends on which funds you choose as your investments. (My two funds lost almost nothing.)

* History shows that over the long term the stock market has been a sound investment, in most cases. You can't judge by a 1-year period or a 2-month period, etc.

* There are other investment options besides the stock market. You can invest in rollover CDs, for example. A decent rollover CD account would give you more money at the end of 40 years than you would get from SS.

What right wing MORONS (like you) constantly fail to understand is this.....

Social Security serves as the bare-minimum of safety nets for common Americans who may not be "savvy" enough to play at the stock market casino and dodge all the swindlers that hang out on Wall Street.

Second, YES, every citizen should look for other sources of retirement nest-eggs beyond social security.....Real estate, C-Ds, and some gambling with Wall Street should all be entertained.

Third, SS needs fixing...NO LEFT WINGER denies that....and there are tons of reasonable suggestions out there to NOT throw out "the baby with the bath water".....

 

[Andylusion]

That's pure horseshit. It ignores all the wealth this country would have if it wasn't pouring trillions of dollars down the sewer called "government."

A round-about definition of "anarchy" ???? (IDIOT !!!)

Look at Greece. Anarchy is where your system eventually leads.

 

[David_42]

That's pure horseshit. It ignores all the wealth this country would have if it wasn't pouring trillions of dollars down the sewer called "government."

A round-about definition of "anarchy" ???? (IDIOT !!!)

Look at Greece. Anarchy is where your system eventually leads.

Keep obsessing over Greece, it's as if countries never have any problems, ever. LOL.

 

[David_42]

LOL.

LOL

Welfare programs shown to reduce poverty in America
Social Security Keeps 22 Million Americans Out Of Poverty: A State-By-State Analysis | Center on Budget and Policy Priorities
LOLOLOL.

And now you are typing "LOLOLOL".... really? The longer you are on this thread, the more childish you act.

Apparently my sarcastic mocking of your last non-responsive post wasn't obvious enough.

And worse, you still obviously missed everything that we've been saying this entire thread, because without even reading your posts, the information is already irrelevant.... and you don't know why I wager.

First, saying that those programs 'reduce poverty', when they cost 12.4% of their income which they could have used to have a half million dollars by now, is ridiculous. You prevented me from being a millionaire.... and now you give me $700 a month so that I'm not in poverty? All of the research ignores how wealthy one might have been, had they been allowed to keep their own money.

But let's even ignore that for a moment..........

Let's say that Social Security does "keep 22 million Americans out of poverty"..... Did you miss the memo?

Feds: Social Security Disability Fund Goes Broke Next Year
CBO warns lawmakers that Social Security is still going broke | FreedomWorks

Trustees Report Summary

After 2019, Treasury will redeem trust fund asset reserves to the extent that program cost exceeds tax revenue and interest earnings until depletion of total trust fund reserves in 2034, one year later than projected in last year’s Trustees Report. Thereafter, tax income is projected to be sufficient to pay about three-quarters of scheduled benefits through the end of the projection period in 2089.​

"But but.... 22 million out of poverty!" GOING BROKE "But but people like it!" CUTTING BENEFITS "But but!!"

THREE QUARTERS...... Right now the average Social Security check is $1,270. The average check would drop to $950.

Now the average check is lower than a Walmart Greeter makes. Some people's checks will be just $500 a month.

Even if we assume that SS is keeping people out of poverty now..... IT WON'T in the future. Which is the whole reason we're talking about it now.... or should be unless you are a brainless, left-wing mindless troll that types LOLOLOL like he's still in middle school, and doesn't care about the facts of reality. If you are one of those immature idiots... ok..... then your response is brilliantly perfect for the type of person you apparently are.

Raise the cap, and you're arguing from a hypothetical stand point in regards to investing.

Again... we've covered that. You raise the cap on Warren Buffet, and he doesn't pay even a penny more into Social Security.

Facebook's Mark Zuckerberg Now Among Billionaire CEOs Earning $1 Salary

Dozens, possibly hundreds of CEOs and super wealthy people earn just..... one dollar.

Mark Zuckerberg (Facebook)
Sergey Brin (Google)
Larry Page (Google)
Meg Whitman (HP)
Larry Ellison (Oracle)
Richard Hayne (Urban Outfitters)
Richard Kinder (Kinder Oil and Gas)
Robert Duggan (Pharmacyclics)

All of these Billionaires in billion dollar companies. All have a salary of $1. Go raise your top 1% tax rate, go raise your Social Security taxes. Go raise all the taxes you want. None of them, and millions of other people who have a low salary, won't pay so much as a PENNY of your higher tax rate.

How many times do we have to beat you over the head with the truth, before you stop spouting crap?

And this is even assuming you are going to get your tax hike to even stick. Democracy means everyone has a vote. Those rich people have a voice in the political system too, and if you think you are going to pass a "Tax the wealthy without benefits" plan, you are crazy. This is why every real socialist plan must eventually resort to tyranny. People oppose that "tax me but give me nothing for it" crap.

Once you go down that path, then you have people fleeing to Florida from Venezuela, and wondering why there are shortages across the country.

There is nothing "hypothetical" about Social Security going broke. It *WILL* happen unless the entire system is reformed. Socialism does not work, it never has, never will.

You need a better plan than "Just raise the cap". That absolutely will not work. Period. Not a fix.

Raising the contribution cap isn't directly targeted at specific billionaires.. Idiot.

 

[bripat9643]

That's pure horseshit. It ignores all the wealth this country would have if it wasn't pouring trillions of dollars down the sewer called "government."

A round-about definition of "anarchy" ???? (IDIOT !!!)

Look at Greece. Anarchy is where your system eventually leads.

Keep obsessing over Greece, it's as if countries never have any problems, ever. LOL.

Nope. Countries frequently spend themselves into bankruptcy. It's a shame you aren't able to learn anything buy watching the mistakes others make.

 

[bripat9643]

A few points in reply to the liberal ignorance displayed in the OP:

* There is no money in the SS fund. That fund was raided back in the 1990s and it has contained nothing but an IOU since then. And the government that stole that money is now $18 trillion in debt and is still running a deficit. Yet, incredibly, liberals trust the government more than they do the private sector.

* Many investment funds suffered little or no loss in the recent downturn. It depends on which funds you choose as your investments. (My two funds lost almost nothing.)

* History shows that over the long term the stock market has been a sound investment, in most cases. You can't judge by a 1-year period or a 2-month period, etc.

* There are other investment options besides the stock market. You can invest in rollover CDs, for example. A decent rollover CD account would give you more money at the end of 40 years than you would get from SS.

What right wing MORONS (like you) constantly fail to understand is this.....

Social Security serves as the bare-minimum of safety nets for common Americans who may not be "savvy" enough to play at the stock market casino and dodge all the swindlers that hang out on Wall Street.

Second, YES, every citizen should look for other sources of retirement nest-eggs beyond social security.....Real estate, C-Ds, and some gambling with Wall Street should all be entertained.

Third, SS needs fixing...NO LEFT WINGER denies that....and there are tons of reasonable suggestions out there to NOT throw out "the baby with the bath water".....

Further looting of taxpayers isn't what any reasonable person would call a "fix" for Social Security.

 

[Andylusion]

A few points in reply to the liberal ignorance displayed in the OP:

* There is no money in the SS fund. That fund was raided back in the 1990s and it has contained nothing but an IOU since then. And the government that stole that money is now $18 trillion in debt and is still running a deficit. Yet, incredibly, liberals trust the government more than they do the private sector.

* Many investment funds suffered little or no loss in the recent downturn. It depends on which funds you choose as your investments. (My two funds lost almost nothing.)

* History shows that over the long term the stock market has been a sound investment, in most cases. You can't judge by a 1-year period or a 2-month period, etc.

* There are other investment options besides the stock market. You can invest in rollover CDs, for example. A decent rollover CD account would give you more money at the end of 40 years than you would get from SS.

What right wing MORONS (like you) constantly fail to understand is this.....

Social Security serves as the bare-minimum of safety nets for common Americans who may not be "savvy" enough to play at the stock market casino and dodge all the swindlers that hang out on Wall Street.

Second, YES, every citizen should look for other sources of retirement nest-eggs beyond social security.....Real estate, C-Ds, and some gambling with Wall Street should all be entertained.

Third, SS needs fixing...NO LEFT WINGER denies that....and there are tons of reasonable suggestions out there to NOT throw out "the baby with the bath water".....

Thank you for arrogantly assume that vast numbers of people are not savvy enough to play the stock market.

A 6th grader with a calculator can wisely invest.

But let's even assume that you are correct (which you are not), even then, WE ALREADY GAVE A SOLUTION.... one of the investment options can be a Municipal Bond fund. That is, investing in government T-Bonds. While it's no better of Return On Investment than Social Security, it's still better than SS in that if you work after retirement age, you don't lose your money (you lose your money with SS), and you don't keep paying into a private fund, for benefits you don't get (with SS you pay taxes into SS, for benefits you are not getting).

If you are too pathetic as a person to understand the most simple of concepts (Buy a stock market mutual fund with long track records, and a decent rate of return)..... ok.... you can buy a Bond Fund, and not buy stocks at all.

You will *STILL* be better off than Social Security.

And lastly, even Chili has a last resort, government paid for minimum pension. If you do so poorly, that you don't save enough for retirement, then the government will step in. But the private pensions have done so well, that few if any, use the government base pension. They all do better off under the private plan.

Just like all those people in Texas under the alternative plan, have all, without exception, done better than Social Security. The lowest income people have done better. The highest income people have done better. Everyone has done better.

So you can keep spamming links, and spewing propaganda, the facts are not on your side.

 

[David_42]

A few points in reply to the liberal ignorance displayed in the OP:

* There is no money in the SS fund. That fund was raided back in the 1990s and it has contained nothing but an IOU since then. And the government that stole that money is now $18 trillion in debt and is still running a deficit. Yet, incredibly, liberals trust the government more than they do the private sector.

* Many investment funds suffered little or no loss in the recent downturn. It depends on which funds you choose as your investments. (My two funds lost almost nothing.)

* History shows that over the long term the stock market has been a sound investment, in most cases. You can't judge by a 1-year period or a 2-month period, etc.

* There are other investment options besides the stock market. You can invest in rollover CDs, for example. A decent rollover CD account would give you more money at the end of 40 years than you would get from SS.

What right wing MORONS (like you) constantly fail to understand is this.....

Social Security serves as the bare-minimum of safety nets for common Americans who may not be "savvy" enough to play at the stock market casino and dodge all the swindlers that hang out on Wall Street.

Second, YES, every citizen should look for other sources of retirement nest-eggs beyond social security.....Real estate, C-Ds, and some gambling with Wall Street should all be entertained.

Third, SS needs fixing...NO LEFT WINGER denies that....and there are tons of reasonable suggestions out there to NOT throw out "the baby with the bath water".....

Thank you for arrogantly assume that vast numbers of people are not savvy enough to play the stock market.

A 6th grader with a calculator can wisely invest.

But let's even assume that you are correct (which you are not), even then, WE ALREADY GAVE A SOLUTION.... one of the investment options can be a Municipal Bond fund. That is, investing in government T-Bonds. While it's no better of Return On Investment than Social Security, it's still better than SS in that if you work after retirement age, you don't lose your money (you lose your money with SS), and you don't keep paying into a private fund, for benefits you don't get (with SS you pay taxes into SS, for benefits you are not getting).

If you are too pathetic as a person to understand the most simple of concepts (Buy a stock market mutual fund with long track records, and a decent rate of return)..... ok.... you can buy a Bond Fund, and not buy stocks at all.

You will *STILL* be better off than Social Security.

And lastly, even Chili has a last resort, government paid for minimum pension. If you do so poorly, that you don't save enough for retirement, then the government will step in. But the private pensions have done so well, that few if any, use the government base pension. They all do better off under the private plan.

Just like all those people in Texas under the alternative plan, have all, without exception, done better than Social Security. The lowest income people have done better. The highest income people have done better. Everyone has done better.

So you can keep spamming links, and spewing propaganda, the facts are not on your side.

You cite a couple of counties and ignore the fact that the poor there are worse off. Idiot.

 

[Andylusion]

A few points in reply to the liberal ignorance displayed in the OP:

* There is no money in the SS fund. That fund was raided back in the 1990s and it has contained nothing but an IOU since then. And the government that stole that money is now $18 trillion in debt and is still running a deficit. Yet, incredibly, liberals trust the government more than they do the private sector.

* Many investment funds suffered little or no loss in the recent downturn. It depends on which funds you choose as your investments. (My two funds lost almost nothing.)

* History shows that over the long term the stock market has been a sound investment, in most cases. You can't judge by a 1-year period or a 2-month period, etc.

* There are other investment options besides the stock market. You can invest in rollover CDs, for example. A decent rollover CD account would give you more money at the end of 40 years than you would get from SS.

What right wing MORONS (like you) constantly fail to understand is this.....

Social Security serves as the bare-minimum of safety nets for common Americans who may not be "savvy" enough to play at the stock market casino and dodge all the swindlers that hang out on Wall Street.

Second, YES, every citizen should look for other sources of retirement nest-eggs beyond social security.....Real estate, C-Ds, and some gambling with Wall Street should all be entertained.

Third, SS needs fixing...NO LEFT WINGER denies that....and there are tons of reasonable suggestions out there to NOT throw out "the baby with the bath water".....

Thank you for arrogantly assume that vast numbers of people are not savvy enough to play the stock market.

A 6th grader with a calculator can wisely invest.

But let's even assume that you are correct (which you are not), even then, WE ALREADY GAVE A SOLUTION.... one of the investment options can be a Municipal Bond fund. That is, investing in government T-Bonds. While it's no better of Return On Investment than Social Security, it's still better than SS in that if you work after retirement age, you don't lose your money (you lose your money with SS), and you don't keep paying into a private fund, for benefits you don't get (with SS you pay taxes into SS, for benefits you are not getting).

If you are too pathetic as a person to understand the most simple of concepts (Buy a stock market mutual fund with long track records, and a decent rate of return)..... ok.... you can buy a Bond Fund, and not buy stocks at all.

You will *STILL* be better off than Social Security.

And lastly, even Chili has a last resort, government paid for minimum pension. If you do so poorly, that you don't save enough for retirement, then the government will step in. But the private pensions have done so well, that few if any, use the government base pension. They all do better off under the private plan.

Just like all those people in Texas under the alternative plan, have all, without exception, done better than Social Security. The lowest income people have done better. The highest income people have done better. Everyone has done better.

So you can keep spamming links, and spewing propaganda, the facts are not on your side.

You cite a couple of counties and ignore the fact that the poor there are worse off. Idiot.

But they are not. You are just wrong.

I already posted congressional testimony, from people in those countries who testified before congress, giving the evidence that the poorest in our countries receives less from social security relative to our per capita income, than those in Chili do.

Now if you are claiming that they lied in congressional testimony.... I'd love to see you prove it. While you are at it, explain why SS supporters in government failed to call out those lies, and prosecute for false testimony.

And even if it was true that poor people are doing well under SS (which it isn't true at all), you constantly ignore the fact it's still going broke. The payouts SS is giving today, will not be the payouts it's giving in the future. Benefits will be cut, now or later. It's going to happen. The only question is when.

And no, tax hikes on people is not going to solve the problem. I've already pointed that out. The more you raise taxes, the more people will avoid them, just like Greece.

Again, over and over... SS is not a win. It's a fail.

 

[nat4900]

Keep obsessing over Greece, it's as if countries never have any problems, ever. LOL.

The dimwitted right wingers will keep comparing OUR economy with Greece's because........well, because they're stupid, biased, and hard-headed.

Greece's economy ranks about 50th in the world.....It relies almost exclusively on tourism and shipping (and some agriculture...they make excellent olive oil)...........Compare the latter to the US economy and ANY objective reviewer would also call right wingers, idiots...as anyone should.

 

[nat4900]

countries receives less from social security relative to our per capita income, than those in Chili do.

First of all its CHILE (not chili peppers)....but more importantly instead of relying on right wing sources, LEARN the problems that Chile is having with its "privatized" retirement system......Chile's system is FAILING !!!

 

[Andylusion]

That's pure horseshit. It ignores all the wealth this country would have if it wasn't pouring trillions of dollars down the sewer called "government."

A round-about definition of "anarchy" ???? (IDIOT !!!)

Look at Greece. Anarchy is where your system eventually leads.

Keep obsessing over Greece, it's as if countries never have any problems, ever. LOL.

Every single country that has engaged in socialism, has had problems in the areas they have socialized.

In the case of pension systems, the problem is universal. Every system in every country, where it is socialized, has had problems. The more socialized, the more problems.

Greece is the poster child for the topic we're discussing right now, because their system is almost exactly like our system. And they were having the exact same conversation for almost two decade prior to the crash, that we're havingt right now.

The people like you, who said there was nothing wrong, stick their heads in the sand, and scream tax-the-rich, won that argument in Greece for nearly 20 years.

And yet.... here they are. Pension are cut. Jobs are gone. The rich packed up and left. The system is broke. The country is in chaos.

Now if you are driving along, and the 'oil low' light comes on in your car, and you look around at other people who had the 'oil low' light come on, and they said "It's fine. That light is wrong", and their cars all blew up, you would very foolish to conclude that you should ignore the light, and keep driving.

We've been saying there's a problem for years, and that eventually Social Security will lose money.

You, and those like you, denied that.

Well now it's losing money. We were right... you and those like you were wrong.

Now we're telling you that it will eventually run out of money, and have $1.1 Trillion dollar deficits in the coming years.

You and those like you, are ignoring it, just like those in Greece ignored the warnings.

I don't want us to end up like Greece..... but if you keep ignoring the warning lights, the system will implode. If we do exactly what other people who failed, did..... we'll have the same results they did.

It's called Wisdom. Looking at the world, as it is, not as you think it should be, and making intelligent choices based on that.

 

[David_42]

That's pure horseshit. It ignores all the wealth this country would have if it wasn't pouring trillions of dollars down the sewer called "government."

A round-about definition of "anarchy" ???? (IDIOT !!!)

Look at Greece. Anarchy is where your system eventually leads.

Keep obsessing over Greece, it's as if countries never have any problems, ever. LOL.

Every single country that has engaged in socialism, has had problems in the areas they have socialized.

In the case of pension systems, the problem is universal. Every system in every country, where it is socialized, has had problems. The more socialized, the more problems.

Greece is the poster child for the topic we're discussing right now, because their system is almost exactly like our system. And they were having the exact same conversation for almost two decade prior to the crash, that we're havingt right now.

The people like you, who said there was nothing wrong, stick their heads in the sand, and scream tax-the-rich, won that argument in Greece for nearly 20 years.

And yet.... here they are. Pension are cut. Jobs are gone. The rich packed up and left. The system is broke. The country is in chaos.

Now if you are driving along, and the 'oil low' light comes on in your car, and you look around at other people who had the 'oil low' light come on, and they said "It's fine. That light is wrong", and their cars all blew up, you would very foolish to conclude that you should ignore the light, and keep driving.

We've been saying there's a problem for years, and that eventually Social Security will lose money.

You, and those like you, denied that.

Well now it's losing money. We were right... you and those like you were wrong.

Now we're telling you that it will eventually run out of money, and have $1.1 Trillion dollar deficits in the coming years.

You and those like you, are ignoring it, just like those in Greece ignored the warnings.

I don't want us to end up like Greece..... but if you keep ignoring the warning lights, the system will implode. If we do exactly what other people who failed, did..... we'll have the same results they did.

It's called Wisdom. Looking at the world, as it is, not as you think it should be, and making intelligent choices based on that.

The self proclaimed rational genius from central ohio with vast world experience is at it again guys. LOL.