If you were to retire in 30 years...

[KMAN]

would you rather have Social Security or a 401k for your reitrement plan? and why?


My thought is a 401k... I don't really believe Social Security is going to be there for me when I retire unless we keep increasing taxes. Plus where in the constitution does it say that other people should pay for my retirement? Besides I think I could get a better rate of return on my money than the government could with my money. That way when I die my kids will get my 401k money...they definitely won't be getting my Social Security money.

What does everyone think?

 

[manifold]

If I had to choose...401K obviously. But I'll cash those SS checks too and not lose a wink of sleep over it.


On a side note: Where does it say in the Constitution that other people have to pay for the roads you drive on?

 

[KMAN]

If I had to choose...401K obviously. But I'll cash those SS checks too and not lose a wink of sleep over it.


On a side note: Where does it say in the Constitution that other people have to pay for the roads you drive on?

I agree... Let private companies build the roads and have the people who use the roads pay a toll to that company... Let's do it! The lower the taxes the better!

 

[manifold]

Who owns the roads?

 

[busara]

would you rather have Social Security or a 401k for your reitrement plan? and why?


My thought is a 401k... I don't really believe Social Security is going to be there for me when I retire unless we keep increasing taxes. Plus where in the constitution does it say that other people should pay for my retirement? Besides I think I could get a better rate of return on my money than the government could with my money. That way when I die my kids will get my 401k money...they definitely won't be getting my Social Security money.

What does everyone think?

it is my understanding that social security was never meant to be a retirement plan, just extra income to help pay for medical expenses as you get older. am i wrong on this?

 

[CharlestonChad]

I agree... Let private companies build the roads and have the people who use the roads pay a toll to that company... Let's do it! The lower the taxes the better!

No thanks. I don't want to have to stop at a toll everytime I want to drive somewhere.

 

[random3434]

No thanks. I don't want to have to stop at a toll everytime I want to drive somewhere.

You just described Chicago!

 

[busara]

No thanks. I don't want to have to stop at a toll everytime I want to drive somewhere.

if you get ezpass you wont have to stop

 

[Jon]

Besides I think I could get a better rate of return on my money than the government could with my money.

You think the government is getting ANY rate of return on your money? Hahaha, seriously?

I would much, much rather have full control over where my money is going. Social Security is a complete joke, and I would rather see it completely abolished. Force people to be fiscally responsible. The only bad thing is if we give people more money on each pay check and they don't invest it, they blow it on useless stuff. Hey, that's just more money back into the economy.

 

[manifold]

if you get ezpass you wont have to stop

That would likely go away under the KMAN privitopia model. How you gonna force all the private landowners to use the same system? You'd have tolls every half-mile. That'd be wicked efficient!

 

[KMAN]

Let's not forget that this thread was to talk about retirement plans...not roads. but... Some of you may find this hard to believe but if we can put a man on the moon there is probably a good chance a private company could figure out a convenient way to get their roads paid for. Atleast we would know where our money was going. Is ther anyone that knows where their tax money is going right now?

Or we could let the state government take care of the roads... That way I don't have to pay for the city of Los Angeles, or other big cities who probably need much more repair than where I live...

Why do some of you want the federal government in charge of everything?

 

[midcan5]

would you rather have Social Security or a 401k for your reitrement plan? and why?


My thought is a 401k... I don't really believe Social Security is going to be there for me when I retire unless we keep increasing taxes. Plus where in the constitution does it say that other people should pay for my retirement? Besides I think I could get a better rate of return on my money than the government could with my money. That way when I die my kids will get my 401k money...they definitely won't be getting my Social Security money.

What does everyone think?

American society needs both so long as we run as a capitalist nation for the poor and a socialist nation for the rich. Too many people depend on it and it is why you hear nothing about it today till the next GOP wacko gets in office and wants to reward the crooks and robbers, aka the rich socialists with more money. We all need to support SS, it is one of the few great things Americans are doing for Americans today.

"One man's retirement math: Social Security wins"

One man's retirement math: Social Security wins | csmonitor.com


A vote for John McCain is a vote against the fundamental principle of America, the right of the individual to lead their life privately without the government interfering.

John McCain on the Issues

Overturn Roe v. Wade, but keep incest & rape exceptions. (Jan 2000)
We need personal savings accounts. (Oct 2007) SS

 

[manifold]

Let's not forget that this thread was to talk about retirement plans...not roads. but... Some of you may find this hard to believe but if we can put a man on the moon there is probably a good chance a private company could figure out a convenient way to get their roads paid for. Atleast we would know where our money was going. Is ther anyone that knows where their tax money is going right now?

Or we could let the state government take care of the roads... That way I don't have to pay for the city of Los Angeles, or other big cities who probably need much more repair than where I live...

Why do some of you want the federal government in charge of everything?

I'm not saying your point isn't without merit. I just think it's a bit oversimplistic and not fully thought through that is all. And btw, putting a man on the moon isn't exactly the best point to raise in support of private solutions. That was big gubmint that got that done.

 

[Ravi]

heh

 

[KMAN]

American society needs both so long as we run as a capitalist nation for the poor and a socialist nation for the rich. Too many people depend on it and it is why you hear nothing about it today till the next GOP wacko gets in office and wants to reward the crooks and robbers, aka the rich socialists with more money. We all need to support SS, it is one of the few great things Americans are doing for Americans today.

"One man's retirement math: Social Security wins"

One man's retirement math: Social Security wins | csmonitor.com


A vote for John McCain is a vote against the fundamental principle of America, the right of the individual to lead their life privately without the government interfering.

John McCain on the Issues

Overturn Roe v. Wade, but keep incest & rape exceptions. (Jan 2000)
We need personal savings accounts. (Oct 2007) SS

So how far should the tax rate increase to support this? Is there a limit?

 

[editec]

I agree... Let private companies build the roads and have the people who use the roads pay a toll to that company... Let's do it! The lower the taxes the better!

Are you really that totally clueless?

Private industry already builds the roads.

Governments federal state and local generally pay them to do so.

 

[KMAN]

Are you really that totally clueless?

Private industry already builds the roads.

Governments federal state and local generally pay them to do so.

You are a liberal aren't you... I can tell because you don't provide any facts and you can't understand a word I am saying...

Go vote for the Savior Barack Hussein Obama and send this economy straight into the ground...

 

[Ravi]

You are a liberal aren't you... I can tell because you don't provide any facts and you can't understand a word I am saying...

Go vote for the Savior Barack Hussein Obama and send this economy straight into the ground...

You actually need proof that the government pays private companies to build roads?

 

[jillian]

You actually need proof that the government pays private companies to build roads?

Ravi, you know what you're dealing with the minute you start seeing the Hussein thing...

 

[manifold]

Are you really that totally clueless?

Private industry already builds the roads.

Governments federal state and local generally pay them to do so.

I can't speak for KMAN but I understood his definition of private industry to imply NOT taxpayer funded. I could be wrong though since sometimes he doesn't speak for himself any better than I could speak for him.