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It's a discussion about phasing out SS, Simp.How would one "choose" a "Galveston Plan" over SS (unless one moved to Galveston and was employed by the county there)?
The Galveston Plan is similar to SS in that it is mostly funded by general tax revenues. It has weak points as well as strong points when compared to SS. It has not been widely copied. It has not been in existence long enough to be proven a better alternative to SS. It is also very small, involving fewer than 2000 employees.It's a discussion about phasing out SS, Simp.
There is a model out there that has been very successful. We should transition to a plan like theirs nationally before the SS Ponzi scheme implodes.
No real way to figure that out. I wouldn't have saved of my own volition. SS to the rescue. Also, you collect SS as long as you live, so if you outlive your 'life expectancy' it's very profitable.
And you think that's wealth?Closer to $20,000/yr. average. I get $24,000/yr. And we're getting a 6 percent bump this year.
See post#241.And you think that's wealth?
I already told you that SS has robbed you of wealth.See post#241.
No, it is funded be employee and employer contributions.The Galveston Plan is similar to SS in that it is mostly funded by general tax revenues. It has weak points as well as strong points when compared to SS. It has not been widely copied. It has not been in existence long enough to be proven a better alternative to SS. It is also very small, involving fewer than 2000 employees.
The "employer" is the county, a tax funded government agency.No, it is funded be employee and employer contributions.
You are presenting an unrealistic assumption. I have no way of opting out of SS.I already told you that SS has robbed you of wealth.
See post #152
You would have been better off if you had control of your money.You are presenting an unrealistic assumption. I have no way of opting out of SS.
That is also an assumption on your part. Looking back, I'm glad I paid into SS.You would have been better off if you had control of your money.
Me too. I get $2800/ month. My wife gets $1200That is also an assumption on your part. Looking back, I'm glad I paid into SS.
My portfolio produces more than I need every month and will never run out. In fact I'll have more money in 20 years than I do now because I'm earning more interest than I take out.Me too. I get $2800/ month. My wife gets $1200
That’s a good place to start
It's not an assumption it is based on historical fact.That is also an assumption on your part. Looking back, I'm glad I paid into SS.
When I was just starting out I perused a "how to get rich" book. After just a couple of pages I abandoned the idea. I wanted to have some fun with my money, not deny myself of everything for the sake of wealth. I didn't get serious about it until I was in my forties. Since then I have done just fine.
Sounds like you ain't hurting at all.My portfolio produces more than I need every month and will never run out. In fact I'll have more money in 20 years than I do now because I'm earning more interest than I take out.
And I didn't have to wait until 67 to retire
If i didn't get robbed by SS I would have retired in my 40s instead of my 50s
Yeah why make life better for people who come after you?Sounds like you ain't hurting at all.
Stop whining
By guaranteeing them a decent retirement?Yeah why make life better for people who come after you?
Why deny other people the chance to actually have a measure of wealth instead of relying on the fucking government?
By guaranteeing them a decent retirement?
I'll do that every time
The Propaganda Campaign To Wreck Social Security Is Right On Track
Keep proving that thread title genius
Would you have any federal regulations on that 100% privatization, including the functioning of the plans?And I want it SS to be 100% privatized because the fucking government is the most malfeasant entity on this planet when it comes to handling money
