Skip to comments.The generational war exposed in the Democratic primary
Posted on 01/08/2008 7:59:45 PM PST by tralfaz7
The exit polls have shown, the Democratic primary is turning into a battle between the people that pay for Social Security and those that collect it.
(Excerpt) Read more at firstfriday.wordpress.com ...
Curious statement. Are not the dems the ones who say that we cannot allow the unwashed to take charge of even part of their Social Security with private accounts?
Does that not mean that the collectors of Social Security have already paid for it?
Many times over?
Of course. Social security and medicare recipients will screw the next generations financially to protect their entitlements.
Hillary also has women who want no husbands and a government who will pay them as if they are married.
Hispanics love Hillary and her “let everyone in” mentality.
In short, Hillary is the High Priestess of Entitlements! Bring us your lazy, stupid and criminally motivated.
Yesterday we were told it was generational. Today the two old fuddy duddieds of status quo won.
I Hate New Hampshire. tonight they chose not to live free.
>will screw the next generations financially
Haven’t those elderly already been paying SS all of their lives?
NH: Tax hard or cry.
Social security is NOT an entitlement for those who have been paying into it for 40 years. Entitlement implies getting something for free......SS is hardley free at 7% of each paycheck.
Honestly, it *is* an entitlement. It certainly isn’t an ‘investment’, as it really returns *less* than inflation. It’s basically an entitlement that the working folks pay to the retired. As was the case before. When you pay the 7% it’s to pay for the currently retired. From that standpoint, I can see how a good number(myself included) would want to break the cycle, ie, not pay for a current entitlement in order to expect their own entitlement later.
Furthermore, in order to break that cycle, I’d be willing to pay for the said entitlement for another 5 years without expecting anything in return in order to get rid of it for the time after the 5 years expired.
By the way, ‘entitlement’ doesn’t imply getting something for free. Entitlement means getting something that someone *else* pays for, because there is no free lunch. And that is EXACTLY what SS is. The fact people have been duped by the govm’t to pay into it for 40 years is something those people should face, and those of us who’d like to *not* pay for it shouldn’t have to.
Most people, probably 75% or more, who are collecting social security benefits have passed their break even points by years.
I believe that the present time to break-even for most retirees is aobut four years. After that, it’s a free ride paid for by the next generation.
A huge fraud perpetrated in 1983 when the so-called social security trust fund was set up so that the boomers could pre-pay their retirement, and the money was proptly spent. As a result, new retirees and their children face a double whammy. All the trillions that were spent will have to be taxed back from our grandkids, and the folks whos pockets have been picked weren’t able to save that money on their own.
The alleged bargain of 1983 was that the Government would save the money for the boomers, but it lied, and spent the money instead.
Everyone has been swindled. We’re all victims.
But never ever allow yourself to think that the the benefits that seniors are drawing now were fully paid by them through their payroll deductionas and employer contributions. That’s just not the case.
Does this really have to be explained again? What you and I have been paying “into” is not really a retirement system, and there’s nothing there to collect. SS is just another tax. The money you and I paid into it is gone, already spent as part of the general fund.
It’s true that people have been collecting SS money for years, but that’s just a hook to fool the mass of rubes (the soon-to-start-retiring-in-large-numbers baby boomers). Politicians from an earlier era, many now dead, promised voters that if the voters would just support higher taxes, then yet-unborn generations would pay for everyone’s retirement.
Thing is, those yet-unborn generations didn’t take part in that deal, and they have no obligation to fund it. SS may owe you, and I, vast amounts of money, but, unfortunately, SS doesn’t really exist. It’s an accounting fiction. Might as well claim that the tooth fairy owes you cash for the teeth dropping out of your head.
Just curious, where did you get that figure?
The person recieving SS already paid into it. There is no free lunch any more than getting money back on a savings account after 40 years is a free lunch.
And that is EXACTLY what SS is. The fact people have been duped by the govmt to pay into it for 40 years is something those people should face, and those of us whod like to *not* pay for it shouldnt have to.
Its not a matter of being duped, its required by law to pay into SS. Most of us would happily opt out for a 401k or something else but we cannot.
What you want is to steal the money from those who have already paid into it by not giving them their deserved benefits. But this is a moot argument anyway. Like it or not SS is here to stay for at least a while and you WILL be paying into it. Hopefully when it is your time to recieve benefits you won't get the same illogical diatribe we are getting from you now.
Ping list for the discussion of the politics and social (and sometimes nostalgic) aspects that directly effects Generation Reagan / Generation-X (Those born from 1965-1981) including all the spending previous generations are doing that Gen-X and Y will end up paying for.
Freep mail me to be added or dropped. See my home page for details and previous articles.
And, of course, the employer is required to match that 7%, so it is actually 14% per year that goes in. No one but the government could manage a lifetime withholding of 14% per year so badly.
Oh no, I'm sure that people who call it an "entitlement" will stick to their guns, when they are old enough and not accept any SS checks.
No doubt they will, in fact they will publicly burn their SS checks in protest./s
Here is the problem that America is facing today. We have two generations that have been taught and believe that everything should be free. They have taken the bait of promised give aways and fail to understand that nothing is free. America has chosen the way of socialism through the Democrat platform of promises. The day will arrive when the tax rate is so high in Americal that people will be slaves of the state. When we hit the 80% tax bracket, who and what will be “FREE?” Americal has lost her way and the fundamental principles she was built upon. The change has already taken place, judgment has fallen, and America is dead. With two lost generations — America has lost her soul.
Ah, but that’s the fallacy. You’re blaming us who’re paying for it right now and complainging about it for the fact that those who paid into it let the goverment spend it/waste it otherwise.
In my opinion, as I oppose the whole concept, it’s not my/ours fault or obligation. However, I’m willing to *donate* *MY* *HARD* earned money to transition things, and therefore are doing a favor to the system, so don’t give me the ‘illogical diatribe’ crap. It’s perfectly logical from my standpoint, just because you don’t agree or scared others think like this doesn’t make it so.
I personally don’t expect to see a damn dime out of the deal. And, being self employed, I’m double on the hook. Whoever right now my age (Gen X) is counting on SS 30 years from now, is living in a pipe dream. I’m not looking to ‘steal’ anything from anyone, just don’t believe that I owe anyone anything just because they failed to change the system.
And let me add to that, more and more folks are getting smart about taking their income offshore, and I’m not talking just about ‘rich’ folks. One of these days I just might say forget all that and take it all out of reach. Have fun then.
Instead, we should all work towards a solution that should work for everyone. Everyone will have to sacrifice, *including* those who have put in money for 40 years, and those of us who are forced to contribute now but won’t see (or expect to see) anything in the future.
As a matter of fact, I will be greatly surprised if 30 years from now a SS check (or any kind of check) arrives from the goverment. And if it does, I will be quite disappointed.
I’ve arrived here with nothing, and expect nothing other than what I earn with my skills and hard work. Certainly not a check from other hard working taxpayers.
Not to mention the travesty of the horrible returns the SS money is really making.
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