Fold.
Posted on 04/10/2007 7:21:00 PM PDT by shrinkermd
“Want people to wake up? Point out that sports are a dangerous, addictive product marketed to children and get them banned. That ought to do it.”
Excellent Point!!!
“what the H do people want from us....
you better believe we will take whatever SS benefit there is....we deserve it.”
We want the same thing you want. Free stuff back from our outrageous taxes.
However, most X’ers are quite clear on the fact that not only are we not going to ever see a dime of the social security taxes you’re soaking out of us, to think because the government has told us we’re to receive something means we *deserve* it is innane.
You guys amaze me. We’re in the exact same position you are, but you *deserve* our money. Fantastic.
It’s people.
Hate to tell you this, but I'm 46, and the government already decided "no social security for you" until I'm 68.
But the government is already working to solve this problem. It's been going on since the Clinton Admin. They simply understate the real rate of inflation, and COLA adjustments don't keep up with actual inflation as a result.
Over the course of 20-30 years, this achieves negative compounding so that benefits will be about 60 percent of their real 1990 equivalent amount.
And that's about what SS tax revenues will cover come 2030 or so.
This Gen-X'er says it sure is.
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Yeah? What are you going to do?
I believe Americans are supposed to file tax returns on foreign earnings, even when living abroad. Failure to do so might make returning in the future a dicey proposition.
Fold.
This is the issue that is subordinate to only one other issue which is tax reform.
The road to serfdom is laid out by the private interests behind the ‘Federal’ Reserve.
Here’s a must see internet film: (you need a high-speed connection)
http://video.google.com/videoplay?docid=-4312730277175242198
A friend of mine once joked that our elderly could live better for less in Mexico. He quipped “We should outsource our seniors to Mexico!”.
This is interesting. I take it that many Jones's watched in horror as the sixties happened and rejected most of the Boomer ideology out of hand.
We have also been known as "Reagan Youth" and "The Generation that should have gone to Vietnam" by our older Boomer detractors.
Much of our professional career has been spent in organizations where we are trapped behind "the bulge in the python" generation leaders who have poor skills, outdated ideology and boundless arrogance.
Much of the internet-era technology has been either created or popularized by Jones'ers.
And we will be the first to be screwed by Boomers failed politics, if many of the more pessimistic projections are correct
And we know it.
I feel you pain. But that doesn't address the issue. Your feeling of entitlment, however valid, does not mean there is money there to give you in the future.
In my opinion, what anyone deserves from Social Security is: their investment in it + compounded interest at the prevailing rates over the lifetime of the investment.
A just solution would be to calculate this for every person in the USA (who has not retired) and give it to them as either a bulk sum, or allow them to purchase an annuity with it. Of course those who have worked only the minimum (and there are lots of oldster scammers out there who spent 30 years dodging taxes doing off-the-books work who go work the 20 quarters at the end of their life to get the minimum SSI benefit who would get far, far less under this plan. Not to mention all the 'disabled' people who put nothing in and take tons out)... this plan ends SSI as a goodies bag for all these people.
You've been laid off 4 times! Did they fire everyone or just some? Wonder why your name was on the list (4 times!)?
Maybe you should have prepared yourself a little better.
Not only does he lay out all of this in detail, he suggests practical investment strategies to do the best you can. For instance tax deffered accounts are not-so-great because future tax rates are going to be higher, and the accounts are an obvious target for future cash-starved politicians.
This book is well worth the $20.
Having a company pension wiped out is a terrible thing, no doubt. It has happened a lot in the past, including the recent past.
What is the governments responsibility to you when you pension is wiped out? You made a contract with an individual or company who failed to keep it. Other than allowing you to sue them, what should the government do for you now that you have suffered this loss.
My answer is: nothing. Do you object to that? Why?
And this is what will happen when some other country implements Boortz’ fairtax before America does.
Businesses and talented individuals will drain out of America.
Conversely, if we implement it first, talent and business will be beating down the doors to come here.
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Your question makes no sense in relation to my post.
U.S. citizens owe federal taxes on income earned anywhere in the world.
Anybody who retires at 62 to play golf and drink gin and tonic, has more going for him than a social security check.
Why should I want to stay here and witness a bunch of rabid dogs drool over what I have managed to accumulate and try to figure out a new way every week to steal it from me via taxes? "Ship me my SS check till it runs out and screw you all very much" he said as he stepped onto the plane.
Right. And the speed limit in suburbs is 25 mph, it is illegal to download mp3s, the legal drinking age is 21, and smoking marijuana is against the law......, oh yeah, it is a crime not to declare all of your income if you are self employed.
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