Count me in!
I truly support this proposal, I don't care what party you are, where do I join.
Ummm...That’s 40 TRILLION dollars, folks. TANSTAAFL.
Do the math. Forty million retirees x $1M apiece = 40 trillion. That’s even more expensive than Obama’s approach. Not do-able. Sorry. Sounded good to me, too.
I’ll sign up - just pay me in gold
I’m down with that. Let our kids and grandkids and greatgrandkids pay! We deserve it!
$1,000,000 x 40,000,000 = $40,000,000,000,000 (is that gazillions?)
To heck with those chump change $200 stimulus checks. Obama could write a check for the spare change in Fort Knox to cover that.
First, there is no indication whether the $1 million would be a lump sum or an annuity. Either way, there's no guarantee that the money would not disappear -- insurance companies have been known to go belly up and individuals have been known to -- ahem -- lose money in the stock market. If recipients limit themselves to strictly FDIC-insured accounts, they most likely will lose money to inflation in the long run.
Second, the recipients would still be liable to pay for their own medical insurance (approx $8000 to $12,000 per person for HMO coverage in the NY metro area) until they qualify for Medicare (assuming Medicare is still in existence).
Third, since the recipients stopped working at age 50, their Social Security payments will be markedly decreased. Again, this assumes there is still a Social Security in the future. It also assumes that recipients haven't signed away their right to Soc Sec in accepting the $1 million.
Fourth, the recipients would still have to pay property taxes (where I live, that would be $7500 to $10,000 per year for a modest house), homeowners insurance, heating/cooling, and maintenance and upkeep for their home.
Fifth, it is not specified but it would definitely have to be worked out: Is that $1 million taxable? If it's taxable, then recipients are going to get a lot less than $1 million.
I’m in.
Probably cheaper than what they’ve been doing too.
If the money I paid into SSI for the last 40 years plus 5% interest was returned to me I would have that million dollars.
Gimme, gimme, gimme! That’s the new mantra of the day!
No coffee in the pot. Plus, it’s too early for me to do math. What’s $1 million times 40 million people?
Don’t give Obama any stupid suggestions like ‘forced retirement’ he’s liable to take our existing jobs and 401k (can you say Chrysler creditors?) and force people into retirement on some kind of crappy dole out with rationed healthcare, housing and food. He would be more than happy to have us living in ‘60’s era Soviet style!
What kind of moron thinks that creating money out of thin air, creating debt, and passing it out arbitrarily is an economic system? What's wrong with the idea of shrink the government by 80%, pass some constitutional amendments to keep it that way, and tell everyone, you are responsible for yourself, and yourself only - good luck.
I think has a more fiscally responsible plan and more Eco friendly as well. You set up disposal centers where those 50 and above report to. They are then fed a good meal ,shown their favorite movie as they are put to sleep and then planted to fertilize the earth.
Universal population care
I think has a more fiscally responsible plan and more Eco friendly as well. You set up disposal centers where those 50 and above report to. They are then fed a good meal ,shown their favorite movie as they are put to sleep and then planted to fertilize the earth.
Universal population care