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Here's How Much the Old Are Taking From the Young
finance.yahoo.com ^ | Nov 21, 2013 | Rick Newman

Posted on 11/21/2013 12:31:21 PM PST by posterchild

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To: JediJones
When Social Security started ... It was a wealth transfer done in real time from the young to the old from day one and continues to be so.

It was also paying people to retire, freeing up jobs for younger people at a time when jobs were short.

141 posted on 11/22/2013 3:53:19 PM PST by Dan Cooper
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To: DoughtyOne

“My generation didn’t think in terms like this. We didn’t trash people who retired and took their Social Security payments. We participated on Social Security withholding. We saw no rationalle for trashing people who were retired.”

Your generation does think like this. You are an excellent example and make my point better than I do.

“You know what, the Social Security system is not broke because of the retirements of people who working all their lives and paid in. It’s going broke because of all the people who did not pay into Social Security that are now drawing from it. That is the reason why the ratio of Social Security fund payers is so low to the number of people drawing on Social Security. Fix that one problem, and Social Security suddenly become healthy. If you study the size of the workforce now to around 1953, and the population now to about 1953, you’ll note that we have a much larger base of current payers into the Social Security system. I can’t help it that foreign nationals were brought here, that the beneficiaries and recipients of Social Security payments is always being expanded.

If you want to do something productive, focus on that and fix what we couldn’t. And when you try to do that, we’ll sympathize with you when they call you a racist or a mysoginist or whatever else they can hurl your way. Good luck.”

A ponzi scheme cannot expand past the point where it introduces more payees than creditors. The population is not increasing at a pace to pay into the system at a rate that surpasses inflation or the expanding needs of the payees. The gov is also using the money you give them to pay other people to vote for them. Endorsing that system robs you and future generations. It also entrenches the government’s support system. (the professionally unemployed)
The problem is that you endorse it and are a willing accomplice to the scheme.

“Now, you’re calling me a moocher becasue I plan on taking my Social Security payments You call it generational theft. Of course this ignores that it was theft when I paid in also. You’ll have to pardon me, but the only alternative is to not take the Social Security payments. If I don’t take them, I’ll in short order lose my home, my vehicle, my ability to eat, and other things that are necessary to sustain life. So you can go ahead and puff up your chest and say that you’re not advocating the things that will ultimately happen if we listen to you and do was you demand. At the same time, we’ll see what you demand for what it is. And as far as I am concerned, the NAZI model is the only thing that comes close.”

It doesn’t ignore what it was when you were paying in. Life isn’t fair. Bad things happen. That doesn’t mean other people have to satisfy your quest for cosmic justice.
Not having someone paying for your needs does not rob you of the ability to take care of your needs on your own.

“You will have to exterminate a genration of people to prevent people from being moochers or generations thieves. Either you mean what you say, or you’re just blowing off steam and having fully thought this out.”

I advocate personal responsibility. If people don’t take care of themselves, their fate is of their own choosing. Pulling the rug out from under people isn’t the right way to phase out social security either. That doesn’t mean they go into boxcars. Just because you failed to plan for retirement doesn’t mean you get a free ride and free healthcare. Phasing out social security isn’t a death sentence.

“What would it be if today’s retirees who paid in $70 to $200 thousand dollars into the Social Security system, followed your direction, and refused to take Social Security payments? Which generation would benefit? Wouldn’t that be a complete forgiveness of the next generation of retirees, of the type of obligation of this generation of retirees? Wouldn’t that in effect be a transfer of this generation’s reasoned expectation, to the next generation? Of course it would. That is unreasonable.”

That is exactly what is expected of me and my generation. You’re not just going to receive “what you put in” (already covered this, it’s gone), they’re taking out a mortgage in our name to pay you. I don’t expect it to be there for me. I’m not going to bet my life on it. And if the transfers finally stop, I’ll be glad that it only robbed me for so long and not my children.

“You think nothing of demeaning and demanding this generation of retirees forego their Social Security checks, but I’m thinking you’d be quite upset if I suggested we freeze any new retirees going on to Social Security payments, but the workers today would be required to pay 40 more years anyway. Hey, someone has to bite the bullet right?”

At work I don’t ask my guys to do anything I wouldn’t do. Sometimes it’s hard to dole out shit jobs. That’s why I do them with the guys. Its hard to balance their needs and schedule with mine but, I have to set the example. Otherwise it doesn’t get done correctly or in a timely manner. I’m responsible for things getting done. I have already stated that I won’t take a government handout.

“All this said, I don’t have to justify the system we have. It is. People played by the rules set down, and they have no alternative other than to turn to the Social Security system as part of their retirement funding.

The only alternative would result in the deaths of many retirees in short order. This is something you denied you would support taking place. In fact, you were very indignant when I told you who it reminded me of, and their tactics.

I have made it quite clear why my take on the current Social Security system is. I have made it clear what direction I would like to see things go in. If folks choose to read what I’ve posted, they’ll understand how unfair I think the current system is. That doesn’t mean that today’s Social Security can be turned off like a water tap. It will take time, and some folks will fight the fix tooth and nail too.”

Need will always out pace means when offered incentive. If we don’t end this crap soon, a large system failure will result in what you describe. But all of us will be included, not just the retirees and protected classes. We can only borrow for so long. All this crap is going to kick this nation in the dustbin of history. The country needs to ween itself off the government teat. We’re running short on time. You need to be the change you’re asking future generations undertake. If you don’t start it, I and my generation can’t finish and it will be on my children’s shoulders. I don’t want that. I’m willing to dump you from the system to keep my children free and preserve their liberty. My failure to pay you to live in no way robs you of life, or liberty. You do that on your own.


142 posted on 11/28/2013 10:06:35 PM PST by BlueStateMadness (Two commonly violated premises: you can save people from themselves, and the free lunch myth)
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To: BlueStateMadness

Not worth reading or responding to.


143 posted on 11/29/2013 7:40:32 AM PST by DoughtyOne (Obama, the Democrat Party, the Left in the U. S., have essentially become the 4th Reich.)
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