To be clear you are talking about just having them murdered in droves right? Otherwise all you are really doing via taxing their estates is taking money away from their Xer and Millennial kids.
The Deficit We Have vs the Deficit We Imagine
- Thread starter What Would Jesus Do?
- Start date
To be clear you are talking about just having them murdered in droves right? Otherwise all you are really doing via taxing their estates is taking money away from their Xer and Millennial kids.
Oh, eff you Insane! You will find out in time and then you'll be the generation that effed up everything! That is how it works.m Each generation deals with things the best they can. You and yours will be no different than me and mine...than my parents and theirs. You are an idiot to blame YOUR problems on everyone but you....and quite American, too. Buck up, buttercup.
No, that's the case. Your link references Johnsons efforts to minimize the scope of the deficits his guns and butter policies were running through accounting chicanery but the underlying system indeed never changed.
The surplus for Social Security and Medicare (taxes receipts in excess of payments in a given year) went to the Treasury and they provided an IOU.
There is no cash or other asset to draw upon in the 'trust fund'. If SSA goes to the Treasury to redeem one of those IOUs then the Treasury will have to borrow from the public by issuing 'debt held by the public'.
If you think that isn't not how it works, please explain how you think it functions.
I want it privatized because I'd rather have an account I have property rights to than a promise from a politician who won't be around when I want to collect. Add in that this ponzi takes almost 15% of wage income and offers someone my age a break even return before even considering the existing solvency concerns and I'd love to see it privatized.
I'm not optimistic, because ponzis are popular for a reason...
The "Ponzi Scheme" will become a reality once you let the private sector rape this fund.
I’d characterize that article as fairly partisan as it focused exclusively on budget cuts rather than raising revenues as the solution. Pretty one sided.
You know better than this. Contrary to popular opinion...the GOP LOOOOOVES them some big government. You have a better chance of seeing Freddie Mercury pregnant before they dismantle SS. It's a charade. It is taxes already siphoned off of the public. Ain't no way they are going to give that back. Nor will they commit political suicide taking on the AARP.
Well Nat...for all you thinkin' its just more taxes.....just send me you benefit checks when they come due. "Siphoned off" the public> After cashing them a few years, you will never convince me. Sorry comrade. Sorry you Russians have nothing even close to SS. What a country!
You're just a parasite sucking off the federal teat. If it's such a great deal as you proclaim, why are we worried about its survival? The Russians aren't $210 Trillion in debt either. Imagine that.
Agreed, but ignorance can be cured with information and an open mind.
A ponzi is a scheme where the contributions are not invested into earning assets, but instead are recycled to pay disbursements (after a skim by the management).
Because there is no underlying profit producing asset the scheme can’t ultimately return to the investors what has been taken in contributions.
Public support for this ponzi was established by an early payment schedule that returned a large multiple of contributions. But that is no longer the case.
What started as a 2% tax on wages is now over 15%. The payout future generations can expect is going to represent a negative return on their investment.
If this ponzi was run without the force of law compelling contributions ‘investors’ would have fled already.
That's where parasites go. Not sure why you want that here in our country. You're passing the debt onto the next generation of children, you greedy bastid.
