The Biden Presidency

sturg33 said:
Do you know the mechanics of social security?

The government taxes your income 12.4% for your entire life.

They take that money and give it to seniors who are retired.

This is not a voluntary choice. It is forced against all people's wills.

The returns on this theft are dreadful. It does. To come close to keeping up with inflation. And it is downright depressing that returns that standard market returns would provide

It is theft and keeps people dependent on the government.

And that's before even acknoledging that it is a ponzi scheme that will run out of money. Especially as our population is no longer growing, it is guaranteed to collapse.

My goal is to strategically fix this system so that:

1. Americans aren't stolen from the day they start working

2. Americans can enrich their lives with substantially better options

3. Older Americans don't get screwed when the money runs out

I guess that makes me a dumb ol libertarian though!
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1 - Sounds amazing until you realize that majority of people are stupid and make awful choicese with money

2 - Do you actually believe this? How many people outside of your successful circle do you know?

3 - No, they just get screwed when THEIR money runs out
 
Oh, and as soon as you die, the benefits stop! My dad died 3 years into retirement. He was a school teacher. The minute he died, the social security checks stopped.

They stole from him his entire life, and left my mom a widow on an income of $40K a year
 
sturg33 said:
Oh, and as soon as you die, the benefits stop! My dad died 3 years into retirement. He was a school teacher. The minute he died, the social security checks stopped.

They stole from him his entire life, and left my mom a widow on an income of $40K a year
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Yeah - Thats a ****ty situation and will happen.

The social stability you are buying to ensure that the country moves forward without violent revolts (as we saw in Europe for ages) is essential.
 
thethe said:
1 - Sounds amazing until you realize that majority of people are stupid and make awful choicese with money

2 - Do you actually believe this? How many people outside of your successful circle do you know?

3 - No, they just get screwed when THEIR money runs out
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1. Good ol government telling Americans they know better than them when it comes to their own money

2. Yes... People could put that money into 401k, IRA, etc. They could pay back their student loans faster. They could buy a home faster. They could start a business. We could also invest in educating children smart financial advice.

3. Their money was given away 40 years ago
 
sturg33 said:
1. Good ol government telling Americans they know better than them when it comes to their own money

2. Yes... People could put that money into 401k, IRA, etc. They could pay back their student loans faster. They could buy a home faster. They could start a business. We could also invest in educating children smart financial advice.

3. Their money was given away 40 years ago
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Ok - So a 60 year family decides its time to retire in a year and its 2008. They put all their money into retirement and didn't have the proper advice to re-balance based on risk tolerance.

What then?
 
I mean the opportunity theft is truly revolting.

If we look at someone who works 40 years at an average salary of $75K.

They get taxed $372,000 to fund their retirement... And that's about the extent of what they will receive. And the minute they die, that benefit is cut off.

On the flip side that same person could put that taxed money in an S&P fund, average 9% returns, and retire with $3.75M.

And that money is theirs to keep. They can give it to their spouse or their kids.

And to say robbing them of that opportunity is not helping Americans is astounding to me
 
sturg33 said:
I mean the opportunity theft is truly revolting.

If we look at someone who works 40 years at an average salary of $75K.

They get taxed $372,000 to fund their retirement... And that's about the extent of what they will receive. And the minute they die, that benefit is cut off.

On the flip side that same person could put that taxed money in an S&P fund, average 9% returns, and retire with $3.75M.

And that money is theirs to keep. They can give it to their spouse or their kids.

And to say robbing them of that opportunity is not helping Americans is astounding to me
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If you time your retirement correctly or actually know how to manage your money appropriately
 
thethe said:
If you time your retirement correctly or actually know how to manage your money appropriately
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I dunno what to tell you man... you're in favor of robbing young Americans an opportunity to make their own choices and create vast more wealth for themselves and this country, in favor of a government mandated Ponzi scheme that is mathematically insolvent

I'm not saying we turn it off today... I'm not saying senior don't get their benefits... but we have to start thinking about an off ramp here.
 
sturg33 said:
I dunno what to tell you man... you're in favor of robbing young Americans an opportunity to make their own choices and create vast more wealth for themselves and this country, in favor of a government mandated Ponzi scheme that is mathematically insolvent

I'm not saying we turn it off today... I'm not saying senior don't get their benefits... but we have to start thinking about an off ramp here.
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I'm definitely all for hearing options as long as we don't turn off what we already promised. But acting like we can safely remove a safety net intended to assist those of the population (majority of people) that aren't as equipped as some of us to succeed in the new world is wishful thinking at best.
 
The government continues to be the most inefficient entity on the planet.

They are undefeated when it comes to being the best at wasting money.

Some of you need a reminder

 
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I don't know the feasibility of all this but I would approach it in some way like...

50+ = no changes

40-50 = option to opt out now and receive half of benefits paid

30-40 = automatically opted out and will receive 50% of benefits paid

20-30 = automatically opted out and will receive 25% of benefits paid

obviously there's a cost the government is going to have eat there.

moving forward... allow Americans choices, every year:

1. Create 40 year treasure bonds that Americans can choose to buy. these are essentially guaranteed benefits such a social security. the difference is that money is locked away, not handed to the current retirees

2. Allow Americans to invest in index funds... of 10-20 funds they can select. if no selection, choose standard diversified funds for them

3. Allow Americans to opt out completely. make them sign something that acknowledges they will receive no retirement benefits if this selected. require them opt out each year

Offer incentives for Americans to choose option 1 or 2... provide a match, or a better tax rate on withdrawals... or whatever it needs to be.

The above isn't perfect but it would represent a massive improvement over the current Ponzi scheme. And give liberty back to the American people
 
The alternative they will use instead sturg is to start taxing that Roth and 401k money

The government stinks at what they do
 
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sturg33 said:
protesting here doesn't serve the communist agenda... so there are none to be found

[tw]1625310075505238023[/tw]
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Its the same thing that when a school shooter is black.

The leftists have no core beliefs other than accumulation of power.
 
sturg33 said:
I don't know the feasibility of all this but I would approach it in some way like...

50+ = no changes

40-50 = option to opt out now and receive half of benefits paid

30-40 = automatically opted out and will receive 50% of benefits paid

20-30 = automatically opted out and will receive 25% of benefits paid

obviously there's a cost the government is going to have eat there.

moving forward... allow Americans choices, every year:

1. Create 40 year treasure bonds that Americans can choose to buy. these are essentially guaranteed benefits such a social security. the difference is that money is locked away, not handed to the current retirees

2. Allow Americans to invest in index funds... of 10-20 funds they can select. if no selection, choose standard diversified funds for them

3. Allow Americans to opt out completely. make them sign something that acknowledges they will receive no retirement benefits if this selected. require them opt out each year

Offer incentives for Americans to choose option 1 or 2... provide a match, or a better tax rate on withdrawals... or whatever it needs to be.

The above isn't perfect but it would represent a massive improvement over the current Ponzi scheme. And give liberty back to the American people
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This is a pretty good plan. The key is index funds. Otherwise you'll see an enormous campaign by the fund management industry to capture some of this business and siphon off some of the money.
 
sturg33 said:
protesting here doesn't serve the communist agenda... so there are none to be found

[tw]1625310075505238023[/tw]
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Lol, please don't pretend you care or give a **** about these people.

You have the worst stances when it comes to environmental disasters like this, where big money and wall street **** the little guy and small communities like this in the ass.

The long term effects for this area, and the people that live in and around it will be disastrous and catastrophic, and your solution is always "they should just file lawsuits".


In a perfect world, the negligent investors and executives at Norfolk, would be forced to live in the area to show how safe everything there is, since it wasn't a big deal. Even with chickens and fish dying.
 
cajunrevenge said:
I wonder which party got donations from these companies to avoid legislation to make newer and safer breaks mandatory.
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I mean, both parties are to blame.

I was disappointed that Biden and most Senate Dems stopped the union from striking. People think it was just about health benefits, but it was also about safety regulations and such, which these companies have been more and more lax on (surprise surprise when something like this happens) in the name of profits.

Commercial freight trains are huge for our country's distribution of products, so you weren't gonna see any politicians grow a spine and support a strike that would hurt the economy in the short term. Not with elections once again coming in the next 2 years.

Norfolk is owned predominantly now by wall street. So once again I say, real justice isn't filing lawsuits and getting settlement money when it isn't going to clean the environment tomorrow. The executives and investors should be forced to live there after downplaying it for weeks, for the same amount of time that they've been downplaying it. They should be forced to stay there until it's actually safe to live there.
 
The Chosen One said:
Lol, please don't pretend you care or give a **** about these people.

You have the worst stances when it comes to environmental disasters like this, where big money and wall street **** the little guy and small communities like this in the ass.

The long term effects for this area, and the people that live in and around it will be disastrous and catastrophic, and your solution is always "they should just file lawsuits".


In a perfect world, the negligent investors and executives at Norfolk, would be forced to live in the area to show how safe everything there is, since it wasn't a big deal. Even with chickens and fish dying.
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Lol

From what I can tell only people on the right on this board have expressed concern for this disaster
 
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