Social Security.

macgyver06 wrote:

Do you all think this can be saved?

Have you seen the numbers.

My generation is being screwed by the selfish wealthy, as if there arent enough obstacles to maintain a steady personal economic gain in this economy!
I'm 23 and will never see Social Security money. Nor do i want to.

I will not accept slave wages!

Wow...this is kind of all over the place. How are the "selfish wealthy" screwing you?

farfromglorified wrote:

Wow...this is kind of all over the place. How are the "selfish wealthy" screwing you?

He may have meant selfishly motivated?

macgyver06 wrote:

It was a bogus plan when it was written up.

Of course it was.

And you do know its not a fixed sum of money you get...the more you make, the more you get.

And what's wrong with that? Are you suggesting that people should get more than they pay in? How would that not amount to a "bogus plan"?

macgyver06 wrote:

Do you all think this can be saved?

Have you seen the numbers.

My generation is being screwed by the selfish wealthy, as if there arent enough obstacles to maintain a steady personal economic gain in this economy!
I'm 23 and will never see Social Security money. Nor do i want to.

I will not accept slave wages!

Good, don't expect too. Save your money. 401K now. IRA now. Start putting money away. Live well within your means and you'll never live paycheck to paycheck. Trust me, it can be done. Get all the education you can get and make yourself as marketable as possible.

Social Security for our generation is a waste other than taking care of the immediate needs of our elders who either lived longer than they thought or didn't prepare at all in their lives, it's simply another tax that we pay. It was never ever intended to be used as it is in our society.

It's called growing up and being responsible. Competition sucks sometimes, but it's a hell of a lot better than having other people make all your decisions for you and living a life of virtual pablum.

Most people don't seem to understand that healthcare and retirement are their own responsibilities and must be planned for.

Look at Galveston Tx and any other municipality that doesn't have to pay into Social Security...they are doing a hell of a lot better. Social Security is an IOU, it dosen't exist, it's not being saved or invested the way it would be if it were private, it's spent, it's spent the second it hits the governments coffers and that is why it is in horrible shape. Too many old people and "disabled", not enough people paying in. The government is the reason for this issue in the first place.

macgyver06 wrote:

its a blatant fuck you to everyone under 45. These people will never recieve a penny.

Hehe...probably not. But isn't that you being selfish????

Someone making $98,000 per year pays the exact same dollar amount into Social Security as someone who's making one million per year, one billion per year, etc - roughly $6,000.

If you make one million dollars per year, you only pay $6,000 into Social Security. Someone needs to suggest lifting that cap entirely.

macgyver06 wrote:

lol.. who is losing here


someone who makes 30,000 dollars drops to 24,000 after retirement.

someone who makes 3,000,000 drops to 2.4 million

Hehe...no. Someone who makes 3,000,000 / year will make $26k / year (0.8%). Someone who makes 30,000 / year will make $12k / year (40%).