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It's @searcher 's fault saying he wants interest on his contribution. LolHow'd we get from erasing Israel to bitchin about social insecurity?
Because Trump's war on iran for israel will probably kill Social Security in the long run. Those who want the war are willing to take my Social security for it.How'd we get from erasing Israel to bitchin about social insecurity?
Uh...deliberate topic change?How'd we get from erasing Israel to bitchin about social insecurity?
It was taken long ago. All that's ever been in the SS trust fund is a buncha Treasury Bonds.Because Trump's war on iran for israel will probably kill Social Security in the long run. Those who want the war are willing to take my Social security for it.
They are "good" only upon reaching maturity.Treasury Bonds are good till Trump spends that money too.
They are "good" only upon reaching maturity.
The Bond themselves can't buy anything.
It would depend.Since we're off topic you know a number of decades ago one of these morons came up with the idea of tying a portion of SS to the stock market itself. I know stocks on boards like these are as popular as the clap but take a look at what would have happened to your SS.
I asked chat gpt what the difference in the trust fund size would be had the excess SS money collected since 1983 had been invested in the s&p as opposed to government bonds.Since we're off topic you know a number of decades ago one of these morons came up with the idea of tying a portion of SS to the stock market itself. I know stocks on boards like these are as popular as the clap but take a look at what would have happened to your SS.
Yup. Nor would we have needed (the cost of) the Plunge Protection Team; QE-Infinity; Operation Twist, and all the other market-manipulators they've created.but then the gov wouldn't have gotten to spend that money, which was the main purpose of SS. Ie: a new tax for gov revenue.
The reason it wasn't invested in the stock market is because that wasn't seen as a guaranteed return.Yup. Nor would we have needed (the cost of) the Plunge Protection Team; QE-Infinity; Operation Twist, and all the other market-manipulators they've created.
The market would have gone reliably UP.
The reason the goober-mint is opposed, is that SSI-stock investment, would DEMOCRATIZE the market. Spread the percentage of ownership around - instead of concentrating it, with a few wealthy individuals and a small number of private capital firms (like Fink's Black Rock).
THAT just cannot BE! We must own NUFF-INGK; because THEY MUST OWN EVERY-TINK.
I agree, but going off the standard was the symptom, not the cause.While israel has no right to exist on my stolen tax money, the fact we went off the gold standard is what is killing Social Security.
SS is like a Charles Ponzi investment plan. Disbursments paid out of current receipts. Just like every other financial pyramid fraudster's setup.SS is like an investment in the power of government's ability to tax.
Yes, SS is a Ponzi scheme, but one where the gov can, let's just say, strongly encourage new participants to join it.SS is like a Charles Ponzi investment plan. Disbursments paid out of current receipts. Just like every other financial pyramid fraudster's setup.
Yes, there's a risk in investment in the capital markets. TODAY, with the rigged, managed markets we have now, that risk is enormous. Twenty-five years ago, the risk was lower, and had the markets not been subject to various manipulations and bailouts...that risk would have stayed lower.
Who have you ever heard of, who was a long-term investor, and went broke on stocks? I don't mean Day Trading and I don't mean Meme Stocks. I mean, conservative investment - buying investment grade, back when there was such a thing, before financial statements became rigged for politics and fraud.
Basically, nobody.
You do raise an interesting point, of the legality. Idiots, controlling their own FICA balances, would buy into these fad stocks or meme stocks, and lose money, and sue. Sure, I get it. The answer would seem to be to limit what kinds of investments could be bought, but it will take the Dumbos about twenty minutes to make "investment grade" political.
I have always held the answer was to ALLOW...BUYING OUT of FICA.
At the end of the year, produce a statement showing that an amount equivalent to your FICA withholding was put into an untouchable investment tool - IRA or 401(k). Then, your FICA monies are returned (and your employer's monies, to the company). It's your risk.
Essentially, that was something like the risk that railroaders take. I had (mandatory) withholding of Railroad Retirement contributions. Now, after ten years I was "vested" - but that's not like being vested in the International Widget Employee Pension Plan. Had I left railroading before retirement age, and taken other work, I'd have "cut current connections" and lost eligibility. The only way to regain eligibility would have been to take another railroad job - hard to do if you're 69 years old and just now learning all this. (And they didn't make it easy to know and understand).
I could have worked 25 years railroading, hurt myself (as I did) and go to work for Walmart as a greeter (which I didn't have to do because I had savings) until eligible for early retirement. And find out that all I had coming, was SSI. All those six-figure years...count for nothing; $785 a month for me.
It's always a danger when you plan for the future. Danger when you go it alone. Danger when you trust the word of others. Danger with stupid-smart government plans like RRR.
But I'd trust even an IRA, even with the Great Taking, looming, over an obvious Ponzi scheme set up by Roosevelt's Marx-admiring New Dealers.
Now you wanna blame Trump and by extension Israel/Jews for the problems with Social Security?Because Trump's war on iran for israel will probably kill Social Security in the long run. Those who want the war are willing to take my Social security for it.
Trumps certainly didn't start it.Now you wanna blame Trump and by extension Israel/Jews for the problems with Social Security?
Absolutely....among others.Now you wanna blame Trump and by extension Israel/Jews for the problems with Social Security?
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