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Topic summary

Posted by JOE
 - Today at 07:19:20 PM
Quote from: Lokmar on Today at 06:42:17 PMOf course it aint good enough! You know what many people get though? A $250 payout if they die before retirement! I'd say my plan at least gets you what you put in!

I'm gonna retire this year ...Lokmar!

That way I'll have more time ta spend on this forum.

I'm all saved up fer retirement eh?
Posted by JOE
 - Today at 07:14:00 PM
Quote from: Biggie Smiles on Today at 04:31:41 PMIf I retired tomorrow I would be entitled to 5,600.00 a month in SSI. BUt I am not retiring tomorrow and in fact I probably wont get to retire until I am 70.

Don't wait too long avatar_Biggie Smiles Bigly!

I'm gonna retire this year & enjoy my pension, eh?

I don't know what the pension situation is like in your country, but ifya wait too long there might be nothin left.
Posted by Lokmar
 - Today at 06:42:17 PM
Quote from: Herman on Today at 03:29:53 PMAint good enough. They need the investment income it earned too.
I like pensions. It don't matter to me if it is the state that runs the pension plan or a private pension fund like a lot of rich countries do. But, working folks need a guaranteed pension.

Of course it aint good enough! You know what many people get though? A $250 payout if they die before retirement! I'd say my plan at least gets you what you put in!
Posted by Biggie Smiles
 - Today at 04:31:41 PM
Quote from: Herman on Today at 03:29:53 PMAint good enough. They need the investment income it earned too.
I like pensions. It don't matter to me if it is the state that runs the pension plan or a private pension fund like a lot of rich countries do. But, working folks need a guaranteed pension.

Yeah, plus the government has taken money from BOTH the employer and the employee to account for SSI so ALL of that money would be due, plus interest accrued for the entirety of the person's life. 

This is what an employer will commonly refer to as a "burden cost" it is the TOTAL cost of the employee not just their salary.

Take myself for instance. I cap out at 9,000.00 per year SSI tax which usually occurs in early September based on my salary. So I paid 9,000.00 into SS and my employer paid probably somewhere closer to 14,000.00

so if we did do away with SSI tomorrow I would expect a check in the sum of 23,000.00 times the 25 years I've been paying that kind of money into the system PLUS the additional years I made less which be about 10.

So a rough estimate of money owed to me is somewhere to the tune of 700,000.00. tack on another .05 for interest so we're closer to 750,000.00

there's no way the government is giving me that.

here's why

If I retired tomorrow I would be entitled to 5,600.00 a month in SSI. BUt I am not retiring tomorrow and in fact I probably wont get to retire until I am 70.

average life expectancy is what... maybe 75-77 these days?

so take 5800 and multiple that by 7 years and what do you come up with? 487,200.00 spread out in smaller manageable chunks as an operating cost as opposed to a capital expense of 700K up front as a capital expense.

the former looks far better on a balance sheet

therefore, the government will never do it. And If they do away with SS they will be doing away with it to the detriment of millions who have paid into over the span of their life which would make them no better than Enron and cause an all out violent catastrophe

Posted by Herman
 - Today at 03:29:53 PM
Quote from: Lokmar on Today at 09:37:12 AMI would eliminate it and give everyone back what they paid in over the years.

Aint good enough. They need the investment income it earned too.
I like pensions. It don't matter to me if it is the state that runs the pension plan or a private pension fund like a lot of rich countries do. But, working folks need a guaranteed pension.
Posted by Thiel
 - Today at 01:42:09 PM
Quote from: Biggie Smiles on May 15, 2025, 01:37:02 PMKeeping people dependent helps democrats

fuck them
They care about having power not helping people make better lives for themselves.
Posted by DKG
 - Today at 10:49:31 AM
Quote from: Dove on Today at 10:34:49 AMThey know a lot of people wont look.
it is frightening when you think about it Dove.

As you know we just had an election. The result was terrible. Mark Carney won by telling lies about his opponent that he knew voters would believe.
Posted by Dove
 - Today at 10:34:49 AM
Quote from: Biggie Smiles on May 14, 2025, 07:39:25 PMIt's amazing how democrats can sell these lies when the plain truth is so readily available

 They know a lot of people wont look.
Posted by Lokmar
 - Today at 09:37:12 AM
Quote from: Herman on May 15, 2025, 10:32:58 PMIf you paid into it you should get it. Period!

I would eliminate it and give everyone back what they paid in over the years.
Posted by Herman
 - May 15, 2025, 10:32:58 PM
Quote from: Lokmar on May 15, 2025, 09:38:25 PMI tell my mom if I was POTUS, I'd eliminate SSI. She gets #PISSED!
If you paid into it you should get it. Period!
Posted by Lokmar
 - May 15, 2025, 09:38:25 PM
Quote from: Biggie Smiles on May 15, 2025, 01:43:26 PMCutting entitlements to bums living for GENERATIONS on welware and health care to illegal aliens are what democrats are morphing into

He's gutting grandma's social security!

vermin scum. it's so disingenuous

tell the fucking truth for a change! 

I tell my mom if I was POTUS, I'd eliminate SSI. She gets #PISSED!
Posted by Shen Li
 - May 15, 2025, 08:55:09 PM
Quote from: Biggie Smiles on May 15, 2025, 01:43:26 PMCutting entitlements to bums living for GENERATIONS on welware and health care to illegal aliens are what democrats are morphing into

He's gutting grandma's social security!

vermin scum. it's so disingenuous

tell the fucking truth for a change! 
When I lived in Canada every provincial and federal election the libtard parties would run lies and fear. They know white Canadians are stupid enough to buy their fearmongering. It worked for Mark Carnage.
Posted by Biggie Smiles
 - May 15, 2025, 01:43:26 PM
Cutting entitlements to bums living for GENERATIONS on welware and health care to illegal aliens are what democrats are morphing into

He's gutting grandma's social security!

vermin scum. it's so disingenuous

tell the fucking truth for a change! 
Posted by Biggie Smiles
 - May 15, 2025, 01:37:02 PM
Quote from: Thiel on May 15, 2025, 01:35:26 PMWelfare breeds welfare. The cycle has to be broken. But, that does not help the Democrats.

Keeping people dependent helps democrats

fuck them
Posted by Biggie Smiles
 - May 15, 2025, 01:36:28 PM
unbelievable

Trump is being OVER GRACIOUS giving these parasites two years to get themselves together


any one of us lose our job tomorrow we'd get 26 weeks TOPS!

fuck outta here with that shit