Repubican capitalism made us rich, but liberalism stole the money!!!

[EdwardBaiamonte]

Mandatory?

That's rather Big-Government-Liberal of you.

People should be able to do what they want with their own money, no?

well yes and no. We don't want to suppport them when they blow all their money nor watch them starve in the streets so its probably better to make them put 15% away each year. It is a nasty compromise for sure.

How about we make em put it away but in a safe way that benefits no corporations over others?

dear you are not smart enough to ever make sense!! Why waste your time here???

 

[Billo_Really]

Typical liberal, wanting to get paid for doing the right thing...

You want me to stop doing my God-given right to spread my seed.

I'm just being a good little capitalist by taking a small, monetary angle to all this.

For enough money and dope, I'm your bitch. If you won't pay, I'm gonna lay.

 

[Londoner]

If an average America put 15% of his lifetime income at 4-6%( AT&Tor Verizon) in a private account he'd retire with $1.4 million estate as opposed to no ($0) estate with libturd SS!! Repubican capitalism made us rich, but liberalism stole the money!!!

Its just another a huge huge liberal scandal!!

You need to contextualize this statement. The government investment in infrastructure for AT&T and Verizon is literally unbelievable. The subsidies given to these companies are literally unbelievable.

C'mon man. You know how the system works. The little guy gets screwed - not by government, but by the wealthy who own government.

Look at the housing meltdown.

Wall Street created conveyor belt for turning mortgages into securities and derivatives. They made trillions. They placed trillions of dollars of bets against the securities they were selling to consumers. Then, when the whole thing blew up, they were bailed out, while the poor home owner was foreclosed on.

The system is designed to take care of the wealthy and fuck the little guy.

Government is owned by the private sector, who benefits from a subsidies and bailouts. It's called socialism for the wealthy. The rest you may ignore.

 

[thereisnospoon]

Of course, the average American doesn't have 15% of his income available to put into anything because the wealthy, GOP "job creators" sent his work overseas to pad their own pockets.

BULLSHIT!!!!
BULLSHIT!!!!
BULLSHIT!!!

Now you listen and listen good. Anyone can put away a few dollars every week.
I am sick and tired of people like you whining like little bitches about how horrible everything is. About how hard life is, And especially sick of the "woe is us" liberal talking points.
I see people with low incomes with that smoke cigarettes. In most cases smokers go through at least one pack a day. In many high tax states these things are well over $6 per pack. So do that math. $6 per day= $180 per month.
Cable tv..The avg cable tv bill is over $70 per month. Gonna tell me they NEED to have THAT?
there are so many things people can do without so that they can put a few bucks away every week in an account they leave untouched.
Just sick and tired of the whining. SHUT IT!

 

[EdwardBaiamonte]

Wall Street created conveyor belt for turning mortgages into securities and derivatives. They made trillions.

too stupid!!! but perfectly liberal!!! Half of Wall Street went bankrupt!!

Ever hear of Merryl, Bear, Lehman, WaMu etc etc etc!!


See why we are positive a liberal will be slow!!

 

[Toronado3800]

well yes and no. We don't want to suppport them when they blow all their money nor watch them starve in the streets so its probably better to make them put 15% away each year. It is a nasty compromise for sure.

How about we make em put it away but in a safe way that benefits no corporations over others?

dear you are not smart enough to ever make sense!! Why waste your time here???

Were you too busy coming up with the term of affection to understand? Your idea of forced retirement savings is not a terrible idea. But if you push the investment into any part of the private sector over another you unbalance the playing field.

So, I favor the current system (with modification for sustainability).

Really Edward, you HAVE to understand that if you can type a sentence.

 

[Toronado3800]

Of course, the average American doesn't have 15% of his income available to put into anything because the wealthy, GOP "job creators" sent his work overseas to pad their own pockets.

BULLSHIT!!!!
BULLSHIT!!!!
BULLSHIT!!!

Now you listen and listen good. Anypne can put away a few dollars every week.
I am sick and tired of people like you whining like little bitches about how horrible everything is. About how hard life is, And especially sick of the "woe is us" liberal talking points.
I see people with low incomes with that smoke cigarettes. In most cases smokers go through at least one pack a day. In many high tax states these things are well over $6 per pack. So do that math. $6 per day= $180 per month.
Cable tv..The avg cable tv bill is over $70 per month. Gonna tell me they NEED to have THAT?
there are so many things people can do without so that they can put a few bucks away every week in an account they leave untouched.
Just sick and tired of the whining. SHUT IT!

Now listen here lol.

Really if 100% of folks were average that would work. Unfortunatelt once you hit the lowest whatever percent and then include the entrepeneur class who prefer to invest in businesses you have a lot of unprepared folks.

I agree. Human nature sucks. It is why neither pure socialism or capitalism work.

 

[EdwardBaiamonte]

if you push the investment into any part of the private sector over another you unbalance the playing field.

too stupid!!! Savings is considered a good thing, not a bad thing!! In Econ 101 you learn S=I ( savings equals investment)

 

[thereisnospoon]

What a stupid thread.

Yes, we should go back to the days of sweat shops...

who talking about sweat shops?????????

Thread is about Social Security!!!!!!!

Exactly how slow are you???

Classic Lib deflection.

 

[francoHFW]

Voodoo tax rates and Reaganomic s have slowly ruined the nonrich and the country until living the dream meant on credit under Bush- also ingnoring infrastructure, see Katrina etc etc.Dumazz Pubs and dupes...Thanks for the depression too.

 

[Jroc]

If an average America put 15% of his lifetime income at 4-6%( AT&Tor Verizon) in a private account he'd retire with $1.4 million estate as opposed to no ($0) estate with libturd SS!! Repubican capitalism made us rich, but liberalism stole the money!!!

Its just another a huge huge liberal scandal!!

You need to contextualize this statement. The government investment in infrastructure for AT&T and Verizon is literally unbelievable. The subsidies given to these companies are literally unbelievable.

C'mon man. You know how the system works. The little guy gets screwed - not by government, but by the wealthy who own government.

Look at the housing meltdown.

Wall Street created conveyor belt for turning mortgages into securities and derivatives. They made trillions. They placed trillions of dollars of bets against the securities they were selling to consumers. Then, when the whole thing blew up, they were bailed out, while the poor home owner was foreclosed on.

The system is designed to take care of the wealthy and fuck the little guy.

Government is owned by the private sector, who benefits from a subsidies and bailouts. It's called socialism for the wealthy. The rest you may ignore.

It’s called cronyism.....Crony capitalism and too big and powerful a government makes it possible

 

[francoHFW]

and looking the other way on fraud from Pubs' big finance pals DUH.

 

[Jroc]

and looking the other way on fraud from Pubs' big finance pals DUH.

[ame=http://www.youtube.com/watch?v=gSgUENZ9O94]How Cronyism is Hurting the Economy - YouTube[/ame]

 

[auditor0007]

If an average America put 15% of his lifetime income at 4-6%( AT&Tor Verizon) in a private account he'd retire with $1.4 million estate as opposed to no ($0) estate with libturd SS!! Repubican capitalism made us rich, but liberalism stole the money!!!

Its just another a huge huge liberal scandal!!

The median salary is only $26,000. If we up that to $30,000, and if someone were to invest 15% for 45 years at 5%, the net savings after accounting for inflation and earnings would only be $325,000. This is assuming that the employer contributes half as they currently do to SS. Considering that current contributions to SS are only a combined 12.4% as the rest goes to Medicare, the current return via SS is only slightly less. The one advantage with SS is that should you die, your wife and kids will collect benefits until your kids turn 18. This benefit cannot be realized with your investment scenario outside of a separate life insurance policy. In the end, you're not going to see much difference. Based on the numbers you are using, you obviously took the median income as being double what it actually is, and you forgot to account for inflation. You need to do your calculations in today's dollars rather than future dollars if you want to show a constant value of the investment.

Bottom line is your op is a lie.

 

[thereisnospoon]

If an average America put 15% of his lifetime income at 4-6%( AT&Tor Verizon) in a private account he'd retire with $1.4 million estate as opposed to no ($0) estate with libturd SS!! Repubican capitalism made us rich, but liberalism stole the money!!!

Its just another a huge huge liberal scandal!!

The median salary is only $26,000. If we up that to $30,000, and if someone were to invest 15% for 45 years at 5%, the net savings after accounting for inflation and earnings would only be $325,000. This is assuming that the employer contributes half as they currently do to SS. Considering that current contributions to SS are only a combined 12.4% as the rest goes to Medicare, the current return via SS is only slightly less. The one advantage with SS is that should you die, your wife and kids will collect benefits until your kids turn 18. This benefit cannot be realized with your investment scenario outside of a separate life insurance policy. In the end, you're not going to see much difference. Based on the numbers you are using, you obviously took the median income as being double what it actually is, and you forgot to account for inflation. You need to do your calculations in today's dollars rather than future dollars if you want to show a constant value of the investment.

Bottom line is your op is a lie.

Nonsense. If a person has an investment account, mutual fund or other investment vehicle, the funds can most certainly be bequeathed to another.
Where do you people get your information from? A Cracker Jack decoder ring?
The greed of the left for assets they did not earn knows no bounds.

 

[thereisnospoon]

and looking the other way on fraud from Pubs' big finance pals DUH.

francocrappe

 

[ilia25]

his life is average length. He makes average wage at start and end of career

Well, your numbers are wrong. If you account for 3% inflation, the real return rate in you case would be only 1.5%, which translates into 380k after 45 years. Not bad, but it compares to what you get from SS in 25 years. And SS has benefits of being more reliable than any private investment, and covering those earning less than the average.

to stupid!! if you account for inflation than you have to account for it in terms of income invested and return on investment!!

I did, you idiot. If you doesn't account for inflation even your 1.5 million would not buy much in 40 years, would it?

 

[EdwardBaiamonte]

Well, your numbers are wrong. If you account for 3% inflation, the real return rate in you case would be only 1.5%, which translates into 380k after 45 years. Not bad, but it compares to what you get from SS in 25 years. And SS has benefits of being more reliable than any private investment, and covering those earning less than the average.

to stupid!! if you account for inflation than you have to account for it in terms of income invested and return on investment!!

I did, you idiot. If you doesn't account for inflation even your 1.5 million would not buy much in 40 years, would it?

then why would inflation reduce the real return rate as you claim??????????????????????????????????

 

[auditor0007]

If an average America put 15% of his lifetime income at 4-6%( AT&Tor Verizon) in a private account he'd retire with $1.4 million estate as opposed to no ($0) estate with libturd SS!! Repubican capitalism made us rich, but liberalism stole the money!!!

Its just another a huge huge liberal scandal!!

The median salary is only $26,000. If we up that to $30,000, and if someone were to invest 15% for 45 years at 5%, the net savings after accounting for inflation and earnings would only be $325,000. This is assuming that the employer contributes half as they currently do to SS. Considering that current contributions to SS are only a combined 12.4% as the rest goes to Medicare, the current return via SS is only slightly less. The one advantage with SS is that should you die, your wife and kids will collect benefits until your kids turn 18. This benefit cannot be realized with your investment scenario outside of a separate life insurance policy. In the end, you're not going to see much difference. Based on the numbers you are using, you obviously took the median income as being double what it actually is, and you forgot to account for inflation. You need to do your calculations in today's dollars rather than future dollars if you want to show a constant value of the investment.

Bottom line is your op is a lie.

Nonsense. If a person has an investment account, mutual fund or other investment vehicle, the funds can most certainly be bequeathed to another.
Where do you people get your information from? A Cracker Jack decoder ring?
The greed of the left for assets they did not earn knows no bounds.

Do you have any clue what you are talking about? You seem to be referring to the fact that you can pass your investment account on to survivors should you die. I made no such argument against that. What you don't think about is what happens when you die at an early age, before that investment has had time to grow. Get in the ballgame if you want to play.

 

[JoeB131]

If an average America put 15% of his lifetime income at 4-6%( AT&Tor Verizon) in a private account he'd retire with $1.4 million estate as opposed to no ($0) estate with libturd SS!! Repubican capitalism made us rich, but liberalism stole the money!!!

Its just another a huge huge liberal scandal!!

And if he put that same money into MCI, he'd have lost everything.

If he put that into Enron he'd have lost everything.

I know a lot of people who are coming out of retirement now because their investments in Wall Street crashed in 2008...