Who Should Have The Right To Vote?

[TooTall]

[Where does Mutual of Omaha get the money to pay the beneficiary when someone dies?

Great question. This should clear up your confusion.

Mutual of Omaha collects premiums and invests the money in a combination of funds to protect principle but also allow the fund to grow. When a policyholder dies, they take the money out of the fund and pay the beneficiaries.

Social Security collected premiums and put the money in the General fund. They wrote themself an IOU and spent the money. When someone retires, they give their kids the bills to pay for their retirement and to pay back the IOUs the government wrote themselves because they never actually saved anything.

How are you not getting this?

Nothing that I didn't already know. Mutual of Omaha got the money to invest from voluntary policy holders who GAVE them the money to invest.

The bottom line is as long as the Federal government can require wage earners to pay SS taxes and can borrow money on the full faith and credit of the US economy, Social Security will be solvent.

So as long as government is solvent and can pay welfare it isn't welfare. Got it. Where is my pen? I'm learning so much today that want to write down.

While you are writing, note the difference between a paid for benefit and a gift.

That's the whole point. They saved nothing. They ... spent ... the ... money.

When I went to the grocery store today, I didn't create an asset, I spent the money. The money was gone. When I want to the gas station, I didn't have the money I spent on the gas anymore. I spent it.

When I put money in the bank, I have the money still. That is saving. That isn't what they did with social security. The government collected it and spent it.

Did you buy lunch today? Is the money you spent on a tuna sandwich still in your wallet? Why not? You seriously don't grasp this? Only government says money it spent is an asset, and only complete suckers believe them.

I understand that Social Security as it is presently administered is a train wreck waiting to happen. George Bush attempted to make a change but was blocked by the Democrats. Calling it welfare is not the answer and as you can see, the SS system in place will self destruct in the near future. What do you propose to do about it?

"According to the Social Security Trustees, who oversee the program and report on its financial condition, program costs are expected to exceed non-interest income from 2011 onward. However, due to interest (earned at a 4.4% rate in 2011) the program will run an overall surplus that adds to the fund through the end of 2021.
Under current law, the securities in the fund represent a legal obligation the government must honor when program revenues are no longer sufficient to fully fund benefit payments. However, when the trust fund is used to cover program deficits in a given year, the Trust Fund balance is reduced. By 2033, the fund is expected to be exhausted. Thereafter, payroll taxes are projected to only cover approximately 75% of program obligations."

 

[JakeStarkey]

All we have to do is to read bripat and then laugh at his silliness.

 

[TooTall]

[Where does Mutual of Omaha get the money to pay the beneficiary when someone dies?

Great question. This should clear up your confusion.

Mutual of Omaha collects premiums and invests the money in a combination of funds to protect principle but also allow the fund to grow. When a policyholder dies, they take the money out of the fund and pay the beneficiaries.

Social Security collected premiums and put the money in the General fund. They wrote themself an IOU and spent the money. When someone retires, they give their kids the bills to pay for their retirement and to pay back the IOUs the government wrote themselves because they never actually saved anything.

How are you not getting this?

Nothing that I didn't already know. Mutual of Omaha got the money to invest from voluntary policy holders who GAVE them the money to invest.

The bottom line is as long as the Federal government can require wage earners to pay SS taxes and can borrow money on the full faith and credit of the US economy, Social Security will be solvent.

Only according to the Mafioso definition of "solvent." According to the legal definition, SS went bankrupt a long time ago.

It isn't bankrupt until the Federal government can no longer sell US Treasuries, which is a back door method of the government borrowing money. If that day comes, you and I will have a helluva lot more to worry about than Social Security.

 

[EdwardBaiamonte]

It isn't bankrupt until the Federal government can no longer sell US Treasuries,

too stupid!! by that standard the libs can go 200 trillion in debt as our standard of living declines constantly to soviet levels.

 

[TooTall]

It isn't bankrupt until the Federal government can no longer sell US Treasuries,

too stupid!! by that standard the libs can go 200 trillion in debt as our standard of living declines constantly to soviet levels.

I believe that is what they plan on doing.

 

[EdwardBaiamonte]

It isn't bankrupt until the Federal government can no longer sell US Treasuries,

too stupid!! by that standard the libs can go 200 trillion in debt as our standard of living declines constantly to soviet levels.

I believe that is what they plan on doing.

yes, as long as they can keep the welfare redistribution flowing and votes coming they will do it regardless of the consequences!!

 

[Wry Catcher]

Perhaps we should vote based on education, since knowledge and technology is the primary driver of the economy. The more education you have, the more your vote is weighted.

It would look like this

No high school: 0 votes
High school, GED: 1 vote
Some post-secondary: 2 votes
Associate degree: 3 votes
Bachelors Degree: 5 votes
Masters, advanced degrees: 20 votes
PhDs: 100 votes

And once you have at least a Masters, it doesn't matter if you are a citizen.

That's very fair.

Holy shit. We'd be very progressive if we did that. No Trey Gowdy's or Michelle Bachman's would be elected.

How many people who don't have a high school diploma do you think vote? Do you think it is a large percentage of the electorate?

Think first, nutter. It will be more interesting that way.

1 vote by someone without a high school education is 1 too many!

People with more education are just better people. We should all recognize this obvious fact. We want smart people making decisions, not dumb people! Can you believe dumb people think they should be able to vote just because they were born here?

Here's another: 500 votes for every commercially viable patent you own.

Yes! Bill Gates should get millions of votes !

Exactly.

Also, we shouldn't reward people with silly degrees too much. But we should reward useful degrees. So, for example, if you have a hard, useful degree, like biochemistry or electrical engineering, your vote is adjusted by a factor greater than one, like maybe 2x. But for easy, useless degrees, like history, your vote is adjusted by 0.5.

Yeah! History is bullshit!

Agreed, it is rewritten by the cons every chance they get!

 

[Wry Catcher]

Looks as if this thread has been kidnapped by the echo chamber.

Real Americans believe in one vote for every citizen and the majority wins.

 

[bripat9643]

We all have vested interests in our government, we all have the right to vote.

some are primarily producers for the liberal leeches. Voting is not supposed to be about leeching it is supposed to be about the commonweal.

"When the people find that they can vote themselves money, that will herald the end of the republic."
-Benjamin Franklin

It is not about producers and workers, it is about citizens, period.

Right, some citizens produce, and some citizens are leeches.

 

[bripat9643]

Looks as if this thread has been kidnapped by the echo chamber.

Real Americans believe in one vote for every citizen and the majority wins.

That's what the mob of leeches believes in.

 

[bripat9643]

[Where does Mutual of Omaha get the money to pay the beneficiary when someone dies?

Great question. This should clear up your confusion.

Mutual of Omaha collects premiums and invests the money in a combination of funds to protect principle but also allow the fund to grow. When a policyholder dies, they take the money out of the fund and pay the beneficiaries.

Social Security collected premiums and put the money in the General fund. They wrote themself an IOU and spent the money. When someone retires, they give their kids the bills to pay for their retirement and to pay back the IOUs the government wrote themselves because they never actually saved anything.

How are you not getting this?

Nothing that I didn't already know. Mutual of Omaha got the money to invest from voluntary policy holders who GAVE them the money to invest.

The bottom line is as long as the Federal government can require wage earners to pay SS taxes and can borrow money on the full faith and credit of the US economy, Social Security will be solvent.

Only according to the Mafioso definition of "solvent." According to the legal definition, SS went bankrupt a long time ago.

It isn't bankrupt until the Federal government can no longer sell US Treasuries, which is a back door method of the government borrowing money. If that day comes, you and I will have a helluva lot more to worry about than Social Security.

Sorry, but that's not how the courts define bankruptcy in the case of a private business. The minute it reneges on its financial obligations, it's bankrupt. SS has already done that multiple times.

 

[bripat9643]

Looks as if this thread has been kidnapped by the echo chamber.

Real Americans believe in one vote for every citizen and the majority wins.

That's what the mob of leeches believes in.

Man, you are one miserable little twerp.

ROFL! Why, because I understand democracy?

 

[TooTall]

[Where does Mutual of Omaha get the money to pay the beneficiary when someone dies?

Great question. This should clear up your confusion.

Mutual of Omaha collects premiums and invests the money in a combination of funds to protect principle but also allow the fund to grow. When a policyholder dies, they take the money out of the fund and pay the beneficiaries.

Social Security collected premiums and put the money in the General fund. They wrote themself an IOU and spent the money. When someone retires, they give their kids the bills to pay for their retirement and to pay back the IOUs the government wrote themselves because they never actually saved anything.

How are you not getting this?

Nothing that I didn't already know. Mutual of Omaha got the money to invest from voluntary policy holders who GAVE them the money to invest.

The bottom line is as long as the Federal government can require wage earners to pay SS taxes and can borrow money on the full faith and credit of the US economy, Social Security will be solvent.

Only according to the Mafioso definition of "solvent." According to the legal definition, SS went bankrupt a long time ago.

It isn't bankrupt until the Federal government can no longer sell US Treasuries, which is a back door method of the government borrowing money. If that day comes, you and I will have a helluva lot more to worry about than Social Security.

Sorry, but that's not how the courts define bankruptcy in the case of a private business. The minute it reneges on its financial obligations, it's bankrupt. SS has already done that multiple times.

They aren't bankrupt YET! I already posted this once, but here it is again.

"According to the Social Security Trustees, who oversee the program and report on its financial condition, program costs are expected to exceed non-interest income from 2011 onward. However, due to interest (earned at a 4.4% rate in 2011) the program will run an overall surplus that adds to the fund through the end of 2021.
Under current law, the securities in the fund represent a legal obligation the government must honor when program revenues are no longer sufficient to fully fund benefit payments. However, when the trust fund is used to cover program deficits in a given year, the Trust Fund balance is reduced. By 2033, the fund is expected to be exhausted. Thereafter, payroll taxes are projected to only cover approximately 75% of program obligations."

 

[LoneLaugher]

It isn't bankrupt until the Federal government can no longer sell US Treasuries,

too stupid!! by that standard the libs can go 200 trillion in debt as our standard of living declines constantly to soviet levels.

I believe that is what they plan on doing.

yes, as long as they can keep the welfare redistribution flowing and votes coming they will do it regardless of the consequences!!

Hello, Edward.

It seems that many of your fellow USMB nutters share the views that you have expressed here. That liberals......and Democrats in particular....are perfectly willing to destroy the economy by giving away benefits to shiftless people because it wins them votes.

Have you ever made an attempt to substantiate that claim? Does the math even come close to supporting your thesis?

How many voting age Americans are there?
Of that number....how many are receiving welfare?
Of that number....how many are voters?
Of that number....what percentage exclusively votes Democrat?

Of the number of voting Americans who don't receive welfare, what percentage exclusively votes Republican?

That's a start. Please see if you can come up with reasonable answers to those questions......then we can examine the numbers and see if they support your claim.

 

[percysunshine]

.

When I was 6 years old, I gave my dad my Christmas wish list of toys and told him if Santa did not cough up the goods, I was going to take Santa to the Supreme Court.

It was a long, cold, and boring winter that year.

.

 

[LoneLaugher]

.

When I was 6 years old, I gave my dad my Christmas wish list of toys and told him if Santa did not cough up the goods, I was going to take Santa to the Supreme Court.

It was a long, cold, and boring winter that year.

.

That isn't true.

Why would you invent that story and try to pass it off as truth? It isn't even witty.

 

[percysunshine]

.

When I was 6 years old, I gave my dad my Christmas wish list of toys and told him if Santa did not cough up the goods, I was going to take Santa to the Supreme Court.

It was a long, cold, and boring winter that year.

.

That isn't true.

Why would you invent that story and try to pass it off as truth? It isn't even witty.

.

If you look up the word 'parable' at dictionary.com, your angst will subside.

.

 

[Toro]

Perhaps we should vote based on education, since knowledge and technology is the primary driver of the economy. The more education you have, the more your vote is weighted.

It would look like this

No high school: 0 votes
High school, GED: 1 vote
Some post-secondary: 2 votes
Associate degree: 3 votes
Bachelors Degree: 5 votes
Masters, advanced degrees: 20 votes
PhDs: 100 votes

And once you have at least a Masters, it doesn't matter if you are a citizen.

That's very fair.

Check out this table:
Educational attainment in the United States, Age 25 and Over (2013)
Education level and Percentage of population:
High school graduate 88.15%
Some college 58.33%
Associate's and/or Bachelor's degree 41.50%
Bachelor's degree 31.66%
Master's and/or Doctorate and/or professional degree 11.57%
Doctorate and/or professional degree 3.16%
Doctorate 1.68%
So if people with doctorates were given 100 votes each, their weighted influence in an election would be just slightly larger than the segment of the population with Bachelor's degrees, each of whom got 5 votes.

I know, right?

What a good idea.

 

[LoneLaugher]

.

When I was 6 years old, I gave my dad my Christmas wish list of toys and told him if Santa did not cough up the goods, I was going to take Santa to the Supreme Court.

It was a long, cold, and boring winter that year.

.

That isn't true.

Why would you invent that story and try to pass it off as truth? It isn't even witty.

.

If you look up the word 'parable' at dictionary.com, your angst will subside.

.

Sorry. You tried to pass off obvious bullshit. That wasn't posted as a parable.

It's OK.....USMB nutters often do that shit because their reality doesn't match their ideology.

 

[percysunshine]

.

When I was 6 years old, I gave my dad my Christmas wish list of toys and told him if Santa did not cough up the goods, I was going to take Santa to the Supreme Court.

It was a long, cold, and boring winter that year.

.

That isn't true.

Why would you invent that story and try to pass it off as truth? It isn't even witty.

.

If you look up the word 'parable' at dictionary.com, your angst will subside.

.

Sorry. You tried to pass off obvious bullshit. That wasn't posted as a parable.

It's OK.....USMB nutters often do that shit because their reality doesn't match their ideology.

.
Is reading comprehension still a challenge?

.