like the girl said, "when I retire" That's 2041ish for the young people. Who cares if it is a crisis. What we care about is that we are giving 15% of your money and will get nothing or little for it.
The young girl that asked that question was a plant. No one who has investigated Social Security would ask a question like that. My question is why does the government take 15% of my earnings and keep it. And if I need it they only pay me a small fraction of what I am owed. For instance an average wage earner after retirement should be pulling down a minimum of $15,000 per month and have more than $3 million in his "LOCKBOX" to leave to his children for healthcare, education and housing
How about that guy in the other video who said "sometimes you win, sometimes you lose." Who loses if you invest for 30 to 50 years? I tell you what, if people lose on a 40 year diversified investment portfolio, we will have much bigger problems than social security.
Not many lose going long in the stock market. Mostly speculators. The last 25 years the S&P has averaged 12.5 % return on investment. If your nest-egg ever went below the initial capital invested, it would take a devastating economic collapse to pay a return less than what you are currently receiving.
The reason we have not made the transition is because it would be the death knell for the Socialist. Why do you think they are so hell bent on passing Universal Health Care. To enslave us further
Enslave it right. I don't believe socialist do it on purpose though, (well some do). I think the real reason is they are just misinformed--Oprah for example. Our version of socialism the soviet union taken one piece at a time.
1. Anyone who says that Social Security is not in crisis is lying to you or believes a funding shortfall of $200,000 per U.S. worker is not a crisis.
2. There is NO money in the Social Security trust fund. Every year congress spends every penny.
3. Suggesting the solution is to replicate reforms of the 1980's is INSANE. If that were the answer S.S. would be fixed, not on the verge of being in the red again.
like the girl said, "when I retire" That's 2041ish for the young people. Who cares if it is a crisis. What we care about is that we are giving 15% of your money and will get nothing or little for it.
goose1077 4 years ago
The young girl that asked that question was a plant. No one who has investigated Social Security would ask a question like that. My question is why does the government take 15% of my earnings and keep it. And if I need it they only pay me a small fraction of what I am owed. For instance an average wage earner after retirement should be pulling down a minimum of $15,000 per month and have more than $3 million in his "LOCKBOX" to leave to his children for healthcare, education and housing
ReformSocialSecurity 4 years ago
How about that guy in the other video who said "sometimes you win, sometimes you lose." Who loses if you invest for 30 to 50 years? I tell you what, if people lose on a 40 year diversified investment portfolio, we will have much bigger problems than social security.
goose1077 4 years ago
Not many lose going long in the stock market. Mostly speculators. The last 25 years the S&P has averaged 12.5 % return on investment. If your nest-egg ever went below the initial capital invested, it would take a devastating economic collapse to pay a return less than what you are currently receiving.
The reason we have not made the transition is because it would be the death knell for the Socialist. Why do you think they are so hell bent on passing Universal Health Care. To enslave us further
ReformSocialSecurity 4 years ago
Enslave it right. I don't believe socialist do it on purpose though, (well some do). I think the real reason is they are just misinformed--Oprah for example. Our version of socialism the soviet union taken one piece at a time.
goose1077 4 years ago
I want to make three points.
1. Anyone who says that Social Security is not in crisis is lying to you or believes a funding shortfall of $200,000 per U.S. worker is not a crisis.
2. There is NO money in the Social Security trust fund. Every year congress spends every penny.
3. Suggesting the solution is to replicate reforms of the 1980's is INSANE. If that were the answer S.S. would be fixed, not on the verge of being in the red again.
jonjames9 4 years ago