I agree with you. However, Social Security is a program that pay incomes to people on the basis of retirement, survivor and disability. What's wrong with that?
@dmana3172 - the problem I have with the system is that the government has raided the coffers. We have no money 'saved up' in the social security account. It has all been used as general funds by the government. The way the plan was designed was to, as a society, pay into a fund that would ensure that, at a minimum, people would be taken care of in the event of another depression. It should be a supplement to personal retirement, not your retirement plan!
@Eisenmond Social Security is something that reward people for working all those years. It's not a retirement plan, but it can help us in a sluggish economy we're going through right now.
ok i am working class i'm lucky to have a roof over my head.i have NO money left over to save.i do not make $50,000 a year.i work for a living.Social Security is my retirement plan.
Yep..... you hit the nail on the head. Social security was PURELY designed to make people dependant on the gov. All those old people living of there children had nothing to do with it....
yesterday is not 2day! you have a point but ...the problom is.....it's a lost hope! there are alot of disabled people in America! and ...not only that but...your fate is already in the governments hand lol cuz...things are falling apart in america right..like jobs and such....and banks are already go'n through shit so whats gona happen to your money when they are done for? it;ll just be gone...! you know im glade u have a J.O.b but the fact is...so many dont..so many can't .....fate???
I'm 28, ever since I started working in the real world (after college) I've been planning for retirement. Not once have I considered that Social Security will be there for me when that day comes that I decided to stop working. It's sad that more people don't think that way.
The only true Republican is Ron Paul... the rest are Republicrats...
people of the past spoke of the future when banks control the money supply, it's called the end of your country..... I invest all my money in gold, silver, oil, and Nigerian bank accounts and UK lotteries that I have won through email..
You have a lot of nerve there. The government only has to protect it's people by providing a common defense and that's it.
I don't read anywhere in the US Constitution where it said to devalue our currency and cause inflation by a private bank. I don't see anywhere in the US Constitution where it says to bankrupt your own people and force them to live a life of debt and pass that debt on to the next generation so a few greedy people can rule everything.
What I learned watching this unfold: there are a few million americans like my grandad that need SS and medicare.
I have no problem with that, but a bigger government with more taxes means more people must lean on the government like my grandad when you have no right to do so.
One: my father's parents both survived on SS and medicare. They were very thankful for it and would have died years ago without it. However, as poor as they were, that is all they could do...
two: my 60 year old father saw this and swore he wouldn't allow himself to be this way. He'll retire a millionaire when my mom and dad both make a combined 80k per year.
Titanium dragon, do you REALLY believe that passing money to your descendants is "a joke"?! You might think inheritance taxes are like "Robin Hood", but I submit your view HELPS the current "nobility" by squashing "competition". The path of a historically poor family can change because of ONE member's vision and discipline to provide not only for himself or herself, but also for future generations. Such a pursuit is virtuous. To take that away is NOT what America should be about.
If the US government collapses, we're all screwed and it is WWIII time. Arguing that social security is not a retirement program is farcical - it IS one. The original point of social security for old people was to get them to stop working and so they wouldn't be destitute. It is better to plan for yourself. Also, as an aside, government workers don't all need 401ks because they actually get stipends; its part of why they have low wages.
@TitaniumDragon That is incorrect, on average public employees benefits are now superior to the private sectors. I know, I used to work for the county in Washington state, I was making much more than what I would have made in the private sector. Social Security will soon be taking in less than it pays out, the Ponzi scheme is going broke. And the 2.6 Trillion in special class SS tbills.....uh, they have the stench of Vegas written all over them, fiat money that is non fungible.........YIKERS.
@tickyul They do. Clearly you don't understand the public sector; they make about 5% less than private sector workers. Had you done some reasearch on the subject you'd know this.
@TitaniumDragon Well, you have broadened this thread into me not understanding the public sector, my comments were more narrow, just regarding wages. I guess the numbers regarding salaries depend on who you source them from, lots of variation. Here in San Diego and around the country, many local governments are broke or nearly so. Many functions could be done by the private sector, even if not cheaper, the city does not incur pension costs.
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 WITH MY NAME ON IT" to leave to his children for healthcare, education and housing
Passing money on to your descendants is a joke; it is what created the nobility, and I fully support high inheritance taxes. And the government provides YOU with the social order to enjoy your money - you benefit from it more than the poor.
You know coming from my grandmother and great-grandmother... they earned more money and passed it on to my family because there were honored to do so. They chose to help out their family that they love instead of blowing it on themselves.
If you actually read the Constitution, the federal government should only provide for our common defense. After that, you are ON YOUR OWN... freedom... amazing concept I know...
Obviously you've neither read nor understood the Constitution, or the cecession of power by the states to the federal government over the last two centuries. The government is to do large numbers of things these days. Freedom? You are the folks who supported slavery. Don't try to claim freedom; you don't believe in it.
Just like all the great work they did in Hurricane Katrina...
you can't rely on a government for anything... to think you should is insane... the founding fathers knew this, and it's why we fought a war that lasted almost 7 years to create a government that gave the people the power.
The US Government cannot take on social programs in it's current level of affairs without destroying itself... freedom is not a government telling me what to do... how fucking insane are you?
I'm not insane. You just don't comprehend reality. How is the government giving out social security controlling you? Answer: It isn't. Obviously.
The government is not perfect. But it is much worse under Republicans, allowing such as 9/11 and Hurricane Katrina to occur. They prove laissez faire government simply doesn't work in the modern era. They whine when the Democrats do what must be done.
And there is no garantuee that your job will be there tomorrow...or that you will have your health. Your money could disappear almost over night if you became injured or sick. I am glad you still have your American Dream. Millions and millions of people have seen their dream slip away. What is wrong with depending on the money we put into this program that was to benefit us in our golden years?
Lizi - the original billing of the plan was to ensure that elderly or jobless did not starve to death, as in the Depression. But it has been expanded to a social retirement plan, in which people are failing to save in addition to... mainly because we are taxed at a rate that doesnt allow further savings. The best thing for everyone is a government that withdraws from "securing" the people. The fed govt has a $2.9 Trillion budget... And with it, the power to coerce us with our own money.
@Lizi99 There is NO money in this program, it has been spent. Revenue that comes in from Fica goes into the general fund, it is spent quickly. The US government has issued 2.5 Trillion in class SS Tbills to the Social Security system. So basically, the government is gauranteeing US debt with US debt, wow that is scary. Those Tbills have the stench of Vegas all over themselves.
@Lizi99 Yeah, and in a couple of years SS will be regularly paying out more than it takes in. Basically, this is a broke Ponzi scheme.....made to look a little better with some accounting tricks. Class SS t-bill are non fungible. These "lockbox" funds have the stench of Vegas all over them.
@tickyul not if big GOV can eliminate 30% of the American population, namely a big chunk of elderly and Baby Boomers. WHO keeps screaming “pandemic emanate”, so we should assume they have some credibility for this thought. Have you seen the footage of the black containment coffin's (FEMA) that are stored around major cities by the millions?
@Lizi99 Uh-oh, I smell "tin foil hat" thinking at work. I mean, come on, why don't you look at the problems right in front of your face, you do not have to buy into wild fantasies. Did jets hit the twin towers on 9-1-1? The fucking problem is not some mysterious plot by Big Brother. it is idiots who believe that SS is not broke, they believe the crap accounting tricks by the Government. The big conspiracy is not one at all, the government will just chop bennies when needed.
the worst thing about socialist security is the belief that the government has the right to force you to do things. their is no authority granted by the constitution to the federal government to require a citizen to do anything. it is immortal to demand you be given anything at someone else's expense.
I agree with you. The only Republican who is serious about this issue is Ron Paul. He wants young people to be able to opt out of Social Security all together. The other Republicans just want to "privatize it" which just means more government.
You're absolutely right. SS was meant as starvation insurance, not a full-fledged pension plan.
Why ppl don't want to keep their own money is beyond me...even keeping the money and buying bonds would give more money. Plus, you'd get to ACCESS it WHENEVER you want, not after age 62.
But, that's assuming we gen x/y ppl will even see it. 99.9% sure we will not. Even if we do...hehehe, check the value of the dollar lately?
Get a life, dude. I dont need to discus qualifications with you. That is the beauty of youTube... you can say what you want, and thus spark discussion. People like you dumb down the system by using vulgarities and language reflecting your lack of education.
I am a firm believer in the founding principles, and Social Security was not one of them. In fact, it is a socialist doctrine born from a depression caused by failed government intervention into the economy.
@twochordcool Ok, I will, Social Security will soon be regularly paying out more than it takes in.......basically broke. I guess we can bring in more illegals to prop up this Ponzi scheme. And those fake, class SS t-bills...just government debt gauranteed by more government debt.
@shadydawg555 Well, what would you do??? I mean, it should be past the point of throwing stones, is this how the USA deals with major problems now??? There is NO FUNGIBLE ASSETS in the SS trust fund, SS will regularly be paying out more than it takes in within a couple of years. The creeps we call leaders should stop acting like children and make true reforms.
Glad SSI is a retirement plan for most??? Why do you think the program is going to go bust? People are DEPENDING on the plan instead of DEPENDING on themselves.
It's unfortunate that because someone has views against a big government that you believe they MUST have been educated by a conservative talk show. And this is not the first time I have heard your style of statement... so can you tell me an original thought of YOUR own?
OK, fucking genius, what do you suggest the pension-less working class, the majority of the people in this country, not even middle class, just scraping by, do for retirement?
For starters, watch your language or you'll be blocked. Secondly, Those currently paid into the Social Security program should be cut a check for the entire amount paid in. They should invest that money. The Social Security program is unconstitutional and is phase one of a socialist system in which the government dictates our retirement funds, often redistributing moneys from wealthy to poor
Can you imagine how people would react if someone came to their door and said: "Hello, I'm going to take about 8% of every dollar you earn and save it for your golden years. This is not optional, you don't have any say where the money is 'saved', you can't borrow against it to buy a home or to put your kids through college, and it won't collect a penny of interest. And by the way, you won't get any of it when you retire because our administrators will have spent all of it."
I am so glad you own a buissness i would like to be free,Can i come work for you?I have 2 desintegrated hip bones and a few herniated disks in my back.What time should i show up for work?As usual another idea without a solution,like makeing toilets with less water so you would have to flush them 3 times as much than the older ones,gas hoses with tubes opn them that poured more fumes in the air than the others ever did.
Interesting video. My thoughts: I think that we are already starting to see a shift in the way that social security is viewed. Over the long term, we will see a greater reliance on 401(k) and IRA plans, and in some cases defined benefit plans (e.g. government and teachers' retirement plans, and to a much lesser extent, long term individual participation in the equity markets.
I hope none of you clowns who hate the elderly & disabled so much that you want to deprive them of food & shelter will never have to be in the same boat as they are. Please spare me your bragging about your allegedly huge stock portfolio because the suckers of Enron had the same thing too, and look where they are now.
You are an idiot. You have no intention of discussing the issues, and obviously do not listen to or comprehend other people's comments. This is not an issue of hate, this is not an issue of nazism, this is an issue of dependance on the government and living in a welfare state. Take your comments somewhere else.
Would you at least agree that there should be some sort of safety net in place for unforeseen things? My dad died when I was 15; the social security benefits put me and my brother through college.
Yes... That is what social security is for... to ensure that your family survives a tragedy such as that... also life insurance is affordable these days as well. But when people count on it as their retirement... that is where you start giving up freedom to live at the hand of the government
I think you are confusing economic freedom with political freedom. People that fail to plan for retirement don't "live at the hand of the government", they merely limit the set of consumption choices available to them.
I hope none of you idiots that hate the poor so much that you want to cut off their Social Security never have a child or parent that becomes disabled. That's when you'll realize that these programs are so vital to society.
I do not hate the poor. I am poor. My family is poor... we work hard for what we have. And we know the importance of freedom is more so than surviving by the govt. Live free or die is not just a motto, it is a way of life.
I am not going to prove the negative, trying to prove that I dont "hate the poor"
The point is, these programs are bad, and create a welfare state. Too much power to the govt = too little freedom for the people.
I hope none of you clowns who hate the poor so much never have a child or parent that becomes disabled. That's the time when you'll thank God for such assistance programs.
I hope none of you clowns who hate the poor so much never have a child or parent that becomes disabled. That's when you'll finally understand why these programs are so vital.
It will be interesting to see you on your 62nd birthday, because we BOTH know you'll be right there at your local Social Security office, demanding every penny of your check.
(this is the part where you claim that of course you'll be there because you've paid into the system for so many year. Which, of course, shows that you're not only a hypocrite, but two-faced as well).
No... I plan on not collecting one dime of my check. I detest Social Security, and look forward to the day when the system as it exists is eliminated. That goes for welfare too. We are creating a society dependant on the government... I have the freedom to refuse that service, regardless of the money I have put in... If they send a check, I will ritualistically burn each and every one... Why? Because I do not need it, I do not want it...
PS: Just out of curiosity, what do you plan to do about all the millions of elderly and disabled people who will have no money for food or shelter? Sorry, Auschwitz has been closed down for years. Can't use that option.
Disabled or otherwise incapable citizens in NEED of the funding, thereby unable (not unwilling) to work will be grandfathered in.
Everyone else will need to consider the type of retirement they wish to have. Possible relocation from expensive living areas like CA to more agreeable areas like CO.
There is a difference between forced relocation for political or religious reasons and relocation for lifestyle choices. Folks can choose to live where they want, how they want... but the government is not going to subsidize it!
How in the hell is liberating ourselves from the federal government ANYTHING like the holocaust? Your parallels are way off base!
"I would rather we all learn to be self sufficient than require the government to ration our needs for survival"
That sounds great - but what happens when the odds of the game is stacked against you and you're lucky enough to be getting by, much less worrying about what is going to happen when you are too old or frail to work?
Easy... If the government didn't require upwards of 60% of our income for tax purposes, saving money would be a lot easier. Why does the US government need a 2.9 Trillion dollar budget? They don't. So they should stay out of our wallets. Imagine if you earned $1000 a week, and got $1000... not $450... imagine what we could save...
You are thinking within the bounds set forth by the government. I propose eliminating the boundaries and going back to the fundamentals. Get the government out of our wallet, out of our bedroom, out of our lives. The Constitution states that the Govt. must protect, not provide...
A liberal sees a starving child, gives him a sandwich, and the child comes back the next day for more free food.
A conservative sees a starving child and teaches the child how to grow lettuce, wheat, tomatoes, and raise goats for meat and cheese so they don't have to deal with them again.
If you saved 13% of your income annually and invested in a portfolio that can get you 9% per annum by the time you are 66 you could park your savings in T-bills and live until the age of 85 on your salary increasing 4% per annum until the investment runs out.
Good video. Although I think the important thing you need to point out to the trogolodytes is how retarded our SS system is(namely the idea of investing 13% of your income at a rolling T-Bill rate for 40 plus years).
I just ran a real simple model that shows how SS COULD be legitimate retirement savings
If you assume at age 21 you make $100. Your salary increases at 4%...
don't believe that they stole the social security money?...go look it up...I can't remember where I heard or read it but it's true...we got like a 9 trillion dollar debt...you think they are going to leave social security money untouched?...
there is no social security...hahahaha...it's all was stolen a long time ago...the Govt just keeps paying benefits through other means just to keep people quiet until one day they bring the hammer down...we won't be able to say anything either because we don't have any rights anymore...
Remember the government is taking money from its citizens every pay period,unvoluntarily,strong arm approach supposedly to insure some kind of return(supplemental income)on your investment for retirement, disability coverage for eligible workers and their dependents and health care for the elderly whose retirement age keeps going up.What happened to the government for the people and by the people...we want what was taken from us under the guise that we were investing in our future. Enuf said!
I understand that we all are paying into it, and that we all want our just desserts! The point I am making is that we need to stop paying into a system that is such a broad social program, and start focusing on personal responsibility... saving for ourselves... tell the governemnt to stop taking the 15%, and let me be responsible for it myself...
Any government that takes FIFTEEN PERCENT of my GROSS INCOME and says it is not a retirement plan is a thieving one, and any flunky moron who buys the Lush Rimjob party line is weak-minded himself.
I am not buying into Rush politics... I don't even listen to Rush... the fact of the matter is that the more we let ourselves be dependent on the government, the less say we have... we become the pet, and they the master... capable of stopping the checks if we get out of line...
The more we let ourselves be governed, the less we realize our freedoms...
Oh, Steven, are you suggesting that people do something like skip the daily $5 frappachinomochalitethingy coffee or smoke the $15 a pack cigarette habit to save the money for their retirement??? How insensitive of you!
LOL! I'm going to get my Social Security! Unless you're in your 60s I wouldn't count on it! LOL!
I think you just have to look to Russia where there are so many people that wish they could go back to communism, because they were more comfortable with less freedom & all the inefficiency than to live in a world where they'd have to actually make decisions themselves! Too many people want the government to take care of them, no matter the cost to freedom!
true, it's not retirement,
but it is our money,that
we havea right to, 401ks
are a joke, however
pacoloco729 1 month ago
I agree with you. However, Social Security is a program that pay incomes to people on the basis of retirement, survivor and disability. What's wrong with that?
dmana3172 7 months ago
@dmana3172 - the problem I have with the system is that the government has raided the coffers. We have no money 'saved up' in the social security account. It has all been used as general funds by the government. The way the plan was designed was to, as a society, pay into a fund that would ensure that, at a minimum, people would be taken care of in the event of another depression. It should be a supplement to personal retirement, not your retirement plan!
Eisenmond 7 months ago
@Eisenmond Social Security is something that reward people for working all those years. It's not a retirement plan, but it can help us in a sluggish economy we're going through right now.
dmana3172 7 months ago
@Eisenmond I see. Can you tell me how social security should be fixed?
dmana3172 7 months ago
what is your income and what job do u do?
KripDrip 1 year ago
@KripDrip
Is that important? What does his income and job title have to do with being a responsible American?
mongelongi 8 months ago
ok i am working class i'm lucky to have a roof over my head.i have NO money left over to save.i do not make $50,000 a year.i work for a living.Social Security is my retirement plan.
MFP1520 1 year ago
only ignorant people believe laziness exists. unproductivity exists, laziness does not.
exbronco1980 1 year ago
Yep..... you hit the nail on the head. Social security was PURELY designed to make people dependant on the gov. All those old people living of there children had nothing to do with it....
CmdrTobs 1 year ago
FAGGGGGGGGGGG
heyfukyouu 1 year ago
lolololol must suck 2b yall! bitchn bout this shit america has one fate only!
greed of money will crumble all man kind... humans are stupid!
heavenlycharm86 2 years ago
yesterday is not 2day! you have a point but ...the problom is.....it's a lost hope! there are alot of disabled people in America! and ...not only that but...your fate is already in the governments hand lol cuz...things are falling apart in america right..like jobs and such....and banks are already go'n through shit so whats gona happen to your money when they are done for? it;ll just be gone...! you know im glade u have a J.O.b but the fact is...so many dont..so many can't .....fate???
heavenlycharm86 2 years ago
I Heard you can use your sin card to buy stuff in America, its a debit card and the Goverment picks up the tab.
Home of the Free.
LightingArts 3 years ago
Typical eunuch type ideology.
alcam14 3 years ago
I'm 28, ever since I started working in the real world (after college) I've been planning for retirement. Not once have I considered that Social Security will be there for me when that day comes that I decided to stop working. It's sad that more people don't think that way.
robert0380 3 years ago
The only true Republican is Ron Paul... the rest are Republicrats...
people of the past spoke of the future when banks control the money supply, it's called the end of your country..... I invest all my money in gold, silver, oil, and Nigerian bank accounts and UK lotteries that I have won through email..
cowboycarl04 3 years ago 3
lol
doublementerprises 3 years ago
You have a lot of nerve there. The government only has to protect it's people by providing a common defense and that's it.
I don't read anywhere in the US Constitution where it said to devalue our currency and cause inflation by a private bank. I don't see anywhere in the US Constitution where it says to bankrupt your own people and force them to live a life of debt and pass that debt on to the next generation so a few greedy people can rule everything.
cowboycarl04 3 years ago
What I learned watching this unfold: there are a few million americans like my grandad that need SS and medicare.
I have no problem with that, but a bigger government with more taxes means more people must lean on the government like my grandad when you have no right to do so.
Power is to the people, not some establishment.
cowboycarl04 3 years ago
here are two stories in my family.
One: my father's parents both survived on SS and medicare. They were very thankful for it and would have died years ago without it. However, as poor as they were, that is all they could do...
two: my 60 year old father saw this and swore he wouldn't allow himself to be this way. He'll retire a millionaire when my mom and dad both make a combined 80k per year.
cowboycarl04 3 years ago
Titanium dragon, do you REALLY believe that passing money to your descendants is "a joke"?! You might think inheritance taxes are like "Robin Hood", but I submit your view HELPS the current "nobility" by squashing "competition". The path of a historically poor family can change because of ONE member's vision and discipline to provide not only for himself or herself, but also for future generations. Such a pursuit is virtuous. To take that away is NOT what America should be about.
Ldawgity 3 years ago
@Ldawgity Yes it is. That is exactly what America is about. America does not believe in nobility, and you do.
If you don't earn your wealth yourself you do not deserve it. There's no reason your descendants should benefit from your hard work.
TitaniumDragon 1 year ago
If the US government collapses, we're all screwed and it is WWIII time. Arguing that social security is not a retirement program is farcical - it IS one. The original point of social security for old people was to get them to stop working and so they wouldn't be destitute. It is better to plan for yourself. Also, as an aside, government workers don't all need 401ks because they actually get stipends; its part of why they have low wages.
TitaniumDragon 4 years ago
@TitaniumDragon Government workers.....low wages....LOL, you may be thinking about the way things were 20 years ago, not now.
tickyul 1 year ago
@tickyul No, I'm thinking about something called reality. Compare public sector to private sector jobs; the public sector jobs do not pay as well.
Perhaps you should do some research before you complain.
TitaniumDragon 1 year ago
@TitaniumDragon That is incorrect, on average public employees benefits are now superior to the private sectors. I know, I used to work for the county in Washington state, I was making much more than what I would have made in the private sector. Social Security will soon be taking in less than it pays out, the Ponzi scheme is going broke. And the 2.6 Trillion in special class SS tbills.....uh, they have the stench of Vegas written all over them, fiat money that is non fungible.........YIKERS.
tickyul 1 year ago
@tickyul They do. Clearly you don't understand the public sector; they make about 5% less than private sector workers. Had you done some reasearch on the subject you'd know this.
TitaniumDragon 1 year ago
@TitaniumDragon Well, you have broadened this thread into me not understanding the public sector, my comments were more narrow, just regarding wages. I guess the numbers regarding salaries depend on who you source them from, lots of variation. Here in San Diego and around the country, many local governments are broke or nearly so. Many functions could be done by the private sector, even if not cheaper, the city does not incur pension costs.
tickyul 1 year ago
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 WITH MY NAME ON IT" to leave to his children for healthcare, education and housing
ReformSocialSecurity 4 years ago
Passing money on to your descendants is a joke; it is what created the nobility, and I fully support high inheritance taxes. And the government provides YOU with the social order to enjoy your money - you benefit from it more than the poor.
TitaniumDragon 4 years ago
You know coming from my grandmother and great-grandmother... they earned more money and passed it on to my family because there were honored to do so. They chose to help out their family that they love instead of blowing it on themselves.
If you actually read the Constitution, the federal government should only provide for our common defense. After that, you are ON YOUR OWN... freedom... amazing concept I know...
cowboycarl04 3 years ago
Obviously you've neither read nor understood the Constitution, or the cecession of power by the states to the federal government over the last two centuries. The government is to do large numbers of things these days. Freedom? You are the folks who supported slavery. Don't try to claim freedom; you don't believe in it.
TitaniumDragon 3 years ago
Just like all the great work they did in Hurricane Katrina...
you can't rely on a government for anything... to think you should is insane... the founding fathers knew this, and it's why we fought a war that lasted almost 7 years to create a government that gave the people the power.
The US Government cannot take on social programs in it's current level of affairs without destroying itself... freedom is not a government telling me what to do... how fucking insane are you?
cowboycarl04 3 years ago
I'm not insane. You just don't comprehend reality. How is the government giving out social security controlling you? Answer: It isn't. Obviously.
The government is not perfect. But it is much worse under Republicans, allowing such as 9/11 and Hurricane Katrina to occur. They prove laissez faire government simply doesn't work in the modern era. They whine when the Democrats do what must be done.
TitaniumDragon 3 years ago
hummm its called social.....people
security....safe....a safe plan for people.
And there is no garantuee that your job will be there tomorrow...or that you will have your health. Your money could disappear almost over night if you became injured or sick. I am glad you still have your American Dream. Millions and millions of people have seen their dream slip away. What is wrong with depending on the money we put into this program that was to benefit us in our golden years?
Lizi
Lizi99 4 years ago
Lizi - the original billing of the plan was to ensure that elderly or jobless did not starve to death, as in the Depression. But it has been expanded to a social retirement plan, in which people are failing to save in addition to... mainly because we are taxed at a rate that doesnt allow further savings. The best thing for everyone is a government that withdraws from "securing" the people. The fed govt has a $2.9 Trillion budget... And with it, the power to coerce us with our own money.
Eisenmond 4 years ago
@Lizi99 There is NO money in this program, it has been spent. Revenue that comes in from Fica goes into the general fund, it is spent quickly. The US government has issued 2.5 Trillion in class SS Tbills to the Social Security system. So basically, the government is gauranteeing US debt with US debt, wow that is scary. Those Tbills have the stench of Vegas all over themselves.
tickyul 1 year ago
@Lizi99 Yeah, and in a couple of years SS will be regularly paying out more than it takes in. Basically, this is a broke Ponzi scheme.....made to look a little better with some accounting tricks. Class SS t-bill are non fungible. These "lockbox" funds have the stench of Vegas all over them.
tickyul 1 year ago
@tickyul not if big GOV can eliminate 30% of the American population, namely a big chunk of elderly and Baby Boomers. WHO keeps screaming “pandemic emanate”, so we should assume they have some credibility for this thought. Have you seen the footage of the black containment coffin's (FEMA) that are stored around major cities by the millions?
Lizi99 1 year ago
@Lizi99 Uh-oh, I smell "tin foil hat" thinking at work. I mean, come on, why don't you look at the problems right in front of your face, you do not have to buy into wild fantasies. Did jets hit the twin towers on 9-1-1? The fucking problem is not some mysterious plot by Big Brother. it is idiots who believe that SS is not broke, they believe the crap accounting tricks by the Government. The big conspiracy is not one at all, the government will just chop bennies when needed.
tickyul 1 year ago
the worst thing about socialist security is the belief that the government has the right to force you to do things. their is no authority granted by the constitution to the federal government to require a citizen to do anything. it is immortal to demand you be given anything at someone else's expense.
nonrepublicrat 4 years ago
I agree with you. The only Republican who is serious about this issue is Ron Paul. He wants young people to be able to opt out of Social Security all together. The other Republicans just want to "privatize it" which just means more government.
macintologist04 4 years ago 4
You're absolutely right. SS was meant as starvation insurance, not a full-fledged pension plan.
Why ppl don't want to keep their own money is beyond me...even keeping the money and buying bonds would give more money. Plus, you'd get to ACCESS it WHENEVER you want, not after age 62.
But, that's assuming we gen x/y ppl will even see it. 99.9% sure we will not. Even if we do...hehehe, check the value of the dollar lately?
D4LIEN 4 years ago
It's just differing political ideologies...I don't think the gov't should be my babysitter.
ghostofxmaspast 4 years ago
By the way, how much should I bet that you are just a moronic tool educated at the Rush Limbaugh School For the Braindead?
Tell me an original thought of your own, OK dope?
twochordcool 4 years ago
Get a life, dude. I dont need to discus qualifications with you. That is the beauty of youTube... you can say what you want, and thus spark discussion. People like you dumb down the system by using vulgarities and language reflecting your lack of education.
I am a firm believer in the founding principles, and Social Security was not one of them. In fact, it is a socialist doctrine born from a depression caused by failed government intervention into the economy.
Eisenmond 4 years ago
@twochordcool Ok, I will, Social Security will soon be regularly paying out more than it takes in.......basically broke. I guess we can bring in more illegals to prop up this Ponzi scheme. And those fake, class SS t-bills...just government debt gauranteed by more government debt.
tickyul 1 year ago
@tickyul Doesnt matter, the way it is looking, Obama seems to wanna cut Social Security period, so the unemployment rate will REALLY skyrocket!
Honestly, be glad SSI is a retirement plan for most people. More jobs for us.
shadydawg555 1 year ago
@shadydawg555 Well, what would you do??? I mean, it should be past the point of throwing stones, is this how the USA deals with major problems now??? There is NO FUNGIBLE ASSETS in the SS trust fund, SS will regularly be paying out more than it takes in within a couple of years. The creeps we call leaders should stop acting like children and make true reforms.
tickyul 1 year ago
@shadydawg555
Glad SSI is a retirement plan for most??? Why do you think the program is going to go bust? People are DEPENDING on the plan instead of DEPENDING on themselves.
mongelongi 8 months ago
@twochordcool
It's unfortunate that because someone has views against a big government that you believe they MUST have been educated by a conservative talk show. And this is not the first time I have heard your style of statement... so can you tell me an original thought of YOUR own?
mongelongi 8 months ago
OK, fucking genius, what do you suggest the pension-less working class, the majority of the people in this country, not even middle class, just scraping by, do for retirement?
twochordcool 4 years ago
For starters, watch your language or you'll be blocked. Secondly, Those currently paid into the Social Security program should be cut a check for the entire amount paid in. They should invest that money. The Social Security program is unconstitutional and is phase one of a socialist system in which the government dictates our retirement funds, often redistributing moneys from wealthy to poor
Eisenmond 4 years ago
Can you imagine how people would react if someone came to their door and said: "Hello, I'm going to take about 8% of every dollar you earn and save it for your golden years. This is not optional, you don't have any say where the money is 'saved', you can't borrow against it to buy a home or to put your kids through college, and it won't collect a penny of interest. And by the way, you won't get any of it when you retire because our administrators will have spent all of it."
Halgrim 4 years ago
I am so glad you own a buissness i would like to be free,Can i come work for you?I have 2 desintegrated hip bones and a few herniated disks in my back.What time should i show up for work?As usual another idea without a solution,like makeing toilets with less water so you would have to flush them 3 times as much than the older ones,gas hoses with tubes opn them that poured more fumes in the air than the others ever did.
seekandyoushalfind 4 years ago
Interesting video. My thoughts: I think that we are already starting to see a shift in the way that social security is viewed. Over the long term, we will see a greater reliance on 401(k) and IRA plans, and in some cases defined benefit plans (e.g. government and teachers' retirement plans, and to a much lesser extent, long term individual participation in the equity markets.
techmsa08 4 years ago
You are completely right.
Yairio 4 years ago
I hope none of you clowns who hate the elderly & disabled so much that you want to deprive them of food & shelter will never have to be in the same boat as they are. Please spare me your bragging about your allegedly huge stock portfolio because the suckers of Enron had the same thing too, and look where they are now.
mhirtes12 4 years ago
You are an idiot. You have no intention of discussing the issues, and obviously do not listen to or comprehend other people's comments. This is not an issue of hate, this is not an issue of nazism, this is an issue of dependance on the government and living in a welfare state. Take your comments somewhere else.
Eisenmond 4 years ago
Would you at least agree that there should be some sort of safety net in place for unforeseen things? My dad died when I was 15; the social security benefits put me and my brother through college.
techmsa08 4 years ago
Yes... That is what social security is for... to ensure that your family survives a tragedy such as that... also life insurance is affordable these days as well. But when people count on it as their retirement... that is where you start giving up freedom to live at the hand of the government
Eisenmond 4 years ago
I think you are confusing economic freedom with political freedom. People that fail to plan for retirement don't "live at the hand of the government", they merely limit the set of consumption choices available to them.
techmsa08 4 years ago
I hope none of you idiots that hate the poor so much that you want to cut off their Social Security never have a child or parent that becomes disabled. That's when you'll realize that these programs are so vital to society.
mhirtes12 4 years ago
I do not hate the poor. I am poor. My family is poor... we work hard for what we have. And we know the importance of freedom is more so than surviving by the govt. Live free or die is not just a motto, it is a way of life.
I am not going to prove the negative, trying to prove that I dont "hate the poor"
The point is, these programs are bad, and create a welfare state. Too much power to the govt = too little freedom for the people.
Eisenmond 4 years ago
I hope none of you clowns who hate the poor so much never have a child or parent that becomes disabled. That's the time when you'll thank God for such assistance programs.
mhirtes12 4 years ago
I hope none of you clowns who hate the poor so much never have a child or parent that becomes disabled. That's when you'll finally understand why these programs are so vital.
mhirtes12 4 years ago
"A liberal sees a starving child, gives him a sandwich, and the child comes back the next day for more free food."
Yes. How DARE that child not live for the rest of it's life on that one sandwich.
mhirtes12 4 years ago
Or learn how to be self sufficient... The more we depend on the government to give, the more we can expect the government to be able to take away.
I would rather we all learn to be self sufficient than require the government to ration our needs for survival.
Eisenmond 4 years ago
It will be interesting to see you on your 62nd birthday, because we BOTH know you'll be right there at your local Social Security office, demanding every penny of your check.
(this is the part where you claim that of course you'll be there because you've paid into the system for so many year. Which, of course, shows that you're not only a hypocrite, but two-faced as well).
mhirtes12 4 years ago
No... I plan on not collecting one dime of my check. I detest Social Security, and look forward to the day when the system as it exists is eliminated. That goes for welfare too. We are creating a society dependant on the government... I have the freedom to refuse that service, regardless of the money I have put in... If they send a check, I will ritualistically burn each and every one... Why? Because I do not need it, I do not want it...
Eisenmond 4 years ago
"No... I plan on not collecting one dime of my check."
Oh yes you will. Stop lying. We both know you'll be there at the Soc. Sec. office on your 62nd birthday, rain or shine.
mhirtes12 4 years ago
PS: Just out of curiosity, what do you plan to do about all the millions of elderly and disabled people who will have no money for food or shelter? Sorry, Auschwitz has been closed down for years. Can't use that option.
Enlighten us, oh wise one.
mhirtes12 4 years ago
Oh... Umm.. That place is closed... Looks like we'll have to rely heavily on plan B.
The grandfather clause.
Anyone over the age of 55 currently would continue receiving bennefits. They must have no outside income over $30K annually to do so, or they 4fit.
Eisenmond 4 years ago
Disabled or otherwise incapable citizens in NEED of the funding, thereby unable (not unwilling) to work will be grandfathered in.
Everyone else will need to consider the type of retirement they wish to have. Possible relocation from expensive living areas like CA to more agreeable areas like CO.
Eisenmond 4 years ago
Ahhhhhyes. The old "relocation" scheme. Worked so spiffy for the "red man" and "Jewish" problems, didn't it?
mhirtes12 4 years ago
There is a difference between forced relocation for political or religious reasons and relocation for lifestyle choices. Folks can choose to live where they want, how they want... but the government is not going to subsidize it!
How in the hell is liberating ourselves from the federal government ANYTHING like the holocaust? Your parallels are way off base!
Eisenmond 4 years ago
"There is a difference between forced relocation for political or religious reasons and relocation for lifestyle choices. "
Ah, so THAT'S what they call it now? A lot more slick than "final solution", I'll give you that.
mhirtes12 4 years ago
What is your obsession with nazism? Of course I know the answer. Slander anyone who disagrees with you as being evil like a nazi.
In fact, I am advocating for a society free from the chains of government control.
Social Security is the very thing that Nazi's would have supported.
Live free or die, brother!
Eisenmond 4 years ago
The government will need to fix the fissure economic exploitation of the poor, so housing is more affordable, food is more affordable, etc.
It is a challenge to ween ourselves off the tit... but necessary.
Eisenmond 4 years ago
I would rather eat dirt and twigs than depend on the government for my survival.
Eisenmond 4 years ago
"I would rather we all learn to be self sufficient than require the government to ration our needs for survival"
That sounds great - but what happens when the odds of the game is stacked against you and you're lucky enough to be getting by, much less worrying about what is going to happen when you are too old or frail to work?
twochordcool 4 years ago
Easy... If the government didn't require upwards of 60% of our income for tax purposes, saving money would be a lot easier. Why does the US government need a 2.9 Trillion dollar budget? They don't. So they should stay out of our wallets. Imagine if you earned $1000 a week, and got $1000... not $450... imagine what we could save...
Eisenmond 4 years ago
You are thinking within the bounds set forth by the government. I propose eliminating the boundaries and going back to the fundamentals. Get the government out of our wallet, out of our bedroom, out of our lives. The Constitution states that the Govt. must protect, not provide...
Eisenmond 4 years ago
A liberal sees a starving child and gives them a sandwich.
A conservative sees a starving child and gives them a bible.
A libertarian sees a starving child and puts up a privacy fence so they don't have to see that shit any more.
mhirtes12 4 years ago
Incorrect.
A liberal sees a starving child, gives him a sandwich, and the child comes back the next day for more free food.
A conservative sees a starving child and teaches the child how to grow lettuce, wheat, tomatoes, and raise goats for meat and cheese so they don't have to deal with them again.
The libertarian still builds the fence, though.
Eisenmond 4 years ago
If you saved 13% of your income annually and invested in a portfolio that can get you 9% per annum by the time you are 66 you could park your savings in T-bills and live until the age of 85 on your salary increasing 4% per annum until the investment runs out.
carRamRod04 4 years ago
Good video. Although I think the important thing you need to point out to the trogolodytes is how retarded our SS system is(namely the idea of investing 13% of your income at a rolling T-Bill rate for 40 plus years).
I just ran a real simple model that shows how SS COULD be legitimate retirement savings
If you assume at age 21 you make $100. Your salary increases at 4%...
carRamRod04 4 years ago
don't believe that they stole the social security money?...go look it up...I can't remember where I heard or read it but it's true...we got like a 9 trillion dollar debt...you think they are going to leave social security money untouched?...
theredpill99 4 years ago
there is no social security...hahahaha...it's all was stolen a long time ago...the Govt just keeps paying benefits through other means just to keep people quiet until one day they bring the hammer down...we won't be able to say anything either because we don't have any rights anymore...
theredpill99 4 years ago
Remember the government is taking money from its citizens every pay period,unvoluntarily,strong arm approach supposedly to insure some kind of return(supplemental income)on your investment for retirement, disability coverage for eligible workers and their dependents and health care for the elderly whose retirement age keeps going up.What happened to the government for the people and by the people...we want what was taken from us under the guise that we were investing in our future. Enuf said!
purrfitfit 4 years ago
I understand that we all are paying into it, and that we all want our just desserts! The point I am making is that we need to stop paying into a system that is such a broad social program, and start focusing on personal responsibility... saving for ourselves... tell the governemnt to stop taking the 15%, and let me be responsible for it myself...
Eisenmond 4 years ago
Any government that takes FIFTEEN PERCENT of my GROSS INCOME and says it is not a retirement plan is a thieving one, and any flunky moron who buys the Lush Rimjob party line is weak-minded himself.
tbradhansen 4 years ago
I am not buying into Rush politics... I don't even listen to Rush... the fact of the matter is that the more we let ourselves be dependent on the government, the less say we have... we become the pet, and they the master... capable of stopping the checks if we get out of line...
The more we let ourselves be governed, the less we realize our freedoms...
Eisenmond 4 years ago
Oh, Steven, are you suggesting that people do something like skip the daily $5 frappachinomochalitethingy coffee or smoke the $15 a pack cigarette habit to save the money for their retirement??? How insensitive of you!
: )
RogCBrand 4 years ago
LOL! I'm going to get my Social Security! Unless you're in your 60s I wouldn't count on it! LOL!
I think you just have to look to Russia where there are so many people that wish they could go back to communism, because they were more comfortable with less freedom & all the inefficiency than to live in a world where they'd have to actually make decisions themselves! Too many people want the government to take care of them, no matter the cost to freedom!
RogCBrand 4 years ago