Worthless shitbag wants to know how much he's worth to you

[SSG Snuggle Bunny]

kentuck  (1000+ posts)        Wed Sep-14-11 06:20 PM
Original message
Is 7.65% of your income too much to pay ?
 For the financial and medical security of our old folks? Does that seem like an extraordinarily high amount of taxes to pay for such a high reward?

Would you be willing to pay more?

That is presently, before Obama's FICA taxcut takes effect, the Social Security and Medicare taxes that are paid by each worker in America. Of course, his employer is required to put in a similar amount. Is that such a drag on our economy? It seems like a grand bargain to me?

I do not believe people thoroughly understand what they get for such a small percentage of their paychecks? And it is not going bankrupt. It is not a Ponzi scheme. That money pays for the security of our folks and the medical needs as provided by Medicare. Now here in the private health industry will they get such a great deal.

If it was only 7.65% of my income that would be one thing but this sad argument is being made time and again so it is now a cumulative 35-plus percent.

And if I thought I might see my 7.65% ever again that too might be a selling point but as it stands half of DU is vying to be declared disabled so they don't have to work and they can sponge off my 7.65% for their dope and munchie money so I'll never see a dime no matter how long I work.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1938447

[JohnnyReb]

No one has ever admitted it but I believe that that 15.3% paid by some illegal aliens on fake SS #'s is the reason both the dems and the repubs won't deport the illegals.

If the illegals are gone, the ponzi SS pyramid will collapse.

[Texacon]

I can spend my 15.3% better than the government can.  Most of us can.  It is only the morons, like the denizens of the DUmp, who firmly believe the government can spend their money better than they can.

MY 15.3% is extorted.  I don't want to pay it.  I want to invest it for MY retirement.  I want to leave it to whomever I choose.  I want to start drawing the money when *I* want to with no penalties.  I want to make more than 2% on MY investment.  The money I invest is safer than what is extorted from me.

Think about it DUmmies.

KC

[JohnnyReb]

I can spend my 15.3% better than the government can.  Most of us can.  It is only the morons, like the denizens of the DUmp, who firmly believe the government can spend their money better than they can.

MY 15.3% is extorted.  I don't want to pay it.  I want to invest it for MY retirement.  I want to leave it to whomever I choose.  I want to start drawing the money when *I* want to with no penalties.  I want to make more than 2% on MY investment.  The money I invest is safer than what is extorted from me.

Think about it DUmmies.

KC

Most DUmmies are probably getting back more as a tax refund than they have had withheld from the checks...and that's including FICA.

It's a second democrat welfare check/vote buying scheme.

[Erasmus]

And it is not going bankrupt.

Bullshit.  It is broke - already.

It is not a Ponzi scheme.

Bullshit.  It is the same thing Madoff did to his investors.  Only he ran out of fresh meat, just like our current system is doing.

That money pays for the security of our folks and the medical needs as provided by Medicare.

That they could probably have afforded on their own had they not been bilked out of 7.65% for the past 50 years.

Now here in the private health industry will they get such a great deal.

Nowhere in the private industry is happy about providing services for the measly reimbursement rates medicare provides.  Many doctors have stopped taking it.

[ConservativeMobster]

Do they have the FICO-HI in a "lock" box?  Let's split hairs, split taxes, call them anything but what they are. Ponzi schemes.

[Erasmus]

You could beat the hell out of SS had you invested that 7.65% and merely earned an average annual rate of return of 5%.

[thundley4]

Quote
It is not a Ponzi scheme.
Bullshit.  It is the same thing Madoff did to his investors.  Only he ran out of fresh meat, just like our current system is doing.


Social Security is not a Ponzi scheme. Ponzi schemes are voluntary, money is not taken  from you under threats of penalties.

[JohnnyReb]

Worthless shitbag wants to know how much he's worth to you...

OK I'm calculating.....times .06....carry the one....divide by infinity....subtract 9 and add 0.....hmmmm...some imaginary number .....and the answer....some outlandish figure to the negative tenth power of infinity...in other words...

YOU'RE WORTHLESS TO ME

[Erasmus]

Social Security is not a Ponzi scheme. Ponzi schemes are voluntary, money is not taken  from you under threats of penalties.

Minor difference, lol.

[JohnnyReb]

Minor difference, lol.

The devil is in the details....and the devils in D.C. will send a detail to get their pound of flesh.

[jukin]

It's 15.3%, as pointed out above, and no you are not worth it. It's just like burning money for me.  I will never see a dime of it and I'm 51.

[DumbAss Tanker]

Worthless shitbag wants to know how much he's worth to you...

OK I'm calculating.....times .06....carry the one....divide by infinity....subtract 9 and add 0.....hmmmm...some imaginary number .....and the answer....some outlandish figure to the negative tenth power of infinity...in other words...

YOU'RE WORTHLESS TO ME

You're kinder than I would be to that useless drugged-up loser, I'd have to go with negative value, not just a net zero but a recurring loss that sucks assets for no good end every month, month after month after month.

[JohnnyReb]

You're kinder than I would be to that useless drugged-up loser, I'd have to go with negative value, not just a net zero but a recurring loss that sucks assets for no good end every month, month after month after month.

I see and talk to "these people" every day. I wish these damn liberals living in their remote white ivory towers would just follow me around for a week are two. The one or two that were brave enough to follow me into those areas that they were afraid to enter have come away even more conservative than I. They just can't fathom how "these people" can think and act like they do.

[Texacon]

I wish I could run my business like the government.  If I need more money at the end of the month I just demand it.  If I make a bad spending decision ... no big deal it wasn't my money to begin with.

There is the disconnect the DUmmies can't grasp.  It is far too easy to spend other peoples money.  When I need something done I weigh whether or not it is cost efficient to do the job myself or hire someone to do it.  When the government needs something done it is going to be hired out because it doesn't cost them a dime.

KC

[marv]

SS is a modified insurance/Ponzi scheme except that contributions are mandatory.

This is the Ponzi part. To be viable, SS needs an ever increasing number of contributers. But the ratio of contributors to recipients has been decreasing because of a decreasing birth rate and the increase in longevity. The wages of the contributors are also decreasing.

This is the insurance part. The consequences of the so-called payroll tax break will come in to play when those who want them today will find that, because their contributions were reduced today, and their checks will be that much smaller tomorrow. What you get out when you are eligible to collect is based on what you've put in while you worked. Even the libtards in Congress are waking up to this fact.

The original IRA under Reagan, with the income tax exempt contributions, was the best plan to come down the pike.

[zeitgeist]

Well now what does on think of this ?

kentuck  (1000+ posts)        Wed Sep-14-11 04:56 PM
Response to Reply #32
33. Everyone is paying 7.65%...
including the employers. There is no evidence that would be added to employees paycheck if employers did not pay it. They would find another area to make up for the 7.65%, as they are doing at present, with less in pay increases or less in benefits to their employees. 

This is considered round house as thinking as opposed to thinking outside the box.  They'll never corner you Kentuck your logical ability is, well, astounding, I might even say incomprehensible to mortal man.

[miskie]

So, I have done the math.... This is what you are worth to me, primitive.

Have a nice day.

[DumbAss Tanker]

SS is a modified insurance/Ponzi scheme except that contributions are mandatory.

This is the Ponzi part. To be viable, SS needs an ever increasing number of contributers.

...and/or an ever-increasing level of contributions into it.  I believe it started out quite small, and even when I was just entering the workforce, it was less than a third of its current level.  Of course rolling so many other systems into it since its inception, including military pay and then Federal civil service from the mid-80s onward, has also increased the pool of participants faster than the population has grown.

[JohnnyReb]

...and/or an ever-increasing level of contributions into it.  I believe it started out quite small, and even when I was just entering the workforce, it was less than a third of its current level.  Of course rolling so many other systems into it since its inception, including military pay and then Federal civil service from the mid-80s onward, has also increased the pool of participants faster than the population has grown.

I believe it started out at "never more than 1%"....If I remember correctly, it was 3.2% (6.4% total) back in the 60's....and now it's 15.3% and going to be climbing.

[Vagabond]

The DUmmies expect they will get out more than they put in, hence their support.  Of course, if the government keeps spending like it has under Obama, there won't be any SS or medicare.  There won't even be a US government as we recognize it.

[BEG]

I love how the dems what to eleminate the limit on income that can be taxed for SS but means test it with the other hand.

[thundley4]

I love how the dems what to eleminate the limit on income that can be taxed for SS but means test it with the other hand.

That's how wealth transfer works.

[DumbAss Tanker]

I love how the dems what to eleminate the limit on income that can be taxed for SS but means test it with the other hand.

...And they would have gotten away with it too, if it wasn't for you pesky kids and that darn dog!

 

[Boudicca]

So, I have done the math.... This is what you are worth to me, primitive.

Have a nice day.

Hmm, you're way too kind.  I'd've gone with the shit sandwich.