the cato institute explains why young people should be pissed off

[Kidlicious]

Originally posted by Q Cubed
and what's wrong with foisting the care of their parents onto their children? or are we not so sure about personal responsibility here?

Well, people who hold personal responsibility over social welfare will never support SS. I will say that most people do realize that many responsible people would not be able to support themselves or their parents when they retire. That is capitalism. SS is suppose to make capitalism a little nicer.

Originally posted by Q Cubed
and yes, it is an argument against social security, those voting numbers. my responsibility to other peoples' parents stops where their responsibility begins. because they're going to bankrupt the system, it will be non-existent for me.

We don't know if it will bankrupt the system, but if we can't take care of our elderly under capitalism it's time for a change.

[MRT144]

i may be left of center but i hate SS.

[Japher]

I really don't think I will see my Co. going anywhere in the next 100 years since it has been around for over 125 years and is still running good... Still, I am not dependent on my Company, nor the government, for my well being.

You can tell the government has seen this problem for some time. They have created a lot of means to invest for your retirement, education, medical benefits yourself while avoiding taxes. These vehicles keep growing, soon they will cancle SS for us who have these tools there for us our whole lives. I suggest everyone who can get an IRA and contribute max to it if they can, invest as much as you can in your 401k and any other vehicle you can get your hands on.

Even if SS causes the economy to tank, there are ways to make money if you are active in the market. Bull markets aren't always the best any way. Also, if it weren't for 401ks, IRAs, and the other government plan (the number escapes me) the market would be where it is today, up! These vehicles allowed for mutual funds, and for people who know nothing about how to invest to invest. I don't think a slump due to SS colapsing would cause a big disturbance on wall street.

[Q Classic]

You don't like the tax? Look at the alternative.

what, having kids take care of their own parents? it's a lot better than me, an unconcerned individual having money stolen from me to pay for their inability to take responsibility that is their due.

Well, people who hold personal responsibility over social welfare will never support SS.

social welfare stems from personal responsibility. plain and simple. if you take care of your ****, nobody else will have to.

ss doesn't make capitalism any nicer when you're never going to receive the 'nice' part.

[rah]

Originally posted by Kidicious
This sounds like you support SS, so I'm confused. Sorry.

Thank you.
But, while I support the concept and am supporting it through big contributions. I don't agree with how the current system is administered. There has to be a better way.

[Japher]

I agree with both Q^3 and rah... Problem is you can give people the different vehicles and options to SS yet still issues will arise when someone gets to retiring age and have nothing to show for it. Should this be the govs responsibility? Well, it will become their respons...

The SS money should not be able to be touched by the gov, and should be handled by the SEC, Fanney May, Freddy Mac, HUD, etc... Any other institution that can actually invest the money to benefit the economy in a more efficient manner.

Wouldn't it be nice to know that even though your paying SS you can qualify for a home loan since that monthly payment of SS is going towards it? Or that your money is being activelly traded on the market to encourage cheaper goods and services? Rather than being handed over to some old dude, minus 0.55/dollar due to government inadequacies?

I also think it would be nice if they allowed, or gave some benefit, to people who wish to op out of medicare and SS at retirement age. THose who don't need it, or who will work until they drop. That would be nice. I know my parents are wondering if the should take it, it isn't like they will need it... ever.

[MrFun]

I have been thinking of my plans for a retirement investment/account with the assumption that I will not rely on Social Security.

It's just an assumption I have always had ever since I began thinking about starting my IRA and choosing how I want to invest in it, once I have it established.

[Q Classic]

i'm forgetting about social security. on my paychecks, i blank it out so i don't feel as bad about the other taxes too.

[rah]

Yeah, MrFun, most retirement advisors are recomending that you plan on getting nothing from the government when you're calcing what you're going to need for retirement. Actually that's kind of sad.

And it would be nice if families took care of themselves. (hopefully our family will not need anything extra and my parents will be provided for.) But there are families that will fall through the cracks and something must be done for them. It isn't always some choice these people made, but just what fate dealt them.

[Kidlicious]

Originally posted by Japher
The SS money should not be able to be touched by the gov, and should be handled by the SEC, Fanney May, Freddy Mac, HUD, etc... Any other institution that can actually invest the money to benefit the economy in a more efficient manner.

Because the SS surplus is used, it means that we simply pay less taxes in other categories. So the benefit to the economy is the same as the benefit of the Bush tax cuts.

But this is a mute point. Soon (can't remember which year exactly) SS will run a deficit. It's a pay-as-you-go-system. It's just that when the worker/retiree ratio is high there is a surplus that can be used to offset other taxes.

[Imran Siddiqui]

But this is a mute point.

MOOT, not mute... sorry pet peave of mine .

[Kidlicious]

Originally posted by Imran Siddiqui

But this is a mute point.

MOOT, not mute... sorry pet peave of mine .

Eh, sorry, and thanks. I need to know how to spell that on my upcoming business law final.

[chequita guevara]

Originally posted by Kidicious
I'm not *****ing about taxes at all, but it's not a personal investment. It's a social investment.

That wasn't directed at you.

[DinoDoc]

Originally posted by chegitz guevara
Then your pension will be worth as much as an Enron employee's pension. But those folks are glad that they've got SS.

If they're depending on SS, they'll not be living vey well. Of course there is always welfare for people stupid enough to depend on SS for thier retirement.

[Vesayen]

I dont want to pay hundreds of thousands of dollars into security.

I dont want the goverment to support me in my old age.

I want MY OWN DAMN MONEY to do with as I wish, and no one elses.

Call me greedy, I DARE YOU!!!