the cato institute explains why young people should be pissed off

[Kidlicious]

Originally posted by Japher
All I know is that I will never see a penny of that SS money, it is only being STOLEN from me so that old people don't start roaming the streets and smelling up the place; and that's worth it.

I am investing as much as I can now so that I can enjoy my future. I am also lucky in that if I work for my company for at least 10 years I get a nice pension, on top of my 401k, and I can keep my health insurance for as long as I live (no Spider, just pay the flat monthly of whatever it is when I leave)... I like that

Have more babies Japher.

[rah]

Originally posted by el freako


Now that's a silly argument if ever I heard one.

You might as well say that it's not your fault as a worker that the company is going bust because the standards were set by people who had higher productivity (for which read had more children) and demanded lower wages (for which read dying earlier).
You say our generation is not to blame because we behaved differently than our parents - and yet we expect the same benefit from a system that only really worked under their behaviour.

Sadly, you are typical of our generation, you complain that we should get the benefit of a system that has been broken by our changes behaviour.
Us boomers need to face up to the consequences of our actions.

Yes, my argument was as silly as yours, that's was my intent. I'm glad you were equally amused.

Try arguing my original point, (IF YOU CAN)

Which was, I refuse to be called greedy to expect some benifits after contributing to a system (not of my design or choice of participating) over 1,000,000 dollars. Which is what I would have when I'm 65 if I had stashed the money almost anywhere but this pyramid scheme.

How does expecting something equate to greed?

[chequita guevara]

Originally posted by Japher
I am investing as much as I can now so that I can enjoy my future. I am also lucky in that if I work for my company for at least 10 years I get a nice pension, on top of my 401k, and I can keep my health insurance for as long as I live (no Spider, just pay the flat monthly of whatever it is when I leave)... I like that

Unless your company tanks. Then your pension will be worth as much as an Enron employee's pension. But those folks are glad that they've got SS.

[Japher]

I don't think my company will tank, but then I don't invest all my 401k money into the company stock... It is actually only about 10% of my retirement holdings when I combine it with my IRA... I also have an investment account outside of my retirement accounts. I manage these, feed them regualarly, and have done rather well over the past 10 years with it. Since I started working full time 5 years ago I have done even better, having been able to contribute more... That will all stop, Kid, when I have kids, and then some of it will be put into a house... All I am getting at is that if you rely on the government to plan for your future you will be even more disappointed than those screwed by Enron. Note: Enron employees put all their trust in the company and not the government. The government is the next Enron, only this time it is plainly obvious.

[chequita guevara]

Let me put it this way. If the government can't fund SS, then the government is way more trouble than just SS, and the economy will be f*cked anyway.

[Q Classic]

let me put it this way. the government already looks like it can't fund ss without stealing gratuitous amounts of my paycheck.

the government is already in trouble, and it's only a matter of time before young moderates are pissed off enough to have a revolution of roses.

the economy is always going to look ****ed to those on the receiving end of it.

[Kidlicious]

Originally posted by rah




Yes, my argument was as silly as yours, that's was my intent. I'm glad you were equally amused.

Try arguing my original point, (IF YOU CAN)

Which was, I refuse to be called greedy to expect some benifits after contributing to a system (not of my design or choice of participating) over 1,000,000 dollars. Which is what I would have when I'm 65 if I had stashed the money almost anywhere but this pyramid scheme.

How does expecting something equate to greed?

If you don't want to contribute your share, how is that not greed?

[chequita guevara]

Originally posted by Q Cubed
the government is already in trouble,

Only because you conservatives keep trying to kill it.

[Agathon]

This thread is rather amusing.

There is no reasonable alternative to state provision of health care for the elderly. It's simply cheaper, just as Canada's single payer health care system is cheaper than private insurance. Partly because single payer systems involve less bureaucracy and partly because their compulsory nature prevents free riding.

If you can find some other cheaper way by which we can make sure that the elderly get the appropriate health care, remembering that people use the vast majority of health care resources in the last years of their life, then I'll eat my hat. We know that charity doesn't do enough and private markets are a joke.

Private systems of insurance don't work in this case (that's why every single civilized country has adopted some version of social security). Too many people are irrational and won't save enough and too many people will be caught up in losing schemes and end their lives prematurely and in poverty.

Remember that everyone would not enjoy seeing hordes of the elderly begging on the streets or having to have their incontinent senile parents living with them.

[Kidlicious]

It always breaks down to this, SS is SOCIAL security. Individuals pay in so that other individuals will benefit. It doesn't really matter that SS is going to run deficits, because if you don't like the idea of individuals paying for other individuals benefits then you will always hate SS.

[Kidlicious]

Originally posted by Agathon
Remember that everyone would not enjoy seeing hordes of the elderly begging on the streets or having to have their incontinent senile parents living with them.

They wouldn't enjoy it, but some of them would rather not pay their share to take care of them. Now, that's greed.

[Q Classic]

Only because you conservatives keep trying to kill it.

i love being called a conservative. really, i do. about as much as i love being called a liberal.

the government is in danger not because conservatives want to kill it, but because those who get elected tend to be mediocre, they tend to slavishly follow party directives without thought, and then **** up the rest of us with huge policy shifs to the left and to the right.

the country is in danger because we keep failing our national iq tests.

[Q Classic]

It always breaks down to this, SS is SOCIAL security. Individuals pay in so that other individuals will benefit. It doesn't really matter that SS is going to run deficits, because if you don't like the idea of individuals paying for other individuals benefits then you will always hate SS.

i don't mind people paying for others. i mind the fact that it's the single worst investment i will ever make, and i won't even get a choice nor a say in it.

[Kidlicious]

Originally posted by Q Cubed

It always breaks down to this, SS is SOCIAL security. Individuals pay in so that other individuals will benefit. It doesn't really matter that SS is going to run deficits, because if you don't like the idea of individuals paying for other individuals benefits then you will always hate SS.

i don't mind people paying for others. i mind the fact that it's the single worst investment i will ever make, and i won't even get a choice nor a say in it.

But it's not an investment. It's a tax. Some people get a net benefit and some people lose out.

[chequita guevara]

Why don't you just ***** about taxes like the rest of the conservatives?