Forced Savings
Posted: Thu Apr 11, 2019 10:32 pm
:cringe:
Page 3 of 3
Forced Savings
Posted: Fri Apr 12, 2019 7:34 am
Forced Savings
Posted: Fri Apr 12, 2019 8:11 am
wap wrote: ↑Thu Apr 11, 2019 4:20 pmThank you, Dirk.Desertbreh wrote: ↑Thu Apr 11, 2019 3:59 pm
It IS YOUR FUCKING PROBLEM BREH. The streets cannot be filled with penniless 65 year olds just because Eric the Great Libertarian of East Baton Rouge Parish demands absolute freedumbs for himself and others.
The current system is set up so if you work for 40 years and don't save shit you are guaranteed rent on your double wide in some shithole eating Banquet Fried Chicken with freezer burn. This is preferable to having to defend yourself against them with your 2700 AK parts.
Forced Savings
Posted: Fri Apr 12, 2019 8:15 am
Why would you want to increase the ability for more wasteful spending of a social security tax? Of course its a good idea in theory. Its a well intentioned feel good social welfare program. Sadly, its a far cry from what it started out as. There are WAY too many people living on the SS teet that have never paid into the system.
got an ADHD kid? Heres $400/mo.
Someone is going to have to be the bad guy and scale back the program to its original role. Not a new version on welfare state.
got an ADHD kid? Heres $400/mo.
Someone is going to have to be the bad guy and scale back the program to its original role. Not a new version on welfare state.
Forced Savings
Posted: Sat Apr 13, 2019 6:05 am
dubshow wrote: ↑Fri Apr 12, 2019 8:15 am Why would you want to increase the ability for more wasteful spending of a social security tax? Of course its a good idea in theory. Its a well intentioned feel good social welfare program. Sadly, its a far cry from what it started out as. There are WAY too many people living on the SS teet that have never paid into the system.
got an ADHD kid? Heres $400/mo.
Someone is going to have to be the bad guy and scale back the program to its original role. Not a new version on welfare state.
Forced Savings
Posted: Sat Apr 13, 2019 9:22 am
4zilch wrote: ↑Sat Apr 13, 2019 6:05 amdubshow wrote: ↑Fri Apr 12, 2019 8:15 am Why would you want to increase the ability for more wasteful spending of a social security tax? Of course its a good idea in theory. Its a well intentioned feel good social welfare program. Sadly, its a far cry from what it started out as. There are WAY too many people living on the SS teet that have never paid into the system.
got an ADHD kid? Heres $400/mo.
Someone is going to have to be the bad guy and scale back the program to its original role. Not a new version on welfare state.
because in 12 years time youre gonna see some crazy shit when it becomes insolvent. they even say so on their website...
https://www.ssa.gov/oact/TRSUM/index.html
Forced Savings
Posted: Mon Apr 15, 2019 7:35 am
Forced Savings
Posted: Mon Apr 15, 2019 8:40 am
Oh, you wanted a cereal discussion?dubshow wrote: ↑Sat Apr 13, 2019 9:22 am
they even say so on their website...
https://www.ssa.gov/oact/TRSUM/index.html
Forced Savings
Posted: Mon Apr 15, 2019 9:12 am
4zilch wrote: ↑Mon Apr 15, 2019 8:40 amOh, you wanted a cereal discussion?dubshow wrote: ↑Sat Apr 13, 2019 9:22 am
they even say so on their website...
https://www.ssa.gov/oact/TRSUM/index.html
Honey nut Cheerios
Tied with frosted mini wheats
Forced Savings
Posted: Mon Apr 15, 2019 9:19 am
Forced Savings
Posted: Mon Apr 15, 2019 9:38 am
Forced Savings
Posted: Mon Apr 15, 2019 12:58 pm
Way back when I represented a guy in a criminal case, who, as far as I could tell, received SSI benefits because he was an asshole....."couldn't get along with others in the workplace" type deal.dubshow wrote: ↑Fri Apr 12, 2019 8:15 am Why would you want to increase the ability for more wasteful spending of a social security tax? Of course its a good idea in theory. Its a well intentioned feel good social welfare program. Sadly, its a far cry from what it started out as. There are WAY too many people living on the SS teet that have never paid into the system.
got an ADHD kid? Heres $400/mo.
Someone is going to have to be the bad guy and scale back the program to its original role. Not a new version on welfare state.
Forced Savings
Posted: Mon Apr 15, 2019 1:48 pm
Forced Savings
Posted: Mon Apr 15, 2019 8:28 pm
Except you're assuming money is finite, the .gov can print as much as it wants.dubshow wrote: ↑Fri Apr 12, 2019 8:15 am Why would you want to increase the ability for more wasteful spending of a social security tax? Of course its a good idea in theory. Its a well intentioned feel good social welfare program. Sadly, its a far cry from what it started out as. There are WAY too many people living on the SS teet that have never paid into the system.
got an ADHD kid? Heres $400/mo.
Someone is going to have to be the bad guy and scale back the program to its original role. Not a new version on welfare state.
Forced Savings
Posted: Tue Apr 16, 2019 9:01 am
So...can you collect SSI benefits if you've never paid into the system? I thought that was a requirement and a factor in how much benefit you end up receiving?Desertbreh wrote: ↑Mon Apr 15, 2019 12:58 pmWay back when I represented a guy in a criminal case, who, as far as I could tell, received SSI benefits because he was an asshole....."couldn't get along with others in the workplace" type deal.dubshow wrote: ↑Fri Apr 12, 2019 8:15 am Why would you want to increase the ability for more wasteful spending of a social security tax? Of course its a good idea in theory. Its a well intentioned feel good social welfare program. Sadly, its a far cry from what it started out as. There are WAY too many people living on the SS teet that have never paid into the system.
got an ADHD kid? Heres $400/mo.
Someone is going to have to be the bad guy and scale back the program to its original role. Not a new version on welfare state.
Forced Savings
Posted: Tue Apr 16, 2019 9:20 am
1. Yes, lolDetroit wrote: ↑Tue Apr 16, 2019 9:01 am1. So...can you collect SSI benefits if you've never paid into the system?Desertbreh wrote: ↑Mon Apr 15, 2019 12:58 pm
Way back when I represented a guy in a criminal case, who, as far as I could tell, received SSI benefits because he was an asshole....."couldn't get along with others in the workplace" type deal.
2.I thought that was a requirement and a factor in how much benefit you end up receiving?
2. Unsure, maybe, but prob. not.
ITS A TAX, ITS NOT SAVINGS, ITS NOT YOUR MONEY.
Forced Savings
Posted: Tue Apr 16, 2019 9:59 am
of course you can... what do you think "disability" is?Detroit wrote: ↑Tue Apr 16, 2019 9:01 amSo...can you collect SSI benefits if you've never paid into the system? I thought that was a requirement and a factor in how much benefit you end up receiving?Desertbreh wrote: ↑Mon Apr 15, 2019 12:58 pm
Way back when I represented a guy in a criminal case, who, as far as I could tell, received SSI benefits because he was an asshole....."couldn't get along with others in the workplace" type deal.
2. as far as amount, yes their are tiers. Someone making $40k/yr pays in under the SS tax max/limit. Someone making $128k (yearly) pays the maximum each year (6.2% from employee and 6.2%paid by employer). They will have a slightly higher "pay out" in retirement age. The current max pay out is like $3200.
Forced Savings
Posted: Tue Apr 16, 2019 10:01 am
No, I get it's all a scam. I'm with you on that....but I was under the impression that you had to pay into the system to get anything back out. Or if you're on "disability" or whatever, you don't have to pay into it?Big Brain Bradley wrote: ↑Tue Apr 16, 2019 9:20 am1. Yes, lol
2. Unsure, maybe, but prob. not.
ITS A TAX, ITS NOT SAVINGS, ITS NOT YOUR MONEY.
It'll all going to come to
soon anyway. We'll see what happens then. 
Forced Savings
Posted: Tue Apr 16, 2019 10:02 am
I honestly don't know.
Forced Savings
Posted: Tue Apr 16, 2019 10:09 am
you can not work a day in your life and get SS/ disabilityDetroit wrote: ↑Tue Apr 16, 2019 10:01 amNo, I get it's all a scam. I'm with you on that....but I was under the impression that you had to pay into the system to get anything back out. Or if you're on "disability" or whatever, you don't have to pay into it?Big Brain Bradley wrote: ↑Tue Apr 16, 2019 9:20 am
1. Yes, lol
2. Unsure, maybe, but prob. not.
ITS A TAX, ITS NOT SAVINGS, ITS NOT YOUR MONEY.
It'll all going to come to
Forced Savings
Posted: Tue Apr 16, 2019 11:06 am
Yes and no. You can definitely get disability, but if under some hypothetical scenario you were unemployed with $0 of earnings your entire life, I don't believe you're entitled to retirement benefits under SS. What I do know is that the more you pay in, the more you're entitled to. SS is based on the highest 35 years of earnings over a person's life, so if you didn't pay in for at least 35 years the math will average in zeros and the benefit payout will reduce.Big Brain Bradley wrote: ↑Tue Apr 16, 2019 10:09 amyou can not work a day in your life and get SS/ disabilityDetroit wrote: ↑Tue Apr 16, 2019 10:01 am
No, I get it's all a scam. I'm with you on that....but I was under the impression that you had to pay into the system to get anything back out. Or if you're on "disability" or whatever, you don't have to pay into it?
It'll all going to come to
The math is still fucked, though, obviously. Right now there are only ~3 people paying in for every person receiving benefits. When the fund was first started the ratio was something like 30:1. People just didn't live as long, mostly.
Forced Savings
Posted: Tue Apr 16, 2019 11:09 am
Interesting.
Forced Savings
Posted: Tue Apr 16, 2019 6:28 pm
So there were no people over 62 when the program started? And everyone worked ?coogles wrote: ↑Tue Apr 16, 2019 11:06 amYes and no. You can definitely get disability, but if under some hypothetical scenario you were unemployed with $0 of earnings your entire life, I don't believe you're entitled to retirement benefits under SS. What I do know is that the more you pay in, the more you're entitled to. SS is based on the highest 35 years of earnings over a person's life, so if you didn't pay in for at least 35 years the math will average in zeros and the benefit payout will reduce.Big Brain Bradley wrote: ↑Tue Apr 16, 2019 10:09 am
you can not work a day in your life and get SS/ disability
The math is still fucked, though, obviously. Right now there are only ~3 people paying in for every person receiving benefits. When the fund was first started the ratio was something like 30:1. People just didn't live as long, mostly.
3:1 ratio seems completely fine.
Forced Savings
Posted: Tue Apr 16, 2019 10:26 pm
Right and if you didn't work 35 years you can collect based on your spouse's career You can take up to 50%, In my case 50% of what my wife made outstrips what I made for most of my life...... so I will likely opt for this if I can....coogles wrote: ↑Tue Apr 16, 2019 11:06 amYes and no. You can definitely get disability, but if under some hypothetical scenario you were unemployed with $0 of earnings your entire life, I don't believe you're entitled to retirement benefits under SS. What I do know is that the more you pay in, the more you're entitled to. SS is based on the highest 35 years of earnings over a person's life, so if you didn't pay in for at least 35 years the math will average in zeros and the benefit payout will reduce.Big Brain Bradley wrote: ↑Tue Apr 16, 2019 10:09 am
you can not work a day in your life and get SS/ disability
The math is still fucked, though, obviously. Right now there are only ~3 people paying in for every person receiving benefits. When the fund was first started the ratio was something like 30:1. People just didn't live as long, mostly.
I didn't pay myself on the books for the 5 years I owned the restaurant. I was a stay at home Dad for 4 years ..... and I haven't Paid myself from the business for going on 3 years. Even when I do begin to pay myself, I am going to let the business pay for my vehicles and some of my living expenses (dat home office doe). So my Salary will be reduced in order to save on taxes.
Forced Savings
Posted: Wed Apr 17, 2019 8:50 am
#taxgames #badtaxlawsIrish wrote: ↑Tue Apr 16, 2019 10:26 pmRight and if you didn't work 35 years you can collect based on your spouse's career You can take up to 50%, In my case 50% of what my wife made outstrips what I made for most of my life...... so I will likely opt for this if I can....coogles wrote: ↑Tue Apr 16, 2019 11:06 am
Yes and no. You can definitely get disability, but if under some hypothetical scenario you were unemployed with $0 of earnings your entire life, I don't believe you're entitled to retirement benefits under SS. What I do know is that the more you pay in, the more you're entitled to. SS is based on the highest 35 years of earnings over a person's life, so if you didn't pay in for at least 35 years the math will average in zeros and the benefit payout will reduce.
The math is still fucked, though, obviously. Right now there are only ~3 people paying in for every person receiving benefits. When the fund was first started the ratio was something like 30:1. People just didn't live as long, mostly.
I didn't pay myself on the books for the 5 years I owned the restaurant. I was a stay at home Dad for 4 years ..... and I haven't Paid myself from the business for going on 3 years. Even when I do begin to pay myself, I am going to let the business pay for my vehicles and some of my living expenses (dat home office doe). So my Salary will be reduced in order to save on taxes.