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December, 2024

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Why should social secuirty be privatized?

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jack+
Posts: 611 - Karma: 45
I personally think it should be especially for our age group because the "pool" of tax money will be gone by the time we are ready for retirement. Any other thoughts on this topic?
Nov 11 2009 9:04PM
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Delphi
Posts: 3748 - Karma: 36
social security is the biggest travesty in the history of the US. Biggest ponzi scheme in history.
Nov 11 2009 9:06PM
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Arabian.
Posts: 9652 - Karma: 294
Because I don't want to have to pay for somebody's grandma to live 30 years past her due date because she's scared to die.

Also, because Social Security is an outdated system corrupted by certain major population fluxes that shifts the pay ratio between the average citizen and the seniors from 3:1 to about 1:3, which defeats the purpose.
Nov 11 2009 9:07PM
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Delphi
Posts: 3748 - Karma: 36
plus, like medicaid and every other government program, it's on course to go bankrupt soon. yay government!
Nov 11 2009 9:09PM
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jack+
Posts: 611 - Karma: 45
is it a republican view?
Nov 11 2009 9:18PM
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dbstar
Posts: 2038 - Karma: 20
please explain how social security is a ponzi scheme
Nov 11 2009 9:20PM
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prontocuts.com
Posts: 5244 - Karma: 42
gov'ts planning on spending 50 - 60 trilion more then they will get in on SS in the next years to come
Nov 11 2009 9:21PM
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skiminnesota
Posts: 9093 - Karma: 429
o please. everyone knows the government is just great at budgeting and spending its citizens money....

pfff......

get off the dick of freedom and capitalism.


Nov 11 2009 9:23PM
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Delphi
Posts: 3748 - Karma: 36
as i understand it, we all pay into the system. the goverment spends that money, so in effect, when it comes time for us to use the money we set away, we are really using other people's money.  I don't want to type a paper, but there is plenty of lit out there on it.
Nov 11 2009 9:24PM
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Delphi
Posts: 3748 - Karma: 36
we are using other's people's money in the event that social security actually has money. from the way it looks, it's going to be bankrupt.
Nov 11 2009 9:25PM
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Delphi
Posts: 3748 - Karma: 36
ie. robbing peter to pay paul.
Nov 11 2009 9:27PM
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OhMyBosh
Posts: 5056 - Karma: 171
So basically there shouldnt be taxes is what youre saying.
Nov 11 2009 9:28PM
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Delphi
Posts: 3748 - Karma: 36
Im saying there never should have been a social security system run by the government. Obviously, it hasn't had a great go of it so far, it's on the verge of bankruptcy. The shit we pay into it now, we will never see again, and it won't benefit us directly. Do you think it's ethical to take money from one person to pay it off to another?
Nov 11 2009 9:31PM
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jack+
Posts: 611 - Karma: 45
there should be taxes. but just set aside for yourself not in a big pool for other people to benefit from
Nov 11 2009 9:31PM
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OhMyBosh
Posts: 5056 - Karma: 171
Then it wouldnt be taxes dumbfuck. Taxes pay for roads, schools, hospitals, public transport etc. etc.
Nov 11 2009 9:34PM
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skiminnesota
Posts: 9093 - Karma: 429
taxes are a fact of life. however, in a perfect world i would like to see the government sustained on user fees. and other various forms of revenue collection. not income taxes. or at least a graduated income tax.
Nov 11 2009 9:35PM
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skiminnesota
Posts: 9093 - Karma: 429
no.
Nov 11 2009 9:36PM
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Delphi
Posts: 3748 - Karma: 36
more often than not, the government takes money from that pool of social security funds and lends it to itself to pay for shit like roads, schools, hospitals, and even bs political schemes. They money isn't meant for that. We all get screwed because we won't get what our taxes promised us and all this time, cuts of our paychecks aren't being set aside for the purpose the social security tax is supposed to serve.
Nov 11 2009 9:38PM
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Brenone
Posts: 4944 - Karma: 296

there is social security tax. its called FICA on your paycheck. everyone pays it and the govt and IRS is more strict about it than Fed witholding tax.

and regarding the OP. Social Security should be eliminated. its an outdated system that can no longer support its original purpose. at some point maybe the fed should consider creating a system that pays back to people over the age of 65 and a half but now is not the time. and SS should not be privatized. do you want the banks that just received billions in TARP money to be handling the nations SS for the next 50 - 100 years? another alternative would be a requirement for all workers to contribute to some sort of retirement. but thats another discussion.

Nov 11 2009 9:42PM
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jack+
Posts: 611 - Karma: 45
it would be money taken out of your pay check. but instead of going to a big pool for everyone they are set aside for you when you retire. dumbfuck. called privatizing. same idea as taxing
Nov 11 2009 9:45PM
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Delphi
Posts: 3748 - Karma: 36
keyword here is social- the government likes taking your money and giving it to someone else.


Nov 11 2009 9:47PM
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OhMyBosh
Posts: 5056 - Karma: 171
Surely this is just what a pension is? Since when were those government run?
Nov 11 2009 9:50PM
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jack+
Posts: 611 - Karma: 45
maybe your right, but then what is privatizing exactly?
Nov 11 2009 10:32PM
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OhMyBosh
Posts: 5056 - Karma: 171
Dont know what youre getting at with this.

Are pensions not things your workplace provides as a retirement fund? Im pretty sure they're not government run... So why is there social security on top of this?
Nov 11 2009 10:45PM
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Delphi
Posts: 3748 - Karma: 36
so government can use your money.
Nov 11 2009 10:46PM
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shredables
Posts: 647 - Karma: 19
Pensions are not 'government run', they may simply fund a pension the same way unions and other organizations do. Pensions are designed for non taxed income to be matched by a pre determined or contractual organization, and saved until retirement
Nov 11 2009 10:58PM
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JZ
Posts: 577 - Karma: 15
interesting observation: on a site where the majority usually seems to lean left politically there is quite a bit of animosity towards social security, which is definitely a liberal policy.

that said i can't stand the idea that the government thinks they can save for my retirement better than i can; privatizing/making it optional would make me feel much better
Nov 12 2009 10:13AM
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zagfan5
Posts: 2608 - Karma: 144
personally i think you should get back what you put in. why should someone who works their whole life get the same amount as someone who only worked a little?

gdamn i sound republican.
Nov 12 2009 1:06PM
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