Top 25 Questions asked about Social Security

[6spdC6]

Been FORCED to pay into SS from the first day I started doing real work for a pay check, (age 14) Then worked at a good trade, (pipefitter) tons of overtime and made decent money which in pure English means not only did I have to support all the slugs getting welfare I had serious money deducted from my labors compensation, supposedly for my retirement time!

I have no trust for a lot of goverment and less for politicians especially democrat big spender politicians. Yes I made my plans way back then with the idea that that money THAT WAS TAKEN FROM ME WITHOUT MY PERMISSION would be so screwed up at retirement time that I should have other means. I had a very good pension and medical coverage and a decent stock portfolio when I took early retirement from my union at 55. At 62 not knowing when I would die I started taking my SS benefits just as soon as I could.

So far things have been working out OK but you got to watch those bastards as they keep wanting to take money I paid into all my working life I'm legally entitled to and give it away to people that contributed shit but now garner freebie money.

Money (at least at this time) just appears in my checking account every month but I watch things real close.

[Dan47]

Originally Posted by TheRealBadger

Get insurance?

It literally is an insurance program. Always has been.

No it isn’t. It’s a government social engineering, wealth transfer program.

Insurance Program definition
https://www.lawinsider.com/dictionary/insurance-program

[Vette40th]

Take it while you can..

YouTube (Short URL)

[TheRealBadger]

Originally Posted by Dan47

No it isn’t. It’s a government social engineering, wealth transfer program.

Insurance Program definition
https://www.lawinsider.com/dictionary/insurance-program

No it’s not.

It is an insurance program. Always has been.

I think it’s a shitty program, but that doesn’t change what it is.

[TheRealBadger]

Originally Posted by Dan47

I think these transfer payments are keeping the system from collapsing?

Dollar is the World’s reserve currency and it’s borrowed into existence which “theoretically”, creates an infinite shortage of dollars, (principle/interest payments).

It’s more complicated than that, with the Eurodollar and such but that’s the basic premise. In order for such a system to operate, it needs infinite growth or occasional Busts, to cleanse the system of bad loans / malinvestments.

For whatever reason, political or otherwise, the folks in charge stopped allowing the system to experience a bust / recession? And now the World has a massive amount of malinvestments and impossible financial promises (unfunded liabilities), to service and/or settle, at some point.

Some excellent resources for understanding wtf:

https://workableeconomics.com/how-th...-system-works/

https://www.financialsense.com/contr...iat-currencies

https://www.sciencedirect.com/scienc...57521915001477

And by borrowed, you mean boomers blowing all the money they can and making the next generations paying for it? Nothing like mortgaging your kids’ future. **** em. Right?

[LATB]

[Dan47]

Republic is already long gone and there is no political solution. Government was, is and always will be the problem. One of the jobs of the modern politician, regardless of party, is to gaslight their constituents, not save the Republic.

Politicians suggesting we can run out of dollars, are lying. One of the biggest problems is, they can’t run out of dollars. They don’t need us to pay taxes to fund them. They can simply create more dollars and steal our purchasing power. Taxes are a social engineering tool, not a means of funding the federal government.

[Dan47]

Originally Posted by TheRealBadger

No it’s not.

It is an insurance program. Always has been.

I think it’s a shitty program, but that doesn’t change what it is.

No, it isn’t but you go ahead and believe whatever. The first rule to solving a problem is not understanding it, apparently?

[Dan47]

Originally Posted by TheRealBadger

And by borrowed, you mean boomers blowing all the money they can and making the next generations paying for it? Nothing like mortgaging your kids’ future. **** em. Right?

I don’t have kids here. I’m mortgaging your future and “I feel fine”.

[TheRealBadger]

Originally Posted by Dan47

No, it isn’t but you go ahead and believe whatever. The first rule to solving a problem is not understanding it, apparently?

Yes, it is. You can’t keep convoluting it because you want to. The Old Age and Survivors Insurance Trust Fund manages it. It was created to provide benefits to old people as an insurance against poverty. It’s run like an insurance plan. It’s modeled like an insurance plan. It is an insurance plan.

[TheRealBadger]

Originally Posted by Dan47

I don’t have kids here. I’m mortgaging your future and “I feel fine”.

Of course you do. That’s the boomer way.

[TheRealBadger]

Originally Posted by Dan47

Republic is already long gone and there is no political solution. Government was, is and always will be the problem. One of the jobs of the modern politician, regardless of party, is to gaslight their constituents, not save the Republic.

Politicians suggesting we can run out of dollars, are lying. One of the biggest problems is, they can’t run out of dollars. They don’t need us to pay taxes to fund them. They can simply create more dollars and steal our purchasing power. Taxes are a social engineering tool, not a means of funding the federal government.

Like when Trump printed the most dollars in a year than any prior president in history? Like that?

[Mike Mercury]

Originally Posted by Dan47

http://www.theretirementhandbook.com...ocial-security

FYI, that link is from 2012; some things may have changed.

[Vette40th]

The video I posted says it an insurance plan with an army, to paraphrase the speaker. Time 3:50sh

[Bruze]

SS is, by definition, a Ponzi scheme.

There is no account with your name on it, holding all the tax money you paid in over your life. Yes it's a known number, but it's not like being in a bank account with your name on it.

I'd have to go back and look, but having taken SS for 9 years now I think I've consumed everything I've put into it.

So now the people working and paying into it are paying me. That's a Ponzi scheme.

Gov takes in tax money and pays out whatever it lacks by "printing" the deficit or issuing bonds.

In theory SS will never go down the tubes cuz they can "print" money til the ink well goes dry. But if people around the world start losing confidence in the dollar they will have to print more and more, with each new dollar devaluing all the existing dollars. And Treasury bond interest will go up to attract more sales, further increasing gov't debt.

The most recent disastrous example of hyperinflation that you never heard of:

https://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe

Hopefully we will never get there, but my crystal ball is in the shop for an overhaul, so I don't really know.

[LATB]

Originally Posted by TheRealBadger

boomer...

Originally Posted by TheRealBadger

Trump...

[GTOguy]

Originally Posted by Yadkin

1. Late 80's I started planning my retirement based on the theory of SS running out of money/ means testing on day two after I start taking it.
2. The Grubberment has proved to be even more fiscally irresponsible with each passing decade.
3. Therefore I will start accepting payments as soon as possible, getting as much of my taxes back as possible before the shit hits the fan.
4. Any FedCo payments will go directly to unnecessary or luxury expenses, for example a Porsche 718.

THIS^^^. I started my retirement planning at age 26 in 1987. Maybe a bit earlier. With the intent that SS would be off the table waaaay in the future. I had no idea that things would get so bad with our country and our government. No idea. The SS I will start to collect in April is a fraction of what I would of had if I were allowed to invest it along with my other contributions. It will be basically 'piss off' money. I turn 62 at the end of Feb and put in for it at age 61 and 9 months to the day.
Sorry, Badge. None left for you.

[LATB]

I'm waiting until 66 years old at FRA because the pittance of a benefit I will receive would be decimated with income.

[Vette40th]

Originally Posted by LATB

I'm waiting until 66 years old at FRA because the pittance of a benefit I will receive would be decimated with income.

Funny how they offer it to you, but if you are working they penalize you..

[MadInNc]

Originally Posted by Vette40th

Funny how they offer it to you, but if you are working they penalize you..

Yep, while I could have drawn at 62, it would impact income reported to where my health insurance would jump to ~$2,800 per mo. Which would decimate the SS income. Todays plan is @65 w Medicare and F ACA health insurance