President Trump

[bacha29]

That's one of the goofiest posts I have seen in a while.
The displayed total ignorance of investment is astounding.



No reflection on you but I think a 6th grader would understand the concept of investment.
An interesting insight as to how the Socialist mind malfunctions.

According to a study by the Urban Institute a person will receive on average one third more in Social Security and Medicare benefits that what they will pay in over the course of their lifetime, Some will receive more than others some less depending on their individual circumstances. But with average life expectancy 78 somewhere around 72 you'll have all of your money back.

 

[Old Man Jingles]

According to a study by the Urban Institute a person will receive on average one third more in Social Security and Medicare benefits that what they will pay in over the course of their lifetime, Some will receive more than others some less depending on their individual circumstances. But with average life expectancy 78 somewhere around 72 you'll have all of your money back.

I invested money $8,000 in 1980 and in 2006 it was worth over $85,000.
Google "time value of money" ... that would be a good primer for you to educate yourself on the way investments work.
The money paid in over a person's lifetime is subject to the same inevitable machinations of 'time value of money'.

 

[brownmonster]

Trump says he will own the govt shutdown if it happens. Loosely translated to mean he will blame the democrats.

 

[brownmonster]

Trump says he will own the govt shutdown if it happens. Loosely translated to mean he will blame the democrats.

Conway, Sanders, newfie, vantexan will say "what he meant was......"

 

[MAKAVELI]

I invested money $8,000 in 1980 and in 2006 it was worth over $85,000.
Google "time value of money" ... that would be a good primer for you to educate yourself on the way investments work.
The money paid in over a person's lifetime is subject to the same inevitable machinations of 'time value of money'.

How about someone who's never paid into social security but receives benefits?

 

[Old Man Jingles]

How about someone who's never paid into social security but receives benefits?

Then they have an infinite % gain on investment.

 

[MAKAVELI]

Then they have an infinite % gain on investment.

In other words, a socialist benefit.

 

[DriveInDriveOut]

We're all paying so that we all have a safety net. A lot of people work very hard for very little and their Social Security check will reflect that. But it's still a check that they need very much.

You're a liberal.

 

[Old Man Jingles]

In other words, a socialist benefit.

Your question was open-ended in nature and not propositioned in a way to narrowly define what type of answers could be given .

I agree with that although I must admit I don't know if one spouse drawing off the other spouse was included in the amount paid in by the working spouse.

I have never claimed that Social Security or Medicare are not social programs.
When the government taxes a citizen, they have little or no say or claim to the distribution of those taxes.

 

[moreluck]

I like the "uncomfortableness" felt by Pelosi and Schumer because they were on camera with their antics. The American people need to see that "sausage making".

 

[Old Man Jingles]

I like the "uncomfortableness" felt by Pelosi and Schumer because they were on camera with their antics. The American people need to see that "sausage making".

Except they play to the camera rather than being serious and pragmatic.
Same for Trump.

 

[newfie]

Memo: FBI recommended Michael Flynn not have lawyer present during interview, did not warn of false statement consequences

 

[newfie]

The idea of privatizing Social Security was brought up by Bush.......just ahead of the worst recession in 80 years. One thing about paying into Social Security you're not paying management fees which can be substantial especially when dealing with small account balances. These are the two main reasons why you don't hear much about privatizing Social Security anymore.

You're now trying to make the argument that the government can do a better job of investing my money. That is rediculously silly

 

[newfie]

keep paying -- those of us on SS appreciate it

Don't try that your another handcuffed recipient

 

[newfie]

According to a study by the Urban Institute a person will receive on average one third more in Social Security and Medicare benefits that what they will pay in over the course of their lifetime, Some will receive more than others some less depending on their individual circumstances. But with average life expectancy 78 somewhere around 72 you'll have all of your money back.

You realize the argument you're now making is that everyone draws more then they put in? Considering the government's inability to invest wisely - Thus the ultimate Ponzi scheme

 

[oldngray]

You realize the argument you're now making is that everyone draws more then they put in? Considering the government's inability to invest wisely - Thus the ultimate Ponzi scheme

The problem is it isn't mainly a retirement plan as it was originally set up to be but pays out a lot to people with disabilities who paid little into it.

An average person who works their whole life will never get back what they pay into social security.

 

[vantexan]

According to a study by the Urban Institute a person will receive on average one third more in Social Security and Medicare benefits that what they will pay in over the course of their lifetime, Some will receive more than others some less depending on their individual circumstances. But with average life expectancy 78 somewhere around 72 you'll have all of your money back.

Except no one invests in anything with the idea of just getting their money back. Not to mention with inflation the dollars taxed at the end of a career are worth considerably less than those at the start of a career. The idea that we're somehow taking advantage because in strictly numbers we're getting back more than we put in is seriously flawed. If ever we're told we will be cut off after we reach the amount put in for us then yes Social Security should end and everyone should have private accounts.

 

[vantexan]

Past efforts on the part of preachers to gain political power have been rejected outright. Now we have the SC congressional race where an individual in the employment of a congressional candidate who happened to be a Baptist preacher is being accused of election fraud. The question is, did the preacher candidate knew that the man is his employment was doing what he was accused of doing?

Mike Huckabee was a Baptist preacher who was governor of Arkansas. Did he turn it into a theocracy? He was highly praised for how well he ran the state and was reelected numerous times. Just because one didn't turn out well doesn't mean they all will. There are too many scandals to count amongst politicians who were formerly lawyers. Should we bar lawyers from running?

 

[vantexan]

In other words, a socialist benefit.

We've discussed this before. Social Security isn't socialism. It's social insurance spread over the entire population to reduce risk. And it's not just for retirees but also for invalids, for those with disabilities, for children who've lost a parent or who's parent has retired. Social insurance to prevent poverty or at least reduce it's effect.

 

[BrownFlush]

How about someone who's never paid into social security but receives benefits?

That would be an " illegal ".