The Truth About Social Security
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The Truth About Social Security
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Well, that graph gives the impression there is a problem with no income after 110k going into the program. That is not true.
The problem with social security is that the poor put barely anything into the program, yet take a lot out of the program. That's why the program doesn't work, not because the rich aren't footing the bill.
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Well, that graph gives the impression there is a problem with no income after 110k going into the program. That is not true.
The problem with social security is that the poor put barely anything into the program, yet take a lot out of the program. That's why the program doesn't work, not because the rich aren't footing the bill.
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everyone should pay in the same. No pay in, no take out. Very simple.PornGuy skype me pornguy_epic
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Originally posted by JohnnyClipsCalling Social Security a ponzi scheme is an insult to ponzi schemes. It's way worse
Ironically you would have no problem qualifying for social security disability, just show them a few of your posts here.Comment
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In the country where I am social security is almost zero. Working pays off. But I know pretty many people who do have that kind of income and are bragging on forums they are king of sales. I am waiting for the day there is a Internet ID that connects all activity to your ID Number.....
It would clean the place up here a lot
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When I lived over in SA there was no Social Security, If you dident work you got nothing although there were charitys who would help people out.
Since we came back to the UK over 25 years ago I have been out of work for at the most 3 months, yes Iv been lucky to always be able to find work and tbh the social security helped me out in those 3 months but I hated signing and felt degraded.
What pisses me off, is the people who never work and just take take and take and never give anything back. Yes we have a lot of those people over here in the UK. They should have a cut of time, If you dont get a job within 6 months ..no more money and hand outs. Get off your ass and work or get nothing simple.Comment
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Michael Sperber / Acella Financial LLC/ Online Payment Processing
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See sig...Comment
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the whole thing is a scam anyway, it should be optional, not required by law...it's not much more than another disguised tax....pretty much everyone on here will get fraction back of what they put in...
but lets not worry about this minor detail, lets just tax the "1%" more and all our problems will go away...Last edited by woj; 11-21-2012, 12:47 PM.Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000
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but why wouldn't/shouldn't they? they paid into the system more than anyone else, so they don't deserve to get any of it back?
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Hugh Hefner collects social security.. when I saw that I was like.. Wut???Need a reliable, reasonably priced php programmer? Hit me up! 2934409Comment
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Where do you get that idea? Most people pay taxes and do not use every trick in the book to minimize what that pay. That distinction would go to the likes of Mitt Romney who uses tax loopholes that Congress ends up having to close.Comment
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Not according to many here,. Like I believe..the new mantra is.
Why work hard when I can get it all for free? Let some other dumb bastard work his ass off his whole life but don't forget to gimme mine!!You might not be as anonymous as you think you are.Comment
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You do know you have to have a certain number of credits from paying in to get social security right? You know... That personalized pamphlet they mail every few years letting you know where you are?Comment
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And how many own businesses that have to match the employees contribution? That's a very overlooked tax. How many here even know the employer matches the taxpayers tax?
When I owned a retail business my taxes did stop at around $100,000. However I was matching the taxes of 40 plus employees. Yea ? I got off real easy and didn't pay my share.Comment
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I don't know about the US but there are plenty of 'former' millionaires in Europe on benefits now.
In the UK we call it National Insurance and that's a good name for it - When it works you get paid when you need it.Comment
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Anyone who is self-employed here should know that since you end up paying both sides for yourself.And how many own businesses that have to match the employees contribution? That's a very overlooked tax. How many here even know the employer matches the taxpayers tax?
When I owned a retail business my taxes did stop at around $100,000. However I was matching the taxes of 40 plus employees. Yea ? I got off real easy and didn't pay my share.Comment
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i bet plenty do once they can. why wouldn't they? they paid into it. i don't know how it works in the states but in canada its mostly based on how much you paid into it. if you paid nothing or next to nothing you'll only get a few hundred a month.you don't know you're wearing a leash if you sit by the peg all day..Comment
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Social Security was created when people lived to 68 or so with our expanding life spans there needs to be a correction on the way benefits are calculated.
2nd thing is that excess funds should not be considered part of the general budget fund and spent. They use a device called a Green Bond as an IOU. These bonds do not pay interest that is the second problem. If we solved these 2 things SS would be solvent.
But instead they will increase the minimum age to 70.Comment
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Your social security (N.I) also pays for your free healthcare and pension. so you will/do use it.When I lived over in SA there was no Social Security, If you dident work you got nothing although there were charitys who would help people out.
Since we came back to the UK over 25 years ago I have been out of work for at the most 3 months, yes Iv been lucky to always be able to find work and tbh the social security helped me out in those 3 months but I hated signing and felt degraded.
What pisses me off, is the people who never work and just take take and take and never give anything back. Yes we have a lot of those people over here in the UK. They should have a cut of time, If you dont get a job within 6 months ..no more money and hand outs. Get off your ass and work or get nothing simple.
At least its % based in the UK. In Spain its $300 minimum a month. that's why there's so much black market working going on. Even if you earn $1000 a month you have to pay $300 in social security.
Netherlands was a fair system when I lived there, it's cheap if you earn a low wage around 30 euros then about 100euros if you earn more, that was 12 years ago though, so probably gone up.Comment
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Isn't this the Romney recipe?Comment
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In the UK National Insurance covered a multitude of things, including but not limited to Health benefits and Pensions. I used to pay around £650.00 a month 20 years ago when i lived there. That equates to around $1100.00 a month.
Also note that gas has a 60% tax, some of which was supposed to go towards the health system?
VAT ( sales tax ) or the tax paid on almost every item purchased in the UK is now 20% . 20 years ago it was 15%.. Imagine the tax on a new car !!!!!!!!!!
Im so glad i moved to the USA
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Guys. Social Security is supposed to be YOU paying in enough money for YOU to get it back when you reach a certain age.
That is why it is capped at $110,000 per year.
It's not welfare, and it's not intended for one person to pay for another person.-Robbie
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It is welfare. It's a tax for stupid people who don't have the foresight to invest their earnings so they have something to rely on when they're old. It's also, in a simplified sense, a giant pool of money people put into, and then others can take out of (some more than others if they need it, some more than they put in, some less than they put in), which by definition really is welfare - it's a social structure to ensure the well being of the public.
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