1: It was a mathematics example to illustrate how crappy Social Security actually serves the people. Besides, Social Security already takes 15% (7.5 directly form the individual), my example only shows what COULD have been done with just 4% (using all 15% the value is almost $5 million). As for showing the math, I have already given you all the variables and you can find the formulas on the web easily, though it is just as easy to find a calculator and skip the math by hand.
2: Contrary to what you believe (I seriously doubt you know very much at all about it) long term investing in the "evil" stock market (most easily through mutual funds) provides easily predictable long term gains. Yes there are short term fluctuations, and also methods to deal with them (beginning with not putting any money in there that you might need in the next 5 years).
3: No we can not simply end Social Security tomorrow. But there are many different ideas on how to continue to support the people who foolishly allowed themselves to be dependent on it. Without trapping a brand new generation into something that is just simply BAD.
This message last edited by HyogaRott on 05/03/2013 at 02:33:04 PM
Can You Name the Largest US Program to ANNUALLY Collect More Than It Spent for 75 Straight Years?
- 28/02/2013 11:03:18 PM
1380 Views
Medicare? *NM*
- 28/02/2013 11:38:22 PM
555 Views
No, Medicare has only been around about half as long.
- 28/02/2013 11:56:32 PM
872 Views
Medicare has its own problems, and caused many more. You really do not want to have this debate.
- 03/03/2013 03:03:15 PM
805 Views
No, I do not, because Medicare and torts are invariably scapegoated for all problems with healthcare
- 04/03/2013 12:52:37 AM
862 Views
I can argue with anyone on this (and have) btut first we need to break out that dictionary
- 04/03/2013 04:45:06 AM
784 Views
I am sure you can and have; ability to form arguments does not automatically grant them validity.
- 11/03/2013 09:56:11 PM
849 Views
Like I said, short conversation, once everyone uses the same definitions.
- 13/03/2013 03:28:52 PM
856 Views
From the way you're shitting yourself with glee, I'm going to say Social Security.
- 01/03/2013 12:45:50 AM
978 Views
Also unlike Ponzis, Social Security was not meant to profit—it just did anyway. For 75 years.
- 01/03/2013 01:55:46 AM
825 Views
It is a "Ponzi" by definition, any argument to the contrary just makes you look ignorant.
- 02/03/2013 12:02:46 PM
892 Views
Wait: An insurer is saying insurance is a Ponzi scheme? 
- 04/03/2013 12:56:30 AM
854 Views
- 04/03/2013 12:56:30 AM
854 Views
You are making even lese sense than usual... Quite an acomplishment. *NM*
- 04/03/2013 03:31:39 AM
517 Views
Maybe, but my math usually checks, and I never have to explain what I omitted.
- 11/03/2013 09:55:50 PM
943 Views
My math ALWAYS "checks" - it isn't personal, you are just making absolutely no sense, *NM*
- 13/03/2013 03:27:11 PM
459 Views
It's the world's greatest Ponzi scheme, since the government forces us to give money to it.
- 01/03/2013 01:05:05 PM
815 Views
Yes, "government forcing people to give money" defines a Ponzi; speeding tickets are Ponzis. 
- 01/03/2013 03:53:02 PM
906 Views
- 01/03/2013 03:53:02 PM
906 Views
Good lord my friend.....
- 02/03/2013 04:19:35 AM
850 Views
I will just link what Isaac said; maybe then you will pay attention to it.
- 02/03/2013 04:56:34 AM
896 Views
I really think you terribly misread what I said *NM*
- 02/03/2013 06:59:56 AM
463 Views
I really do not think I did.
- 04/03/2013 01:43:02 AM
929 Views
I'm pretty confident you have
- 04/03/2013 11:49:19 AM
913 Views
We evidently disagree on what constitutes a Ponzi scheme.
- 11/03/2013 09:56:27 PM
841 Views
No, I agree with a clear definiton, you seem not to want to absorb that
- 11/03/2013 10:24:47 PM
1001 Views
Re: Yes, "government forcing people to give money" defines a Ponzi; speeding tickets are Ponzis.
- 02/03/2013 12:22:34 PM
906 Views
- 02/03/2013 12:22:34 PM
906 Views
Fraud="money contributed is NOT invested for the contributor, but instead redistributed to others"?
- 04/03/2013 12:51:30 AM
845 Views
You can try and misrepresent what I have said all you want, you are still wrong.
- 04/03/2013 03:45:24 AM
913 Views
Dude, how is QUOTING you misrepresenting you?! And why must I ALWAYS ask that in these threads?
- 11/03/2013 09:56:18 PM
886 Views
- 11/03/2013 09:56:18 PM
886 Views
Okay, that's a really weird or naive standard to judge SS by
- 01/03/2013 05:25:11 PM
866 Views
Great; will you put that on a postcard to Cannoli, A2K, Rick Perry and the rest of your party? 
- 01/03/2013 07:39:44 PM
885 Views
- 01/03/2013 07:39:44 PM
885 Views
I don't think I'd be telling them anything they don't already know... I mostly agree with them
- 02/03/2013 05:38:56 AM
1012 Views
Means testing is flat out WRONG, and the contribution limit is a sticky debate
- 02/03/2013 12:43:09 PM
816 Views
Tell that to him not me, I didn't express an opinion and my implied one obviously doesn't favor it
- 02/03/2013 05:28:14 PM
934 Views
I was, I just hit the repy under the wrong post. He was the first to bering the two topics up. *NM*
- 03/03/2013 04:09:34 AM
458 Views
It is insurance against old age poverty, not a longevity lottery.
- 04/03/2013 02:00:24 AM
918 Views
It is not insurance, it is a pension plan, that also contains an overpriced LT disability insurance.
- 04/03/2013 04:00:42 AM
921 Views
Social Security Insurance; says so right on the label.
- 11/03/2013 09:53:33 PM
1057 Views
You can call it BedroomWindowVitamins but it does not change what it acutally IS.
- 13/03/2013 04:34:42 PM
831 Views
"Sustainable"=/="profitable;" bankruptcy was not always a given, as your fellows claim..
- 04/03/2013 01:35:04 AM
824 Views
Sustainable often means profitable, they are not universally synonmous but both at once is ideal
- 04/03/2013 12:25:45 PM
808 Views
That is the IDEAL, but NOT point: Sustainability needs no profit, yet profit ensures sustainability.
- 11/03/2013 09:56:48 PM
1283 Views
Your attacks on republican ideals would have more credit if you understood them
- 02/03/2013 04:27:34 AM
873 Views
An ironic charge, since their defenses of those ideals typically suffer from the same defect.
- 02/03/2013 04:51:32 AM
854 Views
- 02/03/2013 04:51:32 AM
854 Views
I'm rubber you're glue, whatever you say bounces of me and sticks to you. nyah, nyah, nyah
- 02/03/2013 12:58:10 PM
791 Views
"Unsustainable"=/="meeting monthly obligations for 75 YEARS and still having $2.5 trillion left."
- 04/03/2013 01:03:09 AM
905 Views
Please look up the definition of sustainable. Hint: "its worked so far" isn't it.
- 04/03/2013 04:25:19 AM
877 Views
"As it is currently constructed/funded" is one HELL of a qualifier.
- 04/03/2013 04:41:30 AM
941 Views
You just don't get it, or apparently are so in love with your political ideology you won't.
- 04/03/2013 04:58:15 AM
735 Views
I believe if you check civilizations record you will find the human population has steadily risen.
- 04/03/2013 05:08:38 AM
815 Views
*sigh*
- 04/03/2013 12:15:22 PM
812 Views
Birth RATES have fallen; POPULATION steadily rose in every period except the Black Deaths peak.
- 11/03/2013 09:56:36 PM
1095 Views
Ironic that you would make my point while arguing against
- 04/03/2013 06:12:29 PM
752 Views
?
- 11/03/2013 09:56:59 PM
919 Views
you mistate his posistion and then rationalize that you know what he really meant
- 13/03/2013 12:06:44 PM
767 Views
aH yes the great liberal investmetn/retirement plan that offers me a NEGATIGVE rate of return...
- 02/03/2013 11:51:50 AM
787 Views
Do you sincerely believe people earning $14,560/year can afford investing 4% of it?
- 04/03/2013 12:53:30 AM
950 Views
*sigh*
- 04/03/2013 03:43:08 AM
784 Views
I tried it with compound interest; $44.80/month at 4% for 50 years still does not get to $1.25 mill.
- 04/03/2013 04:24:51 AM
857 Views
Here are some clues.
- 04/03/2013 04:37:39 AM
733 Views
It is math, not the Riddle of the Sphinx: EIther it adds up or does not.
- 04/03/2013 05:02:39 AM
871 Views
Math is simple - Either you know how to calculate it or you don't
- 04/03/2013 11:55:24 AM
959 Views
SS is supposed to supplement a proper pension, not provide your sole income after retirement
- 05/03/2013 03:53:03 AM
745 Views
Did you bother to actually read anything?
- 05/03/2013 02:32:16 PM
810 Views
do *YOU* know what "living in poverty" means?
- 05/03/2013 05:49:14 PM
874 Views
Re: do *YOU* know what "living in poverty" means? --- yeah, I've BEEN there.
- 05/03/2013 08:01:33 PM
843 Views
how about respond to a post with logic and civility instead of being a troll for once?
- 05/03/2013 11:03:00 PM
954 Views
All I have used is civility and logic, or least as much civility as was warrented.
- 06/03/2013 04:28:04 AM
888 Views
yeah, it's my fault for stooping to your level....
- 08/03/2013 07:22:24 PM
924 Views
Re: yeah, it's my fault for stooping to your level....
- 10/03/2013 01:42:26 PM
806 Views
i'm not going to keep going in circles so i will finish with this....
- 11/03/2013 10:08:53 PM
1111 Views
"Rah! Rah! Rah!" Can we please cut out all this blather and bile?
- 05/03/2013 11:53:41 PM
815 Views