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Originally posted by AnarchysAngel
I'm just plain fed up with this stuff. They talk like social security matters to me. As far as I'm concerned it's the money I am robbed of every payday. NOTHING MORE! Let me opt out, because I'm sick of paying for other people's way. I'll gladly take care of the sick and the weak. I'm not going to give my hard earned money to the people that just give it to charity and get a tax deduction. I can do that with my money on my own thank you very much.
Originally posted by VaterOrlaag
All I can take from this post is that you want the right to be selfish.
No wonder society's in the #ter when the younger folks don't want to pay to keep their grandparents off of the streets.
In the Alternate Plan, retirement benefits are a direct result of employee contributions. In each paycheck, employees contribute 13.9 percent of the their gross pay (6.1 percent from the employee, 7.8 percent from the county) to a private account. First Financial Benefits invests the accounts conservatively, Mr. Gornto said. The company guarantees a minimum rate of return of 3.75 percent to 4 percent on the accounts to safeguard
employees’ benefits against inflation and severe drops in market rates. Employees can elect to put their portion of the contributions into riskier investments, like mutual funds and stocks, potentially to generate more interest. At retirement, employees in the Alternate Plan can choose to take the money in a lump sum, take monthly benefits for a given time period or take a lifetime annuity, with slightly reduced benefits. Social Security is subject to whatever rules the federal government makes, Mr. Gornto said, and there is “not a guaranteed promise to pay any certain amount.”
In a hypothetical calculation, Mr. Gornto said, an employee who earned $25,000 annually for 40 years could retire with a 20-year payout of $2,297 a month under the Alternate Plan. Under the same circumstances, an employee making $125,000 annually could retire with a payout of $11,490 a month.
Originally posted by earthdude
I saw my boss retire and get so much money from social security even though he was already a multimillionaire. I got angry at how he used medicaid and medicare money for his medical needs when he had so much money. He did pay millions into it so I guess it is OK. But the youth, they are screwed no matter how rich they get. They won't give it back. They even force you to pay into it.
Originally posted by sd211212
reply to post by AnarchysAngel
Problem I see with letting "the people " plan for their retirement is that most dont know how to save money. Then the other big thing is ws crooks who get to steal peoples retirement money every 10 years or so and call it market gyrations blah blah blah. Ws loved it when 401 ks were born. Yippeee hooray more money in the market to steal. we will tell them market goes up market goes down. what we wont tell them is we control the market and we make it go up or down. yeah give them all the ss money too!!
Originally posted by timetothink
reply to post by pavil
There are also a lot of workers who cannot participate in SS such as federal workers.
IRS employees don't participate and do not collect any SS...they have alternatives for them, why aren't the rest of entitled to the same thing?
Originally posted by ErEhWoN
Well, its all just in perspective, I would say the government is of the people, and by the people. So its people, taking care of people. In theory at least. Much better than corporations are people, don't ya think?
Much like Greenspan found when he said the markets will regulate themselves (we see how that worked out), depending on citizens, charities, religious organizations, etc will ultimately fail due to greed. It is in all of us, and I think people will fall to this basic starting point each time. Just like wall street, greed would get the better of us.