No, my math is not in error, you are apparently just too ill-informed (the least personally offensive term I could think of to use) to be able to follow it.
I was using a simple low wage example to illustrate the point that Social Security is a bad deal. The higher the wages a person earns the worse the deal becomes.
As you go back and try to figure out where your calculations failed... try factoring in compound interest. Yeah, retiring as a millionaire is fairly easy, with patience and foresight. Compound interest is a beautiful thing, when you are collecting it instead of paying it.
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
1387 Views
Medicare? *NM*
- 28/02/2013 11:38:22 PM
557 Views
No, Medicare has only been around about half as long.
- 28/02/2013 11:56:32 PM
881 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
813 Views
No, I do not, because Medicare and torts are invariably scapegoated for all problems with healthcare
- 04/03/2013 12:52:37 AM
872 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
792 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
856 Views
Like I said, short conversation, once everyone uses the same definitions.
- 13/03/2013 03:28:52 PM
865 Views
From the way you're shitting yourself with glee, I'm going to say Social Security.
- 01/03/2013 12:45:50 AM
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Also unlike Ponzis, Social Security was not meant to profit—it just did anyway. For 75 years.
- 01/03/2013 01:55:46 AM
834 Views
It is a "Ponzi" by definition, any argument to the contrary just makes you look ignorant.
- 02/03/2013 12:02:46 PM
900 Views
Wait: An insurer is saying insurance is a Ponzi scheme? 
- 04/03/2013 12:56:30 AM
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- 04/03/2013 12:56:30 AM
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You are making even lese sense than usual... Quite an acomplishment. *NM*
- 04/03/2013 03:31:39 AM
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Maybe, but my math usually checks, and I never have to explain what I omitted.
- 11/03/2013 09:55:50 PM
952 Views
My math ALWAYS "checks" - it isn't personal, you are just making absolutely no sense, *NM*
- 13/03/2013 03:27:11 PM
461 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
823 Views
Yes, "government forcing people to give money" defines a Ponzi; speeding tickets are Ponzis. 
- 01/03/2013 03:53:02 PM
915 Views
- 01/03/2013 03:53:02 PM
915 Views
Good lord my friend.....
- 02/03/2013 04:19:35 AM
859 Views
I will just link what Isaac said; maybe then you will pay attention to it.
- 02/03/2013 04:56:34 AM
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I really think you terribly misread what I said *NM*
- 02/03/2013 06:59:56 AM
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I really do not think I did.
- 04/03/2013 01:43:02 AM
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I'm pretty confident you have
- 04/03/2013 11:49:19 AM
917 Views
We evidently disagree on what constitutes a Ponzi scheme.
- 11/03/2013 09:56:27 PM
849 Views
No, I agree with a clear definiton, you seem not to want to absorb that
- 11/03/2013 10:24:47 PM
1009 Views
Re: Yes, "government forcing people to give money" defines a Ponzi; speeding tickets are Ponzis.
- 02/03/2013 12:22:34 PM
913 Views
- 02/03/2013 12:22:34 PM
913 Views
Fraud="money contributed is NOT invested for the contributor, but instead redistributed to others"?
- 04/03/2013 12:51:30 AM
854 Views
You can try and misrepresent what I have said all you want, you are still wrong.
- 04/03/2013 03:45:24 AM
920 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
892 Views
- 11/03/2013 09:56:18 PM
892 Views
Okay, that's a really weird or naive standard to judge SS by
- 01/03/2013 05:25:11 PM
873 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
893 Views
- 01/03/2013 07:39:44 PM
893 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
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Means testing is flat out WRONG, and the contribution limit is a sticky debate
- 02/03/2013 12:43:09 PM
825 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
940 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
459 Views
It is insurance against old age poverty, not a longevity lottery.
- 04/03/2013 02:00:24 AM
924 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
930 Views
Social Security Insurance; says so right on the label.
- 11/03/2013 09:53:33 PM
1066 Views
You can call it BedroomWindowVitamins but it does not change what it acutally IS.
- 13/03/2013 04:34:42 PM
842 Views
"Sustainable"=/="profitable;" bankruptcy was not always a given, as your fellows claim..
- 04/03/2013 01:35:04 AM
833 Views
Sustainable often means profitable, they are not universally synonmous but both at once is ideal
- 04/03/2013 12:25:45 PM
817 Views
That is the IDEAL, but NOT point: Sustainability needs no profit, yet profit ensures sustainability.
- 11/03/2013 09:56:48 PM
1290 Views
Your attacks on republican ideals would have more credit if you understood them
- 02/03/2013 04:27:34 AM
878 Views
An ironic charge, since their defenses of those ideals typically suffer from the same defect.
- 02/03/2013 04:51:32 AM
858 Views
- 02/03/2013 04:51:32 AM
858 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
800 Views
"Unsustainable"=/="meeting monthly obligations for 75 YEARS and still having $2.5 trillion left."
- 04/03/2013 01:03:09 AM
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Please look up the definition of sustainable. Hint: "its worked so far" isn't it.
- 04/03/2013 04:25:19 AM
887 Views
"As it is currently constructed/funded" is one HELL of a qualifier.
- 04/03/2013 04:41:30 AM
947 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
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I believe if you check civilizations record you will find the human population has steadily risen.
- 04/03/2013 05:08:38 AM
824 Views
*sigh*
- 04/03/2013 12:15:22 PM
818 Views
Birth RATES have fallen; POPULATION steadily rose in every period except the Black Deaths peak.
- 11/03/2013 09:56:36 PM
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Ironic that you would make my point while arguing against
- 04/03/2013 06:12:29 PM
761 Views
?
- 11/03/2013 09:56:59 PM
922 Views
you mistate his posistion and then rationalize that you know what he really meant
- 13/03/2013 12:06:44 PM
772 Views
aH yes the great liberal investmetn/retirement plan that offers me a NEGATIGVE rate of return...
- 02/03/2013 11:51:50 AM
794 Views
Do you sincerely believe people earning $14,560/year can afford investing 4% of it?
- 04/03/2013 12:53:30 AM
958 Views
*sigh*
- 04/03/2013 03:43:08 AM
793 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
864 Views
Here are some clues.
- 04/03/2013 04:37:39 AM
740 Views
It is math, not the Riddle of the Sphinx: EIther it adds up or does not.
- 04/03/2013 05:02:39 AM
875 Views
Math is simple - Either you know how to calculate it or you don't
- 04/03/2013 11:55:24 AM
967 Views
SS is supposed to supplement a proper pension, not provide your sole income after retirement
- 05/03/2013 03:53:03 AM
753 Views
Did you bother to actually read anything?
- 05/03/2013 02:32:16 PM
816 Views
do *YOU* know what "living in poverty" means?
- 05/03/2013 05:49:14 PM
882 Views
Re: do *YOU* know what "living in poverty" means? --- yeah, I've BEEN there.
- 05/03/2013 08:01:33 PM
851 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
961 Views
All I have used is civility and logic, or least as much civility as was warrented.
- 06/03/2013 04:28:04 AM
897 Views
yeah, it's my fault for stooping to your level....
- 08/03/2013 07:22:24 PM
933 Views
Re: yeah, it's my fault for stooping to your level....
- 10/03/2013 01:42:26 PM
814 Views
i'm not going to keep going in circles so i will finish with this....
- 11/03/2013 10:08:53 PM
1118 Views
"Rah! Rah! Rah!" Can we please cut out all this blather and bile?
- 05/03/2013 11:53:41 PM
821 Views