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
1636 Views
Medicare? *NM*
- 28/02/2013 11:38:22 PM
706 Views
No, Medicare has only been around about half as long.
- 28/02/2013 11:56:32 PM
1088 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
1015 Views
No, I do not, because Medicare and torts are invariably scapegoated for all problems with healthcare
- 04/03/2013 12:52:37 AM
1099 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
989 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
1072 Views
Like I said, short conversation, once everyone uses the same definitions.
- 13/03/2013 03:28:52 PM
1068 Views
From the way you're shitting yourself with glee, I'm going to say Social Security.
- 01/03/2013 12:45:50 AM
1197 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
1038 Views
It is a "Ponzi" by definition, any argument to the contrary just makes you look ignorant.
- 02/03/2013 12:02:46 PM
1102 Views
Wait: An insurer is saying insurance is a Ponzi scheme? 
- 04/03/2013 12:56:30 AM
1077 Views
- 04/03/2013 12:56:30 AM
1077 Views
You are making even lese sense than usual... Quite an acomplishment. *NM*
- 04/03/2013 03:31:39 AM
630 Views
Maybe, but my math usually checks, and I never have to explain what I omitted.
- 11/03/2013 09:55:50 PM
1167 Views
My math ALWAYS "checks" - it isn't personal, you are just making absolutely no sense, *NM*
- 13/03/2013 03:27:11 PM
566 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
1048 Views
Yes, "government forcing people to give money" defines a Ponzi; speeding tickets are Ponzis. 
- 01/03/2013 03:53:02 PM
1128 Views
- 01/03/2013 03:53:02 PM
1128 Views
Good lord my friend.....
- 02/03/2013 04:19:35 AM
1053 Views
I will just link what Isaac said; maybe then you will pay attention to it.
- 02/03/2013 04:56:34 AM
1122 Views
I really think you terribly misread what I said *NM*
- 02/03/2013 06:59:56 AM
574 Views
I really do not think I did.
- 04/03/2013 01:43:02 AM
1152 Views
I'm pretty confident you have
- 04/03/2013 11:49:19 AM
1128 Views
We evidently disagree on what constitutes a Ponzi scheme.
- 11/03/2013 09:56:27 PM
1056 Views
No, I agree with a clear definiton, you seem not to want to absorb that
- 11/03/2013 10:24:47 PM
1244 Views
Re: Yes, "government forcing people to give money" defines a Ponzi; speeding tickets are Ponzis.
- 02/03/2013 12:22:34 PM
1124 Views
- 02/03/2013 12:22:34 PM
1124 Views
Fraud="money contributed is NOT invested for the contributor, but instead redistributed to others"?
- 04/03/2013 12:51:30 AM
1071 Views
You can try and misrepresent what I have said all you want, you are still wrong.
- 04/03/2013 03:45:24 AM
1132 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
1119 Views
- 11/03/2013 09:56:18 PM
1119 Views
Okay, that's a really weird or naive standard to judge SS by
- 01/03/2013 05:25:11 PM
1072 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
1121 Views
- 01/03/2013 07:39:44 PM
1121 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
1280 Views
Means testing is flat out WRONG, and the contribution limit is a sticky debate
- 02/03/2013 12:43:09 PM
1047 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
1160 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
575 Views
It is insurance against old age poverty, not a longevity lottery.
- 04/03/2013 02:00:24 AM
1152 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
1157 Views
Social Security Insurance; says so right on the label.
- 11/03/2013 09:53:33 PM
1292 Views
You can call it BedroomWindowVitamins but it does not change what it acutally IS.
- 13/03/2013 04:34:42 PM
1053 Views
"Sustainable"=/="profitable;" bankruptcy was not always a given, as your fellows claim..
- 04/03/2013 01:35:04 AM
1044 Views
Sustainable often means profitable, they are not universally synonmous but both at once is ideal
- 04/03/2013 12:25:45 PM
1051 Views
That is the IDEAL, but NOT point: Sustainability needs no profit, yet profit ensures sustainability.
- 11/03/2013 09:56:48 PM
1533 Views
Your attacks on republican ideals would have more credit if you understood them
- 02/03/2013 04:27:34 AM
1100 Views
An ironic charge, since their defenses of those ideals typically suffer from the same defect.
- 02/03/2013 04:51:32 AM
1061 Views
- 02/03/2013 04:51:32 AM
1061 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
991 Views
"Unsustainable"=/="meeting monthly obligations for 75 YEARS and still having $2.5 trillion left."
- 04/03/2013 01:03:09 AM
1128 Views
Please look up the definition of sustainable. Hint: "its worked so far" isn't it.
- 04/03/2013 04:25:19 AM
1134 Views
"As it is currently constructed/funded" is one HELL of a qualifier.
- 04/03/2013 04:41:30 AM
1171 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
970 Views
I believe if you check civilizations record you will find the human population has steadily risen.
- 04/03/2013 05:08:38 AM
1036 Views
*sigh*
- 04/03/2013 12:15:22 PM
1032 Views
Birth RATES have fallen; POPULATION steadily rose in every period except the Black Deaths peak.
- 11/03/2013 09:56:36 PM
1344 Views
Ironic that you would make my point while arguing against
- 04/03/2013 06:12:29 PM
965 Views
?
- 11/03/2013 09:56:59 PM
1167 Views
you mistate his posistion and then rationalize that you know what he really meant
- 13/03/2013 12:06:44 PM
987 Views
aH yes the great liberal investmetn/retirement plan that offers me a NEGATIGVE rate of return...
- 02/03/2013 11:51:50 AM
1027 Views
Do you sincerely believe people earning $14,560/year can afford investing 4% of it?
- 04/03/2013 12:53:30 AM
1184 Views
*sigh*
- 04/03/2013 03:43:08 AM
1031 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
1063 Views
Here are some clues.
- 04/03/2013 04:37:39 AM
938 Views
It is math, not the Riddle of the Sphinx: EIther it adds up or does not.
- 04/03/2013 05:02:39 AM
1077 Views
Math is simple - Either you know how to calculate it or you don't
- 04/03/2013 11:55:24 AM
1203 Views
SS is supposed to supplement a proper pension, not provide your sole income after retirement
- 05/03/2013 03:53:03 AM
960 Views
Did you bother to actually read anything?
- 05/03/2013 02:32:16 PM
1033 Views
do *YOU* know what "living in poverty" means?
- 05/03/2013 05:49:14 PM
1126 Views
Re: do *YOU* know what "living in poverty" means? --- yeah, I've BEEN there.
- 05/03/2013 08:01:33 PM
1048 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
1174 Views
All I have used is civility and logic, or least as much civility as was warrented.
- 06/03/2013 04:28:04 AM
1113 Views
yeah, it's my fault for stooping to your level....
- 08/03/2013 07:22:24 PM
1163 Views
Re: yeah, it's my fault for stooping to your level....
- 10/03/2013 01:42:26 PM
1029 Views
i'm not going to keep going in circles so i will finish with this....
- 11/03/2013 10:08:53 PM
1330 Views
"Rah! Rah! Rah!" Can we please cut out all this blather and bile?
- 05/03/2013 11:53:41 PM
1040 Views