Backbone of democracy...
Comments
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No, it doesn't help.
If any amount you paid into the trust was related to your defined benefit, and not your defined contribution, then it was to help pay for another guy who was retired while you were working.
In any event, your contribution of 9% doesn't come close to how much it costs for a lifetime pension benefit unless they get lucky and you and your beneficiary die earlier than the tables say you will. And you yourself said it: your employer paid in on your behalf. Who was your employer? How do government employers get their money?
You were paid by, and are retired on, tax revenue. You were the government. -
Hurtful. And I don't even know what you two are talking about.YellowSnow said:
May we call for the death of all rent seeking professions? Hi @creepycoug !!UW_Doog_Bot said:
That's the trouble with socialism-light, it always requires more government intervention & control as rent seeking replaces competition in a free market.YellowSnow said:
It's just so god damned messy with the words these day. All the olds that love Trump love their Medicare but hate "socialism". So if the government is just picking up the tab, but doesn't control or own the means of production- i.e., docs and hospitals - is it really REAL socialism?SFGbob said:
Got it, it's Socialized medicine but it's not Socialism. It's healthcare that's paid for by the state but according to Hondo the stupid Kunt, it's not Socialism. And Bernie wants to "break up" ICE and the Border Patrol, but again, according to Hondo the lying Kunt, it's a lie to say Bernie wants to "dismantle" ICE and the Border Patrol.2001400ex said:
It's actually not socialism. Look up what socialism actually is. Look up the economies that Hitler, Stalin, and Mao had.SFGbob said:
Medicare for all is Socialism. It is socialized medicine. Quote the person who called it Communism.2001400ex said:
People call Medicare for all socialism and communism here on a daily basis. You are doing it in sheet thread right now. And you don't even see it. Sad!MikeDamone said:
Which no one did. Idiot.2001400ex said:
Calling a representative republic a democracy is closer than calling Medicare for all a communism. HTHMikeDamone said:Or pandering for votes? Since we don’t have a Democracy and no one person or group of people would be the “backbone” of it if we did, I’m going with pandering for votes. Maybe even using them as props.
And sledog says hello.
Hondo has his own words and meanings for words.
Healthcare is a perfect example. The government "fixed" our private market. Now the calls for single payer since there's a shrinking supply of larger and larger rent seeking corporations. Then, after single payer exists, there will be an oligopoly of rent seekers who give poor service while suckling at the public tit and we will have cries for state takeover just like PG&E. Then "real" socialismo where competition ceases to exist entirely and costs balloon while service and supply dwindle until the lights go off. -
We live in a very litigious society @creepycougcreepycoug said:
Hurtful. And I don't even know what you two are talking about.YellowSnow said:
May we call for the death of all rent seeking professions? Hi @creepycoug !!UW_Doog_Bot said:
That's the trouble with socialism-light, it always requires more government intervention & control as rent seeking replaces competition in a free market.YellowSnow said:
It's just so god damned messy with the words these day. All the olds that love Trump love their Medicare but hate "socialism". So if the government is just picking up the tab, but doesn't control or own the means of production- i.e., docs and hospitals - is it really REAL socialism?SFGbob said:
Got it, it's Socialized medicine but it's not Socialism. It's healthcare that's paid for by the state but according to Hondo the stupid Kunt, it's not Socialism. And Bernie wants to "break up" ICE and the Border Patrol, but again, according to Hondo the lying Kunt, it's a lie to say Bernie wants to "dismantle" ICE and the Border Patrol.2001400ex said:
It's actually not socialism. Look up what socialism actually is. Look up the economies that Hitler, Stalin, and Mao had.SFGbob said:
Medicare for all is Socialism. It is socialized medicine. Quote the person who called it Communism.2001400ex said:
People call Medicare for all socialism and communism here on a daily basis. You are doing it in sheet thread right now. And you don't even see it. Sad!MikeDamone said:
Which no one did. Idiot.2001400ex said:
Calling a representative republic a democracy is closer than calling Medicare for all a communism. HTHMikeDamone said:Or pandering for votes? Since we don’t have a Democracy and no one person or group of people would be the “backbone” of it if we did, I’m going with pandering for votes. Maybe even using them as props.
And sledog says hello.
Hondo has his own words and meanings for words.
Healthcare is a perfect example. The government "fixed" our private market. Now the calls for single payer since there's a shrinking supply of larger and larger rent seeking corporations. Then, after single payer exists, there will be an oligopoly of rent seekers who give poor service while suckling at the public tit and we will have cries for state takeover just like PG&E. Then "real" socialismo where competition ceases to exist entirely and costs balloon while service and supply dwindle until the lights go off.
https://en.wikipedia.org/wiki/Rent-seeking
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How much money would you need to have saved to be able to draw $75k a year in retirement income from age 55 when you retire to age 85 when you die?
30 years of income for 25 to 30 years of work.
And never once do you have to sweat a down turn in the economy or a market crash because that check shows up every two weeks no matter what.
What’s the value of that? -
Toss in full medical here in Oregon for teachers who retired in there 50s.
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Maybe they can teach you remedial English now that they are retired and have free time?WestlinnDuck said:Toss in full medical here in Oregon for teachers who retired in there 50s.
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Yeah forgot the medical. My local school district is getting killed by the retiree health care coverage not only for the employee but also for family membersWestlinnDuck said:Toss in full medical here in Oregon for teachers who retired in there 50s.
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A lot.SFGbob said:How much money would you need to have saved to be able to draw $75k a year in retirement income from age 55 when you retire to age 85 when you die?
30 years of income for 25 to 30 years of work.
And never once do you have to sweat a down turn in the economy or a market crash because that check shows up every two weeks no matter what.
What’s the value of that? -
I knowcreepycoug said:
A lot.SFGbob said:How much money would you need to have saved to be able to draw $75k a year in retirement income from age 55 when you retire to age 85 when you die?
30 years of income for 25 to 30 years of work.
And never once do you have to sweat a down turn in the economy or a market crash because that check shows up every two weeks no matter what.
What’s the value of that?
While it’s not Sled’s fault the current system that we are all expected to subsidize is a fucking outrage.
There has to be a better option where we exempt cops and firefighters but your run of the mill DMV employees has to moved into a 401k type system -
I've actually counseled one of my kids to think about a career in government, which was heresy in my family during all of my upbringing. She's good at math and could land in any number of federal agencies. Why the fuck not? Go home at a decent hour and have a sound retirement. Or go to some investment bank and work on slide decks for five years and never get more then 4 hours of sleep.SFGbob said:
I knowcreepycoug said:
A lot.SFGbob said:How much money would you need to have saved to be able to draw $75k a year in retirement income from age 55 when you retire to age 85 when you die?
30 years of income for 25 to 30 years of work.
And never once do you have to sweat a down turn in the economy or a market crash because that check shows up every two weeks no matter what.
What’s the value of that?
You are correct. It's not a bad way to go.
