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Trump's shitty advisors

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Comments

  • GreenRiverGatorzGreenRiverGatorz Member Posts: 10,165

    So, if you're in your 40's, you've already paid into it for about 20 years right? I think Im scheduled to get over $3k a year in 20 years. If you plan to live another 10 years, that's 30k. Hmmm. The more I think about this, maybe I would want that 10K up front right now? Edit...only if I get to stop paying into the program.
    Do you mean $3k per month? Even with SS being as insolvent as it is, I can't imagine projected payouts are nearly as low as $3k/year. That's far less than almost all of us pay every year in SS taxes alone.

    Either way, I trust my own investing with that money a lot more than the convaluted scheme the Treasury has.
  • SledogSledog Member Posts: 36,021 Standard Supporter

    that won't change anything. Even if the economy is "opened" no one is gonna fly, eat out, or do anything.
    I'm making reservations now for Saturday dinner! So you're wrong. I'll also get a haircut. You can cower at home under mom's bed.
  • incremetal_progressincremetal_progress Member Posts: 358
    edited May 2020
    MelloDawg said:

    I lean left and I don’t say it’s all on Trump. Obama himself even said that any administration would have been rocked and affected by it. The advantage for Trump is that he can say and is saying “look at what I did before, I can do it again.”

    The key, as always, will be seeing if the swing states buy the messaging. You already have a horde of people mobilized to vote against him based on social issues, but no election is won on those. The GOP is also burdened by the congressional elections being a referendum on Trump as well.

    Even if Trump has culpability, the USA would've had the most deaths in the world regardless of administration.

    Just blaming him for the late response and not providing a plan for to handle the crisis moving forward, which is all I've seen Biden do, is a loser.
  • SFGbobSFGbob Member Posts: 33,181

    if the government imposes austerity it will be a decade long depression. Opening the economy alone isn't enough.
    They just authorized 6 trillion in new spend. Does that look like austerity to you?
  • HairyBallsDawgHairyBallsDawg Member Posts: 1,074
    edited May 2020

    Uh....how you gonna pay for the entitlements otherwise?

    Actuaries and finance folks have shown that SS will remain solvent if we just remove the max income beyond which people don't pay SS tax.

    As long as the government doesn't raid the program to pay for other things.
  • RoadTripRoadTrip Member, Swaye's Wigwam Posts: 8,013 Founders Club

    Do you mean $3k per month? Even with SS being as insolvent as it is, I can't imagine projected payouts are nearly as low as $3k/year. That's far less than almost all of us pay every year in SS taxes alone.

    Either way, I trust my own investing with that money a lot more than the convaluted scheme the Treasury has.
    Sorry, yes meant month and I would agree that I could do far more with that $10K over the next 20 years. But my guess is the exchange wouldn't include getting out of the taxes.
  • doogiedoogie Member Posts: 15,072
    Kinda like taking a credit card advance for $10k in exchange for 7% if your income for life.

    Millions will line up to take that deal.
  • SFGbobSFGbob Member Posts: 33,181

    Actuaries and finance folks have shown that SS will remain solvent if we just remove the max income beyond which people don't pay SS tax.

    As long as the government doesn't raid the program to pay for other things.
    The government has been "raiding" it since the late 1960s.
  • doogiedoogie Member Posts: 15,072
    edited May 2020


    Social security was always a ponzi designed to “fund government today’ for a ‘secure retirement tomorrow”. Taxes were collected on all workers upon implementation but the first benefits began trickling out years later. The employment base (and subsequent tax revenue) always grew faster than benefits paid. Government used the float as operating income.

    Algore exploited public ignorance of social security in his famous “Lockbox” lie
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