http://www.usatoday.com/story/money/personalfinance/2013/02/26/social-security-myths-and-tips/1946975/
"Social Security payouts will outstrip its tax revenues after 2021, and the Social Security Trust Funds will run out of money in 2033, at which point benefits would have to be reduced."
Thoughts?
why do I pay in if I don't get anything back
this is the kind of shit that transfers wealth to cryptkeepers
Rich people need to be taxed more and people that are rich or have savings should get less on benefits
>>69824893
Those are nice slutbags
>>69824893
>the gov can save money better than you can
it is simply astonishing the level of retard it takes to actually believe this...
Proof democracy is dumb
Those are some nice teats.
Didn't read your post but what's the name of the creature bearing those godlike tits?
>>69824893
>2033
This will be at the height of the boomer die-off period. They're going to eject right before the fucking plane crashes.
>>69826130
>2033
>>69826130
And they'll leave their inheritance. Assuming they're not in huge debt, that is
>>69825202
It's actually true, considering most americans carry more debt than savings.
>>69826335
>most americans carry more debt than savings.
so does the government ya dingus
>>69825035
/thread
>>69826322
The majority of the country has no liquid assets. NONE. If you're parents are upper-middle class with significant home equity, then you can probably offset the fact that you won't get SS with inheritance. They also helped us by only having one or two kids each.
However, this assumes they do not have 2nd and 3rd mortgages, outstanding taxes, and the property is actually able to be sold, or you're in a position to live there and can carry the taxes and other carrying costs.
The VAST majority of Americans are not going to inherit much at all from their parents except for credit card debt, and two cars with 100,000 miles each.
>>69826302
>2033
My god the meme magic.
All them Minorities and underrepresented especially the people who sucks on this shit are gonna have to pull their own weight or either find some one who can.
Now lets see if them stronk independent women who dont need no man still upholds when it happens. LMAO.
>>69825035
why should you not be entitled to something youve paid into your entire life?
fuck off and eat shit, dillberg
>>69825537
Luca Prins (Prinz?)
>>69824893
>at which point benefits would have to be reduced
Why wait?
>>69824893
It feels fucking disgusting that every year, I give away thousands of dollars knowing full-well that I will NEVER receive a return on investment when I finally retire.
Shit, by the time I'm eligible for retirement social security, it'd be around 2050 and whites will already have turned into a minority. We'll be fucking brazil. I'll probably have fled the country long before then.
>>69827474
>paid into your entire life
The boomer generation have consistently taken more than they have paid through reducing taxation and running up debt (both national and personal). If boomers had really paid into the system their entire life why has national debt gone up across the west over their lifetime in all but a few cases.
>>69824893
Tremendous tatas
>>69827474
Rich people devalue currency by causing inflation, therefore its them who owe me money
>>69827267
>TFW there are no metros around here
Welp. I guess I'm fucked.
>>69826322
>grey nomadisim intensifies
>>69824893
It's simple. What is currently happening in Europe will start to happen in the USA.
The millionaires will leave. The economy will die.
>>69827818
My hope is that even though the overall population will be pozzed, there will be enough states with significant white majorities left that the Senate will be able to push devolution of federal authority by basically starving the federal government of money and returning more authority to the states.
This will be the only way to avoid a full on banana republic dominated by a federal government made entirely of blacks and hispanics.
>>69828192
But where will they go? 3rd world countries?
>>69828406
Back to Israel :^)
http://www.breitbart.com/london/2016/04/01/10000-millionaires-left-france-last-year-amid-rising-racial-tensions/
>Brianna Mcslutbag
Wow
>>69828406
Well, some of them will be depopulated after the western aid money will have dried up.
>>69827221
You dont inherit credit card debt unless it was a joint account. So your parents CC debt will not be passed down
It's stupid that you're forced into SS. I have a perfectly good 401k through my job. Why should I have SS? It doesn't even seem like I'll get anything out of it at this rate.
>>69828817
I know, I meant it metaphorically
>>69824893
>currently getting ~$1600/month SSDI
>58 y.o.
>I will likely be FUCKING DEAD by 2033
[or beaten to death by millenials
>AMA about how I give a fuck :P
>>69828368
The only time in history a government has willingly and peacefully given up power (whether to local gov'ts or to private enterprise) was Chile under Pinochet. And they called that a miracle for a reason.
Unfortunately, I just don't see our government ever say "hey, if we continue on this path, we'll destroy ourselves, so we need to fix this now." Nope, all the retard entitlement-slaves will continue clamoring for the gibsmedats, and we'll continue being self-propelled off the cliff.
The only outcome I can see is revolution. The choice is whether that revolution will be for the better or for the worse.
>>69829022
>58 y.o.
>on 4chan
jesus
>>69824893
Old people are living too long.
>LOGANS RUN 2020!!!
>>69829050
States could just refuse to follow federal edicts. There are quite a few that are crazy enough to call the federal bluff. Though there will be armed federal bureaucracies that would kill millions of Americans just to keep their pensions.
>>69829259
where did his life go so wrong
>>69829259
I can only stomach so much cable TV...
>>69827902
>rich people cause inflation.
Slow down there Karl.
>>69829531
Right. That would fall under "revolution" in my opinion. What I mean is that I don't see this issue being solved peacefully without radically disrupting the political body and bloodshed
>>69829829
In fairness, it isn't poor people that are doing the borrowing that drives inflation, but I think Hungary was being sarcastic, because it's actuallly central bank lending policies that cause inflation.
>>69825025
>why do I pay in if I don't get anything back
You're a good goy and boomers needs their free shit.
>>69825025
Because the government is by their own definition running a ponzi scheme
>A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. In many Ponzi schemes, the fraudsters focus on attracting new money to make promised payments to earlier-stage investors to create the false appearance that investors are profiting from a legitimate business.
https://www.sec.gov/answers/ponzi.htm
>>69824893
>We can't afford social security, something people pay taxes on their whole lives BUT WE CAN ALWAYS AFFORD WELFARE EVEN THOUGH PEOPLE WHO GET WELFARE NEVER PAY FOR WELFARE
U FUKING WOT?
>>69825202
Or even without investing why can't I just take the money I am paying into it now and give in directly to my grandparents?
>>69826335
I dont have any debt
Yet the feds have 16 trillion
how is social security even legal
fucking seriously
it's literally a ponzi scheme
>>69829259
46 here
>>69829259
what are you gonna be doin at 58 you dumb spic
>>69832668
they dont live that long
>>69825025
it's called socialism faggot, now shut up and feel the Bern
>>69828817
I when through this when my dad died, the estate is liable for all outstanding debt ether the estate has to be liquidated to pay the debt or the inheritors will have to assume the debt to keep the assets. don't forget the estate tax faggot, if the estate is worth more that 100k get ready for an ass raping by the government.
>>69824893
Social security will exist as long as the government has the political will to fund it. Anyone who thinks otherwise is delusional and probably cut from the "gubnit is a Ponzi scheme" cloth.
>>69833612
so what happened? did you sell the house and such? pay the debt?
>>69824893
It's always been a scam
There is no "Trust Fund", all money collected went into the general fund and politicians spent it
Started off with 50 workers to every 1 collecting
Was supposed be an insurance plan of last resort, no pension, you didn't save, guy dies and leaves his wife with nothing, originally it was to care for destitute old women
1930's lifespan was a lot lower, not everyone was expected to live long enough to collect
No means test, if you are a millionaire you get to collect, should have a wealth limit attached, including your home, before you get to collect you should sell and downsize
People used to be responsible, put money away, invest for retirement, now they spend it all and then some
Then the Big G added, SSI for dependent families, for old immigrants who never paid in, then added SSDI, a big old government tit, using money from my pocket
Now it is most people's only retirement, let someone else pay for me
Most collecting SSI get back all they paid into it in about 5 years
Once all the " Boomers" are 65 in 2030 therw will be 3 collecting for every 1 working, even if you suck at math it should be pretty clear to you
Now you know why all the insiders want open borders and all the illegals made legal, the newly arrived have lots of kids, we need lots of young workers to pay for the oldies
They have been kicking the can down the road for a long time, now the road is about to end at a cliff
If they had invested all collections from the start the "Trust Fund, Lock Box" would have trillions in it now
Wait until there are not enough on the bottom to pay, that's when a revolution occurs, we have 10-15 years before the fun starts
i don't even think about SS when I plan out my reitirement. gettin real tired of this shit
>>69835065
fucking this
makes my blood boil
>>69824893
Aaaaand those kinds of estimates are always overly optimistic.
>>69834781
I took over the estates debt and bought out my sibling, I probably broke even on the deal and now have a house I can rent out or sell in the future.
>>69834746
As of 2015, 53% of the federal budget is for Social Security (25%), Medicaid, Medicare (28%)
65% of all federal spending is mandatory, they have no options due to promised obligations
Of the 35% that remain, beginning fiscal year 2017 10% will go to interest on the national debt
Defense spending is 11% of what remains
Now you 25% to spend on everything else
Good luck
>>69824893
Who is this Titty Kitty???
>>69824893
U.S. gov will just print more money and increase it's debt ceiling, like always
>>69837731
True they can do that. It's not like they're gonna pay it or anything....
>>69824893
Should've listened to this guy. Pic related.
Instead, Republicans did what they always do. Cut taxes for the rich and launch wars.
The national debt would have been completely eliminated by now.
Should have elected Al Gore.
Business: The Economy
Exorcising the US national debt
http://news.bbc.co.uk/2/hi/business/380923.stm
https://www.youtube.com/watch?v=O45zUlQPUQ0
>>69838107
as long as the U.S. doesn't have as much debt as countries it dominions no. Those will be the first to pay. Things like this start from the bottom up, Greece is already paying.
>>69838107
WHO IS THIS GIRL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
>>69838559
>yes goy, this all would have been prevented if you elected gore, the crooked lending practices that came into existence during the Clinton administration certainly wouldn't have popped the bubble if a dem was in charge invading iraq.
>A fucking leaf.
>>69829022
How long have u been here? U no any others boomers that come here?
>>69824893
gas the boomers age war now!
>>69826322
dude this is boomers we are talking about they never saved a dime of their money in their life they will have taken out a second mortgage on their home and the only thing they will leave is debt
>>69838956
>thinks Al Gore would have invaded Iraq
Go back and watch the 2000 debates. Al Gore was very clear that he wanted to preserve the surplus to prepare for Social Security. Dubya was all about MUH tax cuts.
>>69839007
Yup. 58 here too. No job, no support, no gibsmedats, live on my wits with ZERO - not even EBT. Saved alot in 401ks. Oh - and Im disabled too - two heartattacks and depression.
>>69839259
Not to mention that the economic nightmare we're living in now because of the boomers makes it far more difficult for us to save a sizeable nest egg.
>>69839259
Except your wrong - never have taken a dime, im 58, out of work for 5 years, nobenefits at all. Using my savings wisely.
>>69826130
Speaking of which, now would be a good time to get into the business of funerals and dead body disposal
Boomers and Millennials.
Those of us caught in the middle are totally getting fucked!
>>69835065
Nigger u make well over 100k. U should give a shit. But yea, I feel ur pain. Its a bitch. Its just another reason I try not to work too hard or any overtime. More money = less I get to keep (percentage wise).
>>69839394
And been here since "Consequences will neber be the same", and redpilled as fuck. Also PhD in Physics.
>>69839430
Can't argue with that. Boomers do not EVER want to retire, stop earning, or share their wealth. Two millionaire boomer brothers here - won't help bro with a dime.
>>69824893
next president will have to change it's tax structure.
they should remove the cap and turn it into a flat tax.
>>69839300
the tax cuts resulted in a lot of growth.
he would've been pretty decent if he'd just stayed out of iraq.
the 2008 crash wasn't caused by him and pretty much unavoidable, thanks to clinton.
when the fuck are we going to get our properly working /pol/ back from that april first nincompoopery?
>>69840360
>the tax cuts resulted in a lot of growth.
Yeah so much growth that Bush ran 8 straight budget deficits and left behind a $1.4 TRILLION budget deficit.
>the 2008 crash wasn't caused by him and pretty much unavoidable, thanks to clinton.
LOL! BUSH DINDU NUFFIN.
Typical conservatives man. They fuck everything up when they're in office. Then blame Democrats.
This is why you motherfuckers can't be trusted with the economy, or with national security for that matter.
No matter how good of an economy a Democrat leaves a Republican (Clinton handed Bush the best US economy ever), a Republican will always find a way to fuck it all up and blame the Democrats.
https://www.youtube.com/watch?v=QKv-dXHhtMs
SS solutions:
>remove the income cap (best)
>raise the retirement age (ok)
>gas the... (final)
>>69832642
Same
>>69840880
economic growth isn't measured by budget deficits; they're two wholly separate things. and, the budget in his last year was entirely because of the crash, a terrible response to the crash, but any president would've spent a trillion dollars on one program or another in response.
and no, he didn't cause the 2008 crash, the systems which caused the crash were already set up in the 90s.
i'm not even a conservative, you fallacy reliant retard.
>>69824893
>Thoughts?
THANKS BABY BOOMERS
FIRST YOU FUCK THE ECONOMY
>despite being a hardworking generation
THEN YOU FUCK THE ENVIRONMENT
>despite being the generation who brought environmentalism to the public forefront
THEN YOU GIVE US ENDLESS WAR
>despite being generalized as a protest generation
THEN YOU TAKE OUR RETIREMENT
>despite being in the workforce longer than anyone else
GODDAMNIT YOU FUCKERS I WANTED A WORLD FOR MY CHILDREN YOU SELF CENTERED FUCKS
>>69841176
I don't understand this meme. I see it on Reddit all the time. Are you saying our parent's generation has done things that screwed our generation? How? As in they voted for people/laws good for them but bad for us?
>>69824893
Just print more money.
>>69843358
Yes.
I think they are a hardworking dynamic generation.
But they are institutionally selfish.
Everyone has known Soc. will dry up before we every get to use it. I'm just hoping we do away with it as soon as possible because why the fuck am I paying into a system that I won't ever see the benefit of
>>69843358
Baby Boomers have shied away from every attempt to reform social security. They pushed all their kids into college causing the value of degrees to plummet and sending tuition through the roof. They managed to raise the first generation of Americans who categorically are not wealthier than their parents.
>>69838956
Gore would have invaded Afghanistan and lost the re-election to GWB or McCain anyway, he would have been a one term chump. Republican hawks would have ate him alive in 04' like they did Jimmy Carter
>>69839796
There is already a Boomer movement to disinherit their offspring, Gen X isn't getting this treatment from the silent generation.
>hurr durr millennials
Gen X spent it's youth doing every drug under the sun
>>69824893
>at which point
Orrrr, gut it now.
>>69833612
>expect to inherit your parents assets without paying their creditors first.
Are you fucking stupid. You don't inherit their debts. If you want to inherit their assets you have to pay them off though. If your parents had more debts than asset's they essentially had nothing to give you. If that is the case you aren't required to take any debt though.
>>69838559
>Cut taxes for the rich
The bush tax cuts applied to all tax brackets, not just the rich. Fuck off syrup nigger
>>69832080
Make it 19 trillion senpai
>>69827879
>If boomers had really paid into the system their entire life why has national debt gone up across the west over their lifetime
>thinking the government left this money alone to accrue interest
The problem is the government decided it was ok to us the money in the social security trust fund for multiple over projects. It then went from a savings/trust to relying on incoming payments to cover expenditures. This was all good until the number of people paying in started to fall well below those receiving benefits. This is why I don't believe any politician when they give an estimate for how much their program will cost. It might start with one figure, but through legislative horseshit it will end up being used for other things or costing multiples more than it was supposed to, i.e. "Bernie's programs won't raise taxes on any but the upper 5%"
>>69846738
Thanks Reagan and Republicans!
>>69846738
Actually Bernie's programs already straight up increases taxes on everyone. Imagine how much worse it would get when we all realize his estimates are too low.
>>69847677
>>69846738
In what you are talking about the figure of the original program never changed. The only thing that changed was essentially accounting tricks that stole money and made it look like it changed.
Other shitty policies and laws being used to fuck over good ones doesn't mean we should stop making good policies.
>>69829259
64 here, fuck off kids.
>>69829464
And we're gonna be living a while longer and your not going to know who we are.
>>69849506
Not say we shouldn't make good policy. Unfortunately the best policy means nothing when politicians will do whatever they can to stay in office, regardless of how much it fucks up that policy.
>>69829259
53 here
lots of people older on /pol/
you think you're on /b/ faggot?
I have 23,000 dollars from saving like the primal jew. What do I do with it? Please help I'm scared.
>>69838685
read the file name you idiot
>>69850454
>implying you can't sniff out any boomer by going up to them looking them right in the eyes and offering a firm handshake
This is why the age needs to be raised
It's that simple
>>69853057
Not really because that absolutely fucks over blue collar workers.
There needs to be a scale where desk jobs don't get anything till they're older but hard physical labourers can get out of the game when their body starts giving way.
mfw people actually think there are "reserves" or that anything has been saved whatsoever,
All social security "reserves" by law are spent on treasuries, and the government then spends it all on war an welfare
It's just like writing a check to yourself - the "reseverves" are just IOU's
The promise to tax us in the future -that's it
>>69853599
Wouldn't that same logic imply that when SS was initially created, it fucked over blue collar workers back then too? Not saying your wrong, but this is simply the way that it's always been.
>>69824893
And by that time America won't be white anymore and the BLM movement will have started the race war.
America is a sinking ship everybody, time to get your plan B ready if you have one.
>>69846738
That figure was only for income tax, problem is, most retards seem to forget that there are other taxes we pay on income or that income tax isn't the only tax that exists.
And his revenue scheme depends on people actually willing to put up with it. He's fucked when people decide that they'll put their money elsewhere to avoid his autism.
>>69824893
>dem titties
>>69825025
>why do I pay in if I don't get anything back
Because your other options are to either go to jail, or get the shit beaten out of you THEN go to jail.
Democracy at its finest, folks.
>>69824893
You don't live in the usa so why do you give a fuck?
Simple solution stop giving unemployment insurance. It is so fucking corrupt and I'll managed it's disgusting.
Lazy fucks are young enough to work.
>>69836242
So the government will spend more on social security than it has in the past. Oh boo hoo, a bigger deficit. That's not a problem. The only true problem is whether or not the resources exist to support the retiring boomers.
>>69838685
>>69837630
>>69825108
>>69825451
>>69827882
Just another coal burner guys
http://www.dumpert.nl/mediabase/349111/a7f977d1/soepmetballenmeisje_bij_rtl_boulevard.html
government borrows from SS to pay for things from the general fund.
SS is full of IOUs.
>>69853599
that's basically socialized medicine which isn't really a particularly good solution in turning over all kinds of money and power to government
blue collar is fucked because they work young for shit without understanding the long term destruction they are doing. living paycheck to paycheck is really just paying to work.
bottom line is we live in a world of theft through obfuscation and government control pushed along by economists that shit themselves over people saving money themselves and actually understanding their situation. most are supposedly too smart to just be unwitting accomplices. a very corrupt and disgusting world.
>>69824893
>I'll be 57 in 2033.
>The earliest I could opt to take social security (at 75% of payments) is at age 62.
>Not even Gen X gets to slip in before the buzzer.
Fuck.
>>69824893
Import more Mexicans and Muslims whose tax will pay for retirement benefits.
This is completely without any faults and is working tremendously well in Europe with absolutely no downside.
>create a ponzi scheme called Social Security, which relies on more workers entering than exiting
>outsource every job to foreign countries
>wonder why social security collapsed????
Of course it doesn't help politicians have been stealing from that honeypot for years and years, but it was bound to fail inevitably.
>>69854526
I'm working on getting /fit/ because of this inevitable situation. Us whites need to survive these turbulent times.
>>69825025
Hahahahhaha. Welcome to Western Europe/Australia.
>Raise taxes
>Raise retirement age
>Remove benefits
>...Except for Boomers, who will claim the majority of taxes in their welfare payments and medical care
>>69853599
>can get out of the game when their body starts giving way
Supposedly this already exists with SSI Disability payments, but they are really hard to qualify for, especially if you don't use a talented Jew lawyer Shecklestein to win the SSI Disability approval game (for only a modest price, Goy).
>>69859611
Nah, you just need a compliant doctor. Like that entire town that was on disability because the town doctor decided, 'there are no jobs here and these people are too poor/ignorant to learn a new job somewhere else...they must be disabled!'
>>69824893
redirect a portion of the military budget into social security for 10-20 years until the glut of old people die off
problem fucking solved, it isn't hard
If Social Security isn't a ponzi scheme, then why can't all young people be moved into individual private accounts instead of paying Social Security Taxes?
If all these old people who "Have been paying into the system their whole lives" deserve their Social Security, what's wrong with removing the young people from also paying into the system?
Please for the love of God US move to private retirement plans before It's too late
>Value of 401(k) assets in the US: $4.4 Trillion
>Per capita: $13,750
>Value of Superfunds assets in Aus at PPP: $1.47 trilion
>Per capita: $61,250
>>69860268
Fucking brilliant: Dr. Gibsmedat.
>>69829259
I'm 987, what now punk
>>69829259
I don't feel so bad for being 39.
>>69829259
I've been here for 10 years, I don't think I'll leave any time soon.
The website will have to die for me to wander away from this shithole.
Can't wait to be an old racist grandpa on /newpol/.
>>69860470
For an Australian, that was a good post. I agree.
>>69860423
>glut of old people
It's like you forgot that while repopulation numbers among whites are shrinking, third world migration and birth rates are skyrocketing.
Someone has to pay for Mohammed and Paco's retirement.
Increase tax revenues and SS payments
This isn't rocket science
>>69824893
This has been common knowledge for a long time. Hell we debated it in my AP US Gov class 9 years ago.
Either you need to
A. Raise the age/qualifications for payout
B. Raise the tax
C. Lower the amount paid out
Guess which one people are willing to accept :^)
>>69824893
I don't rely on any of that shit so I couldn't care less. I consider shit like social security and mandatory buy-in pension plans to be literal communism and can fuck off forever
>>69854526
What the fuck is going on with the rifle,in that picture?
Its like some kind of Bolt action M1A hybrid with some phantom fingers caressing the ejection port.
>>69860992
No matter what you choose, riots are gonna break out.
>>69860992
>Guess which one people are willing to accept
guess which one won't matter when congress has to choose between never getting paid again and getting voted out of office
spoilers: all of them
>>69854929
That kid isn't looking at tits. His eyes are shut and his face is point toward the ceiling.
Occam's Razor conclusively shows that there is a creator. So why do you still cling to the ridiculously improbable THEORY of evolution?
>>69860470
Be careful; Australia is in the same boat.
Superannuation is meant to fix that.
But, mate, watch out in the future as the big pool of super piles up, and every fucking greedy pollie will not be able to resist the urge to wipe out your super account.
Best thing you can do is to avoid working as an employee. Work as a contractor, so you don't get your income stolen from you and locked away in a super account. Its not safe there!
>>69835065
Yeah, I plan for the amount needed to live comfortably assuming a 2-4% interest, all bond portfolio. Just to be safe. May or may not reach it, but it means I save as much as possible.
Any government aid or wealth creation through common stocks in retirement is just a bonus.
Most people I know haven't given a thought to feeding themselves after they get old, so sucks to be them I guess.
>>69838956
Obama tripled the Bush debt.
I clicked this thread for tits when it first came out. Just wanted to let everyone know I came.
It works out if your government isn't socialist kek
>>69825025
you don't, become self-sufficient, have accountant move all your money out of incomes that are taxed
>>69869368
did you guys get your pension plan money back yet?
>>69847677
Oh shit
>>69824893
Don't retire. You'll live longer
>>69824893
Why would you post a picture of tits like those then expect a guy to think?
