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Government Confiscation of Private Retirement Accounts...


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We should have a progressive and nationalized pension system that everyone contributes to. Oh wait! We do. It's called Social Security. Except we've been underfunding it because companies & private individuals want to play with their old age money in the casinos, er ... I mean stock markets. And the banks & investment companies are making a bundle off of it. So ... we should get rid of all these private pension funds and tax-advantaged savings accounts & let the people fully fund Social Security instead so it provides a full retirement income as it should, and not just bare bones subsitence.

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We should have a progressive and nationalized pension system that everyone contributes to. Oh wait! We do. It's called Social Security. Except we've been underfunding it because companies & private individuals want to play with their old age money in the casinos, er ... I mean stock markets. And the banks & investment companies are making a bundle off of it. So ... we should get rid of all these private pension funds and tax-advantaged savings accounts & let the people fully fund Social Security instead so it provides a full retirement income as it should, and not just bare bones subsitence.

SS doesn't work because the govt stole the money. Wake up.

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We should have a progressive and nationalized pension system that everyone contributes to. Oh wait! We do. It's called Social Security. Except we've been underfunding it because companies & private individuals want to play with their old age money in the casinos, er ... I mean stock markets. And the banks & investment companies are making a bundle off of it. So ... we should get rid of all these private pension funds and tax-advantaged savings accounts & let the people fully fund Social Security instead so it provides a full retirement income as it should, and not just bare bones subsitence.

 

Private individuals do much better than social security. Anyone could. Over the long term, ss loses money because of inflation and they get almost no return on the money. Money goes in and it goes right back out because it's a ponzi scheme. There is no savings, you dolt.

 

Who the hell are you to tell people what they should do with their private property? Government should stay the hell out of it.

 

Social security has been way overpromised with stupidity like disability insurance and an assload of people who feed of it, but don't contribute.

 

 

Just live your life and stop trying to tell other people should live theirs for your benefit.

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We should have a progressive and nationalized pension system that everyone contributes to. Oh wait! We do. It's called Social Security. Except we've been underfunding it because companies & private individuals want to play with their old age money in the casinos, er ... I mean stock markets. And the banks & investment companies are making a bundle off of it. So ... we should get rid of all these private pension funds and tax-advantaged savings accounts & let the people fully fund Social Security instead so it provides a full retirement income as it should, and not just bare bones subsitence.

Social Security was never meant to be the sole income stream after retirement, just a stop-gap so people didn't starve. Wake up. I gave what the government asked of me to SS and medicare and now they want to take the rest that I saved and invested and grew for myself and my family? Screw that. That will be the corner for a lot of people. That will be the time when the ballot box, the soap box and the jury box are done and its time to bring in the cartridge box.

 

I looked after myself and made good decisions. Now I have to give up my earnings to make people feel good about themselves?

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Romney is in favor of private pension accounts,,,,,,,,,,,,, to plunder.

He's made hundreds of millions stealing them.

 

 

WTF are you talking about?

 

This thread is about the US Government stealing people's private property, THEIR retirement accounts. Do you get that?

 

Are you justifying it or are you against it or for it or what?

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Nope. But irresponsible people that don't save for retirement think so.

 

 

Social Security was never meant to be the sole income stream after retirement, just a stop-gap so people didn't starve. Wake up. I gave what the government asked of me to SS and medicare and now they want to take the rest that I saved and invested and grew for myself and my family? Screw that. That will be the corner for a lot of people. That will be the time when the ballot box, the soap box and the jury box are done and its time to bring in the cartridge box.

 

I looked after myself and made good decisions. Now I have to give up my earnings to make people feel good about themselves?

 

 

bingo we have two people who get it.

 

Politimom if an individual wants to have a dignified comfortable retirement, then they must plan for it and not squander their earnings during their working years. It also helps if they live within their means.

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Liberal dopes don't understand SS was designed to supplement money saved for retirement. The earnings from SS are minimal at best. Anyone, except a lib, with a modicum of sense could get better earnings. Remember Senator Al Gore going on and on and on about "The Lockbox" that SS funds would be put in so the dems couldn't steal from them anymore. Busy man Gore was. He took a few moments out from creating the internet to save SS. By the way for you younger libs: Both were lies. Bush wanted to privatize %.01. You could invest, or just leave it in the bank. %.01. Nooooooo. Dems didn't like that. They said you are stupid and would lose the money. Remember now. %.01. That was a lie too. They wanted all your money to give away. Even %.01 out of the till was too much. The other reason they didn't like it was you could leave it to your heirs. %.01. Am i getting through? If you want a real solution SS should be ended. A date in the future should be announced. No more contributions after the date. Those on SS could keep collecting. Those not collecting could not start collecting until 70. Payout amounts would be based on what those not collecting had paid in up until the date. Congress could tweak, not twerk, the plan but the key is elimination of SS. Oblame's latest scheme, MY-RA will be invested in Gov. bonds. It is mandatory for those working and not covered by a 401k. This is just another way for the gov. to sell debt. Notice that it comes at the same time the fed is tapering off buying US debt. Baby boomers are retiring at a rate of 10,000 a day. The system cannot be sustained and will go broke.

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We should have a progressive and nationalized pension system that everyone contributes to. Oh wait! We do. It's called Social Security.

First, what makes SS "progressive"? Oh that's right ... you folks stick that word in front of any socialist/communist program you like or want. No matter how much harm it does.

 

And SS is not a pension system. It's a Ponzi scheme.

 

Except we've been underfunding it because companies & private individuals want to play with their old age money in the casinos, er ... I mean stock markets.

 

Underfunded? Hardly. The program takes over 15% of what people earn, up to over $117,000 dollars, which is far more than what most people make.

 

So ... we should get rid of all these private pension funds and tax-advantaged savings accounts

 

You're an idiot. What we should do is let people invest the money the contribute and put the gains in named accounts that only they or their beneficiaries can access.

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We should have a progressive and nationalized pension system that everyone contributes to. Oh wait! We do. It's called Social Security. Except we've been underfunding it because companies & private individuals want to play with their old age money in the casinos, er ... I mean stock markets. And the banks & investment companies are making a bundle off of it. So ... we should get rid of all these private pension funds and tax-advantaged savings accounts & let the people fully fund Social Security instead so it provides a full retirement income as it should, and not just bare bones subsitence.

You've been soundly kicked in the teeth, so I won't pile on. What I will say is, stick to a subject to which you know something about.

 

Clearly money and investing isn't your forte.

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You've been soundly kicked in the teeth, so I won't pile on. What I will say is, stick to a subject to which you know something about.

 

Clearly money and investing isn't your forte.

 

 

+ ZILLIONS

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But, but, but....

 

If we eliminate SS then we wont be able to tax it! OMG!

 

The only fair system is to make SS voluntary, and let others invest as to how they see fit, and to opt out of it.

 

But if we do that, we better start building a lot of poor houses and death camps. That costs $$!

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