UMD Libertarians

If the government told you that from now on, you will no longer be responsible for contributing to social security, however, you will recieve no social security benefits when you retire.

I, personally, would welcome this idea. I dont want the government’s pennies, and freeing up the obligation of paying SS to people under 35 (when they retire) would alleviate a good chunk of the US debt burden. Not to mention the money saved from paying the government would be going straight into my 401k and ultimately yield much more in the long term.

So what about the people already on SS? Isn’t our monies paying for them now?
I wouldn’t be upset if a better system or reforms were being discussed

Fucking in. Why pay into it if Im supposedly never going to see it. Id rather send that to my 401k.
i’d rather that then they fuck with the 401k system. If it is a one-or-the-other type deal

yes, im saying that everyone over 35 will continue to pay and to recieve when they retire. Under 35, you stop paying, but you agree to forfeit anything you’ve already contributed to SS.

Better system = learn to handle your finances.
im 33 and i would have no problem with that as long as i got some of what i’ve paid out back

Truth. If we all stop paying they’d starve.

so who’s going to pay for the SS of those who are now 35, when they retire?
It’s not like we’re going to see it. I’d rather them just fess up to that and stop taking the money.

its not even that you will not see it, necessarily, its that it is such a miniscule amount that your dollars would yield much higher returns in a company matched 401k with compounded interest over 40 years
I’m in. Would much rather have control over my full retirement than watch the government fuck it up like they have been doing since Social Security was created.

yeah, yeah that 401k thing is a sure bet

umm fuck that i would want my money back…at this point in my life SS has done nothing for me…why would i let the Gov keep mah money?

I get that. But if everyone under 35 quit paying in to SS the people that are on it right this second wouldn’t be paid. Not all of them anyways. I would think a shitchunk of that money used to pay them comes from the 16-35 people.

Those people don’t use their SS checks to buy coffee and 6am breakfast at McDonalds, a lot of them use that shitty $700 a month or whatever it is to live in their nasty little old houses and if you took it away they would be completely broke.
To be honest im not sure how much SS money people under 35 are paying to the currently retired. I’d almost prefer they just raise taxes to cover the difference. At least we could ultimately ween ourselves off this worthless program.

how old are you? Granted Im young and have only contributed for about 9 years, so i cant speak for those a bit older. Determining a cutoff age would be a major factor.

7.6 percent

Well considering that they’re always talking about how the SS system is using more money than its going to take in then I would say that you could NOT just cut out everyone from under 35. If its already about dead that would be pulling the plug. And I would think the taxes used to cover the loss would be too great. But don’t listen to me.. fuck, I didn’t even go to college so I’m just going on what I’ve read in USA Today.
if I can keep what I pay into it, and not get any SS in the future, I would most certainly be down. Privatization FTW
I would be ecstatic. I’m contributing to a fund I will never see a dime from. It’s total bullshit.

Democrats want to take your 401k and allow the SS administration to control it. Chance are that’s what will happen too… so many jobs lost if SS goes away.

United States of Socialism.
People under 35 are not getting anything back from Social Security WHETHER THEY PAY INTO IT OR NOT. It’s not sustainable. The obligation is just too big as it is. It will collapse under its own weight not too long from now.

We’ll ship their corpses to Canada. You can use them for heating fuel in the winter.
once the SS fund runs out, whose pockets will the govt put their hands in next?

you’re probably right, the age would need to be closer to 20. As in, if you;re under 20 stop paying SS, and you will get no SS. Over 20, continue paying, continue recieving (much less than you paid)

Or convert them to bio-fuel

in on this

problem is that they need our money to pay for the old farts now

SS even tells you the date that they will have no money left on their website

fuck that
I’m sure it’s been said, but social security is a pyramid scheme. the bottom has to grow faster than the top grows or it falls apart.

im honestly hoping for this. No offense to 35 yr olds who have paid in for 20 years, but this program needs to go. Unfortunately, the upcoming 8 years of socialism to come will most likely waste a fortune trying to revive it.

god I hope you’re trolling. pretty sad if you aren’t.

which part? ~35% of everything i say on OT is trolling.

You’re plan is brilliant!

it’s getting harder and harder to separate people’s real beliefs from trolling
Like others have said, we’ll never see it anyway … I’d preferably like to stop paying for it as soon as possible.
SS works fine just as long as the govt doesn’t dip its hands into the SS fund to "borrow" money which it will never pay back

it’ll be the heat death of OT, eventually we’ll all be mugatu

fuck. even Mugatu’s been worst than usual over the past week.

that about sums it up for me

I’m no fiduciary genius, but I’ve gotta be able to do better than the guys that are running it right now.

Don’t worry bro, we won’t be here past 12/12/2012. If there are survivors, I think our reptilian overloads will have a more sound retirement system than a pyramid scheme.

This is my feeling as well, I could care less about the details.
I would love it…

…I’ve also paid like a grand total of $10 into SS so far in my life so I guess I shouldn’t care.

I’ve looked into different things that I could do in my life that don’t involve paying into SS.
I’d fucking shit my pants with glee if I got this letter in the mail.
SS is a fucking joke.

Age of 65 used to be the life expectancy back then
the best solution I’ve heard to fix social security is to raise the age of eligibility.

yeah, exactly

everybody is jumping on the hate liberals, hate obama bandwagon

even I’m doing it.

you’re contradicting yourself. "SS works well when the govt doesnt run it" Well the govt does run it, and they fuck up everything.

I hate liberals as much as I hate conservatives, but fuck do I like me some Obama.

the "socialism" bandwagon is getting really old though.

The truth will set you free

im not hating on obama, im putting my faith in him as president. Unfortunately, like i said, i do not think hes the type of pres/administration to eliminate SS as opposed to trying hard to revive it.
As long as I get back what I’ve paid in for the past 12 years, sure.

I know, I’m giving up saying that Obama is a centrist even though he is. Some people don’t want to believe that.

not gonna happen

Many of the things discusses really ARE steps in the socialist direction. I’m sorry you can’t understand what that means… but that’s probably why you like Obama in the first place.

Bingo. Let me at least keep what I put in.

old people are worse than 15-year-old baby mommas counting on welfare

I use to be like you, and then I was set free. I don’t want to go back to your cage.
interesting question. i’d have to think about it. and this actually might be better on on-topic

cut your loses; government is out of money
id definately much rather have the money and be able to invest it how i see fit for my retirement instead of having the gov’t mandate how long i have to work b4 i can retire and see my benefits.
I would honestly write-off every cent ive put into SS as a loss, if i did not have to contribute a dime from here on out.
If they would give me a 50% refund on what I’ve paid in… I’d be on board.

nah, obama really won’t be able to fix everything.

werd

If you didn’t save in addition to SS, you deserve to lose it.

You know what is a HUGE step towards socialism, AIG getting an additional 40 billion in bailout money (after the already 110 billion that has been given) and the government owning 40% of the company.

sorry but Bush and his crew have been more socialist than Obama will ever let himself be.

America, fuck yeah!

it is, but in theory, thats a temporary solution meant to curb a disaster scenario. Spending billions/trillions to prop up worthless social programs decade after decade is more along socialistic thinking IMO.

Fucking
Of course not.

I have been paying SS from age 13 to age 24 and I will never see one damn penny of it. Fuck those mooching old people hanging around now with no plan.

It’s really not the same as SS

It’s a patch on an industry that would have turned disastrous for everyone.

bush = socialistic…sure
more than obama will ever be….lets not get out of hand.

if the govt didnt have access to the SS trust fund acct, then we’d have a lot of money in there and we wouldn’t have to worry about the govt paying back (which they wont unless they raise taxes, etc.) all the money they have "borrowed" from the SS

an industry that will now be dependent on the government forever
All i’d have to do is divert the SS tax I’m gettig now + my company matched money into 401k and I never see less money, why not?

nice lockbox, gore

I understand but thats the govt, they take it from anywhere they can get it, and they will always be that way.

you would probably see more in 20 years of retirement than you would if you received SS for 100 years of retirement

agreed. if the govt weren’t able to touch it though, the current SS plan works

I agree

isn’t that the way capitalism works?

wasn’t AIG suppose to fail?

companies were bailed out to protect US citizens from a collapsed economy. Was it necessary? no, a free market should be allowed to function on its own. Was it necessary to protect our current lifestyles? yes.
You mean would I like 15.3% of my salary to go into my own savings portfolio rather than being pissed away on people who didn’t earn it?

In. because I supposedly won’t see the shit anyway while I’m paying for it… being only 24, I get fuck’d regardless

where do I sign the petition?

I guess that’s the way america is suppose to be

alittle socialist and alittle capitalist

neither one of us happy
This would create a HUGE surplus for the gov’t. You do know that extending the retirement age 2 years would fix the SS problem.

It’s hugely debatable but I would rather work an extra 2 years than not have SS/medicaid if I was poor at that age.

you shouldn’t be poor at that age to begin with. SS benefits are not to be counted on as the sole means of living

patch job.

that might fix the problem for now but at what point are people just not receiving benfits from this program they’ve been contributing to their entire life because they’re dying before they can retire?

Your right. But that doesn’t keep people from being poor at that age. Unfortunately. But… also. Look at the situation American’s are in now. 401k’s have been raped for many. yes, it’s their fault for having so much of their portfolio’s in the market but does that mean they were stupid? No. Ignorant? yes. There are a lot of factors to look at when talking about almost a billion people. In all… the reason for social security has been greatly demenished in the last 20 yrs but it’s still usefull.

I don’t agree with people who come to america, get their citizenship, work for .. what .. 1 yr… whatever the requirement for SS is and then pull SS for the rest of their life. Also, I don’t agree with the SSI program and the healthcare industry as far as ‘mental’ patients go. They are still giving out SSI benifits for DEPRESSION! WTF

Just needs to be patched for the baby boom generation. After that we’ll see a decline in SS. By 2020 8% more of the older population will be drawing on SS which is what we are looking at now. (8% is huge) After the baby boom, 2035~ we’re talking about a smaller population pulling SS.

SS is inherently flawed. If I work for 50 years and contribute to SS the entire time, then die at 65, I get none of that money back. yet someone who made a fraction of my salary and contributed for only 30 years may live to 80 and recieve 15 years worth of SS.

Thats why personal retirement plans are much better, it allows one put aside what they’re comfortable with, and pass it along to family if they dont make it.

Wait, you want to give ignorant people money, but have a problem with benefits going to people affected by a condition which is recognized by the medical community?

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