Why do so many people support social security? It's a scam

[Dr. Bullets]

That supposes that the massive debt does not derail everything. Hard to fund SS if the dollar loses status or is inflated into meaninglessness (Zimbabwe as a example).
View attachment 292461

That's a different thing. You are arguing that the value of the dollar isn't worth as much. But the 6.2% + 6.2% is just passed straight to old people. What it's value will be is a different thing.

 

[Chispas]

That supposes that the massive debt does not derail everything. Hard to fund SS if the dollar loses status or is inflated into meaninglessness (Zimbabwe as a example).
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Sorry but that’s an absurd comparison give the size of both countries economies.More tax cuts won’t help the massive debt nor further military spending on obsolete weapons systems.

 

[McKravitts]

Not exactly sure what his excuse is or was. I'm of the opinion that he's milking the system to at least some extent. I take a dim view, so it's good that I'm 200 miles away and can stay out of the family drama.

There are 4 different types of Leukemia, some are very deadly, some go into remission. I don't think it's possible to fake it.

 

[D71]

Basically, this for Financial Vampires.....
Banksters explained with FEDERAL RESERVE and how it was supposed to crash and rise crash and rise but it has been propped up for a long time. It is actually illegal for the way it is done but hey.... they love us. Right? SCHEME.

This was posted 11 years ago

GoldSilver

Welcome to GoldSilver - Your Trusted Global Leader in Precious Metals Investing Join Mike Maloney, bestselling author and precious metals expert, alongside sound money expert, Alan Hibbard as they make precious metals investing easy to understand. Our channel features exclusive market insights...

www.youtube.com

"""""""

Article I Legislative Branch​

• Section 10 Powers Denied States​

  • Clause 1 Proscribed Powers
  • No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.
  • """""""
  • 
    
    
    https://constitution.congress.gov/browse/article-1/section-10/

 

[Will Prowse]

Basically, this for Financial Vampires.....
Banksters explained with FEDERAL RESERVE and how it was supposed to crash and rise crash and rise but it has been propped up for a long time. It is actually illegal for the way it is done but hey.... they love us. Right? SCHEME.

This was posted 11 years ago

GoldSilver

Welcome to GoldSilver - Your Trusted Global Leader in Precious Metals Investing Join Mike Maloney, bestselling author and precious metals expert, alongside sound money expert, Alan Hibbard as they make precious metals investing easy to understand. Our channel features exclusive market insights...

www.youtube.com

"""""""

Article I Legislative Branch​

• Section 10 Powers Denied States​

  • Clause 1 Proscribed Powers
  • No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.
  • """""""
  • 
    
    
    https://constitution.congress.gov/browse/article-1/section-10/

This guy gets it

 

[Daddy Tanuki]

We agree on a great many things, it's just that your bedside manner can be a little rough.

yeah I could never figure out that Hawk Tua thing.... so its au natural....

 

[Coydon]

The majority of the country has deemed that is the best answer vs homelessness or euthanasia.

I wonder if the transactional ethics of such 'caring' platitudes could have anything to do with the general alienation and heartlessness that becomes the dominant, widespread emergent quality in such societies...?

 

[Mort Blort]

It's robbing people of their hard earned money. First off, you're not getting the same value dollar that you put in. Adjusted for inflation, the real purchasing power of your social security deposits is reduced by the time you get it. Next, the cash accounts that hold social security deposits, are being devalued as we expand the money supply. Considering our deficit, supporting this program is not looking so good. Next, it is a Ponzi scheme by definition. It assumes that our workforce will be large enough and efficient enough to create enough GDP to run the program. If we have a population collapse or lack of immigration, the program would collapse.

Technically if you adjust for inflation it has already collapsed. Especially if you calculate CPI like we did in the '80s. Social security is screwing everybody financially.

Last point is that we used to not count social security as federal revenue. Now we do. We use this money to bomb other countries. We use it for running military bases overseas and other things we did not vote for.

Why do people think the government is responsible for people's financial decisions? When did Americans become so weak and pathetic that they need daddy government to make a piggy bank for them. I don't understand. I think it's so childish and pathetic that it shouldnt even exist in America.

Lovely thought, Will, but I've been paying into SS since my first job as dishwasher at a sad little restaurant 48 years ago. I agree with some of your points, especially the way the government borrows from SS to fund current operations, but I'm getting ready to retire. It was the deal. I didn't love it for what will be 49 years that I paid in and got nothing back. But it's the deal; if you want to modify it for your generation, go ahead, but I'm kinda thinking you should consider those of us who spent our whole lives with the current deal.

 

[Coydon]

It's not their vote it's their money. Money buys ads and ads buy votes. But then again elon didn't do so well in wisconsin. 20 million spent and his guy lost and elons popularity dropped.

It's been my experience that people who bring up this 'problem' seem to always be pushing for a game of whack-a-mole trying to 'keep money out of politics', while deflecting attention away from the observation that we have such a large contingency of tumbleweed-brained idiots with no sense of guiding principles in the pool of voters who seem to have a Pavlovian response to media fads.

 

[Coydon]

Lovely thought, Will, but I've been paying into SS since my first job as dishwasher at a sad little restaurant 48 years ago. I agree with some of your points, especially the way the government borrows from SS to fund current operations, but I'm getting ready to retire. It was the deal. I didn't love it for what will be 49 years that I paid in and got nothing back. But it's the deal; if you want to modify it for your generation, go ahead, but I'm kinda thinking you should consider those of us who spent our whole lives with the current deal.

Many people regard deals to be agreements arrived at by mutual consent of the participants. Do you view them differently, or what is it you think people like Will consented to 48 years ago?

 

[cs1234]

Many people regard deals to be agreements arrived at by mutual consent of the participants. Do you view them differently, or what is it you think people like Will consented to 48 years ago?

If we're going to complain about being automatically put into systems that started 48 years ago and not getting to opt in or out, we might want to consider how unfair it is start a game of monopoly that somebody has already won. Some people are born already crossing home plate with the ball way out in left field, and others are given a plastic silly straw instead of a bat to hit the ball with.

 

[Farm Boy]

Call my brainwashed, Call my ignorant, say its a communist plan. I paid, it's the law. I supported your grandma, grandpa, your neighbor down the street living on disability smoking pot all his life. I had no choice in the matter. I started paying in at age 16, the last thing on my mind was bitching about it. Life is not all about what you don't want to do. Trying to convince others to think as you do even with facts to favor your thought just don't fly with every one.

 

[teal95]

At some point it's going to end. Why not do it gradually and under some control instead of just waiting to go off the cliff?

 

[DPC]

Why do people think the government is responsible for people's financial decisions? When did Americans become so weak and pathetic that they need daddy government to make a piggy bank for them. I don't understand. I think it's so childish and pathetic that it shouldnt even exist in America.

From the cradle of North American socialism.
The great province of Saskatchewan....

Home | Personal & Business Pension Plans | Saskatchewan Pension Plan

A defined contribution pension plan available to Canadians with RRSP room. Individual & company pension plans available

www.saskpension.com

It always makes money...
Its fully funded....
It will never take your money and run away to the Caymen Islands....

The Son of the Sask pension plan the Canada pension plan...
CPP....
Also fully funded and achieves better rates of return than many private for profit plans because its not skimming the pot for the benefits of Bay street and Wall street banksters..

Canada Pension Plan - Canada.ca

The Canada Pension Plan (CPP) is a social insurance plan that is funded by the contributions of employees, employers and self-employed people as well as the revenue earned on CPP investments.

www.canada.ca

OAS.
This is our version of your your socials security.
Its fully funded and not pay as you go..
It will never run out of money like that mess you have...

Old Age Security - Canada.ca

Old Age Security (OAS) provides monthly payments to seniors who are 65 years or older, are or were Canadian citizens or legal residents, and have resided in Canada for the required number of years.

www.canada.ca

When you elect the right people, when they hire qualified people to run these programs and wen you fund them through taxes at the level they need.
It works...

 

[DPC]

Houses are four times as much than 40 years ago. Did you get 4 times as much in your disbursements?

No but Wall street sure did.
tax them for a while see if you can balance the books

 

[Will Prowse]

No but Wall street sure did.
tax them for a while see if you can balance the books

Taxation won't fix our problems. Even if you tax 100% on everyone, wouldn't create stronger economy.

The federal government consumes too much money. And they print money through bond issuance. That's the main problem. We shouldn't be paying any taxes at all on income.

 

[Will Prowse]

No but Wall street sure did.
tax them for a while see if you can balance the books

Why is everyone in America obsessed with blaming the rich people. we get to choose whether or not we buy something. For example why do the hippies buy iPhones and other Apple products, and then they say that they are anti-capitalist. If they actually cared they wouldn't be funding the billionaires. Same with all the hippies that work at whole fooda. They effectively work for Amazon.

 

[Will Prowse]

If people were intelligent with economics, we would be focused on raising people out of poverty instead of supporting them there with inefficient programs robbing hard working people, allowing people to have actual consent over their dollars, creating a currency that holds its value over time instead of putting it into endless tax deferred investment accounts that the corporations gobble up for free, and abolishing taxes entirely. What you want is high money velocity. And currency value.

Thinking the taxes will somehow fix these issues is wild to me. Look at the deficit. Look at how much money they print. Taxation is not the answer and it will never be the answer. There should be no taxes for anyone.

I do see the argument for breaking up monopolies. That's one thing I can't really argue against. Lots of really good examples of that in history.

With our current system our government supports corporations to get stupid rich. And then people think taxation will fix this? So the very thing that you guys dislike, you want to give it more money with taxes? Haha

 

[Will Prowse]

As I mentioned in my videos these tariffs are making other countries realize that they don't need us. Everyone's argument is that we are the reserved currency and that we have the largest consumer market. The rest of the world could become that very easily.

 

[DPC]

Why is everyone in America obsessed with blaming the rich people. we get to choose whether or not we buy something. For example why do the hippies buy iPhones and other Apple products, and then they say that they are anti-capitalist. If they actually cared they wouldn't be funding the billionaires. Same with all the hippies that work at whole fooda. They effectively work for Amazon.

Its not blame Will.
Its called tax.

Taxes are not a dirty word.
Taxes make the word a safer cleaner more sustainable place by providing stable finding for all the public needs than have to be done, that are not done by the private sector.

I know you had a rough go of things in the past.
But with success comes the responsibility for those less fortunate.

 

[DPC]

As I mentioned in my videos these tariffs are making other countries realize that they don't need us.

Yes they are re ordering the world.
But no we all need each other.

 

[Dr. Bullets]

Why is everyone in America obsessed with blaming the rich people.

Why is everyone obsessed with protecting the rich? I think they have enough lawyers/PR/paid-politicians that they don't need working class stiffs to add to the cause.

 

[DPC]

If people were intelligent with economics, we would be focused on raising people out of poverty instead of supporting them there with inefficient programs robbing hard working people, allowing people to have actual consent over their dollars, creating a currency that holds its value over time instead of putting it into endless tax deferred investment accounts that the corporations gobble up for free, and abolishing taxes entirely. What you want is high money velocity. And currency value.

Because the power of the state to make money work FOR all people.
Free enterprise is not in it for everyone, just Capital itself.

All men are equal or they are not...
You decide.

why are we in such a mess?
We lost the way..



Its time to get back to basics and where the free market fails, government that truly reflects the needs and values of society step in and get it done..
this requires faith in government institutions, politicians and the machinery of the state.
And the State much respect the people and support communities individuals and main street..

Now its time to watch the markets crater again later fellows....

 

[McKravitts]

It's been my experience that people who bring up this 'problem' seem to always be pushing for a game of whack-a-mole trying to 'keep money out of politics', while deflecting attention away from the observation that we have such a large contingency of tumbleweed-brained idiots with no sense of guiding principles in the pool of voters who seem to have a Pavlovian response to media fads.

Yeah and look at the treasury bond yields and inflation for the last few decades. It's literally taking your moneys purchasing power directly. You think those bond yields are what you want to frame your argument around?

Few rich people? We have millions of rich people. What are they doing wrong? You cant judge someone for how much money they have. When I was broke and homeless I always gave equal respect to all. The eat the rich argument is pretty ignorant. I'm not working for free and I work more than my friends, I also have never tried alcohol, I take care of my health so I'm not a detriment to others, what's wrong with that? I work like crazy to help others, and you think rich people are to blame for societies problems?

I didn't say all rich people, I said a few filthy rich, and it was in reference to one problem.

 

[McKravitts]

It's been my experience that people who bring up this 'problem' seem to always be pushing for a game of whack-a-mole trying to 'keep money out of politics', while deflecting attention away from the observation that we have such a large contingency of tumbleweed-brained idiots with no sense of guiding principles in the pool of voters who seem to have a Pavlovian response to media fads.

That's interesting because it's been my experience that people don't see this as a problem always are pushing for a game of whack-a-mole trying to keep money in politics; while deflecting attention away from the observation that we have a large contingency of idiots with no sense of guiding principles in the pool of voters who only get their information from radical right or left leaning news, pod cast, forums etc.