How do you guys feel about this social security problem going on lately? I hear they might cut funding for it. If so I imagine many of the elderly and people on disability will be out of luck.
I agree, and it's sad. The people who are smartest with their money will lose everything they put into the system. This is what makes people frustrated with the government handling these programs. Not that I'm against giving people in need money, but shouldn't there be some kind of benefit to being responsible with my savings?Geemont said:Sooner or later, means testing will come to Social Security. It HAS to happen.
The government can't afford to pay out to everyone without in increase in revenue. The very poor will probably get something, but I fully expect to receive little to no benefits when I retire. I make and safe too much money; I'll be able (barring economic collapse) to fund my retirement on my own. Sure, getting something back for what I paid in would be nice, but I think that's wishful thinking. Unless there is tidal shift in the way Americans think about tax, Social Security is in for a big change.
The end result, I think, will be more elderly forced into moving in with their grown children as they're unable to afford independent living on they're personal savings and meager benefits. Or maybe death camps for the old and poor.
GE is only one of many corporations that do not pay taxes because of all the loopholes available to them. If the corporations paid their fair share of taxes, social security would be in fine shape and we wouldn't have this huge deficit.geoffthomas said:Point:
Something is wrong when General Electric pays not one dime in taxes.
And admits they are very profitable.
And admits that they are using the "legal" loopholes that allow them to not support the government.
Bad deal here.
I SAW A WELFARE QUEEN WITH FIFTEEN KIDS EATING LOBSTER AND DRIVING AROUND IN A BRAND NEW CADILLAC ON MY DOLLAR!!! END ALL ENTITLEMENT PROGRAMS!Erica Sloane said:That was a pretty wild account, until I got to the part where you said "fictional kid." You ran into "dozens of people" like that "every single time" you left your house? Where was this?