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We might not have enough people
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JRsec Offline
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Post: #21
RE: We might not have enough people
(02-07-2019 11:16 AM)49RFootballNow Wrote:  I'm all for leftists not breeding.

They don't. The problem is the billions of the uneducated, unskilled masses that believe the crap they put out. So the agenda of leftists is to always play to the fears and hopes of the ignorant and punish the middle class to take care of the check.

The trick is to isolate the left, and to educate and teach skills to the poor. When they start working for themselves they will soon resent getting heavily taxed to pay for those who chose not to work or learn.
02-08-2019 05:21 PM
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stinkfist Online
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Post: #22
RE: We might not have enough people
(02-07-2019 05:26 PM)Captain Bearcat Wrote:  
(02-05-2019 02:27 PM)Niner National Wrote:  
(02-05-2019 11:38 AM)banker Wrote:  Muslims will breed themselves to power.

I think poor, dumb people in general will breed themselves to power.




Correction: Mormons and conservative Catholics will breed themselves to power.

Power requires both education and numbers. In the Islamic world, the educated people aren't having many kids either.

03-lmfao03-lmfao03-lmfao

hence, line 1b)

#darwinappr0ves
(This post was last modified: 02-08-2019 07:45 PM by stinkfist.)
02-08-2019 07:35 PM
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stinkfist Online
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Post: #23
RE: We might not have enough people
(02-08-2019 05:17 PM)JRsec Wrote:  
(02-05-2019 03:00 PM)BadgerMJ Wrote:  
(02-05-2019 02:53 PM)Ohio Poly Wrote:  Enough people for what?

Kicking into social security?

Unfortunately that's the way the social welfare systems works. You need younger people to pay for and take care of older folks.

Not enough young and eventually the system breaks down.

Google the last census and then tell me how and why the 13.1% of the population that is older than 65 can't be sustained. It's one of those talking point red herrings.

w/o muh google, I'm going with bs pharma rape, 0care, and peter robbin' hood paul to pay that piper....

if I see one more g'dammed geriatric commercial, I'm gonna hum a $19 mouse through my 56''....

I can't figure out muh targeting the ones with cabbage and 'patches'....

$#billydevane

/sarc
(This post was last modified: 02-08-2019 07:44 PM by stinkfist.)
02-08-2019 07:43 PM
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GeminiCoog Online
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Post: #24
RE: We might not have enough people
(02-05-2019 09:33 AM)ECUGrad07 Wrote:  We'll have "people farms" soon enough. That ought to supplement things. Only catch, they will be brown, gender neutral pansies.

People farms. For production of, say, soylent green?

[Image: giphy.gif]
02-08-2019 11:56 PM
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Post: #25
RE: We might not have enough people
(02-05-2019 03:00 PM)BadgerMJ Wrote:  
(02-05-2019 02:53 PM)Ohio Poly Wrote:  Enough people for what?

Kicking into social security?

Unfortunately that's the way the social welfare systems works. You need younger people to pay for and take care of older folks.

Not enough young and eventually the system breaks down.

Yes, Social Security. The greatest pyramid (or Ponzi) scheme ever perpetrated in the history of civilization.
02-09-2019 12:01 AM
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JRsec Offline
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Post: #26
RE: We might not have enough people
(02-09-2019 12:01 AM)GeminiCoog Wrote:  
(02-05-2019 03:00 PM)BadgerMJ Wrote:  
(02-05-2019 02:53 PM)Ohio Poly Wrote:  Enough people for what?

Kicking into social security?

Unfortunately that's the way the social welfare systems works. You need younger people to pay for and take care of older folks.

Not enough young and eventually the system breaks down.

Yes, Social Security. The greatest pyramid (or Ponzi) scheme ever perpetrated in the history of civilization.

It was not a Ponzi scheme when it was started. It was a Federally mandated savings plan that guaranteed the government wouldn't raid the fund. So it worked like a savings plan with interest compounded. Under LBJ and after the Kennedy assassination amendments were passed that allowed the Federal Government to borrow against it. After that all bets were off.

The same thing is going on today at the State level. Pension funds are being raided by greedy politicians buying votes. It's nothing but bureaucratic bank robbing.
02-09-2019 01:03 AM
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GeminiCoog Online
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Post: #27
RE: We might not have enough people
(02-09-2019 01:03 AM)JRsec Wrote:  
(02-09-2019 12:01 AM)GeminiCoog Wrote:  
(02-05-2019 03:00 PM)BadgerMJ Wrote:  
(02-05-2019 02:53 PM)Ohio Poly Wrote:  Enough people for what?

Kicking into social security?

Unfortunately that's the way the social welfare systems works. You need younger people to pay for and take care of older folks.

Not enough young and eventually the system breaks down.

Yes, Social Security. The greatest pyramid (or Ponzi) scheme ever perpetrated in the history of civilization.

It was not a Ponzi scheme when it was started. It was a Federally mandated savings plan that guaranteed the government wouldn't raid the fund. So it worked like a savings plan with interest compounded. Under LBJ and after the Kennedy assassination amendments were passed that allowed the Federal Government to borrow against it. After that all bets were off.

The same thing is going on today at the State level. Pension funds are being raided by greedy politicians buying votes. It's nothing but bureaucratic bank robbing.

Social Security started out as a way to get votes anyway by promising people a way to get money after they retired. It's giving people an excuse to not actually save for their retirement years. We need a private retirement fund. Plain and simple.
02-09-2019 02:23 AM
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Post: #28
RE: We might not have enough people
(02-09-2019 02:23 AM)GeminiCoog Wrote:  
(02-09-2019 01:03 AM)JRsec Wrote:  
(02-09-2019 12:01 AM)GeminiCoog Wrote:  
(02-05-2019 03:00 PM)BadgerMJ Wrote:  
(02-05-2019 02:53 PM)Ohio Poly Wrote:  Enough people for what?

Kicking into social security?

Unfortunately that's the way the social welfare systems works. You need younger people to pay for and take care of older folks.

Not enough young and eventually the system breaks down.

Yes, Social Security. The greatest pyramid (or Ponzi) scheme ever perpetrated in the history of civilization.

It was not a Ponzi scheme when it was started. It was a Federally mandated savings plan that guaranteed the government wouldn't raid the fund. So it worked like a savings plan with interest compounded. Under LBJ and after the Kennedy assassination amendments were passed that allowed the Federal Government to borrow against it. After that all bets were off.

The same thing is going on today at the State level. Pension funds are being raided by greedy politicians buying votes. It's nothing but bureaucratic bank robbing.

Social Security started out as a way to get votes anyway by promising people a way to get money after they retired. It's giving people an excuse to not actually save for their retirement years. We need a private retirement fund. Plain and simple.

Actually it started out as a way to keep old people from starving to death during the great depression as their kids didn't have any money either. But of course, it was a bit of a Ponzi scheme as the early people didn't pay for what they got out of it.
02-09-2019 02:28 AM
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Post: #29
RE: We might not have enough people
(02-09-2019 02:28 AM)bullet Wrote:  
(02-09-2019 02:23 AM)GeminiCoog Wrote:  
(02-09-2019 01:03 AM)JRsec Wrote:  
(02-09-2019 12:01 AM)GeminiCoog Wrote:  
(02-05-2019 03:00 PM)BadgerMJ Wrote:  Kicking into social security?

Unfortunately that's the way the social welfare systems works. You need younger people to pay for and take care of older folks.

Not enough young and eventually the system breaks down.

Yes, Social Security. The greatest pyramid (or Ponzi) scheme ever perpetrated in the history of civilization.

It was not a Ponzi scheme when it was started. It was a Federally mandated savings plan that guaranteed the government wouldn't raid the fund. So it worked like a savings plan with interest compounded. Under LBJ and after the Kennedy assassination amendments were passed that allowed the Federal Government to borrow against it. After that all bets were off.

The same thing is going on today at the State level. Pension funds are being raided by greedy politicians buying votes. It's nothing but bureaucratic bank robbing.

Social Security started out as a way to get votes anyway by promising people a way to get money after they retired. It's giving people an excuse to not actually save for their retirement years. We need a private retirement fund. Plain and simple.

Actually it started out as a way to keep old people from starving to death during the great depression as their kids didn't have any money either. But of course, it was a bit of a Ponzi scheme as the early people didn't pay for what they got out of it.

Well Bullet, I've paid more into it than I will ever get out of it. People in 1930's American didn't live much past 60. So it wasn't intended to be anything but a supplement for their final years. BTW: In the 30's a nickel would buy you a hamburger, or a sack of potatoes. By the 1960's a hamburger at McDonalds was 15 cents, french fries were a dime, and a coke was a dime. If you were in the country you might still find a filling station with an old Coke machine that had just a lever and you could get the 6 and half ounce bottle for a nickel.

When a McDonald's regular hamburger costs you .90 cents all that is is inflation. Heck the first bowl game I went to we passed a Krystal's and got a bag of 20 for $1.

SSI was never meant for inflationary times. The Federal Reserve is responsible for inflation. It's how we lost control of our government once the Silver Standard was dropped. In 1963 when Kennedy was shot the national debt was 205 million dollars. When Johnson came in and the actions of the FED forced the Federal Coinage Act of 1965 which removed us from the Silver Standard and resulted in the removal of silver from our coins (for a variety of nefarious reasons) inflation took hold. Here we are 56 years later and we have a debt of 21 Trillion.

That explains how a 2100 sq ft brick home went from 15,000 in 1966 to 175,000 depending upon neighborhood today. My father's first brand new car cost him just under $800. My first brand new car cost me $5,400 (and was worth every dime). My daughter's first new car cost me $23,000 and wasn't half the car that my first one was in size, engine capacity, quality, or performance. Her car today would be closer to $40,000.

It's no small wonder that 5's have pinkish hue, 20's are green, 50's are bluish, and 100's have a yellow tint. If they ever make 1's look white I'll know for sure we are playing life with monopoly money and it's worth just about as much.
02-09-2019 02:52 AM
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Post: #30
RE: We might not have enough people
Social Security is solvent today, but the trust fund is decreasing because more is being paid out in benefits that is coming in in taxes. This is being driven by three factors: 1) people are living longer, so benefits are increasing; 2) related, with the large baby boom hutting retirement age, the demographics are such that we now have far fewer wage earners per beneficiary than when the program was conceived; and 3) the SS funds are invested in government securities that yield a very low ROI, so the invested trust funds grows very slowly over time. As a result, CBO estimates that the trust fund will be depleted by around 2030 and that in 75 years the shortfall could be as much as 1.75% of GDP, requiring a massive reduction in benefits to remain solvent. The Social Security Administration projects the depletion to come later, around 2038, and the 75-year shortfall to be smaller, 1.02% of GDP, but I'll go with the CBO projection.

Here's what I'd do with Social Security:
1) Legally recognize that it is in fact a trust fund and that SS contributions do create a contractual right to be paid benefits; this would overturn a court ruling in Flemming v. Nestor (1960) and commits the government to something more than a Ponzi scheme; I think a statute would be sufficient as the SCt did not really decide the case on constitutional grounds; this should be very popular with existing SS recipients, because it means that SS benefits cannot be taken away
2) Based upon 1), make SS benefits non-taxable; this impacts us later
3) Remove the earnings cap on taxable wages; the SS tax is the most regressive tax we have because of the cap (per CBO, this reduces the 75-year shortfall by 0.59% of GDP and pushes the trust fund exhaustion date by about a decade to 2039 based on a 10-year phase-in, or longer if the phase-in is faster).
4) Gradually increase the full retirement age (FRA), 1 month per year (so 66 years for people born in 1953, 66 years and one month for people born in 1954, and so forth), until it reaches 70 in 48 years; this gradually adjusts for the fact that life expectancies are far longer now than when the program was conceived; depending how life expectancy progresses, further adjustment may be necessary in the future (per CBO, this reduces the 75-year shortfall by 0.40% of GDP)
5) Put a kink point in the calculation of benefits, so that initial benefits at the higher end are reduced; this can be done in part because those with benefits at the higher end made more money in their lifetimes and therefore presumably have more retirement income from other sources, and therefore the tax exemption will give them more money than the slowing of inflation growth will cost them (this reduces the 75-year shortfall by 0.48% of GDP, per CBO).

These policies would reduce the expected 75-year shortfall by about 1.47%, turning the shortfall into a 0.45% of GDP surplus per the SSA projections and reducing it to 0.28% of GDP per the CBO projections. The go broke date for the fund was also extended out a decade or more, giving much more time to address the issue. With the long-term projections indicating solvency, borrowing to cover a short-term cash crunch would also be possible.

Now, I'll get a bit more radical. The key factor to me is the low ROI of invested SS trust funds. Here is what I would propose. The federal government has a number of functions that could be fully supported by user fees, and that some or many other governments have privatized. Suppose those were transferred to the SS trust fund, and set up as enterprises to earn a 5% ROI. I'm talking about things like the post office, the interstate highway system (which would become a national toll road system), TSA and air traffic control system, TVA and the western water and power authorities, and such. The transactions could be treated as paying off debt owed by the federal government to the SS trust fund, and the income could go to grow the trust fund balance much more quickly. These enterprises could then borrow funds against their asset values as needed.

Then I would do like Sweden and add a privatized component, basically a super 401k for each person. Initially the private portion could purchase stock in those user-fee-supported enterprises listed above, giving the trust fund cash to pay benefits. Say up to $100,000 per individual trust account would be invested in this way. Then up to a second $100,000 per individual trust account could be invested in very safe funds--something like a DJI index fund. Then above $200,000 per individual could be directed by the individual. This would have an added benefit in that each citizen would then own a piece of capital investment in the country. There is probably nothing that would do more faster to reduce wealth inequality than this.
02-09-2019 09:54 AM
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Post: #31
RE: We might not have enough people
(02-09-2019 02:52 AM)JRsec Wrote:  
(02-09-2019 02:28 AM)bullet Wrote:  
(02-09-2019 02:23 AM)GeminiCoog Wrote:  
(02-09-2019 01:03 AM)JRsec Wrote:  
(02-09-2019 12:01 AM)GeminiCoog Wrote:  Yes, Social Security. The greatest pyramid (or Ponzi) scheme ever perpetrated in the history of civilization.

It was not a Ponzi scheme when it was started. It was a Federally mandated savings plan that guaranteed the government wouldn't raid the fund. So it worked like a savings plan with interest compounded. Under LBJ and after the Kennedy assassination amendments were passed that allowed the Federal Government to borrow against it. After that all bets were off.

The same thing is going on today at the State level. Pension funds are being raided by greedy politicians buying votes. It's nothing but bureaucratic bank robbing.

Social Security started out as a way to get votes anyway by promising people a way to get money after they retired. It's giving people an excuse to not actually save for their retirement years. We need a private retirement fund. Plain and simple.

Actually it started out as a way to keep old people from starving to death during the great depression as their kids didn't have any money either. But of course, it was a bit of a Ponzi scheme as the early people didn't pay for what they got out of it.

Well Bullet, I've paid more into it than I will ever get out of it. People in 1930's American didn't live much past 60. So it wasn't intended to be anything but a supplement for their final years. BTW: In the 30's a nickel would buy you a hamburger, or a sack of potatoes. By the 1960's a hamburger at McDonalds was 15 cents, french fries were a dime, and a coke was a dime. If you were in the country you might still find a filling station with an old Coke machine that had just a lever and you could get the 6 and half ounce bottle for a nickel.

When a McDonald's regular hamburger costs you .90 cents all that is is inflation. Heck the first bowl game I went to we passed a Krystal's and got a bag of 20 for $1.

SSI was never meant for inflationary times. The Federal Reserve is responsible for inflation. It's how we lost control of our government once the Silver Standard was dropped. In 1963 when Kennedy was shot the national debt was 205 million dollars. When Johnson came in and the actions of the FED forced the Federal Coinage Act of 1965 which removed us from the Silver Standard and resulted in the removal of silver from our coins (for a variety of nefarious reasons) inflation took hold. Here we are 56 years later and we have a debt of 21 Trillion.

That explains how a 2100 sq ft brick home went from 15,000 in 1966 to 175,000 depending upon neighborhood today. My father's first brand new car cost him just under $800. My first brand new car cost me $5,400 (and was worth every dime). My daughter's first new car cost me $23,000 and wasn't half the car that my first one was in size, engine capacity, quality, or performance. Her car today would be closer to $40,000.

It's no small wonder that 5's have pinkish hue, 20's are green, 50's are bluish, and 100's have a yellow tint. If they ever make 1's look white I'll know for sure we are playing life with monopoly money and it's worth just about as much.

LBJ decided to pay for the Vietnam War through inflation. One way to avoid war is to make the government pay for it through means other than inflation.
02-09-2019 10:19 AM
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Post: #32
RE: We might not have enough people
Some good ideas on fixing it, but it IS insolvent.

Social Security has more obligations than it can pay. You don't have to run out of money in the next year to be insolvent. The only question is how long before it can no longer meet those obligations.

Its not hard to fix if they deal with it now. If they wait another 10-15 years, it will be a real problem.
02-09-2019 10:23 AM
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Post: #33
RE: We might not have enough people
(02-05-2019 09:30 AM)Lord Stanley Wrote:  Have we learned nothing from the inability of scientist to accurately predict the future of............... anything?

You could just stop there. Scientist give an opinion or theory. Normal people keep some of these things on there mind and use common sense to use caution. Only the loons take it as a certain outcome, then they go apeshit.
02-09-2019 10:32 AM
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Post: #34
RE: We might not have enough people
(02-09-2019 10:19 AM)bullet Wrote:  
(02-09-2019 02:52 AM)JRsec Wrote:  
(02-09-2019 02:28 AM)bullet Wrote:  
(02-09-2019 02:23 AM)GeminiCoog Wrote:  
(02-09-2019 01:03 AM)JRsec Wrote:  It was not a Ponzi scheme when it was started. It was a Federally mandated savings plan that guaranteed the government wouldn't raid the fund. So it worked like a savings plan with interest compounded. Under LBJ and after the Kennedy assassination amendments were passed that allowed the Federal Government to borrow against it. After that all bets were off.

The same thing is going on today at the State level. Pension funds are being raided by greedy politicians buying votes. It's nothing but bureaucratic bank robbing.

Social Security started out as a way to get votes anyway by promising people a way to get money after they retired. It's giving people an excuse to not actually save for their retirement years. We need a private retirement fund. Plain and simple.

Actually it started out as a way to keep old people from starving to death during the great depression as their kids didn't have any money either. But of course, it was a bit of a Ponzi scheme as the early people didn't pay for what they got out of it.

Well Bullet, I've paid more into it than I will ever get out of it. People in 1930's American didn't live much past 60. So it wasn't intended to be anything but a supplement for their final years. BTW: In the 30's a nickel would buy you a hamburger, or a sack of potatoes. By the 1960's a hamburger at McDonalds was 15 cents, french fries were a dime, and a coke was a dime. If you were in the country you might still find a filling station with an old Coke machine that had just a lever and you could get the 6 and half ounce bottle for a nickel.

When a McDonald's regular hamburger costs you .90 cents all that is is inflation. Heck the first bowl game I went to we passed a Krystal's and got a bag of 20 for $1.

SSI was never meant for inflationary times. The Federal Reserve is responsible for inflation. It's how we lost control of our government once the Silver Standard was dropped. In 1963 when Kennedy was shot the national debt was 205 million dollars. When Johnson came in and the actions of the FED forced the Federal Coinage Act of 1965 which removed us from the Silver Standard and resulted in the removal of silver from our coins (for a variety of nefarious reasons) inflation took hold. Here we are 56 years later and we have a debt of 21 Trillion.

That explains how a 2100 sq ft brick home went from 15,000 in 1966 to 175,000 depending upon neighborhood today. My father's first brand new car cost him just under $800. My first brand new car cost me $5,400 (and was worth every dime). My daughter's first new car cost me $23,000 and wasn't half the car that my first one was in size, engine capacity, quality, or performance. Her car today would be closer to $40,000.

It's no small wonder that 5's have pinkish hue, 20's are green, 50's are bluish, and 100's have a yellow tint. If they ever make 1's look white I'll know for sure we are playing life with monopoly money and it's worth just about as much.

LBJ decided to pay for the Vietnam War through inflation. One way to avoid war is to make the government pay for it through means other than inflation.

Right tool wrong user. The Federal Reserve was backed by most of the US arms dealers, foreign and local banks, and other corporate interests. By 1962 Robert Kennedy had tagged the FED backers as the main pro Viet Nam lobby group in Washington. The FED itself, like most banks, actually make more money off of inflation because it increases the cost of product purchased, their interest rates, and the collateral values.

RFK saw three ways in which the FED was making money off of the government and wanted to put an end to the government's association with them.

LBJ was heavily backed by the FED. There's your tool that the FED used to increase their power and wealth and our national debt at the same time.
02-09-2019 11:28 AM
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