Retirement Targets

Cyhig

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Are you not describing what we currently have just with a fixed amount instead of differing amounts based on what you paid into the system? I would be fine with what you are suggesting, but I am sure people making larger amounts would like to have their SS adjusted to that amount.

According to my statement, I will be getting pretax right around $1600 a month. It's not like I am rolling in 5 grand a month here.
Sure - it’s a tax. But participants amounts won’t vary from person to person. $1600 per month seems like a fair stipend for 2023. But some will receive far more and some far less. Why? Each participant should receive the same amount as everyone else
 

SEIOWA CLONE

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Sure - it’s a tax. But participants amounts won’t vary from person to person. $1600 per month seems like a fair stipend for 2023. But some will receive far more and some far less. Why? Each participant should receive the same amount as everyone else
Because they paid more or less into the system. I guess I wonder why you get so bent out of shape about it being a tax or not. No one cares what it's called as long as it gets the job done.
 

Cyhig

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Because they paid more or less into the system. I guess I wonder why you get so bent out of shape about it being a tax or not. No one cares what it's called as long as it gets the job done.
But it’s really a tax. People pay taxes to fund many, many programs to benefit a certain population group. Higher paid people will pay more taxes. Yet they won’t benefit from the vast majority of the programs

Look at it this way, everyone contributes towards Medicare/Medicaid. Higher paid people contribute more to this fund. But when they turn 65 and are eligible to receive benefits from the program, a higher paid individual doesn’t receive a cheaper coverage option. Everyone receives the same coverage options.

Social security should be treated the same.
 

SEIOWA CLONE

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But it’s really a tax. People pay taxes to fund many, many programs to benefit a certain population group. Higher paid people will pay more taxes. Yet they won’t benefit from the vast majority of the programs

Look at it this way, everyone contributes towards Medicare/Medicaid. Higher paid people contribute more to this fund. But when they turn 65 and are eligible to receive benefits from the program, a higher paid individual doesn’t receive a cheaper coverage option. Everyone receives the same coverage options.

Social security should be treated the same.
So, do you think the wealthy people should receive more from Medicare or should the poor receive less? Look I am fine with everyone receiving the same amount of SS each month, just like they do with Medicare, but I suspect those making more are going to do a lot of ******** about it.
 

Cyhig

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So, do you think the wealthy people should receive more from Medicare or should the poor receive less? Look I am fine with everyone receiving the same amount of SS each month, just like they do with Medicare, but I suspect those making more are going to do a lot of ******** about it.
They should receive the same coverage as everyone else. Just like they should receive the same monthly retirement stipend as everyone else. It’s a tax after all
 

Cyhig

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Yep.....just first-hand accounts. I don't care whether you believe me or not.
I mean anyone can write anything. It doesn’t make it true.

Data is truth. Show me data. I provided data illustrating my claim was correct.
 
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Mr.G.Spot

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I mean anyone can write anything. It doesn’t make it true.

Data is truth. Show me data. I provided data illustrating my claim was correct.
Really, I didn't know that anybody can write anything. Great revelation. My conversations and hard data on spreadsheets and fianacials are actual. Like I said, don’t believe me. That is ok and is your prerogative. I welcome you to present your data to the employees, board members, external.auditors of the above companies. You would get laughed out of the room.
 

Cyhig

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Really, I didn't know that anybody can write anything. Great revelation. My conversations and hard data on spreadsheets and fianacials are actual. Like I said, don’t believe me. That is ok and is your prerogative. I welcome you to present your data to the employees, board members, external.auditors of the above companies. You would get laughed out of the room.
I welcome you to present your data to a national board. You’ll get laughed out of the room as it’s clearly not representative of the population base

I mean such national data is available. I found it for you. Still waiting for your actual data
 

Mr.G.Spot

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I welcome you to present your data to a national board. You’ll get laughed out of the room as it’s clearly not representative of the population base

I mean such national data is available. I found it for you. Still waiting for your actual data
What is a national board?
 

Mr.G.Spot

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I have the same question about your data
Private message me and let's meet up. I would review on-on-one. I have said this many times - let's meet and take the masks off. Nobody had ever taken me up. I would love to have you sidekick with me for 60-90 days. Unrealistic, I know, but it would be fun.
 
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Cyhig

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S
Private message me and let's meet up. I would review on-on-one. I have said this many times - let's meet and take the masks off. Nobody had ever taken me up. I would love to have you sidekick with me for 60-90 days. Unrealistic, I know, but it would be fun.
So your data isn’t validated by your peers. I only care about validated data.
 
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SEIOWA CLONE

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They should receive the same coverage as everyone else. Just like they should receive the same monthly retirement stipend as everyone else. It’s a tax after all
Since its a tax do you think Warren Buffet uses his Medicare card when he gets a physical? What program do you think he signed up for as his supplement?
 

Cyhig

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Since its a tax do you think Warren Buffet uses his Medicare card when he gets a physical? What program do you think he signed up for as his supplement?
I’m sure Warren uses Medicare. He is treated the same as anyone else. He can add supplemental coverage just the same as anyone else.

Hence why SS should function the same way. Everyone gets the same amount. People could supplement their own retirement by investing into their own private retirement account. But the government base amount is the same universally
 

BCClone

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Not exactly sure.
They log the 6.2% as a payroll tax expense. Every company I work for doesn’t factor SS with a COL increase. Why would they? It’s a fixed percent.

Most companies will increase annual wages 2-4%. Lately that’s been below inflation rates.
If they aren’t calculating it as a cost, then mgmt is screwing up big time. If you increase wages 2% then that cost is that 2% plus another 7-8% of that percentage. Mgmt then can compare increasing wage more or other benefits that don’t hit you with a fica increase, work comp and unemployment increases.
 

BCClone

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Not exactly sure.
I’m sure Warren uses Medicare. He is treated the same as anyone else. He can add supplemental coverage just the same as anyone else.

Hence why SS should function the same way. Everyone gets the same amount. People could supplement their own retirement by investing into their own private retirement account. But the government base amount is the same universally
The ultra wealthy don’t screw with Medicare. They can get more things done, and much quicker, when they write the check themselves.
 
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TitanClone

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Yes - a modest 3% interest. Government uses your money to invest in their own securities.

How is this not a Ponzi scheme?
I mean by the literal definition it is. We pay money now that goes to others and in return others pay money that goes to us. The key is we know how it works, it's not some hidden scheme Jordan Belfort is playing on us.