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Started By
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re: 56% of GOP voters want govt to pay more in monthly SS benefits/medicare
Posted on 5/16/24 at 2:24 am to Frostynips1
Posted on 5/16/24 at 2:24 am to Frostynips1
quote:
You’re the one asking for hand outs
No. I’m not. I’m mocking those that think SS taxes is “their money”. Try to keep up. This post was edited on 5/16/24 at 7:11 am
1
Posted on 5/16/24 at 2:26 am to Taxing Authority
Maybe i misunderstood but it sounded like you wanted the government to build you a road. On your ranch.
Posted on 5/16/24 at 2:27 am to Frostynips1
quote:Would you be fine converting the rest of your investments into long term bonds at a 1.35% annual rate of return?
I’ll be just fine with the taxes I have to pay
Posted on 5/16/24 at 2:28 am to NC_Tigah
I’ve accepted that that’s the price of admission for the country I live in you should too. I’m making out just fine here I’m not sure if I would somewhere else.
Posted on 5/16/24 at 2:33 am to Taxing Authority
quote:Not quite, but you're correct about inability to survive cost-of-carry escalations. We'd be at fiscal dominance if a failed auction drove borrow costs toward that point.
We’re at fiscal dominance.
Posted on 5/16/24 at 2:38 am to Frostynips1
quote:The "price of admission" is fiscal incompetence and insolvent socialism?
I’ve accepted that that’s the price of admission
You really aren't processing this discussion, are you?
Posted on 5/16/24 at 2:40 am to NC_Tigah
I am are you? I just accept it.
Posted on 5/16/24 at 2:52 am to Frostynips1
quote:You accept socialism and societal insolvency? Well, good for you I guess.
I just accept it.
It will suck for your descendants though. Perhaps you can sit them on your knee one day when you're old and gray, and tell them how things were in the "good ole days" before you "just accepted it."
This post was edited on 5/16/24 at 2:53 am
Posted on 5/16/24 at 3:02 am to NC_Tigah
(no message)
This post was edited on 5/16/24 at 3:22 am
Posted on 5/16/24 at 3:29 am to Frostynips1
quote:12.4%
I don’t think my descendants will be worried about 6.2% of their income
quote:First, my payroll exposure is nowhere near 6.2%. Perhaps yours is, and that is the basis of your "acceptance." Second, as I pointed out, you aren't processing the discussion, but the SS fix, when it eventually comes, will have nothing to do with your wishes or "acceptances." Your 12.4% will bump up to 15% (or to 7.5% from 6.2%, if you're naive enough to think that way), and your SS low-interest loan to Uncle Sam will be fixed.
If you are unhappy with that 6.2% then you can always leave.
Posted on 5/16/24 at 3:39 am to NC_Tigah
I’m not going to keep doing this I don’t own my own business and I can leave. Maybe you can’t but I’m happy with my situation. I hope you can be too one day. I’m not naive or don’t understand I’m just happy with what I’ve got.
Posted on 5/16/24 at 4:21 am to Frostynips1
quote:You keep trying to personalize an impersonal topic. SS doesn't give a rat's arse about whether you're happy or not. SS is solely about Uncle Sam's happiness.
Maybe you can’t but I’m happy with my situation.
Since you keep hinting at a ridiculous comparison of your happy "situation" with that of others here though, and since you did not pick up on the payroll tax hint I tossed your way, I'll clarify further. My "situation" is extremely good.
Saying I'd be personally unaffected by any of this SS stuff, or the receipt or non-receipt of SS checks, is an understatement. When I post on economic topics, and certainly on SS, it has far less to do with me, than it does with ensuring an environment which will allow you or others a similar path to success.
"Just accepting" sociaistic incompetence won't get it done.
Posted on 5/16/24 at 5:46 am to beerJeep
quote:
A democracy will continue to exist until the time the voters realize they can vote themselves generous gifts from the public treasury.
Close
The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.
Posted on 5/16/24 at 7:10 am to Frostynips1
quote:Do their benefits go up with the added “contributions?”.
Removing the cap fixes social security for the foreseeable future.
Its fascinating to watch the same people thst say “the government can’t change the rules of SS” and “it’s my money, i paid iin, I should get my money back” ….
Turn around and say.. “we should change the rules so people pay in a bunch of money they will never get back”
Posted on 5/16/24 at 7:16 am to NC_Tigah
quote:Maybe we have a different working definition of “fiscal dominance”. If we have a failed auction, it’s over for us.
We'd be at fiscal dominance if a failed auction drove borrow costs toward that point.
The working definition I’m using is where the central bank cannot raise rates ro an appropriate level because doing so would cause the government debt service to be impossible. So they have to choose default or default by inflation.
This post was edited on 5/16/24 at 7:22 am
Posted on 5/16/24 at 7:19 am to Frostynips1
quote:I cannot imagine thinking this as a parent.. We are dooming them to generations of unnecessary suffering and lack of opportunity because we refuse our own personal responsibilities.
I just accept it.
We paid the “price of admission” to a terrible future.
Posted on 5/16/24 at 7:21 am to HailHailtoMichigan!
So the govt seizes your money, holds and grows it for decades, then wants to give you a portion of that back and you are opposed to that “spending”
Posted on 5/16/24 at 7:40 am to BuckyCheese
quote:
SS payments have not kept up with inflation at all the past few years.
That is what happens when you change the formula each year to announce big increases right before elections and throttle them back in nonelection years.
Posted on 5/16/24 at 7:41 am to Taxing Authority
quote:An economy enters fiscal dominance when monetary policy ceases to be an effective tool for controlling inflation. We aren't quite there yet. The Fed still has a little room to maneuver itr.
Maybe we have a different working definition of “fiscal dominance”
Posted on 5/16/24 at 7:48 am to Frostynips1
quote:
So you think you’ve never received a benefit from your taxes? I mean I hate taxes as much as anyone but I am well aware of at least some things my tax dollars do.
Taxes have been a net negative for me.
What's your point here? That I should be OK getting screwed over because I get to drive on the shitty interstate?
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