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re: 56% of GOP voters want govt to pay more in monthly SS benefits/medicare

Posted on 5/15/24 at 9:34 pm to
Posted by Bass Tiger
Member since Oct 2014
46560 posts
Posted on 5/15/24 at 9:34 pm to
quote:

No it's not an entitlement. You are working under the impression that people have not paid in.

They have, it's their money. And that ends it.

I have already proven that people living longer is a BS argument. I posted per 100K the deaths of people that have paid in for 25 years plus and never collected a dime of that because the died before retirement.

You literally have no argument.


I quit trying to explain to these people who believe SS and Medicare are failing because the benefit payout is too exorbitant.

Millions of married couples have worked +45 years, with total earnings of $3-4 million, 15.3% of that total earnings was placed into a SS and Medicare "trust fund." That's $500-600k.

If a couple could have taken that money, invested it and made a 5-6% return annually, which is a very conservative growth rate when compared to the historical return of the stock market of nearly 9-10%. You're talking about many millions of Boomer couples having well over $1.5 million to use for their own private insurance and retirement needs.

Posted by BCreed1
Alabama
Member since Jan 2024
1382 posts
Posted on 5/15/24 at 9:41 pm to
quote:

I quit trying to explain to these people who believe SS and Medicare are failing because the benefit payout is too exorbitant.


It's amazing how many people can not separate welfare and SS and try to equate the 2.

And you notice, they totally ignored the death ratio of people who have paid in 25 plus years and the died before retirement.

Posted by Taxing Authority
Houston
Member since Feb 2010
57452 posts
Posted on 5/16/24 at 1:54 am to
quote:

If a couple could have taken that money, invested it and made a 5-6% return annually, which is a very conservative growth rate when compared to the historical return of the stock market of nearly 9-10%. You're talking about many millions of Boomer couples having well over $1.5 million to use for their own private insurance and retirement needs.
Tep. People got robbed on both ends, but still think the government is going “refund their taxes”. It one of the greatest mass delusions in history.
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