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Hey tell me what you think about my way of fixing social security?
04-08-2014, 02:13 AM
Post: #1
Hey tell me what you think about my way of fixing social security?
The market even through its slow times has proven to double your money every ten years for example if i had 20,000 10 years it would be 40,000 then ten years 80,000 and so on. What if the goverment made a mandate that each individual to take out a loan of 70,000 dollars setting the retirement age at 50 years old. This loan would have no interest. This loan you would not be able to touch until you reach the age of retirement. it would cost 116.00 month and you pay for it the day you are born. Parents obviously would be required to pay for there new born until the reach the age of majority. The concerns know are.... How do we pay for people who are on welfare and cant afford it things of that such. Simple in a provision people who die that money goes right back to the goverment (the people who die before 50 retirement age) Unless it has situation like when a mother dies a father gets or draws off of social security. That to would be payed for by for example a 38 year old who
die. At age 50 you should be able to retire with around 2-4 million
no reason to be mean if you dont like say so thats cool with me its just an idea
sorry i wasnt detailed enough you wouldnt get your choice in stock it would be a broad range of stocks like the 401 k set up of say Trowprice and stuff like that
here is how we would pay for it or goverment pay for takeing out the loans each person would be taxed an aditional 116$ out of there checks once a month or split it in two i dot care 58$ and in turn that goverment takes that money and gives it back to the banks. Paying off its loans.
angel i agree with you but you know (even though i am a democrat) the democrats will not forget the free hand out people and let them be accountable on there own. They never have

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04-08-2014, 02:15 AM
Post: #2
 
The only way that we can fix it is to increase taxes on the rich.

Because as it now stands the poor and middle class pays the majority of taxes.

When I hear people say things about free handouts, they forget to acknowledge that the poor and middle class pay the MOST in taxes.

So there funding there own programs.

The government should increase taxes on the rich and not the poor and middle class.

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04-08-2014, 02:17 AM
Post: #3
 
Hey--Your thinking and that is a lot more than most.

But--there are 300 million americans---giving each one 70,000 dollars would pretty much balloon the deficit so high it would destroy the economy.---and ruin the stock market by making stocks rise higher than the companies are worth.

But your right in the point that investing in the stock market for retirement is a lot better than pouring it into social security---BLACK HOLE!
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04-08-2014, 02:33 AM
Post: #4
 
LOL I put my money retirement in the market in the 1980's and stared a saving Account. Made more money in the saving account then on the market. No way. Let SS a lone for these that have no money. You play the stock market your playing the odds and your not smarter then the ones who what to take your money. What goes up does come down.
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04-08-2014, 02:35 AM
Post: #5
 
Your plan makes no sense to me.
I will stick with my diversified portfolio.
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04-08-2014, 02:49 AM
Post: #6
 
Your comment that the market has proven to double every ten years does not refer to each stock, only the market as a whole. Several companies that had stock have failed and their stock is worthless now.

To require a government loan is not in the interest of the people.
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04-08-2014, 02:52 AM
Post: #7
 
Interesting concept. It could be brought up as an option. I think Bush has suggested Individual Retirement Accounts in leu of paying all your money to social security. The people who can't or don't pay should not get full benefits if they did not pay into them,...that is my opionion.
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04-08-2014, 03:03 AM
Post: #8
 
Unfortunately your plan leaves a lot of bases uncovered. It simply wouldn't work.
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04-08-2014, 03:08 AM
Post: #9
 
that's fine right now. but .whats it going to be like in 40 years.what value is the dollar then.have you seen gas prices. i like the concept.if this could be applied then no one would have to work ever. hey your not one of those lazy types,lol .
the concept is good if it can be Drawn from .... the work itself other wise nothing would be worth anything and there will then be no need for money.i can see how you would ask this so i've answered in length.
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04-08-2014, 03:14 AM
Post: #10
 
Personally I think the average American already has too much debt and certainly wouldn't benefit from another loan to pay off. The best way to fix Social Security would be to get rid of it altogether and let me keep my own damn money.
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