Article

2015-06-01 Economy

How to use Social Security to fix retirement inequality

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Posted by Besoeker 2015-06-01 02:17|| || Front Page|| [11125 views ] Top

#1 Now the late comers to the Ponzi scheme are figuring out that the GIVERnment did not invest their money over the last 30+ years but instead gave it out directly to someone else.

Posted by Airandee 2015-06-01 06:38|| 2015-06-01 06:38|| Front Page Top

#2 Just one problem: Middle- and lower-income households often do not earn enough to save meaningful amounts due to decades of stagnant wage growth, job insecurity and the rising costs of housing and healthcare.

Caused by government policies, compromised institutions, micro-central management through regulation and earlier attempts at redistribution. So, the clown's solution is - ready - more government. YJCMTSU

Posted by Procopius2k 2015-06-01 07:34|| 2015-06-01 07:34|| Front Page Top

#3 When asked how he felt about swindling people, noted card-sharp Riverboat Slim replied "Suckers aren't supposed to keep money..."

Posted by M. Murcek 2015-06-01 07:58|| 2015-06-01 07:58|| Front Page Top

#4 Choices. Consequences. Arrgghhh!!!

As newlyweds, on one barely minimum wage full-time and one part-time income ( a while ago, to be sure) we had a car - older, paid-for and unsured, health insurance - catastrophic only, and still saved money. No tattoos, no tv (never mind cable), no eating out (well, we did go to McDonald's once on their roll back price night), and no bar bills. Now retirement beckons and they who chose differently will make me pay. I feel so used. And foolish.

Posted by Glenmore 2015-06-01 08:00|| 2015-06-01 08:00|| Front Page Top

#5 Glenmore, I'm right there with you. We ate much mac-&-cheese but we always paid our bills, barely. Worked hard saved what we could. Now after a wise/lucky move into computers after Jimmuh tanked the construction industry and carpentry became a non-income endeavor I'm retired and will be able to survive on my savings and SS. There was a lot of sacraficing of luxuries for the last 35 years to allow that.

I'm disgusted by the lack of sacrifice in society today. It is as Insty points out; subsidising the markers of the middle class, houses, phones, cars, college, etc., doesn't make a middle class. That is determined by values of gratification delay, hard work and independence.

Posted by AlanC 2015-06-01 08:15|| 2015-06-01 08:15|| Front Page Top

#6 The era of "Feeling Good About Yourself" created upon the sacrificial alter of hard work, perseverance, self denial, and thrift. Everyone gets a (faux) gold star.

Posted by Procopius2k 2015-06-01 08:21|| 2015-06-01 08:21|| Front Page Top

#7 I worked damn hard for my retirement and contributed to SS steadily for 30-40 years.
Now they give it to illegal aliens and people who haven't contributed a dime.
Next up I suppose they will want to "more equally distribute" my 401k, IRA, and investments. It's not mentioned in the article but I'm sure they're drooling over the prospect. Collectively it's a big pile of money. Just think of the votes it can buy!

Posted by CrazyFool 2015-06-01 08:36|| 2015-06-01 08:36|| Front Page Top

#8 I hear cries of MORE, MORE,and think ,WHY ,WHY,

Posted by Redneck Jim 2015-06-01 10:00|| 2015-06-01 10:00|| Front Page Top

#9 It's an old tale, but still appropriate.

Posted by Mullah Richard 2015-06-01 15:25|| 2015-06-01 15:25|| Front Page Top

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