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Discussion in 'The Okie Corral' started by certifiedfunds, Apr 26, 2013.
"resources that are owned socially.."
"..some analysts have tried to put a dollar figure on our social wealth"
Rex Nutting, you are an idiot.
Social programs that are nothing more than a promise for future payment an asset???
Can I call JG Wentworth and get a lump sum on that today??? I'll even pull the opera thing if it helps.
Lemme go thru my lifetime of W2 forms and check, but I've always considered them my liabilities.
Scary that there is a large contingency of voters who actually believe this stuff.
Nevermind that the consolation of having social security when one retires is what allows so many people to put themselves in the financial position shown in the article.
it truly is an evil program
Any socialism, in whatever form or degree is evil..
Not a chance CF.'08.
A roughly $1600 a month check when I am an old enough to "retire" (if the program is still afloat then) versus the roughly 500-800k I would likely have if that money was invested over the same working period? I don't think that qualifies as an asset for me.
Yeah, but don't you know that we have to make sure that the people not smart enough to do that have SOMETHING when they retire?
Who is this "we" you speak of?
I hear ya but you're wrong.
I didn't earn enough or invest enough to retire with your "500-800k" windfall so I DESERVE some of your share.
That's why S.S. and Medicare will remain in place as long as the printing presses have electricity to power them.
Medicare is part of Social Security. I haven't worked in the US enough to pay enough quarters into SS to qualify for SS benefits which includes Medicare part A. Part A Medicare can be bought separately, which makes health insurance and health care cheaper but I'm trying to figure out how to pay into SS enough additional quarters to qualify for benefits including Medicare part A.
Can I borrow against my SS and Medicare "assets" like I can my 401k? That would be nice. Oh, I'll pay it back. *Wink*
Oh yeah man, get you some of that good stuff!
Now, now, now, in thread after thread the GT boomer neocon braintrust (GTBNB) has told us that they're only collecting their own money back.
Notice home equity is by far the largest asset for most retirees proving real estate is the best investment.
SS and Medicare; the numbers just do not add up and the author must know this.
The author of that article is clearly a total moron.
I doubt he knows much of anything about anything at all.
I don't think it really shows that at all. It's simply the only investment the average American is disciplined enough to make consistently so that they don't lose shelter.
it also doesn't show the expenses associated with home ownership, nor the opportunity cost on that money.
I figure buying my house saved me a great deal of money. Instead of putting $9k down on a $41k house in 1/80 and taking a conventional 30-year mortgage at 12.75%, I could have kept renting and plowed my cash into silver at $49.45/oz.
That's what people were saying through the late '70s and into 1980, "BUY SILVER."