tag:blogger.com,1999:blog-11250715.post111056626200716845..comments2024-03-26T09:25:02.198-04:00Comments on Hey Jenny Slater.: We must destroy this village to give the appearance of saving it while not actually saving it, and in fact destroying it.Astronaut Mike Dexterhttp://www.blogger.com/profile/01498197770701096363noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-11250715.post-1111172043360243902005-03-18T13:54:00.000-05:002005-03-18T13:54:00.000-05:00- Just ask a Galveston County retiree if they woul...- Just ask a Galveston County retiree if they would rather be on SS. No exaggeration that some employees' benefit checks are larger than their last paycheck.<BR/>- So a Dem started SS and other Dems bastardized it? I'll buy that.<BR/>- Any Chilean that paid in gets a return.<BR/>- Private accounts are a part of the beneficiaries estate and can be passed on. Not so with SS.<BR/>- A welfare state is OK? Income distribution is OK? I guess communism is OK to the hmmmer. The only thing good about it is that it makes capitalism look that much better.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11250715.post-1110978370655564092005-03-16T08:06:00.000-05:002005-03-16T08:06:00.000-05:00Read a bit more of that report by Cato Institute o...Read a bit more of that report by Cato Institute on private accounts for Galveston, etc. and you realize that yes, they opt out of SS but all they are providing is still a pension program similar to that which many big corporations provide, which usually do outperform SS. HMMMJOB exaggerates what the workers receive (they are getting payout on an annuity they buy from their funds invested in five predefined options). It is equivalent to a full salary if you work/save for 40 years. But then, comparison to SS is comparing apples to oranges - SS is not just a pension, but so much more - supplemental insurance, disability, etc. Higher income wager earners subsidize lower (lower earners, around 30k/y, get about 70% of their income after a full work life; higher earners, 65k, get 26%.) - it is somewhat of a welfare state, and in many ways, this is desirable. Taking money from SS for private pension investments does not solve SS's problems!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11250715.post-1110920520916510922005-03-15T16:02:00.000-05:002005-03-15T16:02:00.000-05:00One at a time:> Wow. I didn't know the Bush privat...One at a time:<BR/><BR/>> Wow. I didn't know the Bush privatization plan would prolong the lives of African-American males. I may have to rethink my opposition.<BR/><BR/>> As I understand it, Bush's privatization plan doesn't allow for accumulated benefits to be passed on to one's heirs, either.<BR/><BR/>> "All that changed thanks to the Dems"? Social Security wouldn't <I>exist</I> if not for the Dems, and I hardly think a phase-out is the way to make it better.<BR/><BR/>> Chile's wonderful changes have resulted in at least half of the country's workers getting no retirement whatsoever.<BR/><BR/>> Whoopee for Galveston County.Astronaut Mike Dexterhttps://www.blogger.com/profile/01498197770701096363noreply@blogger.comtag:blogger.com,1999:blog-11250715.post-1110896056101113082005-03-15T09:14:00.000-05:002005-03-15T09:14:00.000-05:00Since you admit that you know little about the SS ...Since you admit that you know little about the SS system, here are a few other facts that you might want to consider:<BR/> - SS is racially biased against blacks. Their shorter lifespan, especially black males, means they will not live to enjoy the benefits of their lifelong contributions. White women gain the most.<BR/> - SS defeats any generational wealth development possibilities. No accumulated benefits may be passed on to your progeny.<BR/> - Today's SS is not FDR's SS. In the beginning SS was not to exceed 1% of your income, or taxed. All that changed thanks to the dems.<BR/> - Chile's SS system was based on our system and they bit the bullet and made changes to save their system - including private accounts. Likewise, Sweden.<BR/> - Galveston County Texas employees opted out of SS and their retirees now receive benefit checks larger than their last paychecks!Anonymousnoreply@blogger.com