Text 4742, 35 rader
Skriven 2010-02-06 05:24:34 av Bob Ackley (1:300/3)
   Kommentar till text 4589 av Robert Bashe (2:2448/44)
Ärende: Perception
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Replying to a message of Robert Bashe to Dale Shipp:

 DS>> I receive social security payments because I paid into the
 DS>> SS fund and earned the right to receive them. That makes
 DS>> it an entitlement. It is not welfare.

 RB> Very true. Social Security is an entitlement, because you
 RB> are entitled to it. But it is not welfare, because you only
 RB> get what you paid for.

That second sentence is arguable.  One draws out all of the money one
pays in to Socialist Security (plus the theoretical interest paid on those
"contributions") in three to five years.  After that point is reached one
is getting *more* than what one paid for - and Joe Taxpayer is footing
the bill; AFAIK most recipients of Socialist Security draw benefits for 
far longer than five years.

 RB> My stance is that anyone who does not apply for a government
 RB> benefit he's entitled to is a fool. Only a fool rejects
 RB> money that's thrust in his face.

I did exactly what the laws required me to do.

I wish I had had an alternative investment.  In the nine years I worked for my
last full-time employer I managed to build up an IRA of just shy of $30K; that
was the only employer I ever had that offered an IRA, and I was limited to
contributing 5% of my gross income to it (Socialist Security takes 15.5%,
and the "contributions" are not optional or voluntary).  My supervisor at that
company had well over $300K in his IRA - and he's at least ten years younger
than I am.  The best thing about the IRA is that it doesn't go away if/when
someone dies, the money becomes part of the dead person's estate, Socialist
Security just stops.

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 * Origin: Bob's Boneyard, Emerson, Iowa (1:300/3)