Raise taxes on younger workers to support SS benefits

15,652 Views | 262 Replies | Last: 2 days ago by P.H. Dexippus
Teslag
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Rubicante said:

It's the golden boomer rule.

"As long as me and mine get ours, everyone else can go to hell!"


The GenZ golden rule

From each according to his ability…
Rubicante
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Teslag said:

Rubicante said:

It's the golden boomer rule.

"As long as me and mine get ours, everyone else can go to hell!"


The GenZ golden rule

From each according to his ability…


…to each according to his age.
Science Denier
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Signel said:

Boomers (like my parents) who don't contribute to the economy much anymore, want more money. Meanwhile, I'm told I'll never see a dime that I put in as GenX.

Why does this seem like the largest Ponzi Scheme in the history of the world?

1. It is
2. Doesn't matter
3. Boomers didn't have a choice to pay for it
4. America has to give the service boomers already paid for
5. Those that fund America have to pay for America's expenses. SS was already paid for by those receiving the service.
6. Or just refund everyone's money with interest compounded. I've been giving for 40+ years (back in HS).
LOL OLD
rab79
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Tell you what, take off the tax liability on my 401k and my ERS pension and you can have my SS benefits, deal?
AgDad121619
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When and if this goes away ( it won't), everybody currently in the system should get taxed SS rates for their entire career - particularly all you younger folks that expect me to donate my 40+ years of being taxed.

Only opt outs are the youngest folks who have never paid a penny. 10 years and younger when program is stopped. I mean all of you advocating for boomers and Gen X giving back all their money have to be more than willing to contribute your salary for the good of your children's and grandchildren's generation
Tea Party
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rab79 said:

Tell you what, take off the tax liability on my 401k and my ERS pension and you can have my SS benefits, deal?

Rather than ask for something in return, I will gladly give up my SS benefits if I could just stop contributing to it today. Huge win for big gov getting to keep several decades of my contributions as long as I can walk away from the obligation of future contributions to the ponzi scheme. Huge win for my kids and grandkids that hopefully are one step closer to being done with the monsterosity that is SS.

If dear big gov complains that they cant fund the current SS liabilities, they can find the funds in all the fraud they currently have in their current spending.
Learn about the Texas Nationalist Movement
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P.H. Dexippus
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Hey Claude, design a schedule based on age cohorts for phasing out social security that prioritizes preserving benefits for current retirees while allowing the program to remain financially solvent. You may eliminate benefits for those persons currently under the current age of 30. You may look at eliminating COLA, raising retirement ages of those not already retired, reducing fraud and other means of reducing program expenditures.

https://claude.ai/share/d666029c-eeca-4612-82c3-93de3e0a81b2

Seems doable. Add in the option to opt out of SS altogether and drastically raise Roth contribution cap, and it could be a political winner.
Gunny456
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Boomers didn't create the program… the government did. We were forced to pay into it. So I played by the rules since I went to work when I was 14. So for 51 years I paid into the system as required. And I'm sure on top of that I've paid more income tax and capital gains tax than some younger folks will make.
Wife and I got married with $125 in the bank … never inherited a dime. I've worked for everything I have and mommy and daddy didn't pay for me to go to TAMU and I had a 10 year old car while at TAM that I bought myself … and I lived through the draft and a war.
So don't slam me as a boomer while most of you lived off your parents money and had everything given to you your whole life. Including your new car mommy and daddy bought you to go to TAM.
Spare me how boomers are the anti-Christ and the cause for all your woes.
TAMU Wildlife and Fisheries Sciences

Boat racing is like a beautiful woman.......expensive, high maintenance, but well worth the fun!
AC Hopper
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Gunny456 said:

Boomers didn't create the program… the government did. We were forced to pay into it. So I played by the rules since I went to work when I was 14. So for 51 years I paid into the system as required. And I'm sure on top of that I've paid more income tax and capital gains tax than some younger folks will make.
Wife and I got married with $125 in the bank … never inherited a dime. I've worked for everything I have and mommy and daddy didn't pay for me to go to TAMU and I had a 10 year old car while at TAM that I bought myself … and I lived through the draft and a war.
So don't slam me as a boomer while most of you lived off your parents money and had everything given to you your whole life. Including your new car mommy and daddy bought you to go to TAM.
Spare me how boomers are the anti-Christ and the cause for all your woes.

Right on!
Pacifico
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rab79 said:

Tell you what, take off the tax liability on my 401k and my ERS pension and you can have my SS benefits, deal?

Gen Z is more interested in your 401K than your SS.
Over_ed
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Rubicante said:

Stymied said:

WestAustinAg said:

Ervin Burrell said:

Boomers, the most selfish and entitled generation of all time, are acting selfish and entitled? No way.

Bless your tiny stunted brainstem.

Older people getting a small portion of the money they put into the system arent the problem. At all.

SS should have been put into marketable securities and allowed to grow like the securities markets grow. Just that one change 10 or 20 or 30 years ago would have solved the entire problem. Libs didn't want it.

Except the older people getting the money are the ones that voted to allow SS to be stolen from... Stop trying to act like Boomers don't bear some of the responsibility here.


It's like how boomers came up with the idea of participation trophies, made participation trophies, and handed out participation trophies, then decades later blamed the ones they handed them to for participation trophies being a thing.

I hate when people quote "facts" that are wrong. Blame those on X.
Stymied
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Science Denier said:

Signel said:

Boomers (like my parents) who don't contribute to the economy much anymore, want more money. Meanwhile, I'm told I'll never see a dime that I put in as GenX.

Why does this seem like the largest Ponzi Scheme in the history of the world?

1. It is
2. Doesn't matter
3. Boomers didn't have a choice to pay for it
4. America has to give the service boomers already paid for Wrong...
5. Those that fund America have to pay for America's expenses. SS was already paid for by those receiving the service. Wrong...
6. Or just refund everyone's money with interest compounded. I've been giving for 40+ years (back in HS). It isn't there, and you know it. Your dead parents, relatives, and neighbors took it.

It's hilarious when this thread comes up every 2-3 months. A bunch of boomers or near boomers who claim to be conservative act all high and mighty that they are due what is owed to them.

SS is government redistribution. Always has been and always will be. If you were conservative you should have been against it back then and you should be against it now. It just so happens to be in your best interest now to keep the music going.

Don't get pissed off when younger conservatives call out your hypocrisy. You don't get to claim you are a small government conservative only when it fits your self interest.
Science Denier
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Stymied said:

Science Denier said:

Signel said:

Boomers (like my parents) who don't contribute to the economy much anymore, want more money. Meanwhile, I'm told I'll never see a dime that I put in as GenX.

Why does this seem like the largest Ponzi Scheme in the history of the world?

1. It is
2. Doesn't matter
3. Boomers didn't have a choice to pay for it
4. America has to give the service boomers already paid for Wrong...
5. Those that fund America have to pay for America's expenses. SS was already paid for by those receiving the service. Wrong...
6. Or just refund everyone's money with interest compounded. I've been giving for 40+ years (back in HS). It isn't there, and you know it. Your dead parents, relatives, and neighbors took it.


It's hilarious when this thread comes up every 2-3 months. A bunch of boomers or near boomers who claim to be conservative act all high and mighty that they are due what is owed to them.

SS is government redistribution. Always has been and always will be. If you were conservative you should have been against it back then and you should be against it now. It just so happens to be in your best interest now to keep the music going.

Don't get pissed off when younger conservatives call out your hypocrisy. You don't get to claim you are a small government conservative only when it fits your self interest.



When I buy a car, it's mine.
When I buy an insurance policy it's mine
When I buy SS, it's mine.

Some things are not hard.
LOL OLD
Rubicante
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Over_ed said:

Rubicante said:

Stymied said:

WestAustinAg said:

Ervin Burrell said:

Boomers, the most selfish and entitled generation of all time, are acting selfish and entitled? No way.

Bless your tiny stunted brainstem.

Older people getting a small portion of the money they put into the system arent the problem. At all.

SS should have been put into marketable securities and allowed to grow like the securities markets grow. Just that one change 10 or 20 or 30 years ago would have solved the entire problem. Libs didn't want it.

Except the older people getting the money are the ones that voted to allow SS to be stolen from... Stop trying to act like Boomers don't bear some of the responsibility here.


It's like how boomers came up with the idea of participation trophies, made participation trophies, and handed out participation trophies, then decades later blamed the ones they handed them to for participation trophies being a thing.

I hate when people quote "facts" that are wrong. Blame those on X.


You think the primary parents of Millennials were Gen X?
Stymied
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BTW... I don't expect SS to ever go away. The practical thing would be to adjust COLAs, retirement ages for younger people, and probably means testing.

That would also mean that I would never see a dime. SS is just another tax down the hole as far as I'm concerned and it has been for a very long time.
Over_ed
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FWTXAg said:

zephyr88 said:

Ervin Burrell said:

zephyr88 said:

Misdirected... the boomers didn't do anything other than take the draws they were promised.

The folks who failed you (and the rest of us) are the elected ass-hats in Washington.

Which generation is most responsible for electing said asshats? And which generation were most of said asshats a part of?

Well, I can assure you that the boomers that I know did not elect any of these Democrat liberal progressive folks


Modern Republicans have an equal hand in destroying the finances of this Country.

Republican Boomers voted for stupid social policies, foreign conflics, and their chosen welfare schemes. Exact same as the Democrat Boomers only different sides of the same coin.

Unless the Boomers you know are Ron Paul disciples and in that case I raise my glass to them and I hope they know there are lots of us who will carry on the torch to hopefully save this Country.

No disrespect, but pretty uninformed. Only for a few years did Boomers ever count for more than 1/3 of voters. Blaming policies on them is ignoring 2/3's to 3/4ths of the voters.
Stymied
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Science Denier said:

Stymied said:

Science Denier said:

Signel said:

Boomers (like my parents) who don't contribute to the economy much anymore, want more money. Meanwhile, I'm told I'll never see a dime that I put in as GenX.

Why does this seem like the largest Ponzi Scheme in the history of the world?

1. It is
2. Doesn't matter
3. Boomers didn't have a choice to pay for it
4. America has to give the service boomers already paid for Wrong...
5. Those that fund America have to pay for America's expenses. SS was already paid for by those receiving the service. Wrong...
6. Or just refund everyone's money with interest compounded. I've been giving for 40+ years (back in HS). It isn't there, and you know it. Your dead parents, relatives, and neighbors took it.


It's hilarious when this thread comes up every 2-3 months. A bunch of boomers or near boomers who claim to be conservative act all high and mighty that they are due what is owed to them.

SS is government redistribution. Always has been and always will be. If you were conservative you should have been against it back then and you should be against it now. It just so happens to be in your best interest now to keep the music going.

Don't get pissed off when younger conservatives call out your hypocrisy. You don't get to claim you are a small government conservative only when it fits your self interest.



When I buy a car, it's mine.
When I buy an insurance policy it's mine
When I buy SS, it's mine.

Some things are not hard.

Where did you "buy" SS?

The government taxed you.
A majority of your peers voted to use the funds for other things and now its going broke.
You want younger people to foot the bill.
You don't own anything.

By your logic, if you were a W2 employee, your former employers "own" half your SS.
Science Denier
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Stymied said:

Science Denier said:

Stymied said:

Science Denier said:

Signel said:

Boomers (like my parents) who don't contribute to the economy much anymore, want more money. Meanwhile, I'm told I'll never see a dime that I put in as GenX.

Why does this seem like the largest Ponzi Scheme in the history of the world?

1. It is
2. Doesn't matter
3. Boomers didn't have a choice to pay for it
4. America has to give the service boomers already paid for Wrong...
5. Those that fund America have to pay for America's expenses. SS was already paid for by those receiving the service. Wrong...
6. Or just refund everyone's money with interest compounded. I've been giving for 40+ years (back in HS). It isn't there, and you know it. Your dead parents, relatives, and neighbors took it.


It's hilarious when this thread comes up every 2-3 months. A bunch of boomers or near boomers who claim to be conservative act all high and mighty that they are due what is owed to them.

SS is government redistribution. Always has been and always will be. If you were conservative you should have been against it back then and you should be against it now. It just so happens to be in your best interest now to keep the music going.

Don't get pissed off when younger conservatives call out your hypocrisy. You don't get to claim you are a small government conservative only when it fits your self interest.



When I buy a car, it's mine.
When I buy an insurance policy it's mine
When I buy SS, it's mine.

Some things are not hard.

Where did you "buy" SS?

The government taxed you.
A majority of your peers voted to use the funds for other things and now its going broke.
You want younger people to foot the bill.
You don't own anything.



I get kids don't like SS. And I get that libs want to take others stuff.

If you want to stop paying older folks what you owe the, then Then buy out the debt you owe. Government spent too much on stuff. Fix that. It's the younger generation that eats tide pods and votes lib. We bought and paid for SS. It's not going anywhere unless you compensate for it.
LOL OLD
Stymied
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Science Denier said:



I get kids don't like SS. And I get that libs want to take others stuff.

If you want to stop paying older folks what you owe the, then Then buy out the debt you owe. Government spent too much on stuff. Fix that. It's the younger generation that eats tide pods and votes lib. We bought and paid for SS. It's not going anywhere unless you compensate for it.

1) I'm 45. I'm closer to retirement than a new worker. Don't give me the younger generation BS. I'm not a kid.
2) SS is never going away, at least while anyone over 55+ is alive. However, it has nothing to do with what is "owed" or what "debt is due".
3) You didn't buy and pay for anything. You paid for your parents and their neighbor's free ride.

I'm not under any delusion that SS is going away. As I said earlier, it should be adjusted for age, COLA, and benefits for younger people. However, I'm not going hesitate to call out the multiple hypocrites in this thread who want to act like conservatives... except for when it benefits them!

Your generation's hand are no less dirty than your parents or your kids. The fact that many on this thread practically gloat about their situation while acting like their generation didn't have a piece of this mess is what pisses most of the younger generation off.
ErnestEndeavor
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All other things equal, eliminating the SS salary cap would generate an additional $243 billion per year.
Aggie Spirit
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Nothing lowers the IQ of this board more than a generational blamestorming session.
FrioAg 00
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You do represent your generation accurately. The graph proves that.

carl spacklers hat
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Boomers strike again! Bunch of greedy asshats.
People think I'm an idiot or something, because all I do is cut lawns for a living.
Stymied
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ErnestEndeavor said:

All other things equal, eliminating the SS salary cap would generate an additional $243 billion per year.

I think it's bound to happen. And their won't be any increase in benefits to those who pay more.

So much for the "I bought it" argument!
MemphisAg1
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Stymied said:

Science Denier said:

Signel said:

Boomers (like my parents) who don't contribute to the economy much anymore, want more money. Meanwhile, I'm told I'll never see a dime that I put in as GenX.

Why does this seem like the largest Ponzi Scheme in the history of the world?

1. It is
2. Doesn't matter
3. Boomers didn't have a choice to pay for it
4. America has to give the service boomers already paid for Wrong...
5. Those that fund America have to pay for America's expenses. SS was already paid for by those receiving the service. Wrong...
6. Or just refund everyone's money with interest compounded. I've been giving for 40+ years (back in HS). It isn't there, and you know it. Your dead parents, relatives, and neighbors took it.

It's hilarious when this thread comes up every 2-3 months. A bunch of boomers or near boomers who claim to be conservative act all high and mighty that they are due what is owed to them.

SS is government redistribution. Always has been and always will be. If you were conservative you should have been against it back then and you should be against it now. It just so happens to be in your best interest now to keep the music going.

Don't get pissed off when younger conservatives call out your hypocrisy. You don't get to claim you are a small government conservative only when it fits your self interest.

Right back at you. We paid into SS for 40 years plus. We paid our dues and supported those older than us. You haven't yet. You're not concerned about the boomers getting theirs... you don't want to get caught with the short end of the stick. Your solution is to screw the boomers so you can stay whole. You accuse them of being selfish, when in reality, it's your generation that's acting like a spoiled brat.

Ok, so it felt good for a moment to return serve, but do you see how silly this is to point fingers at each other?

It is lazy-thinking, and I don't want a part of it. There's a path here that can bridge over the challenges. We need level-headed mature thinkers to figure it out instead of the stupid generation-bashing that won't accomplish anything.
Science Denier
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FrioAg 00 said:

You do represent your generation accurately. The graph proves that.




Of course. Libs spend like drunken sailors and then want to rob folks of what they have.

Instead of fixing our spending problem, libs want to take a product folks have already paid for.

Conservatives don't act like that. Libs do.
LOL OLD
Over_ed
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Rubicante said:

Over_ed said:

Rubicante said:

Stymied said:

WestAustinAg said:

Ervin Burrell said:

Boomers, the most selfish and entitled generation of all time, are acting selfish and entitled? No way.

Bless your tiny stunted brainstem.

Older people getting a small portion of the money they put into the system arent the problem. At all.

SS should have been put into marketable securities and allowed to grow like the securities markets grow. Just that one change 10 or 20 or 30 years ago would have solved the entire problem. Libs didn't want it.

Except the older people getting the money are the ones that voted to allow SS to be stolen from... Stop trying to act like Boomers don't bear some of the responsibility here.


It's like how boomers came up with the idea of participation trophies, made participation trophies, and handed out participation trophies, then decades later blamed the ones they handed them to for participation trophies being a thing.

I hate when people quote "facts" that are wrong. Blame those on X.


You think the primary parents of Millennials were Gen X?

Participation trophies started to take place in the 90's and exploded in the mid 90's. IIRC youngest boomer was born in 64. By the mid 90's the youngest Boomer mother would be in their 30's. Even if you use 1990 , the youngest boomer mom would be 26. Nope - Gen X owns this one.
Teslag
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Stymied said:

Science Denier said:

Signel said:

Boomers (like my parents) who don't contribute to the economy much anymore, want more money. Meanwhile, I'm told I'll never see a dime that I put in as GenX.

Why does this seem like the largest Ponzi Scheme in the history of the world?

1. It is
2. Doesn't matter
3. Boomers didn't have a choice to pay for it
4. America has to give the service boomers already paid for Wrong...
5. Those that fund America have to pay for America's expenses. SS was already paid for by those receiving the service. Wrong...
6. Or just refund everyone's money with interest compounded. I've been giving for 40+ years (back in HS). It isn't there, and you know it. Your dead parents, relatives, and neighbors took it.

It's hilarious when this thread comes up every 2-3 months. A bunch of boomers or near boomers who claim to be conservative act all high and mighty that they are due what is owed to them.

SS is government redistribution. Always has been and always will be. If you were conservative you should have been against it back then and you should be against it now. It just so happens to be in your best interest now to keep the music going.

Don't get pissed off when younger conservatives call out your hypocrisy. You don't get to claim you are a small government conservative only when it fits your self interest.


I was against it and I still had money stolen from me for it
Rubicante
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Your calculations seem to be based on participation trophies being handed to babies coming out of the womb. I suppose that would be the ultimate participation trophy.

Regardless this is venturing out into just generational discussion in general outside of social security so this will be my last quip on the matter.
FrioAg 00
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Science Denier said:

FrioAg 00 said:

You do represent your generation accurately. The graph proves that.




Of course. Libs spend like drunken sailors and then want to rob folks of what they have.

Instead of fixing our spending problem, libs want to take a product folks have already paid for.

Conservatives don't act like that. Libs do.



You probably think your generation voted for "conservatives". - in reality, you voted for the ones who spent all the money and turned the entire program into an entitlement Ponzi scheme that perpetually rolls its liability onto other people. You are quite literally using government taxation to take resources from other people.

By your own definition, you and your generation are the quintessential "lib" generation.
Science Denier
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FrioAg 00 said:

Science Denier said:

FrioAg 00 said:

You do represent your generation accurately. The graph proves that.




Of course. Libs spend like drunken sailors and then want to rob folks of what they have.

Instead of fixing our spending problem, libs want to take a product folks have already paid for.

Conservatives don't act like that. Libs do.



You probably think your generation voted for "conservatives". - in reality, you voted for the ones who spent all the money and turned the entire program into an entitlement Ponzi scheme that perpetually rolls its liability onto other people. You are quite literally using government taxation to take resources from other people.

By your own definition, you and your generation are the quintessential "lib" generation.


Nope. Stealing something already paid for to pay overspending is the lazy lib way. Stealing SS that folks paid for in order to fund welfare, Medicaid, and all the other BS we overspend on is exactly what is happening.

Folks paid nothing for their freebies. We paid 40 years for SS. So naturally libs want to steal that.
LOL OLD
FrioAg 00
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Not "happening",… "happened". It already happened.

No one can steal your generations money because the people you voted in charge already spent it. It's gone. There is no pile of money to take.

Now you want to steal from future generations because you either lied to yourself or you believe lies that were sold to you by the people you voted for.

It's really not complicated, other than your own cognitive dissonance and your inability to be honest with yourself about what your generation did and what you want to do next. You want to use the taxation power of the government to force other people to pay for your benefit, even though they themselves will receive no similar benefit and they themselves didn't spend your money.

Stymied
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MemphisAg1 said:

Stymied said:

It's hilarious when this thread comes up every 2-3 months. A bunch of boomers or near boomers who claim to be conservative act all high and mighty that they are due what is owed to them.

SS is government redistribution. Always has been and always will be. If you were conservative you should have been against it back then and you should be against it now. It just so happens to be in your best interest now to keep the music going.

Don't get pissed off when younger conservatives call out your hypocrisy. You don't get to claim you are a small government conservative only when it fits your self interest.

Right back at you. We paid into SS for 40 years plus. We paid our dues and supported those older than us. You haven't yet. You're not concerned about the boomers getting theirs... you don't want to get caught with the short end of the stick. Your solution is to screw the boomers so you can stay whole. You accuse them of being selfish, when in reality, it's your generation that's acting like a spoiled brat.

Ok, so it felt good for a moment to return serve, but do you see how silly this is to point fingers at each other?

It is lazy-thinking, and I don't want a part of it. There's a path here that can bridge over the challenges. We need level-headed mature thinkers to figure it out instead of the stupid generation-bashing that won't accomplish anything.

To be charitable, I'll assume you hadn't read my other posts.

  • I'm not a kid and I've paid in a ton. I will continue to be taxed through the nose and never see any of it. Yay me!
  • If we want to talk "level haeded solutions", that's great. I've already suggested that things will have to be adjusted for COLA, age, and means testing. It probably won't effect anyone over the age of 55
  • Expanding the "level headed solutions", anyone under the age of about 45 is getting the short end of the stick. Period! There is really no way around it. It's really just a matter of how it unfolds
I'm fine for quitting the generational bashing. However, the "bridge" you talk of, and the one I mention above, will have no impact on anyone over 55. Because of that, it's really hard to take any of the feedback from anyone over 60 seriously as you have no skin in the game. You are going to get your benefits one way or another and nobody seriously says otherwise.
Rubicante
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Science Denier said:

FrioAg 00 said:

Science Denier said:

FrioAg 00 said:

You do represent your generation accurately. The graph proves that.




Of course. Libs spend like drunken sailors and then want to rob folks of what they have.

Instead of fixing our spending problem, libs want to take a product folks have already paid for.

Conservatives don't act like that. Libs do.



You probably think your generation voted for "conservatives". - in reality, you voted for the ones who spent all the money and turned the entire program into an entitlement Ponzi scheme that perpetually rolls its liability onto other people. You are quite literally using government taxation to take resources from other people.

By your own definition, you and your generation are the quintessential "lib" generation.


Nope. Stealing something already paid for to pay overspending is the lazy lib way. Stealing SS that folks paid for in order to fund welfare, Medicaid, and all the other BS we overspend on is exactly what is happening.

Folks paid nothing for their freebies. We paid 40 years for SS. So naturally libs want to steal that.


Framing someone wanting the money in their paycheck to go to themselves as "stealing" is actually a pretty socialist position, comrade.
Science Denier
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FrioAg 00 said:

Not "happening",… "happened". It already happened.

No one can steal your generations money because the people you voted in charge already spent it. It's gone. There is no pile of money to take.

Now you want to steal from future generations because you either lied to yourself or you believe lies that were sold to you by the people you voted for.

It's really not complicated, other than your own cognitive dissonance and your inability to be honest with yourself about what your generation did and what you want to do next. You want to use the taxation power of the government to force other people to pay for your benefit, even though they themselves will rec over no similar benefit and they themselves didn't spend your money.




My benefit that I paid for.
When I buy a car., I damn sure better get a car.
I paid for SS. Government took my money for a product. Just like a car thst I get after paying for it, SS is paid for.

I don't car if it's Toyota or the government delivering the product. There are trillions to be cut without detesting a product that seniors have paid for.

It's not like welfare that is taxing for someone's benefit. It's like stealing a car I paid for.
LOL OLD
 
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