Tuesday, May 24, 2011

Re: Social Security vs Pensions

On May 23, 3:46 pm, dick thompson <rhomp2...@earthlink.net> wrote:
> So how do you determine when the person is wealthy enough that they
> don't get that which they paid for over 50 years or so - and how do you
> keep it current.  Where do you draw the
> line and do you adjust it for geographic differences.  

It's not based on geography, it's based on earnings.

Yes the old conservative phony question; "what is wealthy and how do
you determine it"?

Wealth, as a currently accepted economic definition is; how much
someone has in assets.
It is NOT a philosophical question as defined by Republican'ts.

> You still have not justified the
> redistribution aspects of what you are envisioning.  

The justification is no different than it's ever been in your life.

> Why would someone
> pay into a ponzi scheme like this if there were no way to get any of it
> back - and yet you are forcing everyone to pay into it without regard
> for whether there is any payoff at the end of the line.  

Their choice is simple; pay in to get it back, or become wealthy so
they don't have to be concerned about it.
Not both.

>  Even the lottery has better odds than that.    

Then play the lottery.
Just remember, the lottery benefits the public schools you despise so
much.

> If you are prudent you get skrewed and if you are imprudent then you get
> the big payoff.   That mkes no sense at all.

What makes less sense is SS being just another benefit the wealthy can
look forward to while the poor and middle class are asked to sacrifice
yet again for the wealthy benefit.

The fact is; poor people are as a percentage are not living longer
(the average age the poor die went down for the first time ever under
Bush Jr.)...
meanwhile the average age a wealthy person dies has remained going up.

Hence SS has become a benefit for the wealthy more-so than the poor.

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