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Deleted member 28227
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Out of curiosity, do you think any nation or state is doing it right?
Big country/state with big cities? City of at least 2MM total pop of 10MM.
Fixing social security
- Thread starter Marshian
- Start date
Big country/state with big cities? City of at least 2MM total pop of 10MM.
SAJ-99
Well-known member
1) I never said it was or compared it to a retirement fund. It is an insurance program to provide some modest income in old age. It is not pay in X and receive future payments equally the FV of X. But neither is a pension.
2) you are usually complaining that too much money is coming out of SS, now you are complaining about people not paying in. Pay more in taxes- either the employer, the employee, or both.
However, I do agree that CA is basically treating it pari passu with the retirement pension, and that causes some problems given the structure and history of SS. How much that "costs" SS I really couldn't guess.
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Deleted member 28227
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Because we should soak cops and teachers for every cent but Bezos should only pay $9,932.40
BigHornRam
Well-known member
Moscow, Russia according to Tucker.
No, I think the world is head for a rough patch in the coming years, that few are prepared to deal with. What about you? Who is doing it right iyo?
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Deleted member 28227
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Moscow, Russia according to Tucker.
I agree with you, I think all the big developed nations are going through similar struggles. Scandinavia et al. only work because of huge natural resources versus the size of their population.
VikingsGuy
Well-known member
OpenAI is obviously note worthy - Discord is a money maker - and that was just in the first five on my screen - didn’t bother scrolling further. Only need 1 in a 100 to work out to drive the worlds most dynamic economy. It is silly to suggest the CA hasn’t created more successful companies in the last 30 yrs. Not everybody can inherit a ranch that doesn’t make money without govt subsidiaries . . . .
VikingsGuy
Well-known member
And high social homogeneity
BigHornRam
Well-known member
We could liquidate Bezos entire fortune. That would pay a couple months of interest on the debt. Who should we shake down after that?
VikingsGuy
Well-known member
How about something in the middle — the extremes are boring.
noharleyyet
Well-known member
Musk, of course, (checks notes) is out of woke narrative favor...
SAJ-99
Well-known member
Let me know how your push to get Americans to reject the government handouts goes.
VikingsGuy
Well-known member
Doom and gloom have been sold 24/7 for the last 3,000+ years. And every so often something very bad does happen and the warning immediately proceeding it appears for a moment to be prescient - and then we realize that thousands of warnings before it were wrong and there was nothing special or insightful going on here. So, like a broken watch being right twice a day, doom/gloom will be right every 100 yrs or so. No reason to think you have any special insight into a particular event today - or how one would be prepared for it. Had a neighbor in ND who was sure nuclear winter was a lock guarantee in 1978. Wonder if he still has the 500 cans of baked beans he hoarded?Moscow, Russia according to Tucker.
SAJ-99
Well-known member
Agree. I would suspect that the rebuild after WWII resulted in the same demographic trends in these countries. That and the increasing cost and treatments of healthcare over that time frame has put everyone in the same situation.
This belief across this thread that we are in this situation because SS or public pensions are run with the same efficiency and effectiveness as Truth Social just isn't accurate.
BigHornRam
Well-known member
The snark factor is getting entertaining!
Gus Chiggins
Well-known member
- Joined
- Feb 26, 2023
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And if you're in retail you get to watch your inventory leave the store without payment. Probably not the best "business policy" CA could embrace or at least tolerate. It's a "social tax" that doesn't necessarily show up on paper.
Bill Maher occasionally mentions how many years it's taken him, jumping through California state/local regulatory hoops, to try and set up solar power at his house. At some point the regulation becomes stifling and companies and people move elsewhere.
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VikingsGuy
Well-known member
Starting up a Tech or Bio company way easier in CA, MN or MA (Or TX) than in MT. But ya, starting a hardware store, or a lumber yard would probably be harder.
BigHornRam
Well-known member
Comments like these don't help his chances.
Billionaire Elon Musk is worried the US will go 'bankrupt' for this reason...
‘Overspending must stop’, Elon Musk wrote while responding to a post by an X user who warned that over time 100% of US taxpayer monies could be used to pay interest on national debt.
www.livemint.com
BigHornRam
Well-known member
In case you were unaware, Bozeman is now a federally designated tech hub.
Montana receives Tech Hub designation
BOZEMAN, Mont. - Montana was selected from nearly 200 applicants to receive one of the roughly twenty tech hub destinations by the economic development administration (EDA).
BigHornRam
Well-known member
Biotechnology industry is contracting right now, not expanding.
Exploring the forces behind 2024 biotech layoffs: A visual journey - Drug Discovery and Development
Biotech industry continues to bleed jobs in 2024: Strategic shifts, failed trials, and funding cuts take their toll.
www.drugdiscoverytrends.com
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Deleted member 28227
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My point is more this;
Walmart has > 10,000 full time employees on SNAP benefits, McDonalds several thousand... bunch of other big companies. This companies lobby against minimum wage and required benefits, and then essentially have their payroll subsidized through various gov programs.
Walton's are making a killing.
Bezos, I'm sure has similar things going on with Amazon. So no I don't think he should personally have to give all his money to prop up social security. I do think it's weird to focus on whether civil servants making 50k a year should be pulling SS and a pension while giving Walmart et al. a pass for using Fed assistant programs as part of their "benefits package".
