Fixing social security

[Derek44]

Had a POS Uncle who used his younger brothers (died real young) info to collect his somehow for years. So I think it's probably more common than you think.

Absolutely sure it happens. That really sucks for the ones that don’t do shit like that. Makes higher than thou people judge all with broad strokes. Pretty sure the problem lies in the moral compass of society as I’ve said before. I’ll be the first to say lots of things need worked over but we sure don’t start by pulling benefits from our elderly.

 

[Nick87]

Absolutely sure it happens. That really sucks for the ones that don’t do shit like that. Makes higher than thou people judge all with broad strokes. Pretty sure the problem lies in the moral compass of society as I’ve said before. I’ll be the first to say lots of things need worked over but we sure don’t start by pulling benefits from our elderly.

No I'm not saying that either but you did ask for literally any link and he gave you one. Just sayin, I'm out. See post #2.

 

[Hawk Tuah]

Up until 49 minutes ago you didn't believe Social Security fraud existed...seems like perhaps the ignorance isn't on everyone else.

 

[Derek44]

Yes, absolutely. Taking other people’s tax money is exactly the same thing as earning interest with your own money.

Do you drive on the highways… you welfare puke. Would you call the fire dept. if your house was on fire?? You welfare puke. I could go on and on. You utilize way more benefit than you pay for everything. Yet if it’s something you haven’t had to use yet, it’s just welfare. GFYS

 

[cgasner1]

Then your 401K or any investment with interest is welfare????

No it’s a gamble and a choice I don’t think the gov gives 2 shits about what I put my money in after their cut. Unless they can figure away to get their cut again

 

[Derek44]

No I'm not saying that either but you did ask for literally any link and he gave you one. Just sayin, I'm out. See post #2.

And I thanked him. I definitely thought, and still do think that that particular system is harder to defraud than most. But yes. I digress. Fraud does happen everywhere.

 

[longbow51]

I’m in and out of wakefulness currently. Been in bed with fever and chills most of the day.

Get well Bill; you're a voice of common sense.

 

[Buffs35]

I don't think anyone wants to put the old, mentally challenged, or physically broken people on the streets.

Agreed, if we did, we wouldn't have anyone to vote for for president.

 

[KG92]

Do you drive on the highways… you welfare puke. Would you call the fire dept. if your house was on fire?? You welfare puke. I could go on and on. You utilize way more benefit than you pay for everything. Yet if it’s something you haven’t had to use yet, it’s just welfare. GFYS

Again, absolutely! Assets paid for via municipal and property taxes are EXACTLY the same thing as a federal Ponzi scheme! You’re so smart that it hurts. GFYS!

 

[Alpine01]

Yes, absolutely. Taking other people’s tax money is exactly the same thing as earning interest with your own money.

Sorry, no. It isn't.

 

[KG92]

Sorry, no. It isn't.

I take it you didn’t catch the sarcasm.

 

[Marshian]

Yes, absolutely. Taking other people’s tax money is exactly the same thing as earning interest with your own money.

Earning interest is due to you willingly enter into a risky situation with a potential reward. The key word of your side is TAKING other people’s tax money. One is consensual. And not barely. Plus unlike most debts, you get jailed for not paying taxes.

 

[KG92]

Earning interest is due to you willingly enter into a risky situation with a potential reward. The key word of your side is TAKING other people’s tax money. One is consensual. And not barely. Plus unlike most debts, you get jailed for not paying taxes.

I guess next time I’ll use the sarcasm font…

 

[rjthehunter]

@Derek44 they have a fraud hotline. I'm assuming it's more common than you think.

Fraud Prevention and Reporting | SSA

www.ssa.gov

 

[BuzzH]

@Derek44 they have a fraud hotline. I'm assuming it's more common than you think.

Fraud Prevention and Reporting | SSA

www.ssa.gov

We have poaching hot lines too.

 

[rjthehunter]

We have poaching hot lines too.

Good observation. Poaching is also an unfortunately common problem...

 

[Deleted member 28227]

Not one to bet against the US economy, but having a low/no risk backstop such as SS is always prudent.

I also find it interesting how chasing that return that @MTGomer is after has effected our country.

SS is treasury based, the rest of our 401Ks, mutual funds, various pensions have huge holdings in equities. I don't think it's hyperbolic to say that if AAPL or GOOG was to have a major crash it would have an extremely negative impact on millions of Americans.

Because of that relationship we allow them to kinda do whatever they want, and exercise the kinds of monopolies that Roosevelt was so famous for fighting.

... the Bull Moose Party...


At it's break up Standard Oil as an example was about ~1.7% of the US GDP, AAPL is ~10%

Standard Oil- break up and acquisition


Value of largest modern Successor, though some of these like 7I only purchased tiny parts of Standard. Point being, each of the 4 big tech companies is far bigger than Standard Oil was and are larger than a reconstituted Standard Oil would be today. Yet you never hear about AAPL being busted up. Doing so would likely have dramatically negative effects on folks retirements, but not doing so also has repercussions.






TLDR... there is no free lunch.

 

[Marshian]

I guess next time I’ll use the sarcasm font…

Poe’s law

 

[Marshian]

The BlackRock CEO and billionaire, Larry Fink, must be a closet Hunttalker.

BlackRock's Larry Fink sees Social Security crisis, says 65 retirement age 'a bit crazy'

The issue of retirement took center stage in Fink's letter to shareholders.

www.cnbc.com

 

[Gulf of America]

For some reason, this feels like the right place for this:

https://www.cnbc.com/2024/03/26/trump-selling-60-god-bless-the-usa-bibles-with-lee-greenwood.html

I hate to give them free advertising, but there might be a few customers on this thread. Might even get some to open the Bibles.