[vision-master]

$this->bbcode_second_pass_quote('', 'I')'d guess the reason the fund is in trouble at the moment is the system simply hasn't caught up with increasing life expectancy.

[vision-master]

$this->bbcode_second_pass_quote('PrestonSturges', 'N')ow we have the cities claiming they are too broke to pay pensioners, but many of these cities have financed the construction of huge stadiums that operate at a loss. Some cities have built several stadiums for crappy sports franchises. Now some teams want to replace perfectly good stadiums with newer stadiums with fewer seats and more luxury sky-boxes, all on the taxpayers backs.

[PrestonSturges]

$this->bbcode_second_pass_quote('vision-master', '')$this->bbcode_second_pass_quote('', 'I')'d guess the reason the fund is in trouble at the moment is the system simply hasn't caught up with increasing life expectancy.

[Lore]

I think we've just about seen the end of any more increases in life expectancy.

[PrestonSturges]

$this->bbcode_second_pass_quote('Lore', 'I') think we've just about seen the end of any more increases in life expectancy.

[Simon_R]

Hi

What Tanada's proposal would do, would be simply to change peoplse the attitude to the pension.

I live and run my business in france. We pay our pension to a quasi autonomous body, and this is
understood to be OUR money, not the governments, thus people tend to get ..... riled when
the Gov. talks about robing our pension, as it is not a nebulous promise, you get a statement of your pension.

Implementing Tanada's idea would also not take money out of circulation (after all its just 1's and 0's)
as the Gov. could always borrow against it as an asset ...... (naughty but doable)

Siomon

[vision-master]

$this->bbcode_second_pass_quote('PrestonSturges', '')$this->bbcode_second_pass_quote('Lore', 'I') think we've just about seen the end of any more increases in life expectancy.

[PrestonSturges]

$this->bbcode_second_pass_quote('vision-master', '
')
But there is now mounting evidence that this enduring trend has reversed itself for the country’s least-educated whites, an increasingly troubled group whose life expectancy has fallen by four years since 1990.

[Tanada]

$this->bbcode_second_pass_quote('Lore', 'I')'m not sure how Tanada's plan is any different then the SS system we have now? The fact that presently the money becomes part of the general fund is irrelevant. The money by law still gets paid out to every eligible recipient. If the money is held by the Feds in some lock box it's still not just going to sit there doing nothing, specially if you have to pay interest on top of it. The security of that money is no different then it is now.

If you want to balance the present system by the deadline of 2033, as pointed out, raise the eligibility age, raise the payroll tax by 4%, or decrease the benefit.

[sparky]

.
Tanada , plenty of white men have worked hard all their live too

the sad truth is that any unfunded pension system is a Ponzi scheme
it need an increasing amount of contributions to fund it's own IOU
public employees are the worst offenders
I don't recall screams of outrage when the airlines companies slashed their pension funds or raided them


plenty of people can be blamed , including contributors ( for suspending their disbelief )
but that seemd to be a good idea at the time ,
the present situation is the classic conflict between hope and reality
...there is no more money !

[Loki]

$this->bbcode_second_pass_quote('Tanada', '
')Why is it so hard for people to understand I want the unpaid balance of my benefit to be passed down through my heirs as designated by me and not reclaimed as lost by the government?

[Quinny]

I know this will not meet with universal acclaim, but I actually do not believe that wealth should be transferred between generations. Surely it's better for children to make their own way in life without a leg-up from their parents.

[wildbourgman]

$this->bbcode_second_pass_quote('', 'W')e tried your system, works great for rich folk, not so well for everyone else. Its utter failure lead to Social Security.

And not sure how anyone could consider Wall Street more trustworthy than the fedgov. How do you think Wall Street would be doing today without the heroic efforts by the Fed and fedgov to bail it out after the '08 meltdown?

[wildbourgman]

$this->bbcode_second_pass_quote('Quinny', 'I') know this will not meet with universal acclaim, but I actually do not believe that wealth should be transferred between generations. Surely it's better for children to make their own way in life without a leg-up from their parents.

[Subjectivist]

$this->bbcode_second_pass_quote('sparky', '.')
Tanada , plenty of white men have worked hard all their live too

the sad truth is that any unfunded pension system is a Ponzi scheme
it need an increasing amount of contributions to fund it's own IOU
public employees are the worst offenders
I don't recall screams of outrage when the airlines companies slashed their pension funds or raided them


plenty of people can be blamed , including contributors ( for suspending their disbelief )
but that seemd to be a good idea at the time ,
the present situation is the classic conflict between hope and reality
...there is no more money !

[vision-master]

$this->bbcode_second_pass_quote('sparky', '.')
Tanada , plenty of white men have worked hard all their live too

the sad truth is that any unfunded pension system is a Ponzi scheme
it need an increasing amount of contributions to fund it's own IOU
public employees are the worst offenders
I don't recall screams of outrage when the airlines companies slashed their pension funds or raided them


plenty of people can be blamed , including contributors ( for suspending their disbelief )
but that seemd to be a good idea at the time ,
the present situation is the classic conflict between hope and reality
...there is no more money !

[vision-master]

$this->bbcode_second_pass_quote('Quinny', 'I') know this will not meet with universal acclaim, but I actually do not believe that wealth should be transferred between generations. Surely it's better for children to make their own way in life without a leg-up from their parents.

[Loki]

$this->bbcode_second_pass_quote('wildbourgman', 'L')oki I agree with most of your comments I didn't copy them, but I think your off base on a couple of things in the ones I pasted here.

We never tried the system that Tanada is talking about where you can basically leave your social security to your heirs. Almost every system has worked better for the rich because they have the power to steer the system into what works for them. Even communist systems had "rich folk", they were the ones in control and connected IE Stalin and Castro.

The other thing is Wall Street and the Feds are in bed, there is almost no difference anymore. What do you think Obama recieved all that Wall Street campaign money with no expectations? The bail outs of 2008 "heroic"? Wrong it was cowardly use of our moeny to bail out people that funded campaigns and lobby Washington DC. There was nothing heroic about it, because the Fed caused the mal-investment to start with due the way they acted during previous bubbles and bust.

[vision-master]

half million dollar motorhomes

I want one.

[John_A]

$this->bbcode_second_pass_quote('sparky', '.')
Tanada , plenty of white men have worked hard all their live too

the sad truth is that any unfunded pension system is a Ponzi scheme