PeakOil is You
Pensions and Unemployment Benefits
Re: Pensions and Unemployment Benefits
by wildbourgman » Sat 14 Dec 2013, 10:16:35
Well I guess J6P can wait for Social security and get screwed again.
- wildbourgman
- Coal
- Posts: 483
- Joined: Sun 07 Jul 2013, 10:05:52
Re: Pensions and Unemployment Benefits
by Tanada » Sat 14 Dec 2013, 10:17:55
$this->bbcode_second_pass_quote('Pops', 'R')etirement just needs tweaks, health benefits the health system needs a major overhaul.
IMO the best thing they could do for Social Security would be to make it actually individual saving accounts instead of dumping the money into the general fund where greedy soulless politicians can access it. Put the money in deposits with the Federal Reserve, your account number is your social security ID number and you get years statements about how much money is in your account drawing interest just for you. When you die if any money is left it is automatically dispersed into the account of your nearest living relative or designated recipient. Each year after you retire you get disbursed 5% of your savings account principal plus interest for the preceding year.
This system would ensure you had money income from the date of your retirement until a minimum of 20 years later, and if you don't spend everything disbursed you can invest it on other income making systems like mutual funds or interest baring accounts in local banks, or other investments.
Politicians won't adopt this system because it keeps them from accessing YOUR retirement benefits.
The change over could be done very quickly because the accountants have records going back to the first pay check any American earned showing exactly how much they and/or their employer's have deposited into the system. People who are already retired would stay on the current system but anyone 61 and younger would be switched over ASAP because the money they deposited is THEIR money and should never have been in the general fund to start with.
$this->bbcode_second_pass_quote('Alfred Tennyson', 'W')e are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
- Tanada
- Site Admin
- Posts: 17094
- Joined: Thu 28 Apr 2005, 03:00:00
- Location: South West shore Lake Erie, OH, USA
Re: Pensions and Unemployment Benefits
by vision-master » Sat 14 Dec 2013, 10:21:18
Great, I see you have been getting groomed - enjoy..... 
Me, I'm already locked into cradle to grave benefits.
Me, I'm already locked into cradle to grave benefits.
- vision-master
Re: Pensions and Unemployment Benefits
by Lore » Sat 14 Dec 2013, 11:01:18
$this->bbcode_second_pass_quote('Tanada', '
')IMO the best thing they could do for Social Security would be to make it actually individual saving accounts instead of dumping the money into the general fund where greedy soulless politicians can access it. Put the money in deposits with the Federal Reserve, your account number is your social security ID number and you get years statements about how much money is in your account drawing interest just for you. When you die if any money is left it is automatically dispersed into the account of your nearest living relative or designated recipient. Each year after you retire you get disbursed 5% of your savings account principal plus interest for the preceding year.
This system would ensure you had money income from the date of your retirement until a minimum of 20 years later, and if you don't spend everything disbursed you can invest it on other income making systems like mutual funds or interest baring accounts in local banks, or other investments.
Politicians won't adopt this system because it keeps them from accessing YOUR retirement benefits.
The change over could be done very quickly because the accountants have records going back to the first pay check any American earned showing exactly how much they and/or their employer's have deposited into the system. People who are already retired would stay on the current system but anyone 61 and younger would be switched over ASAP because the money they deposited is THEIR money and should never have been in the general fund to start with.
')IMO the best thing they could do for Social Security would be to make it actually individual saving accounts instead of dumping the money into the general fund where greedy soulless politicians can access it. Put the money in deposits with the Federal Reserve, your account number is your social security ID number and you get years statements about how much money is in your account drawing interest just for you. When you die if any money is left it is automatically dispersed into the account of your nearest living relative or designated recipient. Each year after you retire you get disbursed 5% of your savings account principal plus interest for the preceding year.
This system would ensure you had money income from the date of your retirement until a minimum of 20 years later, and if you don't spend everything disbursed you can invest it on other income making systems like mutual funds or interest baring accounts in local banks, or other investments.
Politicians won't adopt this system because it keeps them from accessing YOUR retirement benefits.
The change over could be done very quickly because the accountants have records going back to the first pay check any American earned showing exactly how much they and/or their employer's have deposited into the system. People who are already retired would stay on the current system but anyone 61 and younger would be switched over ASAP because the money they deposited is THEIR money and should never have been in the general fund to start with.
Would never work, the individual is just as greedy as any politician. People as a rule don't save. Specially poor people that can barely make ends meet. If you make it mandatory, then what's the difference other than individual accounts would not be guaranteed a return on savings, or investment and could eventually be a total loss. The only people that would really benefit is corporations needing a new investment revenue stream.
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
... Theodore Roosevelt
... Theodore Roosevelt
-
Lore - Fission
- Posts: 9021
- Joined: Fri 26 Aug 2005, 03:00:00
- Location: Fear Of A Blank Planet
Re: Pensions and Unemployment Benefits
by wildbourgman » Sat 14 Dec 2013, 11:16:42
$this->bbcode_second_pass_quote('', ' ')People as a rule don't save. Specially poor people that can barely make ends meet.
People have saved, poor people have saved, after the great depression people saved because they had felt the pain of losing everything. They saved in coffee cans buried in the yard, under the mattress, and in multiple bank accounts. Since then we have trusted the FDIC, welfare programs, bailouts, and stimulus to protect us from the pain that was felt in other economic downturns. If you take away the consequence for malinvestment you'll get more malinvestment and if you take away the consequence for inadequate savings you'll get more inadequate savings.
- wildbourgman
- Coal
- Posts: 483
- Joined: Sun 07 Jul 2013, 10:05:52
