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social security

flames
Posts: 69
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2/24/2011 9:16:31 PM
Posted: 5 years ago
I think is a ticking time bomb

rather kids should be tought in high school how to invest money in stocks bonds mutual funs

they should know how to calculate the money they need to retire by 70 in high school

then learn to put a plan together in hitting that target

then what the govt can do is give ppl two options you can give us the money social security when we collect this money for social security or we can let you keep it and invest it but you have to invest it towards in something

this way ppl would become financially independent at 70 majority of them not to many would rely on social security and the govt wouldn't be in trouble
lewis20
Posts: 5,093
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2/24/2011 11:15:52 PM
Posted: 5 years ago
SS is an unconstitutional program passed by FDR and only deemed constitutional because he threatened to pack the courts.
I'd also point out the entire tax is on the employee, even though they like to pretend half the tax is on the employer.
"If you are a racist I will attack you with the north"- Abraham Lincoln

"Do not wear clothing woven of two kinds of material" - Leviticus 19 19

"War is a racket" - Smedley Butler
gavin.ogden
Posts: 1,729
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2/24/2011 11:19:30 PM
Posted: 5 years ago
At 2/24/2011 9:16:31 PM, flames wrote:
I think is a ticking time bomb

rather kids should be tought in high school how to invest money in stocks bonds mutual funs

they should know how to calculate the money they need to retire by 70 in high school

then learn to put a plan together in hitting that target

then what the govt can do is give ppl two options you can give us the money social security when we collect this money for social security or we can let you keep it and invest it but you have to invest it towards in something

this way ppl would become financially independent at 70 majority of them not to many would rely on social security and the govt wouldn't be in trouble

Stocks and mutual funds are a ticking time bomb as well. Watch when the dollar collapses. I recommend Gold.
InsertNameHere
Posts: 15,699
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2/25/2011 12:09:22 AM
Posted: 5 years ago
At 2/24/2011 11:19:30 PM, gavin.ogden wrote:

Stocks and mutual funds are a ticking time bomb as well. Watch when the dollar collapses. I recommend Gold.

Silver is a better investment apparently.
juvanya
Posts: 613
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2/25/2011 12:16:15 AM
Posted: 5 years ago
At 2/25/2011 12:09:22 AM, InsertNameHere wrote:
At 2/24/2011 11:19:30 PM, gavin.ogden wrote:

Stocks and mutual funds are a ticking time bomb as well. Watch when the dollar collapses. I recommend Gold.

Silver is a better investment apparently.

Tis
lewis20
Posts: 5,093
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2/25/2011 12:46:53 AM
Posted: 5 years ago
At 2/25/2011 12:16:15 AM, juvanya wrote:
At 2/25/2011 12:09:22 AM, InsertNameHere wrote:
At 2/24/2011 11:19:30 PM, gavin.ogden wrote:

Stocks and mutual funds are a ticking time bomb as well. Watch when the dollar collapses. I recommend Gold.

Silver is a better investment apparently.

Tis

Is it? I've heard both but I've never known for sure.
Actually I'm gonna steal that and make it a thread if there isn't one already.
"If you are a racist I will attack you with the north"- Abraham Lincoln

"Do not wear clothing woven of two kinds of material" - Leviticus 19 19

"War is a racket" - Smedley Butler