Great breakdown of the vote and how we? are losing.

[Kaepsknee]

And this time around, it wasn’t because of the housewives. They actually voted 10 pts more for Republicans than they did in 2020.

And the Republicans don’t win the age Demographic until over age 50
https://www.wsj.com/articles/how-di...J5Q7_cSgTQP1tF4XZfsgLN1X03ioHwsN5aJY&mod=e2fb

 

[Goduckies]

What does it say?

 

[RaceBannon]

The GOP wants to take away my social security

It was all over Twitter

GOP about to lose that one too

 

[WestlinnDuck]

The GOP wants to take away my social security

It was all over Twitter

GOP about to lose that one too

I like Race's view of pay my social security bitch to leftard youngsters. I'd feel bad if I hadn't paid into social security at the max rate for decades and would be better off if I had stuck it into a S&P 500 fund. I paid for me and my parents and then some.

 

[SFGbob]

The GOP wants to take away my social security

It was all over Twitter

GOP about to lose that one too

I like Race's view of pay my social security bitch to leftard youngsters. I'd feel bad if I hadn't paid into social security at the max rate for decades and would be better off if I had stuck it into a S&P 500 fund. I paid for me and my parents and then some.

Run the numbers sometime to see what kind of nest egg you'd have if you would have been able to put even half of what you were forced to contribute to Social Security along with half of your employer contribution into the S&P 500 from the start of your working years. It will either make you ill or pissed or both.

 

[Pitchfork51]

The GOP wants to take away my social security

It was all over Twitter

GOP about to lose that one too

I like Race's view of pay my social security bitch to leftard youngsters. I'd feel bad if I hadn't paid into social security at the max rate for decades and would be better off if I had stuck it into a S&P 500 fund. I paid for me and my parents and then some.

Run the numbers sometime to see what kind of nest egg you'd have if you would have been able to put even half of what you were forced to contribute to Social Security along with half of your employer contribution into the S&P 500 from the start of your working years. It will either make you ill or pissed or both.

But bipoc won't do that and will be poor so this is for the good of everybody

 

[Bob_C]

The GOP wants to take away my social security

It was all over Twitter

GOP about to lose that one too

I like Race's view of pay my social security bitch to leftard youngsters. I'd feel bad if I hadn't paid into social security at the max rate for decades and would be better off if I had stuck it into a S&P 500 fund. I paid for me and my parents and then some.

Run the numbers sometime to see what kind of nest egg you'd have if you would have been able to put even half of what you were forced to contribute to Social Security along with half of your employer contribution into the S&P 500 from the start of your working years. It will either make you ill or pissed or both.

It is such a scam. Not only do you lose on opportunity cost of investing in the stock market over the long haul, but the forced investment of SS $ into bonds creates an ongoing guaranteed market which keeps the price of bonds artificially low. Which in turn allows the government to run even bigger deficits that drives up inflation making the bonds worth even less.

 

[WestlinnDuck]

The GOP wants to take away my social security

It was all over Twitter

GOP about to lose that one too

I like Race's view of pay my social security bitch to leftard youngsters. I'd feel bad if I hadn't paid into social security at the max rate for decades and would be better off if I had stuck it into a S&P 500 fund. I paid for me and my parents and then some.

Run the numbers sometime to see what kind of nest egg you'd have if you would have been able to put even half of what you were forced to contribute to Social Security along with half of your employer contribution into the S&P 500 from the start of your working years. It will either make you ill or pissed or both.

It is such a scam. Not only do you lose on opportunity cost of investing in the stock market over the long haul, but the forced investment of SS $ into bonds creates an ongoing guaranteed market which keeps the price of bonds artificially low. Which in turn allows the government to run even bigger deficits that drives up inflation making the bonds worth even less.

There are no social security funds being invested in bonds. Social Security is now in a negative cash flow situation. The taxes going into the system are now substantially less than the payments to retirees. There is a couple of trillion of bonds in the trust fund (lock box, uh no.) As these bonds are redeemed, they are just replaced by further federal borrowing or just printing money. The fund is currently scheduled to run out in 2035.

 

[RaceBannon]

People talk about how brilliant Buffet is because he invested decades ago and let it compound. But not for social security because it's a scam ponzi funding mechanism for other spending

I get the notice on what I and my employers have paid and it is disgusting compared to my monthly stipend. It's a nice cherry on top of my salary but that's about it

And the GOP doesn't really want to take my social security they want to make it better for the morons who vote 90 percent democrats now. So 4 decades from now they'd have a decent return

People are stupid

 

[SFGbob]

The GOP wants to take away my social security

It was all over Twitter

GOP about to lose that one too

I like Race's view of pay my social security bitch to leftard youngsters. I'd feel bad if I hadn't paid into social security at the max rate for decades and would be better off if I had stuck it into a S&P 500 fund. I paid for me and my parents and then some.

Run the numbers sometime to see what kind of nest egg you'd have if you would have been able to put even half of what you were forced to contribute to Social Security along with half of your employer contribution into the S&P 500 from the start of your working years. It will either make you ill or pissed or both.

It is such a scam. Not only do you lose on opportunity cost of investing in the stock market over the long haul, but the forced investment of SS $ into bonds creates an ongoing guaranteed market which keeps the price of bonds artificially low. Which in turn allows the government to run even bigger deficits that drives up inflation making the bonds worth even less.

Can you imagine the change in politics if you had that kind of privatized retirement system? Allow people to tap into that money before retirement for a first time home purchase and give them a tangible asset that they could leave to their wife and kids upon death. Couple this with a similar program that funds medical savings accounts and you'd eliminate the two biggest parasitic Federal Gov. programs that exist while allowing middle class and lower income people to build real wealth.

It will never happen, it would eliminate two of the programs the Rats rely on the most to get people dependent upon the government.

 

[Bob_C]

The GOP wants to take away my social security

It was all over Twitter

GOP about to lose that one too

I like Race's view of pay my social security bitch to leftard youngsters. I'd feel bad if I hadn't paid into social security at the max rate for decades and would be better off if I had stuck it into a S&P 500 fund. I paid for me and my parents and then some.

Run the numbers sometime to see what kind of nest egg you'd have if you would have been able to put even half of what you were forced to contribute to Social Security along with half of your employer contribution into the S&P 500 from the start of your working years. It will either make you ill or pissed or both.

It is such a scam. Not only do you lose on opportunity cost of investing in the stock market over the long haul, but the forced investment of SS $ into bonds creates an ongoing guaranteed market which keeps the price of bonds artificially low. Which in turn allows the government to run even bigger deficits that drives up inflation making the bonds worth even less.

There are no social security funds being invested in bonds. Social Security is now in a negative cash flow situation. The taxes going into the system are now substantially less than the payments to retirees. There is a couple of trillion of bonds in the trust fund (lock box, uh no.) As these bonds are redeemed, they are just replaced by further federal borrowing or just printing money. The fund is currently scheduled to run out in 2035.

I’m not suggesting it just sits there forever, but like you said trust fund cash flows do go through bonds. Which is what helps to create a good reliable volume market for US bonds. If there was less demand for bonds due to less SS cash flows being forced allocated there (which there would be) it would be more expensive for the government to issue new bonds generally.

 

[Sledog]

And this time around, it wasn’t because of the housewives. They actually voted 10 pts more for Republicans than they did in 2020.

And the Republicans don’t win the age Demographic until over age 50
https://www.wsj.com/articles/how-di...J5Q7_cSgTQP1tF4XZfsgLN1X03ioHwsN5aJY&mod=e2fb

Good thing the vax kills more under 50.

 

[creepycoug]

The GOP wants to take away my social security

It was all over Twitter

GOP about to lose that one too

I like Race's view of pay my social security bitch to leftard youngsters. I'd feel bad if I hadn't paid into social security at the max rate for decades and would be better off if I had stuck it into a S&P 500 fund. I paid for me and my parents and then some.

Run the numbers sometime to see what kind of nest egg you'd have if you would have been able to put even half of what you were forced to contribute to Social Security along with half of your employer contribution into the S&P 500 from the start of your working years. It will either make you ill or pissed or both.

It is such a scam. Not only do you lose on opportunity cost of investing in the stock market over the long haul, but the forced investment of SS $ into bonds creates an ongoing guaranteed market which keeps the price of bonds artificially low. Which in turn allows the government to run even bigger deficits that drives up inflation making the bonds worth even less.

Can you imagine the change in politics if you had that kind of privatized retirement system? Allow people to tap into that money before retirement for a first time home purchase and give them a tangible asset that they could leave to their wife and kids upon death. Couple this with a similar program that funds medical savings accounts and you'd eliminate the two biggest parasitic Federal Gov. programs that exist while allowing middle class and lower income people to build real wealth.

It will never happen, it would eliminate two of the programs the Rats rely on the most to get people dependent upon the government.

You are preaching to the choir. As long as people had limited investment discretion and couldn't borrow against it I'd have been in favor. There'd be quite a few problems if people had unfettered access to their accounts and then you wind up taking care of them anyway. But, yes, I'd have greatly preferred that option.

 

[WestlinnDuck]

The GOP wants to take away my social security

It was all over Twitter

GOP about to lose that one too

I like Race's view of pay my social security bitch to leftard youngsters. I'd feel bad if I hadn't paid into social security at the max rate for decades and would be better off if I had stuck it into a S&P 500 fund. I paid for me and my parents and then some.

Run the numbers sometime to see what kind of nest egg you'd have if you would have been able to put even half of what you were forced to contribute to Social Security along with half of your employer contribution into the S&P 500 from the start of your working years. It will either make you ill or pissed or both.

It is such a scam. Not only do you lose on opportunity cost of investing in the stock market over the long haul, but the forced investment of SS $ into bonds creates an ongoing guaranteed market which keeps the price of bonds artificially low. Which in turn allows the government to run even bigger deficits that drives up inflation making the bonds worth even less.

There are no social security funds being invested in bonds. Social Security is now in a negative cash flow situation. The taxes going into the system are now substantially less than the payments to retirees. There is a couple of trillion of bonds in the trust fund (lock box, uh no.) As these bonds are redeemed, they are just replaced by further federal borrowing or just printing money. The fund is currently scheduled to run out in 2035.

I’m not suggesting it just sits there forever, but like you said trust fund cash flows do go through bonds. Which is what helps to create a good reliable volume market for US bonds. If there was less demand for bonds due to less SS cash flows being forced allocated there (which there would be) it would be more expensive for the government to issue new bonds generally.

Not any more. There is no trust fund cash flow. There is just more printing money and buying bonds which is just borrowing from yourself. Long term debt is going up and getting more expensive. Nothing says a bright future like $31.3 trillion in debt and a per capita debt per taxpayer of $248k.

 

[RaceBannon]

The GOP wants to take away my social security

It was all over Twitter

GOP about to lose that one too

I like Race's view of pay my social security bitch to leftard youngsters. I'd feel bad if I hadn't paid into social security at the max rate for decades and would be better off if I had stuck it into a S&P 500 fund. I paid for me and my parents and then some.

Run the numbers sometime to see what kind of nest egg you'd have if you would have been able to put even half of what you were forced to contribute to Social Security along with half of your employer contribution into the S&P 500 from the start of your working years. It will either make you ill or pissed or both.

It is such a scam. Not only do you lose on opportunity cost of investing in the stock market over the long haul, but the forced investment of SS $ into bonds creates an ongoing guaranteed market which keeps the price of bonds artificially low. Which in turn allows the government to run even bigger deficits that drives up inflation making the bonds worth even less.

Can you imagine the change in politics if you had that kind of privatized retirement system? Allow people to tap into that money before retirement for a first time home purchase and give them a tangible asset that they could leave to their wife and kids upon death. Couple this with a similar program that funds medical savings accounts and you'd eliminate the two biggest parasitic Federal Gov. programs that exist while allowing middle class and lower income people to build real wealth.

It will never happen, it would eliminate two of the programs the Rats rely on the most to get people dependent upon the government.

You are preaching to the choir. As long as people had limited investment discretion and couldn't borrow against it I'd have been in favor. There'd be quite a few problems if people had unfettered access to their accounts and then you wind up taking care of them anyway. But, yes, I'd have greatly preferred that option.

As a life long grasshopper I get protecting people from themselves even though that isn't strictly libertarian.

Why not both? Put the money in the AL Gore lockbox and get the return for the golden years?

I didn't plan on living past 30. No regrets. I'd rather work anyway but would like all that money they took to have earned a good return

 

[SFGbob]

The GOP wants to take away my social security

It was all over Twitter

GOP about to lose that one too

I like Race's view of pay my social security bitch to leftard youngsters. I'd feel bad if I hadn't paid into social security at the max rate for decades and would be better off if I had stuck it into a S&P 500 fund. I paid for me and my parents and then some.

Run the numbers sometime to see what kind of nest egg you'd have if you would have been able to put even half of what you were forced to contribute to Social Security along with half of your employer contribution into the S&P 500 from the start of your working years. It will either make you ill or pissed or both.

It is such a scam. Not only do you lose on opportunity cost of investing in the stock market over the long haul, but the forced investment of SS $ into bonds creates an ongoing guaranteed market which keeps the price of bonds artificially low. Which in turn allows the government to run even bigger deficits that drives up inflation making the bonds worth even less.

Can you imagine the change in politics if you had that kind of privatized retirement system? Allow people to tap into that money before retirement for a first time home purchase and give them a tangible asset that they could leave to their wife and kids upon death. Couple this with a similar program that funds medical savings accounts and you'd eliminate the two biggest parasitic Federal Gov. programs that exist while allowing middle class and lower income people to build real wealth.

It will never happen, it would eliminate two of the programs the Rats rely on the most to get people dependent upon the government.

You are preaching to the choir. As long as people had limited investment discretion and couldn't borrow against it I'd have been in favor. There'd be quite a few problems if people had unfettered access to their accounts and then you wind up taking care of them anyway. But, yes, I'd have greatly preferred that option.

Limit access to first time home purchase, just like with do with 401Ks. Anything other than that is hit with a heavy penalty.

 

[Kaepsknee]

Been out doing my thing.

But how and whY did this tHread end up to be a SS thread?

Is that really why y’all think that folks under 50 don’t vote Republican anymoar?

 

[Kaepsknee]

When Gerald Ford lost in 1976. He all but went away despite what Race says. Yes. He had a seat on the initial 1980 Republican debates. But went poof soon.

In 1984 when Mondale lost to Reagan, He went away.

In 1988 when Dukakis lost to George Bush, he went away.

In 1992 when George Bush lost to Bill Clinton, he went away.

In 1996 when only Bob Dole knows when Bob Dole is out of the race, went away.

In 2000 when Al Gore lost to George Bush II, he went away.

In 2004 when John Kerry lost to George Bush II, he didn’t go away. But He had no effect on any important election thereafter.

In 2008 when John McCain lost to Barack Obama, He didn’t go away. And his legacy has suffered because of it.

In 2012 when Mitt Romney lost to Barack Obama, he went away. But just for a little while. And now, no one on either side of the aisle respects him.

In 2016 when Hilary Clinton lost to Donald Trump, she went away. Unless you think tweets are staying in the game somehow.

In 2020, Donald Trump lost to Joe Biden. And not only has not went away. He has taken half of the Republican Party hostage.

 

[creepycoug]

The GOP wants to take away my social security

It was all over Twitter

GOP about to lose that one too

I like Race's view of pay my social security bitch to leftard youngsters. I'd feel bad if I hadn't paid into social security at the max rate for decades and would be better off if I had stuck it into a S&P 500 fund. I paid for me and my parents and then some.

Run the numbers sometime to see what kind of nest egg you'd have if you would have been able to put even half of what you were forced to contribute to Social Security along with half of your employer contribution into the S&P 500 from the start of your working years. It will either make you ill or pissed or both.

It is such a scam. Not only do you lose on opportunity cost of investing in the stock market over the long haul, but the forced investment of SS $ into bonds creates an ongoing guaranteed market which keeps the price of bonds artificially low. Which in turn allows the government to run even bigger deficits that drives up inflation making the bonds worth even less.

Can you imagine the change in politics if you had that kind of privatized retirement system? Allow people to tap into that money before retirement for a first time home purchase and give them a tangible asset that they could leave to their wife and kids upon death. Couple this with a similar program that funds medical savings accounts and you'd eliminate the two biggest parasitic Federal Gov. programs that exist while allowing middle class and lower income people to build real wealth.

It will never happen, it would eliminate two of the programs the Rats rely on the most to get people dependent upon the government.

You are preaching to the choir. As long as people had limited investment discretion and couldn't borrow against it I'd have been in favor. There'd be quite a few problems if people had unfettered access to their accounts and then you wind up taking care of them anyway. But, yes, I'd have greatly preferred that option.

Limit access to first time home purchase, just like with do with 401Ks. Anything other than that is hit with a heavy penalty.

Or just forbidden. Ok w/ the house because it is a cornerstone of stability in our society. But you start getting into other shit, even education, and the bad decisions start flowing. I don't even want the penalties. I want the $$ there for them to live on in retirement. I just have known far too many people who would have fucked it up. If I were in charge, the SS part of retirement "planning" would be optional investment in a limited number of broad index funds and set aside in trust, with the one exception borrowing for a first home. After that, forget about it. And if you die before retiring, it goes to your spouse and then to your heirs. It shouldn't ever be a windfall for the guv. Fuck that.

 

[creepycoug]

The GOP wants to take away my social security

It was all over Twitter

GOP about to lose that one too

I like Race's view of pay my social security bitch to leftard youngsters. I'd feel bad if I hadn't paid into social security at the max rate for decades and would be better off if I had stuck it into a S&P 500 fund. I paid for me and my parents and then some.

Run the numbers sometime to see what kind of nest egg you'd have if you would have been able to put even half of what you were forced to contribute to Social Security along with half of your employer contribution into the S&P 500 from the start of your working years. It will either make you ill or pissed or both.

It is such a scam. Not only do you lose on opportunity cost of investing in the stock market over the long haul, but the forced investment of SS $ into bonds creates an ongoing guaranteed market which keeps the price of bonds artificially low. Which in turn allows the government to run even bigger deficits that drives up inflation making the bonds worth even less.

Can you imagine the change in politics if you had that kind of privatized retirement system? Allow people to tap into that money before retirement for a first time home purchase and give them a tangible asset that they could leave to their wife and kids upon death. Couple this with a similar program that funds medical savings accounts and you'd eliminate the two biggest parasitic Federal Gov. programs that exist while allowing middle class and lower income people to build real wealth.

It will never happen, it would eliminate two of the programs the Rats rely on the most to get people dependent upon the government.

You are preaching to the choir. As long as people had limited investment discretion and couldn't borrow against it I'd have been in favor. There'd be quite a few problems if people had unfettered access to their accounts and then you wind up taking care of them anyway. But, yes, I'd have greatly preferred that option.

As a life long grasshopper I get protecting people from themselves even though that isn't strictly libertarian.

Why not both? Put the money in the AL Gore lockbox and get the return for the golden years?

I didn't plan on living past 30. No regrets. I'd rather work anyway but would like all that money they took to have earned a good return

Agreed. The combination I described above should do that. Optional investment in a range of broad index funds with very limited exceptions for pre-retirement access. It should also pass to your heirs like anything else that belongs to you. I can get behind that. My FIL would have bought a boat or something at some point along the way, and he's not exactly a derelict, just a man raised with no education about finances whatsoever. I think he thought managing the money was effeminate and something for the women to worry about. [rolleyes].