funnier, baby boomers are THE entitlement generation.
Tu Stultus Es
What? The guy that wrote the article writes fairly often on the subject and his solution is to institute means testing before benefits are paid out. Old people have much more in assets than the younger people they currently draw tax dollars from, and therefor it is effectively generational theft.Ilocano wrote:
Funny. I read the article as entitlement youth expecting something now from long term retirement plans.
Before AussieReaper comes in here and starts ranting about me wanting old people to starve in the streets or something, no one is advocating the complete destruction of Medicare and Social Security, just to scale them back so that they cover people who actually need the help rather than everyone with a pulse over the age of 65.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
Personally, I hate this line of thought from Hillary Clinton:
“Were it not for Social Security, many of us would be supporting our parents. We would take them in; we would do what we needed to do to try to provide the resources they required to stay above poverty, to live as comfortably as we could afford. And that would cause a lot of difficult decisions in our lives, wouldn’t it?”
I think we've lost something by dumping our parents in retirement homes. Instead of reverence for elders as sources of wisdom and knowledge, we treat them as yucky things to be tolerated on holidays
“Were it not for Social Security, many of us would be supporting our parents. We would take them in; we would do what we needed to do to try to provide the resources they required to stay above poverty, to live as comfortably as we could afford. And that would cause a lot of difficult decisions in our lives, wouldn’t it?”
I think we've lost something by dumping our parents in retirement homes. Instead of reverence for elders as sources of wisdom and knowledge, we treat them as yucky things to be tolerated on holidays
Last edited by Jay (2012-07-23 13:45:12)
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
No. You pay into it. You should get back the expected returns of what you paid into it. Income level when taking out benefits is irrelevant.
Like, if you are a millionaire at retirement, should you still get your 401K?
As for your second post, nah, that's your culture. Have you visited any Asian retirement homes?
Like, if you are a millionaire at retirement, should you still get your 401K?
As for your second post, nah, that's your culture. Have you visited any Asian retirement homes?
You pay into Medicaid, are you clamoring for coverage by that system? There's plenty of things you pay into that you receive no tangible benefit from.Ilocano wrote:
No. You pay into it. You should get back the expected returns of what you paid into it. Income level when taking out benefits is irrelevant.
Like, if you are a millionaire at retirement, should you still get your 401K?
As for your second post, nah, that's your culture. Have you visited any Asian retirement homes?
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
So, are you going to decline your 401k?
That's completely separate and irrelevant and you know it.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
how have you not been pegged a racist with all your "azians r superior" comments.Ilocano wrote:
No. You pay into it. You should get back the expected returns of what you paid into it. Income level when taking out benefits is irrelevant.
Like, if you are a millionaire at retirement, should you still get your 401K?
As for your second post, nah, that's your culture. Have you visited any Asian retirement homes?
Tu Stultus Es
Check the article. Older people have paid into it and are getting upwards of 10 times the amount back. Younger people are paying into it and only getting 80% back, and the rate is decreasing quickly.Ilocano wrote:
No. You pay into it. You should get back the expected returns of what you paid into it. Income level when taking out benefits is irrelevant.
Like, if you are a millionaire at retirement, should you still get your 401K?
As for your second post, nah, that's your culture. Have you visited any Asian retirement homes?
Old folks want the checks to keep coming, whether they need it or not. Young folks just want to get what they paid for. And somehow it's the youngsters that are entitled?
Last edited by mtb0minime (2012-07-23 13:54:24)
its not like ilocano is a babyboomer unless hes about to hit 50
Tu Stultus Es
When you don't adjust for inflation.mtb0minime wrote:
Check the article. Older people have paid into it and are getting upwards of 10 times the amount back.
Jay started the lumping.eleven bravo wrote:
how have you not been pegged a racist with all your "azians r superior" comments.Ilocano wrote:
No. You pay into it. You should get back the expected returns of what you paid into it. Income level when taking out benefits is irrelevant.
Like, if you are a millionaire at retirement, should you still get your 401K?
As for your second post, nah, that's your culture. Have you visited any Asian retirement homes?
"I think we've lost something by dumping our parents in retirement homes. Instead of reverence for elders as sources of wisdom and knowledge, we treat them as yucky things to be tolerated on holidays."
This. How long have the younger generation been putting money into the system? I damn well should expect more after putting into the bucket for 40+ years, versus someone just starting in the workplace.Macbeth wrote:
When you don't adjust for inflation.mtb0minime wrote:
Check the article. Older people have paid into it and are getting upwards of 10 times the amount back.
And it had what to do with asians exactly? Did I call out any specific race?Ilocano wrote:
Jay started the lumping.eleven bravo wrote:
how have you not been pegged a racist with all your "azians r superior" comments.Ilocano wrote:
No. You pay into it. You should get back the expected returns of what you paid into it. Income level when taking out benefits is irrelevant.
Like, if you are a millionaire at retirement, should you still get your 401K?
As for your second post, nah, that's your culture. Have you visited any Asian retirement homes?
"I think we've lost something by dumping our parents in retirement homes. Instead of reverence for elders as sources of wisdom and knowledge, we treat them as yucky things to be tolerated on holidays."
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
keiro.orgJay wrote:
And it had what to do with asians exactly? Did I call out any specific race?Ilocano wrote:
Jay started the lumping.eleven bravo wrote:
how have you not been pegged a racist with all your "azians r superior" comments.
"I think we've lost something by dumping our parents in retirement homes. Instead of reverence for elders as sources of wisdom and knowledge, we treat them as yucky things to be tolerated on holidays."
Inflation doesn't have anything to do with it. Older people are expected to make more money. They've had more time to climb up the corporate ladder. That wasn't the point of the article. The point was that there are a ton of people about to collect, and already collecting, social security and medicare benefits that they don't actually need. Does the prospect of an extra $1200 a month make you salivate or something? That wouldn't even pay my rent for my current apartment. "It's mine, I earned it" doesn't fly since most people take out of the system more than they ever put into it. It should be a program for those who actually need it to survive, not people with multi-million dollar investment portfolios living off of the interest.Ilocano wrote:
This. How long have the younger generation been putting money into the system? I damn well should expect more after putting into the bucket for 40+ years, versus someone just starting in the workplace.Macbeth wrote:
When you don't adjust for inflation.mtb0minime wrote:
Check the article. Older people have paid into it and are getting upwards of 10 times the amount back.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
It's not "old person puts $500000 in and gets $500000 back, meanwhile young person puts $50000 in and gets $50000 back".Ilocano wrote:
This. How long have the younger generation been putting money into the system? I damn well should expect more after putting into the bucket for 40+ years, versus someone just starting in the workplace.Macbeth wrote:
When you don't adjust for inflation.mtb0minime wrote:
Check the article. Older people have paid into it and are getting upwards of 10 times the amount back.
It's "old person puts $50000 in and gets $500000 back, meanwhile young person puts in $50000 and gets $40000 back".
No. Old person puts in $50K, gets $500K (out of the hat number) compounded. Young person after five years at $5K, gets $40K.mtb0minime wrote:
It's not "old person puts $500000 in and gets $500000 back, meanwhile young person puts $50000 in and gets $50000 back".Ilocano wrote:
This. How long have the younger generation been putting money into the system? I damn well should expect more after putting into the bucket for 40+ years, versus someone just starting in the workplace.Macbeth wrote:
When you don't adjust for inflation.
It's "old person puts $50000 in and gets $500000 back, meanwhile young person puts in $50000 and gets $40000 back".
Its always been a ponzi/insurance scheme - boomers demanding back what they paid in are scammers - most of them are in fact demanding lifelong benefits they haven't paid in enough to fund if it were a hypothecated scheme.Ilocano wrote:
No. You pay into it. You should get back the expected returns of what you paid into it.
Fuck Israel
- SuperJail Warden
- Gone Forever
- +640|3934
Was looking at the voter demographics for the 2016 election. Found something funny.
https://en.wikipedia.org/wiki/United_St … mographics
The young overwhelmingly voted Clinton, and Boomers Trump. It is just like Brexit.
Baby boomers are from Washington to Wales seem determined to fuck up as much as they can before they die. They really are the worst generation.
https://en.wikipedia.org/wiki/United_St … mographics
The young overwhelmingly voted Clinton, and Boomers Trump. It is just like Brexit.
Baby boomers are from Washington to Wales seem determined to fuck up as much as they can before they die. They really are the worst generation.
Older people always vote for the conservative candidate. News at 11!SuperJail Warden wrote:
Was looking at the voter demographics for the 2016 election. Found something funny.
https://en.wikipedia.org/wiki/United_St … mographics
The young overwhelmingly voted Clinton, and Boomers Trump. It is just like Brexit.
Baby boomers are from Washington to Wales seem determined to fuck up as much as they can before they die. They really are the worst generation.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
- SuperJail Warden
- Gone Forever
- +640|3934
It is still interesting that there is a broad rejection of Trumpism among the largest demographic in the U.S. Older Trump supporters often talk about "securing their grandchildren's future" yet their grandchildren really don't want the sort of changes that the GOP and Trump promise.
Republicans are the strongest they have been since 1928 but unless they manage to do spectacular work the next few years, I don't think it will be sustainable.
Republicans are the strongest they have been since 1928 but unless they manage to do spectacular work the next few years, I don't think it will be sustainable.
was born in '65. just missed being a boomer, demographically.
My thought is "Get off my lawn" if the topic is Make me hate baby boomers, and we did have help with different generations fucking this country over.
need proof? election after election the cry is 'throw the bums out!' yet prarie league pissants vote their incumbents in, pigs wallow at the trough and nothing changes for the better.
Why? WHY!? people want you to throw your bum out but are content to vote for their own, God forbid you vote against THE party, here let me vote a straight ticket (pun intended) and let's bitch and moan about the same ol' same ol'.
there hasn't been an honest election in this country since the Articles of Confederation were adopted, and we wouldn't even have those if Britain wasn't losing trade routes across the globe in the eighteenth century, needed to apply their hegemony elsewhere.
At least be honest with your click bait D&ST topics, for fucks sake
My thought is "Get off my lawn" if the topic is Make me hate baby boomers, and we did have help with different generations fucking this country over.
need proof? election after election the cry is 'throw the bums out!' yet prarie league pissants vote their incumbents in, pigs wallow at the trough and nothing changes for the better.
Why? WHY!? people want you to throw your bum out but are content to vote for their own, God forbid you vote against THE party, here let me vote a straight ticket (pun intended) and let's bitch and moan about the same ol' same ol'.
there hasn't been an honest election in this country since the Articles of Confederation were adopted, and we wouldn't even have those if Britain wasn't losing trade routes across the globe in the eighteenth century, needed to apply their hegemony elsewhere.
At least be honest with your click bait D&ST topics, for fucks sake
Look at the numbers though. 56/35. 45/53.
- SuperJail Warden
- Gone Forever
- +640|3934
These numbers are even crazierunnamednewbie13 wrote:
Look at the numbers though. 56/35. 45/53.
Evangelicals continue to be obnoxious and stupid. No wonder the coast remained blue. The Catholics didn't go full retard.