| Re: "Humans 'very likely' making earth warmer" is wrong >>>>>> Fourth, there is no way the SS system will last much longer. When it
>>>>>> reaches the point where you have just 2 or 3 workers to support one
>>>>>> SS recipient AND welfare AND the rest of the other government
>>>>>> expenses they will just say 'screw this'.
>
>>>>> Fortunately there are also self employed paying into social security.
>>>>> There are a very large number of people who do pay SS withholding
>>>>> taxes, but they effectively contribute nothing because they get a tax
>>>>> credit for having kids.
>
>>>> My point still stands. The system can not be supported much longer.
>>>> The drain will be just too much.
>
>>> You fools have been claiming that for decades now. It carrys on
>>> regardless.
>
>> Because the numbers don't lie.
>
> No numbers involved in that stupid claim that it cant last much longer.
>
>> Demographics show that the number of retirees will soon be near equal to
>> the number of tax payers.
>
> Pig ignorant lie.
So your plan is to cose your eyes and plug your ears and maybe the problem
will go a way.
>
>> Right now it is limping along on life support by sucking money out of the
>> general fund because the dems sucked the SS fund dry many years ago.
>
> Another pig ignorant lie.
So your plan is to cose your eyes and plug your ears and maybe the problem
will go a way.
>
>> BTW, do you know why the retirement age was set at 65? It was because
>> the average life spand was, IIRC, 62.
>
> Another pig ignorant lie.
Check the actuary tables of the time for life expectancy of the day.
before they could get any money. IOW, it was set
>> up by FDR as a money maker for the government.
>
> Another pig ignorant lie.
Only one insult line today?
>
>>>>>> There is already a fairly large 'under the table' and barter economy
>>>>>> going out there that is not taxed now. How large do you thing its
>>>>>> going to get when 50+% of wages are going to taxes?
>
>>>>> It is already 50+ for many people, for very successful
>>>>> self employed, the tax rate is 33 percent on the amount over
>>>>> a certain amount, and the self employment SS taxes are
>>>>> 15.3 percent, plus local and state income tax and sales
>>>>> tax on some things and real estate tax and personal
>>>>> property tax.
>>>>> And if they have employees, there is state and
>>>>> federal unemployment tax, 7.65 percent SS contribution
>>>>> on all of the employee earnings, plus workers compensation
>>>>> taxes,
>
>>>> True but when Joe Smuck can look at his pay stub and see he's only
>>>> bring home $1 out of every $2 he's worked for I think things will
>>>> change.
>
>>> Have fun explaining why it didnt in europe when that happened.
>
>> It is happening.
>
> No it isnt.
>
>> Look at France and Germany.
>
> It isnt happening there.
>
>> The had RIOTS because the government is trying to trim back some of the
>> goodies the government gives out because there's not enough money to pay
>> for them.
>
> Pig ignorant lie. The frogs riot about all sorts of things, and it wasnt
> about that.
The last ones were not but read a little history.
>
> And have fun explaining Holland and scandinavia where they got no riots
> when that happened.
Ok, because they don't have large populations of immigrants sucking up their
money. Since you are not a student of history I'll tell you that Germany
took in a lot of poor Germans when the east joined the west.
>
>> And this with the US paying for most of their defence from the 40's.
>
> Another pig ignorant lie.
So now you are saying that the US did not provide Germany and France from
the USSR and its allies during the cold war. I knew you didn't know much
about history but I didn't know you were THAT ignorant. What'd you do drop
out of school in the 3rd grade?
>>> And it wont get to that rate in the US anyway.
>
>> Why not, is there going to be a big die off of old people?
>
> Nope, because the US has a lot more younger people, mostly
> due to immigration, legal and illegal and an unemployment rate
> of 5% which ensures that most of those are paying their taxes.
So we are going to double our population in the next few years? Remember
those new workers will have to provide for themselves, their families, the
usual government cost (roads and the like) AND the retired people. Check
out the federal budget today and see how much of the tax dollar is going to
social programs.
>
>>>> For one thing if he's getting that big of a shaft
>
>>> Wont happen, you watch.
>
>> I will be. There's a chance that what will happen will make the
>> retirement problems in the former USSR look like a mild recession.
>
> Nope, not a chance. The US economy has always left that one for dead.
>
Your failure in history is showing again. Try a google search on the "Great
Depression". Different cause but mostly will have the same effect.
> In fact its the strength of the US economy that allow it to
> afford the military spending that is what sank the USSR
> economy beneath the waves when it couldnt keep up.
And it will be the social spending that will sink the US "economy beneath
the waves" if we don't get it under control. Which with politicians using
tax dollars to buy votes to stay in office I don't see that happening.
>
>>>> think how much the people you are talking about are getting.
>
>>> Neither will that.
>
>>>> They'll have to raise the top tax rate to 90% again.
>
>>> Not a chance, you watch.
>
>> yeah and the income tax will only be applied to the top 1% money
>> makers and your SS number will never be used as a ID number and he never
>> had sexual relations with that woman and man will never fly. . .
>
> The US will never again have a top rate of 90%, the world's
> moved on forever on those very high rates, even in europe.
Not forever just until the governments need that money.
>
> |