I don't think he said that.You all but literally said people lack the discipline and self control to save for retirement on their own. How else am I to interpret that.
I don't think he said that.You all but literally said people lack the discipline and self control to save for retirement on their own. How else am I to interpret that.
Dave said the poor spend 100% of what they make. This isn't by choice. No one says "I want to earn exactly how much I spend!" It has nothing to do with self-control. You're throwing that in here.You all but literally said people lack the discipline and self control to save for retirement on their own. How else am I to interpret that.
If people apparently need government to manage their retirement savings for them with the implication that they'd piss their money away otherwise, what does that say about them?
You all but literally said people lack the discipline and self control to save for retirement on their own. How else am I to interpret that.
If people apparently need government to manage their retirement savings for them with the implication that they'd piss their money away otherwise, what does that say about them?
Hey, I'm a poly, kinky, gay degenerate, and I'm one of the first against the wall when the reactionary revolution comes. I have no love for their hate, and I have as much to lose as anyone from Republicans winning elections and having the people who want to hurt me and my loved ones in the halls of power. I think flying the confederate flag is maybe just a tinge better than flying a swastika.
...But there is simply no excuse for calling poor rural people cousin fuckers. Two wrongs don't make a right. You cannot fight oppression by legitimizing more oppression. The master's tools will never dismantle the master's house. It's not cool when gays respond to homophobia in the black community with racism, and it's equally uncool when they respond to homophobia in the poor with classism.
So the government should just do everything and manage everything for everybody because everyone is too stupid to do anything for themselves. Cradle to grave entitlements then, to the max. At least it's clear where you stand.
prag16 said:Also from the Guardian, another take: http://www.theguardian.com/commenti...party-blog/2010/oct/08/lloyd-marcus-tea-party
I don't think he said that.
Dave said the poor spend 100% of what they make. This isn't by choice. No one says "I want to earn exactly how much I spend!" It has nothing to do with self-control. You're throwing that in here.
To my mind the argument is that below a certain level of income people lack the fiscal capacity to deal with expensive and necessary services like health care and retirement savings on their own. Pooling these resources to provide services like Social Security and Medicaid is better for people than 40+ years of the extra meager income they'd have if FICA never existed.So the people in question made $X, with $Y subtracted for FICA leaving them $X-$Y. They're poor so they spend all of their money, leaving them with zero. If there was no FICA, they can't just spend $X-Y anyway, leaving Y aside for retirement? They're poor, so they MUST spend all their money?
Apparently the contention is no matter exactly how much they make, they will save NOTHING because they're "poor"?
To my mind the argument is that below a certain level of income people lack the fiscal capacity to deal with expensive and necessary services like health care and retirement savings on their own. Pooling these resources to provide services like Social Security and Medicaid is better for people than 40+ years of the extra meager income they'd have if FICA never existed.
That 40+ years of 6% more income on a low income at an individual level isn't enough for the sort of medical planning or retirement savings that is needed in old age. But pooled together into a government provided social service it is.
So the people in question made $X, with $Y subtracted for FICA leaving them $X-$Y. They're poor so they spend all of their money, leaving them with zero. If there was no FICA, they can't just spend $X-Y anyway, leaving Y aside for retirement? They're poor, so they MUST spend all their money?
Apparently the contention is no matter exactly how much they make, they will save NOTHING because they're "poor"? This isn't really a contention, it's just what happens on a large scale.
EDIT: Just read Dave's response; somehow missed it when I read the other two who quoted me. Of course it's difficult when you're struggling to scrape by. I've never personally had to worry about this, but I've had friends and family who have. I can imagine it'd be very tough to see the big picture. I'm probably not articulating this well, but the implication seems to be that there's no way these people can save enough to support themselves through retirement, so the government has to help. This implies they'd have to be collecting way more than they could ever have put in. That wasn't the original intent of SS at all.
Are you looking at it as a forced retirement savings type program? Or as a wealth transfer program. The idea for the program was as insurance against impoverished elderly years (back then the expected post-retirement lifespan was much shorter than it is today, but that's a separate problem/discussion). Not as Dave implied, as a way for poor people who apparently couldn't afford to save anything while they worked, to get a constant "unearned" cash flow in retirement.
"Insurance" was the original intent.
Decades of guaranteed payouts doesn't sound like "insurance" to me.
To my mind the argument is that below a certain level of income people lack the fiscal capacity to deal with expensive and necessary services like health care and retirement savings on their own. Pooling these resources to provide services like Social Security and Medicaid is better for people than 40+ years of the extra meager income they'd have if FICA never existed.
That 40+ years of 6% more income on a low income at an individual level isn't enough for the sort of medical planning or retirement savings that is needed in old age. But pooled together into a government provided social service it is.
Now I'm not a fan of FICA. It's regressive. The US should have higher income and corporate taxes to pay for social services and should phase payroll taxes out. But even FICA is better than no Social Security or Medicare.
You can make the argument that people now look at SS as their retirement "plan" instead of planning for themselves, but ultimately that ignores that, prior to its existence, poverty among the elderly was a serious issue. So if the option is between the elderly burdening the tax system and the elderly burdening homeless shelters, I'll take the former.
Fortunately, I don't know many young people who actually believe SS will still be there (in its current state) when they retire. I'm sure as hell not factoring SS into any of my planning. For it to survive major changes need to be made, and soon. Neither party is interested in getting serious about it. It's often characterized as something that's hard to reform because it's so "popular". No shit it's popular; people are being mailed checks. $$$
Problem with politicians is that their time horizon often is only as long as the next reelection bid, and what will get them votes. Hence both parties usually want to do the popular thing, and assure voters that they won't "take away their SS".
I have to agree with the Republican posters that there's a lot of judgments in here.Because they have low IQs.
It's actually pretty easy to fix, and fix without impacting benefits. I'm not familiar enough with the plans to repeat their initiatives off-hand, but they're out there if you'd like to see them. The big piece of them, though, is removing the cap on taxable income under FICA.
Wealth transfer program then. That's fine, but the distinction is needed because Dave had mentioned the "original intent" of SS multiple times. (Unless the argument is that the fact that the government manages the funds will somehow allow the total value of the money to be more than the sum of its parts... based on how governments operate, that'd be an... odd assumption; usually the opposite applies)
Because they have low IQs.
That's essentially what everyone is trying to say without saying it.
Right, removing the cap would go a long way by itself. The problem is that totally abandons the, "no really, it's a not a wealth transfer system, honest" charade, officially. Not the easiest bridge to cross.
Raising the retirement age is probably the most obvious first step.
I mean, look at this graph. How is this sustainable. Social security of course had plenty of assets when many/most people were never collecting...
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My Brother is somewhat poor. He votes Republican because he lives paycheck to paycheck so the thought of paying higher taxes ticks him off. You can try telling him that it's the rich that will be taxed not the lower class, but all he knows is that he is already paying taxes and doesn't want to pay anymore so Republican for him!
Is this the greatest picture of all time?
Well the thing about people dying later is that the middle and upper classes are living longer, the working classes aren't.
Wait for the next version where they're playing darts with Trump.Is this the greatest picture of all time?
Is that so? I hadn't heard that. If that's true, then yeah, that changes the equation. But I can't believe the middle class on down (the people that 'need' SS) have not seen increases in longevity in the last ~80 years.
Off the top of my head, re: Republican policies that support the poor
-Earned Income Tax Credit. This one ultimately had bipartisan support, but it's a child of the right, thought up by Milton Friedman and percolating in conservative and libertarian think tanks before getting the attention of Republican legislators.
-Easing regulatory burdens like taxi medallions that often raise the cost of entry into certain professions beyond the means of poor people. (they're currently the ones in favor of easing the burden on small loans so that the legitimate banking industry can put the payday loan sharks out of business)
-school vouchers for poor people to attend better private schools..
Yerp. Check it out, google "life expectancy by income" or something similar for a nice surprise!
Here's one article of many:
https://www.washingtonpost.com/news...ing-more-to-help-rich-seniors-than-poor-ones/
Graphs:
I wonder what the ratio of pay-out to pay-in is per income bracket. People with higher incomes at retirement get more from SS, but since they were giving more to SS throughout their lives, one would think they'd still be losing, but since they live longer I don't know...
http://www.independent.co.uk/voices...s-is-a-further-indictment-of-our-9061888.html
Interestingly the UK is seeing the same issue. The UK has the NHS, universal health care. So why is the gap still so large? I'd assume high income earners are going outside the system for better care? That's potentially an interesting data point for those who think bringing universal healthcare is a cure all.
http://www.independent.co.uk/voices...s-is-a-further-indictment-of-our-9061888.html
Interestingly the UK is seeing the same issue. The UK has the NHS, universal health care. So why is the gap still so large? I'd assume high income earners are going outside the system for better care? That's potentially an interesting data point for those who think bringing universal healthcare is a cure all.
Ultimately everyone is pretty much saying, "they vote Republican because they're dumb, they vote Democratic because they're smart."
Never mind that the Republicans and Democrats essentially became swapped since Lincoln's time.
I think one of the points of the thread is wondering why any poor Americans are thinking about this and why. They've been told to go against their own self-interest.Wow. This thread could not be more condescending towards republicans. What if they believe in fiscal conservatism. Lower taxes? Lesser government regulation?
I think one of the points of the thread is wondering why any poor Americans are thinking about this and why. They've been told to go against their own self-interest.
Wow. This thread could not be more condescending towards republicans. What if they believe in fiscal conservatism. Lower taxes? Lesser government regulation?
I would ask why they are voting for a party that has demonstrably not cared about any of those things for at least a decade (except for tax cuts for the rich, which is moot since this thread is specifically about the poor)
I would ask why they are voting for a party that has demonstrably not cared about any of those things for at least a decade (except for tax cuts for the rich, which is moot since this thread is specifically about the poor)
They're not related at all. Poor Republican voters are lining up to line the pockets of the rich by the command of the rich. A rich business owner who votes Democrat has the money the burn for what they may perceive as the greater good. A poor Republican voter is potentially taking away their own last resorts for survival if they're voting for someone who wants to distribute money and resources away from healthcare, welfare, or retirement. The situations would be comparable if the stakes were....and rich business owners who vote democrat are, with that same view, going against their own apparent self-interest.
Wow. This thread could not be more condescending towards republicans. What if they believe in fiscal conservatism. Lower taxes? Lesser government regulation?
Fortunately, I don't know many young people who actually believe SS will still be there (in its current state) when they retire. I'm sure as hell not factoring SS into any of my planning. For it to survive major changes need to be made, and soon. Neither party is interested in getting serious about it. It's often characterized as something that's hard to reform because it's so "popular". No shit it's popular; people are being mailed checks. $$$
Problem with politicians is that their time horizon often is only as long as the next reelection bid, and what will get them votes. Hence both parties usually want to do the popular thing, and assure voters that they won't "take away their SS".
Expecting social security to still be in that range as a percentage of GDP in 2089 is pretty optimistic to say the least. It jumped around a percentage point already in less than a decade. Even then, Medicare is a whole separate animal all its own. That situation is highly likely to be far worse than SS. I suppose we can just do nothing and hope for the best... -_-Congress instructs other parts of the government to distribute nominal money at a cost ranging from 5 - 6.2% of GDP from now until 2089. Or they don't. What is there to get serious about?
Because it is palpably obvious that the democratic base views poor white Americans in flyover states with contempt, and no amount of self-interest will override the bile of voting for someone who hates you.
C.F. every infantilizing explanation in this thread.
Expecting social security to still be in that range as a percentage of GDP in 2089 is pretty optimistic to say the least. It jumped around a percentage point already in less than a decade. Even then, Medicare is a whole separate animal all its own. That situation is highly likely to be far worse than SS. I suppose we can just do nothing and hope for the best... -_-
Wow. This thread could not be more condescending towards republicans. What if they believe in fiscal conservatism. Lower taxes? Lesser government regulation?
...and rich business owners who vote democrat are, with that same view, going against their own apparent self-interest.
...and rich business owners who vote democrat are, with that same view, going against their own apparent self-interest.