Do you think taxes will increase to pay for the nation's debt?

[Anonymous]

Anonymous wrote:Thus is why you want to move as much to a Roth as you can. Pay the taxes now.

This. Also, consider retiring early for Roth conversions.

[Anonymous]

Anonymous wrote:Why doesn't the government eliminate social security and instead let people keep that extra money and invest it as they wish?

I’d like that idea for me but you and I both know that people are stupid. You’ll get the dipshits investing their extra money in something so volatile that when they retire, they’ll have nothing. Then they’ll blame “the system”.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Thus is why you want to move as much to a Roth as you can. Pay the taxes now.

This. Also, consider retiring early for Roth conversions.

+1

Taxes on the RMDs on large pre tax retirement portfolios are eye opening.

[Anonymous]

Anonymous wrote:Taxes will increase, and interest rates will increase. Dividing the total debt by the U.S. population results in a debt of roughly $115,000 to $116,000 per citizen. If only calculated per taxpayer, this burden exceeds $200,000, and it increases by roughly $1 trillion every 100 days. Thats why I groan every time trump adds yet another vanity project to the debt.

Wow that's not far from what the average American has saved for retirement if you use median as a measure

[Anonymous]

Since the dollar is the reserve currency perhaps we can manipulate somehow to lessen our debt burden no?

[Anonymous]

Anonymous wrote:I'm operating under the assumption that there wil be no social security by the time I'm eligible, or it'll be wealth-tested. Maybe they'll drop it entirely and just give people food stamps.

I remember my middle school teachers saying the *exact same thing* to me in the 80s. Social Security is still around and doesn’t appear to be going anywhere. We live in a democracy and there is NO WAY people are going to vote in favor of eliminating their own SS.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm operating under the assumption that there wil be no social security by the time I'm eligible, or it'll be wealth-tested. Maybe they'll drop it entirely and just give people food stamps.

I remember my middle school teachers saying the *exact same thing* to me in the 80s. Social Security is still around and doesn’t appear to be going anywhere. We live in a democracy and there is NO WAY people are going to vote in favor of eliminating their own SS.

It will be strangled to death by the GOP and it won't even come to the voters. Most people won't understand what is happening

[Anonymous]

Anonymous wrote:Why doesn't the government eliminate social security and instead let people keep that extra money and invest it as they wish?

Also known as an IRA. Which fewer thna 50% of Americans have.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm operating under the assumption that there wil be no social security by the time I'm eligible, or it'll be wealth-tested. Maybe they'll drop it entirely and just give people food stamps.

I remember my middle school teachers saying the *exact same thing* to me in the 80s. Social Security is still around and doesn’t appear to be going anywhere. We live in a democracy and there is NO WAY people are going to vote in favor of eliminating their own SS.

It will be strangled to death by the GOP and it won't even come to the voters. Most people won't understand what is happening

I disagree. When it comes to Social Security, people pay close attention to what is happening and they vote accordingly.

[Anonymous]

Anonymous wrote:Why doesn't the government eliminate social security and instead let people keep that extra money and invest it as they wish?

Because people will not keep the extra money and invest it.

That's literally the reason Social Security exists, so that once people are unable to work they're not dying in the streets or living off cat food, which is exactly what was happening before Social Security.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why doesn't the government eliminate social security and instead let people keep that extra money and invest it as they wish?

Because people will not keep the extra money and invest it.

That's literally the reason Social Security exists, so that once people are unable to work they're not dying in the streets or living off cat food, which is exactly what was happening before Social Security.

As a free country this is an issue being forced to pay for the old people who also have penaions and safety nets built on taxing their children. Time to pull the plug and let us decide what to do with our own money and social security is very unpopular with those under 60

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why doesn't the government eliminate social security and instead let people keep that extra money and invest it as they wish?

Because people will not keep the extra money and invest it.

That's literally the reason Social Security exists, so that once people are unable to work they're not dying in the streets or living off cat food, which is exactly what was happening before Social Security.

In capitalism there are winners and losers. Natural selection eleminates the loser and the next generation raises the bar to be even better

[Anonymous]

yes, they will be increased and safety net programs such as SS, medicaid will be cut. It is true that there is a lot of fraud in these programs and they need to be checked.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why doesn't the government eliminate social security and instead let people keep that extra money and invest it as they wish?

I’d like that idea for me but you and I both know that people are stupid. You’ll get the dipshits investing their extra money in something so volatile that when they retire, they’ll have nothing. Then they’ll blame “the system”.

Exactly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why doesn't the government eliminate social security and instead let people keep that extra money and invest it as they wish?

Because people will not keep the extra money and invest it.

That's literally the reason Social Security exists, so that once people are unable to work they're not dying in the streets or living off cat food, which is exactly what was happening before Social Security.

In capitalism there are winners and losers. Natural selection eleminates the loser and the next generation raises the bar to be even better

Okay Ayn Rand. But can you leave the governing to the rest of us because you just seem mean.