5 year Market Outlook opinions
09-20-2022, 10:35 AM
#871
Gets Weekends Off
Joined APC: Sep 2016
Posts: 6,733
And it has cost hundreds of millions trillions of dollars in retirement wealth. Look at the amount put in vs what is paid out, and then factor in market rates of returns for that money over the same period. Yeah, it's a scam that hurts people. And as one of the other posters mentioned it also creates a moral hazard by incentivizing people NOT to save, invest, and/or plan for retirement: https://en.wikipedia.org/wiki/Moral_hazard
09-20-2022, 12:38 PM
#874
Gets Weekends Off
Joined APC: Dec 2013
Posts: 2,303
The weighted average maturity of the $31 trillion National Debt is 5 years. If rates stay near 4% over the next 5 years, and the debt grows to just $40 trillion, the annual cost to service the debt will be $1.6 trillion. At 8%, $3.2 trillion, more than half of total tax revenue.
09-20-2022, 01:26 PM
#875
Gets Weekends Off
Joined APC: Feb 2020
Posts: 794
It's convenient and on purpose. Almost every piece of legislation gives the cabinet Secretary extremely wide latitude on interpreting and executing the laws that Congress "writes." It's been called the Administrative State mainly for this reason.
A5S
09-20-2022, 02:13 PM
#877
Gets Weekends Off
Joined APC: Apr 2017
Posts: 3,788
Doesn't matter. When the government takes money from people against their will, it is called stealing, or theft. Even if they promise to give a fraction of it back to them in the future.
09-20-2022, 02:25 PM
#878
Gets Weekends Off
Joined APC: Dec 2013
Posts: 2,303
How so? If that money we spent on wars the past two decades were put in a Social Security lockbox they could stop taxing us for social security benefits for 100 years. Seems relevant to the topic and relevant to the previous discussion saying he wanted private SS accounts where people could invest their own money. Instead of letting us invest our own money he just borrowed our money and sent our country into perpetual war forever.
09-20-2022, 02:26 PM
#879
Gets Weekends Off
Joined APC: Sep 2016
Posts: 6,733
but you don’t, you just want to push your “taxation is theft” nonsense
09-20-2022, 02:37 PM
#880
Gets Weekends Off
Joined APC: Aug 2011
Position: Hoping for any position
Posts: 2,520
How so? If that money we spent on wars the past two decades were put in a Social Security lockbox they could stop taxing us for social security benefits for 100 years. Seems relevant to the topic and relevant to the previous discussion saying he wanted private SS accounts where people could invest their own money. Instead of letting us invest our own money he just borrowed our money and sent our country into perpetual war forever.
Thread
Thread Starter
Forum
Replies
Last Post
