18 thoughts on “I whole heartily agree… but we would have to give up our 10% Senior discount.”
hell yeah. by the time you get to 65. you have already paid a shit load in taxes and fees for stupid shit to the state as well.
there are very few things they don’t tax or fee your ass for these days.
and they want 15 bucks a year to put a tag on your dog for some reason ?
just why ?
Sounds like a good idea to me. I don’t even Know how much money I’ve pumped into society, but I see what it got me. I’m NOT happy with the return on investment. It wasn’t just Money. I Did things. I wasn’t selling shoes.
Make it so.
Damn right!
That works for me. Tax free and no senior discount. But I still want my Veterans discount.
That and I want immunity for a bunch of bullshit laws. If we’re not harming or stealing from someone, don’t bother arresting us.
Amen, Amen, and AaaaaaaaaaaaaaMEN, Brothers and Sisters!!
On a related note;…Social Security and welfare are the largest stones around the neck of this country dragging it down. They cannot continue, or the country will not continue. Most here already know that. But those who have been born into the system and paid into it all their lives contracted with Uncle Sam in good faith, and just ending it all and screwing them isn’t moral either. So what to do?
Answer;…Create the option of opting out of the system. Allow anyone to at any age request to be exempt from income tax. In return, the exempt give up any and all claim in perpetuity to any benefits that would have been available from the government safety net. Imagine a 21 year old having the option of keeping what they earn, so long as they never file for unemployment or food stamps or social security, etc. The future unpaid liabilities begin to shrink immediately and young people begin to be able to afford life,…AND begin learning independence at the same time.
Both my grandfathers, my dad, and 2 brothers worked all their lives and died before age 62 and never collected a cent.
Half the people collecting never paid a dime.
I’ve been self employed since 1986 and have had to pay double the amount for SS.
As always, everything gov’t is gargantuan theft.
My local real estate taxes went up 40% this year. During the last mayoral election, the incumbent ran unopposed. This guy has been personally responsible for an almost 100% increase in taxes over the last six years. He keeps coming up with these “vanity projects” sold as necessary “societal improvements” to make the city “more livable and attractive”. In the meantime, residents, especially elderly residents, are taking it in the shorts.
Social Security is not an investment, but a tax. The Govt mostly spends what it takes in. The extra goes into an account the Treasury borrows and gives back an IOU. The average person collects in 6 years what took a lifetime to contribute (no interest dividend on the money-it’s not invested)
Did a paper on this almost 30 years ago, told the wife we would be lucky to collect SS when we retire.
And why retire at 65 when people are living into their 80’s. Granted my body aches more, but this is the age where our experience should be being used as foreman and teachers. Lots of retired folks, myself included, take menial jobs at basically minimum wage just to have something to do/contribute and get a chance to talk to people.
Just for an exercise, look up the min wage in 1970($1.60) and run it through the BLS CPI calculator and see what you get in terms of today’s dollars ($12.61). Now add just 1% per year error in the CPI (Considering its around 8% right now I’m sure 1% is too low)($21.15). Either way, think about those jobs offering good wages. I know places hiring at $9/hr. People wonder why “kids don’t want to work these days” its because after taxes 1 hour of work won’t even get you a crappy meal at the local fast food joint. How much does it cost to drive into work with gas prices and car insurance. (OBTW current Fed min is $7.25). Let’s add in the managers we have today and the whole work harder not smarter initiative (said correctly, turn your sarcasm meter on).
So after leaving things in this condition you guys want to retire and have your kids and grand kids foot the bill? Things should be better for our grand kids, not worse. If I got an appliance delivered that was in the same condition as our economy and work opportunities for the young I’d tell them to take it back and eat the cost.
The biggest reason most seasoned citizens don’t seek employment after drawing SS is they wind up giving most of their pay back to the government, either income taxes or tax on their SS payments.
Fuck ’em.
The problem being there aren’t that many jobs that create actual wealth anymore. Financial, RE, insurance etc., are just moving dollars around, not producing a single widget. Pretty much the same with all the service industries. Health care, same, same. Largely dedicated to extending the lives of non-producers, whether we are talking seniors or layabouts who accomplished nothing more in their whole sorry lives than holding a couch down, generating Neilson ratings, and popping out a bunch of welfare babies.
Actual manufacturing industries? Mostly gone. US used to be a major steel producer, now Gary Indiana is a ghetto that looks a lot like some of those Ukrainian cities they show on the medias, and only a few mills are still in operation. Empty and abandoned buildings all up and down the shore. We used to have thriving lumbering and mining industries, but no more.
So you think $20 is reasonable pay for doing nothing that creates wealth?
I definitely agree that the great majority of over 65 have more than payed their dues and deserve major tax holidays. But if it were made into law, I’m guessing a lot of property would be placed in their names by their heirs so as to not get taxed.
This could be an advantage though – call and visit me (not have any financial obligations) or you can hold your property yourself. How does that work for you Future Boy ?
Mom received some senior property tax relief from her home. When she passed and my brother and I inherited it, the high tax came back. Will be 5 years before I reach that age that hits the lower tax switch again (if it still exist).
Special Notice: if you stand to inherit property – money or other wealth, the taxes from that will take a bite out of your ass. Take steps to save more for those circumstances. No joke – my cost for yearly property taxes tripled in my case. A good swift kick in the palapas man. I’ve learned to save a couple of hundred every paycheck to an envelope earmarked for taxes. Save major pain when taxes are due.
I agree. Social Security was a good idea but then the politicians spent it and gave it to all who did not put into it. Medicare is worse as the government force monthly taxes on you so they can help Big Pharma. Welfare should end for a person forever after three years and should never be given to a non-citizen.
I think in my life time the only tax I have seen disappear was the $5 safety inspection on my car. That was only because the gas stations slowly stopped doing them.
Well, maybe. I personally know a couple of people approaching 65 and between them they might have had 5 years total of gainful employment. So no, they didn’t really contribute next to my damn near 40 years of constant employment. We are not the same.
(don’t play guess the race on those people I mentioned, because you already won the game)
I’d opt out of SSI if I could. So would all my friends and family under 40.
Heck, package deal – I’ll opt my parents as well, and the support of me and my brothers would see them to a comfortable retirement.
SSI is, and always has been, a Ponzi scheme, enforced at the barrel of a gun.
hell yeah. by the time you get to 65. you have already paid a shit load in taxes and fees for stupid shit to the state as well.
there are very few things they don’t tax or fee your ass for these days.
and they want 15 bucks a year to put a tag on your dog for some reason ?
just why ?
Sounds like a good idea to me. I don’t even Know how much money I’ve pumped into society, but I see what it got me. I’m NOT happy with the return on investment. It wasn’t just Money. I Did things. I wasn’t selling shoes.
Make it so.
Damn right!
That works for me. Tax free and no senior discount. But I still want my Veterans discount.
That and I want immunity for a bunch of bullshit laws. If we’re not harming or stealing from someone, don’t bother arresting us.
Amen, Amen, and AaaaaaaaaaaaaaMEN, Brothers and Sisters!!
On a related note;…Social Security and welfare are the largest stones around the neck of this country dragging it down. They cannot continue, or the country will not continue. Most here already know that. But those who have been born into the system and paid into it all their lives contracted with Uncle Sam in good faith, and just ending it all and screwing them isn’t moral either. So what to do?
Answer;…Create the option of opting out of the system. Allow anyone to at any age request to be exempt from income tax. In return, the exempt give up any and all claim in perpetuity to any benefits that would have been available from the government safety net. Imagine a 21 year old having the option of keeping what they earn, so long as they never file for unemployment or food stamps or social security, etc. The future unpaid liabilities begin to shrink immediately and young people begin to be able to afford life,…AND begin learning independence at the same time.
Both my grandfathers, my dad, and 2 brothers worked all their lives and died before age 62 and never collected a cent.
Half the people collecting never paid a dime.
I’ve been self employed since 1986 and have had to pay double the amount for SS.
As always, everything gov’t is gargantuan theft.
My local real estate taxes went up 40% this year. During the last mayoral election, the incumbent ran unopposed. This guy has been personally responsible for an almost 100% increase in taxes over the last six years. He keeps coming up with these “vanity projects” sold as necessary “societal improvements” to make the city “more livable and attractive”. In the meantime, residents, especially elderly residents, are taking it in the shorts.
Social Security is not an investment, but a tax. The Govt mostly spends what it takes in. The extra goes into an account the Treasury borrows and gives back an IOU. The average person collects in 6 years what took a lifetime to contribute (no interest dividend on the money-it’s not invested)
Did a paper on this almost 30 years ago, told the wife we would be lucky to collect SS when we retire.
And why retire at 65 when people are living into their 80’s. Granted my body aches more, but this is the age where our experience should be being used as foreman and teachers. Lots of retired folks, myself included, take menial jobs at basically minimum wage just to have something to do/contribute and get a chance to talk to people.
Just for an exercise, look up the min wage in 1970($1.60) and run it through the BLS CPI calculator and see what you get in terms of today’s dollars ($12.61). Now add just 1% per year error in the CPI (Considering its around 8% right now I’m sure 1% is too low)($21.15). Either way, think about those jobs offering good wages. I know places hiring at $9/hr. People wonder why “kids don’t want to work these days” its because after taxes 1 hour of work won’t even get you a crappy meal at the local fast food joint. How much does it cost to drive into work with gas prices and car insurance. (OBTW current Fed min is $7.25). Let’s add in the managers we have today and the whole work harder not smarter initiative (said correctly, turn your sarcasm meter on).
So after leaving things in this condition you guys want to retire and have your kids and grand kids foot the bill? Things should be better for our grand kids, not worse. If I got an appliance delivered that was in the same condition as our economy and work opportunities for the young I’d tell them to take it back and eat the cost.
The biggest reason most seasoned citizens don’t seek employment after drawing SS is they wind up giving most of their pay back to the government, either income taxes or tax on their SS payments.
Fuck ’em.
The problem being there aren’t that many jobs that create actual wealth anymore. Financial, RE, insurance etc., are just moving dollars around, not producing a single widget. Pretty much the same with all the service industries. Health care, same, same. Largely dedicated to extending the lives of non-producers, whether we are talking seniors or layabouts who accomplished nothing more in their whole sorry lives than holding a couch down, generating Neilson ratings, and popping out a bunch of welfare babies.
Actual manufacturing industries? Mostly gone. US used to be a major steel producer, now Gary Indiana is a ghetto that looks a lot like some of those Ukrainian cities they show on the medias, and only a few mills are still in operation. Empty and abandoned buildings all up and down the shore. We used to have thriving lumbering and mining industries, but no more.
So you think $20 is reasonable pay for doing nothing that creates wealth?
I definitely agree that the great majority of over 65 have more than payed their dues and deserve major tax holidays. But if it were made into law, I’m guessing a lot of property would be placed in their names by their heirs so as to not get taxed.
This could be an advantage though – call and visit me (not have any financial obligations) or you can hold your property yourself. How does that work for you Future Boy ?
Mom received some senior property tax relief from her home. When she passed and my brother and I inherited it, the high tax came back. Will be 5 years before I reach that age that hits the lower tax switch again (if it still exist).
Special Notice: if you stand to inherit property – money or other wealth, the taxes from that will take a bite out of your ass. Take steps to save more for those circumstances. No joke – my cost for yearly property taxes tripled in my case. A good swift kick in the palapas man. I’ve learned to save a couple of hundred every paycheck to an envelope earmarked for taxes. Save major pain when taxes are due.
I agree. Social Security was a good idea but then the politicians spent it and gave it to all who did not put into it. Medicare is worse as the government force monthly taxes on you so they can help Big Pharma. Welfare should end for a person forever after three years and should never be given to a non-citizen.
I think in my life time the only tax I have seen disappear was the $5 safety inspection on my car. That was only because the gas stations slowly stopped doing them.
Well, maybe. I personally know a couple of people approaching 65 and between them they might have had 5 years total of gainful employment. So no, they didn’t really contribute next to my damn near 40 years of constant employment. We are not the same.
(don’t play guess the race on those people I mentioned, because you already won the game)
I’d opt out of SSI if I could. So would all my friends and family under 40.
Heck, package deal – I’ll opt my parents as well, and the support of me and my brothers would see them to a comfortable retirement.
SSI is, and always has been, a Ponzi scheme, enforced at the barrel of a gun.