I need to ask a question
Jun 4, 2019 23:31:54 #
Retired builder wrote:
If you worked for a living didn't you notice that SS/ Medicare was deducted from your paycheck. That money if it had been properly invested and not wasted by the Government would have an enormous reserve. Recipients of SS/Medicare are being reimbursed for their investment.
Jun 4, 2019 23:33:08 #
Retired builder wrote:
My sources were the school of hard knocks and war with the Unions.
Ah...Another graduate of the SOHN Institute
Jun 4, 2019 23:33:11 #
JimMe wrote:
Airforceone... br br Yes, Medicare/Medicaid and S... (show quote)
Sorry but Social Security and Medicare is not taken from income tax revenue and redistributed to the needy. It is money taken directly out of the paychecks and are later received back in monthly checks or medical credit. So they are more akin to a retirement account and health insurance, but are mandatory and under the control of the federal government.
Jun 4, 2019 23:48:11 #
Airforceone wrote:
Can this country survive under a 100% capitalistic... (show quote)
The contractors who win bids are already profit earning businesses. They didn't get their start from government contracts. And the number who ever do get government contracts is a fraction of the capitalist businesses in the country. You are putting the cart before the horse.
So where does the federal government get their money before they can make the contracts? From income and business taxes. So where do people get their income to be taxed? From businesses employing them. So the whole applecart is built off of private industry by capitalists--NOT the other way around!!!!
And yes, we have socialist programs paid by taxpayers.
Jun 4, 2019 23:55:01 #
Airforceone wrote:
Do the Trump agenda of giving a 19% tax cut, create a 25% tariff, and cut SS and Medicare are a solution to that retirees problems.
What cut in SS? For January, 2018, Trump did an SS increase greater than the total increased under all 8 Obama's years. Then he did the same again for January 2019. Sorry but an increase is the opposite of a cut!
Jun 4, 2019 23:59:56 #
JoyV wrote:
Sorry but Social Security and Medicare is not taken from income tax revenue and redistributed to the needy. It is money taken directly out of the paychecks and are later received back in monthly checks or medical credit. So they are more akin to a retirement account and health insurance, but are mandatory and under the control of the federal government.
Actually the SS$ are stolen from the SS funds and misappropriated - wherever the crooks want it to go. The government borrows money from the fed (who manufactures money out of thin air) to fund these repayments to the contributors and charges the government interest on these loans. Double/ triple whammy for the American investor in SS. No interest paid on their initial investment, increased taxes to pay for the interest to the fed. By the way SS/Medicare deductions are not mandatory. LACSD, SBCSD and a lot of other law enforcement personnel have opted to pay into equity funds and other investments for their retirements. They obviously don't trust their government to do the right thing for their service.
Jun 5, 2019 00:11:07 #
Airforceone wrote:
Great thank you for your perceptions what is the d... (show quote)
A pure capitalist society uses a total free market economy. A free market economy is self regulating. It is based of the simple rule of supply and demand. Competition reduces prices of goods and increases employment incentives. While in various types of socialist systems, an elite ruling class has no inherent limitations on them but must be limited by laws and oversight. Many of our members of Congress behave as it they are above the law and that the people who elected them are their subjects and not their bosses. The more our country moves toward socialism, the greater power they will have.
Socialism is an umbrella term which encompasses from Communism to Social Democrat.
Jun 5, 2019 00:18:34 #
Jun 5, 2019 00:20:14 #
okie don wrote:
A corporation.
See act of 1871.
Pres is CEO of Corp.
We are tenants on land.
Tenants in Common on deed.
See act of 1871.
Pres is CEO of Corp.
We are tenants on land.
Tenants in Common on deed.
Not according to our constitution. The right to private property is one of the 3 primary inalienable rights listed in the preamble of our constitution. The right to LIFE, LIBERTY, and PROPERTY! We are NOT subjects of our government.
Jun 5, 2019 00:21:00 #
Jun 5, 2019 00:26:31 #
JoyV wrote:
What cut in SS? For January, 2018, Trump did an SS increase greater than the total increased under all 8 Obama's years. Then he did the same again for January 2019. Sorry but an increase is the opposite of a cut!
Jun 5, 2019 00:29:53 #
Retired builder wrote:
Actually the SS$ are stolen from the SS funds and ... (show quote)
SS payments are mandatory for all but a select few - railroad, government workers, teachers, police, firefighters are some. They get to KEEP their contributions in a discrete fund for themselves. SS was optional until the late 60s or early 70s, when it was deemed a "tax". So the pols could get their greedy little mitts on it
Jun 5, 2019 00:30:28 #
Jun 5, 2019 00:32:23 #
whitnebrat wrote:
As to your initial question ... no. The only way that capitalism survives is in a regulated form to make sure that the consumer doesn't get shafted, and that there is fair competition. If you have either of these conditions, it's a no-go.
If a business charges far more than their competitors, the consumers won't patronize that business. Having government price regulations cause more harm to the consumer as well as to businesses. It eliminates or restricts competition so prices do not reflect the demand and competition for customers. When I was a kid, I remember gas station price wars. There were no restrictions on what the owner of a gas station could charge. But to get the most customers, they could not charge more than their competitors. And to pull customers away from their competitors, the price might be dropped. Then the war would start. Each station lowering their price below their competitor in turn.
Jun 5, 2019 00:35:25 #
Retired builder wrote:
Actually the SS$ are stolen from the SS funds and ... (show quote)
I didn't know it wasn't mandatory. Does that apply to any employee in any field?
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