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Re: Trump/Ryan $1 Trillion Dollar Deficit, STEAL FROM GRANNY

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Message 1 of 15

@Panjandrum wrote:

KidBoy2:  SS was never intended to be your pension..it was to supplement it.

Get real..please!

 

 

That's a nice thought, but not the reality we live in. What about the millions who never make enough money to save any, it all goes to making ends meet?  Your turn to "get real".


Are you saying that even in this country where there are many freedoms and advantage that people don't have command over their own lives EVEN IF THEY HAVE 30 - 40 OR MORE YEARS TO CHANGE THEIR LIVES (and their income earning ability).

 

If I believed that, I should have given up when I was 17 years old.

 

Look I know people that don't understand the basics of anything and don't want to learn them - saving, credit, home purchase, budget, emergency fund availability.  They live for today, whatever way they can.  

 

Then I know people very similar in nature to the ones above but they make the conscious decision to learn about things and create a plan to change their lives and do.  

 

30 - 40 or more years is a long time to deny the reality that someday one may not be able to pull in necessary work funds to keep ones head above water.

 

The life which one creates has consequences.

 

 

 

 

* * * * * * * * *
MY SIGNATURE: "It’s Always something" - Roseanne Rosannadanna
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Re: FDR saw people's homes STOLEN by Bankers after 1929 CRASH

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Message 2 of 15
Panjandrum Valued Social Butterfly..posted this
‎09-15-2018 05:00 PM

Bkohatl: A recent study found that 50% of the American People could NOT COME UP WITH $400 CASH IN AN EMERGENCY. How the hell are they supposed to afford an IRA?

=====================================================

That is telling if true. It shows that people are not putting any money away for a emergency...when most I am sure could.

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Re: Trump/Ryan $1 Trillion Dollar Deficit, STEAL FROM GRANNY

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Message 3 of 15





Panjandrum post...


That's a nice thought, but not the reality we live in. What about the millions who never make enough money to save any, it all goes to making ends meet? Your turn to "get real".

/////////////////////////////////////////////////////////////////////////



This is my post...

‎09-14-2018 06:30 PM
I think when the 71 year old told Ryan that was his pension it was telling of the mindset of our country. Do not save "big brother" has to take care of me and owes me a good pension...the Democrats are great at that which you should know.

SS was never intended to be your pension..it was to supplement it.

Get real..please!

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm

You are not getting real. That's OK.

If people that can save for their retirement but do not can get help from "big brother"...you know food stamps ...free medical...etc. This paid for by taxpayers like me and my wife that HAVE saved for retirement...and that is just the way it is...no big deal with up.

I just wish our politicians and teachers would instill on people that if they can they should save for their retirement.



//////////////////////////////////////////////////////////////////////////////////////////////



If you saved $5 a day for a year, you would have $1,825 dollars.

You could take the $1,825 and invest it. Even if you add nothing to it, you could reap significant rewards. A very conservative estimate if your investment earns 4% and is compounded once a year shows that you could have $147,000 after 35 years. All you would have to do is give up life’s little luxuries for 1 year, invest that amount, and theoretically let it sit for 35 years.

With $147,000 to spend, you could not only change your life, but the lives of your family. With that you could do the following:

https://www.lifehack.org/articles/money/saving-5-dollar-a-day-change-your-life.html






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Re: FDR saw people's homes STOLEN by Bankers after 1929 CRASH

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Message 4 of 15

Bkohatl: A recent study found that 50% of the American People could NOT COME UP WITH $400 CASH IN AN EMERGENCY. How the hell are they supposed to afford an IRA? 

 

 

Their answer to that is that the lazy little sods should be working 4 jobs instead of just 3.

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Re: Trump/Ryan $1 Trillion Dollar Deficit, STEAL FROM GRANNY

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Message 5 of 15

KidBoy2:  SS was never intended to be your pension..it was to supplement it.

Get real..please!

 

 

That's a nice thought, but not the reality we live in. What about the millions who never make enough money to save any, it all goes to making ends meet?  Your turn to "get real".

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Re: Trump/Ryan $1 Trillion Dollar Deficit, STEAL FROM GRANNY

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Message 6 of 15

@Olderscout66 wrote:

Since the dawn of Civilization, the wealthiest have ALWAYS paid the vast majority of the costs for maintaining the things that made civilization possible.

They STILL do!

 

It is only the insatable greed of modern Republicans that has called the correctness of this into question and demanded the burden be shifted form those who could pay without forgoing a single pleasure to those least able to pay who sacrifice a great deal.

Greed is those that pay nothing and want more.

 

The following is based on figures from 2011 because the Gov't only examines net worth in the year following a census - things are MUCH more lopsided in favor of the top 20% today, thanks to Republicans blocking all meaningful tax reform and cutting the social safety net.

Top 20% of Americans Will Pay 87% of Income Tax

https://www.wsj.com/articles/top-20-of-americans-will-pay-87-of-income-tax-1523007001

 

The top 1% only spend 30% of their income on their "living expenses" INCLUDING INCOME TAX, and put the 70% in sterile investments that create NO new jobs and serve only to increase their wealth and income for the next year so their AVERAGE net worth is over $6.4MILLION. In 1981 it was $528,000.

The top 1 percent paid a greater share of individual income taxes (39.0 percent) than the bottom 90 percent combined (29.4 percent).

https://taxfoundation.org/summary-federal-income-tax-data-2017/

 

The top 20% hold an AVERAGE net worth of $730,754

 

The middle 60% spend nearly 100% of their income on "living expenses" and have not increased their net worth in the last 30 years, mostly because 76% of their net worth is in the form the family home, which Republican deregulation destroyed in 2008. Their average net worth is $63,800, with the vast majority concentrated at the top of the group. In 1969, the average was $69,000 in same-year dollars and in 1983 it was $78,000. So today the Average American has 92% of what they had in 1969 and 82% of what they had in 1983.

You seem to criticize saving. Is this a liberal trait?

 

The bottom 20% has considerably LESS net worth than they did 30 years ago with an average of NEGATIVE $6,029.

 

And Republicans think the bottom 50% must pay more Federal Income Taxes to have "skin in the game" even after they have been totally SKINNED by Republican economic policies over the last 30 years?

The top earners are the ones getting "skinned" yet the left doesn't seem able to comprehend this FACT and still drone on for more taxes on others and more handouts for THEM!


 

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Re: Trump/Ryan $1 Trillion Dollar Deficit, STEAL FROM GRANNY

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Message 7 of 15




Nearly half of Americans pay no federal income tax
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Re: Trump/Ryan $1 Trillion Dollar Deficit, STEAL FROM GRANNY

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Message 8 of 15

Since the dawn of Civilization, the wealthiest have ALWAYS paid the vast majority of the costs for maintaining the things that made civilization possible.

 

It is only the insatable greed of modern Republicans that has called the correctness of this into question and demanded the burden be shifted form those who could pay without forgoing a single pleasure to those least able to pay who sacrifice a great deal.

 

The following is based on figures from 2011 because the Gov't only examines net worth in the year following a census - things are MUCH more lopsided in favor of the top 20% today, thanks to Republicans blocking all meaningful tax reform and cutting the social safety net.

 

The top 1% only spend 30% of their income on their "living expenses" INCLUDING INCOME TAX, and put the 70% in sterile investments that create NO new jobs and serve only to increase their wealth and income for the next year so their AVERAGE net worth is over $6.4MILLION. In 1981 it was $528,000.

 

The top 20% hold an AVERAGE net worth of $730,754

 

The middle 60% spend nearly 100% of their income on "living expenses" and have not increased their net worth in the last 30 years, mostly because 76% of their net worth is in the form the family home, which Republican deregulation destroyed in 2008. Their average net worth is $63,800, with the vast majority concentrated at the top of the group. In 1969, the average was $69,000 in same-year dollars and in 1983 it was $78,000. So today the Average American has 92% of what they had in 1969 and 82% of what they had in 1983.

 

The bottom 20% has considerably LESS net worth than they did 30 years ago with an average of NEGATIVE $6,029.

 

And Republicans think the bottom 50% must pay more Federal Income Taxes to have "skin in the game" even after they have been totally SKINNED by Republican economic policies over the last 30 years?

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Re: Trump/Ryan $1 Trillion Dollar Deficit, STEAL FROM GRANNY

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Message 9 of 15
@KidBoy2said SS was never intended to be your pension..it was to supplement it.

True, but does that then mean it's OK for Ryan to be taking it away from us, because it's suppose to be a supplement?.

We worked for it, we deserve it. If you want Ryan to keep yours go for it, a lot of us want our Soc Sec. so we do feel Ryan should leave it alone. He's just never satisfied being rich, it's always more, more ,more, take, take, take.



Trouble is The Rep. take, but it's the ones low on the Totem Pole they take from.

===================================================
I have read what we get from SS is not effected by the 1 trillion deficit. SS payments are set by a cost of living index.

I do not understand why you think anything is being taken away from us.

FYI..

As this data visualization clearly shows, the top 1% pay much more than taxpayers of any other income level.

It is almost double as much as the next bracket of top incomes: those earning the 2% to 5% of the highest wages in America pay 20.5% of all Federal Income Tax. Or in absolute terms: $281.51 billion.
It is also almost four times as much as those whose incomes range from the top 6% to 10%. They pay 10.9% of Federal Income Tax, or $149.97 billion.
Those who earn between the top 10% to 25% of wages in America are a much larger group; yet their collective input into the Federal Income Tax is only half as much again as the previous band: 15.9% (i.e. $281.55 billion).
Those with an income anywhere between the top 25% and 50% only pay 10.5% of all Federal Income Tax, no more than $143.95 billion.
The entire bottom half of wage earners pays only 2.8% of its income in taxes into the federal coffers. In actual money terms: $37.74 billion. That is more than 14 times less than the top 1%, even though this group is 50 times as numerous.
These figures show the level of contribution to total income tax revenues by the various income levels. The Tax Foundation also provided figures for what that means for individual taxpayers in each group.

For the richest 1%, the effective average tax rate is 27.2%, meaning that well over a quarter of their income goes into federal coffers.
For the next group (up to 5%), the fiscal pressure is just below a quarter: 23.6%.
Taxpayers with incomes in the top 10% part with just over one-fifth (21.3%) of their earnings.
Those in the top 25% bracket contribute 17.8% of their annual income.
Even those up to the 50th percentile on average still give 15.5% of their annual income to Uncle Sam.
Because about 45% of American households make too little to pay any Federal Income Tax, the average percentage for the bottom half of incomes is dramatically lower – the average Federal Income tax level for this group is just 3.5%.
Nobody likes paying taxes, and all taxpayers agree that everyone who contributes to the national purse should have some say in how the government raises and spends its money. But in this debate, whose voice should be louder: that of the majority at the bottom of the income scale (who contribute the least) or of the minority of biggest contributors (who fork out the most)? Simply put, that question is the foundation of all politics in a capitalist democracy like ours.

Sources: Taxfoundation.org


mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm

One can argue the rich should pay more.

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Re: Trump/Ryan $1 Trillion Dollar Deficit, STEAL FROM GRANNY

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Message 10 of 15

Read an article in Forbes the other day that said the author had calculated the average American worker will need to invest around FIFTY PERCENT of their net income in order to be albe to retire on those investments.

 

Which means they will NEVER be able to retire, which is how you transform "right to work for less" into SLAVERY.

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