"Super Committee" decides to go full stupid

[Cancel 2016.2]

I agree. We desperately need reform for public corporations that give a greater voice to stock holders.

Thanks again for showing you have no fucking idea what you are talking about. Stock holders have all the voice they need. The problem is that mutual fund managers vote by proxy for all of their shareholders.... and they tend to rubber stamp whatever the companies want in terms of BOD's. That is where the reform is needed.

 

[Cancel 2016.11]

Again... if you can mandate where SS funds are invested now, you can do so again.

Let's take this. I'm sorry but this is ludicrous on its face. You would have to be a full-on, drooling fool to believe that Wall St has been attempting to buy privatization so that they can invest the money in US Treasury bills. I hope you are not trying to sell me those shiny beads, because you have come to the wrong customer. If there is anyone here who believes that Wall St has spent millions trying to buy politicians into privatizing SS so that they can keep the money in US Treasury Bills please raise your hand now and let yourself be known. I want to know who here is this stupid. Just for kicks. Don't be shy, if you buy this, call it out so that you can be known as the village idiot and if any of the rest of us have crap we want to sell we know who to hit up.

Now, who bears the risk in any privatization? All investments carry risks, so who is going to shoulder the risk when we hand over our futures to Wall St? Is it going to be Jamie "Too Big For Accountablity" Dimon? Come on, who's it going to be?

You are juxtaposing social insurance with investment plans, and they are two different things. Social Security is an insurance program designed to guarantee the bare minimum for survival to our nation's elderly. It was not designed to make a profit, it was not designed to make anyone wealthy. There is nothing that precludes you from investing your own money in your own ways. There is zero chance that were privatization to be adopted that individuals would not be able to move their plans. And once they can move them, financial fellas will spend money convincing them to move it to them. And they will convince them by telling them how much more of a return they can get for them. And higher returns involve higher risks.

And this is how the collapse of our very civilization would begin, since no people can be considered civilized who do not ensure basic survival to their elderly. There would certainly be a few big winners, and within that group, there would be a few joe schmoes who got really lucky. Most people would be completely screwed.

Further, any privatization scheme would need current SS receipts in order to create the private accounts. However, as we know, current receipts go to pay current beneficiaries. So where would the money to pay our current retirees come from? Would we slash their benefits or borrow the money? The answer is, slashing the benefits of current retirees is a political non-starter which is why our brave politicians who want to steal MY frigging money, always mew to their stupid cow constituents "don't worry, if you're collecting now, or will be very soon, yours won't be touched".

Which means that of course, we would have to borrow in order to fund the privatization scheme.

WHich would mean increasing the deficit.

 

[The Dude]

BURN!!!

 

[Mott the Hoople]

You truly are a fucking idiot. Again, YOU run off at the mouth with your spoon fed kool-aid induced SCARE tactics.

Privatization does NOT mean Wall Street gets to be responsible for your investments. It means YOU get to be responsible. You MAY have the option to invest in the market or in Tbonds. But privatization doesn't mean even that. It means the GOVERNMENT no longer has control over YOUR asset. YOU DO. You would not be forced to give your money to wall street. No matter what your moronic masters keep telling you. You seriously need to get your head examined coward. Because all you do is spout off left wing nut talking points and then pretend they are fact. You have proven on yet another topic that you have no fucking clue what you are talking about.

Now... run along and hide again.... because we all know you are nothing more than talking points these days. Stupid Parrot.

Keep drinking the kool aid but keep your hands off my SS! If you're that fukcing niave about investment and risk you deserve to be broke when your a senior. I mean I've met obtuse people before but your in the same league as Dixie. You just don't get it. You don't comprehend the difference between insurance and investment. What a nit wit.

 

[Mott the Hoople]

BURN!!!

AND PWND!!!

 

[Cancel 2016.2]

Let's take this. I'm sorry but this is ludicrous on its face. You would have to be a full-on, drooling fool to believe that Wall St has been attempting to buy privatization so that they can invest the money in US Treasury bills. I hope you are not trying to sell me those shiny beads, because you have come to the wrong customer. If there is anyone here who believes that Wall St has spent millions trying to buy politicians into privatizing SS so that they can keep the money in US Treasury Bills please raise your hand now and let yourself be known. I want to know who here is this stupid. Just for kicks. Don't be shy, if you buy this, call it out so that you can be known as the village idiot and if any of the rest of us have crap we want to sell we know who to hit up.

MORE straw men from our resident moron. WHO THE FUCK cares what Wall Street is lobbying for? If you cannot keep up with the conversation due to your inability to think on your own, just say so and be done with it. Enough with the straw man diatribes you fucking moron.

I stated a way in which privatization can occur without any of the fear mongers bullshit of 'u would lose it all in the market!!!'. Are you too much of an idiot to comprehend that Mutt?

Now, who bears the risk in any privatization? All investments carry risks, so who is going to shoulder the risk when we hand over our futures to Wall St? Is it going to be Jamie "Too Big For Accountablity" Dimon? Come on, who's it going to be?

More scare tactics... OH NOZE WALL STREET WILL STEAL OUR MONEY.... you fucking idiot.

You are juxtaposing social insurance with investment plans, and they are two different things. Social Security is an insurance program designed to guarantee the bare minimum for survival to our nation's elderly. It was not designed to make a profit, it was not designed to make anyone wealthy. There is nothing that precludes you from investing your own money in your own ways. There is zero chance that were privatization to be adopted that individuals would not be able to move their plans. And once they can move them, financial fellas will spend money convincing them to move it to them. And they will convince them by telling them how much more of a return they can get for them. And higher returns involve higher risks.

and here we have more left wing nut talking points that the resident kool-aid consuming king is spouting off. Privatizing would actually likely REDUCE the fees charged if done properly you dolt.

You are also an idiot. While higher returns CAN mean higher risk, in todays market environment I can get 7% with minimal risk.... no equity exposure. hell I can get a structured note fixed at 10% for five years.... going variable based on the yield curve after that... You really should stop speaking on this topic that you clearly have nothing more than bullshit talking points to spew forth.

 

[Cancel 2016.2]

Keep drinking the kool aid but keep your hands off my SS! If you're that fukcing niave about investment and risk you deserve to be broke when your a senior. I mean I've met obtuse people before but your in the same league as Dixie. You just don't get it. You don't comprehend the difference between insurance and investment. What a nit wit.

LMAO.... I guarantee I understand the investment world far better than you ever will. You sit here and spout off bullshit talking points that are not even accurate and then pretend to be knowledgeable. You are a joke.

you have no fucking clue what you are talking about. NONE.

you do realize that you could put the PRIVATIZED money into insurance as well? You could put it straight into Tbonds like they currently do? No, you just believe the left wing nut moronic 'privatization means everything is gambled away and anyone can invest in anything and wall street will steal all our money'..... don't you? You ignorant fear mongering parrot.

 

[Cancel 2016.11]

I stated a way in which privatization can occur without any of the fear mongers bullshit of 'u would lose it all in the market!!!'. Are you too much of an idiot to comprehend that Mutt?

Um, I wrote the post. Not Mott.

 

[Cancel 2016.11]

MORE straw men from our resident moron. WHO THE FUCK cares what Wall Street is lobbying for? If you cannot keep up with the conversation due to your inability to think on your own, just say so and be done with it. Enough with the straw man diatribes you fucking moron. I believe that asking why a group of people who hold terrific power within our system, are spending their lobbying dollars on privatization is a very legitmate question and certainly not a strawman. Do you believe that banks are in the habit of spending millions on something for no reason? There is always a motive - what's theirs? It's not US Treasury bills to be sure.

I stated a way in which privatization can occur without any of the fear mongers bullshit of 'u would lose it all in the market!!!'. Are you too much of an idiot to comprehend that Mutt? You did? Can you restate please? I would like to know how you have discovered a way of eliminating all risk in investment? I imagine a lot of people would be interested along with me?

More scare tactics... OH NOZE WALL STREET WILL STEAL OUR MONEY.... you fucking idiot. Actually what I asked is: Who will shoulder the risk? Investment is not insurance, inherently, it holds risk. Who is shouldering that? You did not answer the question. Want to take another crack at it? When individuals incur loss, even great loss, under privatization, who will absorb the losses?

and here we have more left wing nut talking points that the resident kool-aid consuming king is spouting off. Privatizing would actually likely REDUCE the fees charged if done properly you dolt. Hmm...you lost me here. This is what you wrote this in response to: You are juxtaposing social insurance with investment plans, and they are two different things. Social Security is an insurance program designed to guarantee the bare minimum for survival to our nation's elderly. It was not designed to make a profit, it was not designed to make anyone wealthy. There is nothing that precludes you from investing your own money in your own ways. There is zero chance that were privatization to be adopted that individuals would not be able to move their plans. And once they can move them, financial fellas will spend money convincing them to move it to them. And they will convince them by telling them how much more of a return they can get for them. And higher returns involve higher risks Would you care to try this one again? You are also an idiot. While higher returns CAN mean higher risk, in todays market environment I can get 7% with minimal risk.... no equity exposure. hell I can get a structured note fixed at 10% for five years.... going variable based on the yield curve after that... You really should stop speaking on this topic that you clearly have nothing more than bullshit talking points to spew forth. That's nice. So anyway, since we know that many financial salespeople on Wall St are not selling "minimal risk" (Note the use of the qualifier minimal. Is this your admittance that indeed, you have not discovered a no-risk investment scheme), what will you tell the many millions who will lose everything and be left with little or nothing in their old age?

Bolded.

 

[Cancel 2016.11]

LMAO.... I guarantee I understand the investment world far better than you ever will. You sit here and spout off bullshit talking points that are not even accurate and then pretend to be knowledgeable. You are a joke.

you have no fucking clue what you are talking about. NONE.

you do realize that you could put the PRIVATIZED money into insurance as well? You could put it straight into Tbonds like they currently do? No, you just believe the left wing nut moronic 'privatization means everything is gambled away and anyone can invest in anything and wall street will steal all our money'..... don't you? You ignorant fear mongering parrot.

Yes. And if pigs had wings they could fly. What evidence do you have that shows the intent for Wall St to do this were they ever to succeed in getting privatization?

 

[NOVA]

Eliminate the cap, eliminate benefits for anyone earning four times the poverty level, double benefits for anyone under poverty level, phased benefits between.....

charge SS taxes on all income including dividends and interest.....

eliminate employee contribution on all earnings under poverty level, double employer contributions on all employees earning under poverty level.....eliminate the EIC.......

While you're at it, eliminate corporate income taxes, raise taxes on individuals for profits made by corporations on a per stock share basis.......eliminate the deduction of benefit packages from corporate income in calculating profits.....

make all health insurance premiums deductible.....

make college expenses deductible....

eliminate itemized deductions and just keep the standard deduction......

eliminate all other tax credits.....and build them into the standard deduction or simply make them deductibles....

simple tax returns......

start with your W2 or Schedule C (Profit or Loss)
add income from dividends (including corporate profits), interest, rent
subtract health insurance premiums, college tuition, standard deduction
pay tax on what's left.....

Wow .... a socialist with big ideas......

why not just post, "redistribute the wealth and stick it to the rich"......

its shorter and says the same thing.

 

[NOVA]

I'll have to watch it. O'Reilly always looks like he's about to keel over from rage. His face is always purple.

Have someone adjust your TV, meathead.

 

[Cancel 2016.2]

Bolded.

Yes, but it is a straw man in how you put it. you pretended that what I stated somehow equated to doing what Wall Street wanted. Which is complete fabricated bullshit.

Then you create a straw man above. I did not say I could eliminate ALL risk in investment. I stated it would be invested THE SAME AS IT IS TODAY.... IN TREASURY BONDS.

The only way an investor can incur 'great loss' is if the US defaults on its bonds. If they buy bonds and hold to maturity.... NO LOSS.

Yes, social security is an insurance program. But AGAIN, you can also mandate that people invest the money into annuity contracts. SAME thing. Guaranteed income streams for life. Spousal benefits. Yet if they die early, their family doesn't lose the asset as they do if both spouses die early.

You are full of it. You are just spouting off the talking points of the left. You most certainly CAN mandate how and where the funds can be invested. It is done currently every friggin day with 403b/457/401k plans. It is done with every pension fund out there. To parrot the 'there be no way to control where they invest it' is a bullshit talking point. Nothing more.

Again... I never stated I had a NO RISK investment. You don't even know what a structured note IS, yet you deride it. The point was that you don't have to take the risk of the equity market to get decent returns. THAT is the point I was addressing..... where you said higher returns mean higher risks. Here is an piece of info for you... Over the last 30 years... bonds have outperformed the stock market on average. Yet bonds have less risk. So please, don't bother continuing on if you are just going to parrot bullshit talking points.

 

[Cancel 2016.2]

Yes. And if pigs had wings they could fly. What evidence do you have that shows the intent for Wall St to do this were they ever to succeed in getting privatization?

Again.... Wall Streets 'intent' is irrelevant to our discussion. I could care less what they want. I am trying to open your eyes to how privatization can work without all the bullshit fear mongering lines of crap that you have been fed EVER having a chance to come to fruition.

 

[Cancel 2016.2]

I stated a way in which privatization can occur without any of the fear mongers bullshit of 'u would lose it all in the market!!!'. Are you too much of an idiot to comprehend that Mutt?

Um, I wrote the post. Not Mott.

Thats how poorly it was written. It brought you down to the ultra low level of Mutt

 

[SmarterthanYou]

Keep drinking the kool aid but keep your hands off my SS! If you're that fukcing niave about investment and risk you deserve to be broke when your a senior. I mean I've met obtuse people before but your in the same league as Dixie. You just don't get it. You don't comprehend the difference between insurance and investment. What a nit wit.

are you somehow under the impression that SS makes seniors wealthy?

 

[Cancel 2016.11]

Yes, but it is a straw man in how you put it. you pretended that what I stated somehow equated to doing what Wall Street wanted. Which is complete fabricated bullshit.

Then you create a straw man above. I did not say I could eliminate ALL risk in investment. I stated it would be invested THE SAME AS IT IS TODAY.... IN TREASURY BONDS.

The only way an investor can incur 'great loss' is if the US defaults on its bonds. If they buy bonds and hold to maturity.... NO LOSS.

Yes, social security is an insurance program. But AGAIN, you can also mandate that people invest the money into annuity contracts. SAME thing. Guaranteed income streams for life. Spousal benefits. Yet if they die early, their family doesn't lose the asset as they do if both spouses die early.

You are full of it. You are just spouting off the talking points of the left. You most certainly CAN mandate how and where the funds can be invested. It is done currently every friggin day with 403b/457/401k plans. It is done with every pension fund out there. To parrot the 'there be no way to control where they invest it' is a bullshit talking point. Nothing more.

Again... I never stated I had a NO RISK investment. You don't even know what a structured note IS, yet you deride it. The point was that you don't have to take the risk of the equity market to get decent returns. THAT is the point I was addressing..... where you said higher returns mean higher risks. Here is an piece of info for you... Over the last 30 years... bonds have outperformed the stock market on average. Yet bonds have less risk. So please, don't bother continuing on if you are just going to parrot bullshit talking points.

I guess I have to admit that I am amazed that you are attempting to decouple privatization from Wall Street. Maybe you could care less what they want, but asking anyone to believe they wouldn't have the largest say-so is either naive or calculating.

You claim that workers would control their own money, and then you claim that the money would be invested the same as it is today, in US Treasury Bonds. So they control their own money as long as they keep it in US Treasury Bonds? And they will not be given the opportunity, maybe once a year, maybe less often, maybe more often, to change where they invest their money and with whom?

I cannot believe you are seriously making this claim, please clarify. You can drop all of the shouting and "You know nothing"'s , and just state if this is your claim, yes or no.

 

[Cancel 2016.11]

are you somehow under the impression that SS makes seniors wealthy?

How can you have read this thread and pulled that out of it?

NO ONE IS making that claim.

It is an insurance program designed to INSURE that our elderly are not without basic needs, food, water, shelter.

 

[Cancel 2016.11]

Thats how poorly it was written. It brought you down to the ultra low level of Mutt

Oh, I don't think so. I think you got very angry and not because it was poorly written.

 

[Cancel 2016.11]

Again.... Wall Streets 'intent' is irrelevant to our discussion. I could care less what they want. I am trying to open your eyes to how privatization can work without all the bullshit fear mongering lines of crap that you have been fed EVER having a chance to come to fruition.

Well, call me a moron a few more times and tell me I know nothing. That always opens my eyes.