You are right. Demand the government pay it back and S/S is good for over 100 years. Kosar I agree anything you put in S/S 30/40/50 grand what ever should be allowed to go to your spouse. And of course in away they say it does. When you go and leave your wife behind she gets the greater amount of S/S. Yours or hers. Even if she did not work her whole life she would get yours. And if you both go at a young age with young kids under 18 they get a check till 18. Should the one time death benefit be more. Sure. But again remember this was not meant to provide a retirement as such. And you want to see insurance companies go nuts. just provide away for the government to provide insurance cheap. Watch what happens to that program before it gets started. As for the 30's Turf it happen an could again Almost has twice. Remember that 100000 grand you put in becomes nothing. Or if it just takes a 30% hit. The numbers are there in history to see. Kosar no one has the perfect answer. But what we got has worked better then just about any government program ever. And it's only going to be in trouble because of to many hands in the pot, called congress.
ss reform
- Thread starter DOGS THAT BARK
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I still haven't figured out how most think these inv accounts must go into stocks--The way I understand it it will be mutual funds-treasurys-money market accounts ect--the latter having no downside--if they do it makes no diff.
I will agree to a point that the element of greedwill surely be there but hopefully "if" this thing floats which I doubt it will, that they would be smart enough to put curbs in it like you can only put max 25% in volitle investment.
Still can't decide if I am for it or against it.I will get short end of stick by 42 days but for the younger I think its great--It just depends how they pay for it. I think GW is trying to put too much on the plate--I would like this a lot more had he not already extended us with the Medicare ** thing which I did not care for in the least.
I will agree to a point that the element of greedwill surely be there but hopefully "if" this thing floats which I doubt it will, that they would be smart enough to put curbs in it like you can only put max 25% in volitle investment.
Still can't decide if I am for it or against it.I will get short end of stick by 42 days but for the younger I think its great--It just depends how they pay for it. I think GW is trying to put too much on the plate--I would like this a lot more had he not already extended us with the Medicare ** thing which I did not care for in the least.
dogs,
Didn't say that it was misstated, I said it was misleading. The tax all goes to the same place, so why would it be ignored when computing the percentage of tax liability.
and kosar, et tu? Every time (outside borrowing) that money changes hands, it gets taxed, so why does Blane and Paige get a pass when their daddy dies?
Didn't say that it was misstated, I said it was misleading. The tax all goes to the same place, so why would it be ignored when computing the percentage of tax liability.
and kosar, et tu? Every time (outside borrowing) that money changes hands, it gets taxed, so why does Blane and Paige get a pass when their daddy dies?
BobbyBlueChip said:
It's not right that somebody works their ass off for their whole life, accumulates some wealth, and unless you get tricky you have to give the government half(or close) of it when you die.
There's plenty of time left for Blaine and Page to get taxed on that same dollar that's been taxed 9x already when they re-invest it or spend it or whatever.
You can see why this is going no place. They say everything is on the table. But the next day they say not this or that. And no one knows how much of anything will work because you don't get straight answers. Even, Bush just started saying things like not sure. Wheres the money coming from no one knows. Why don't they really put everything on the table if they want the American people to get behind any plan. So far there all blowing smoke up our ass.
- Feb 12, 2000
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kosar--the reason why people think the estate tax is okay is because they view all wealthy people as silver spoons.
More than 80% of millionaires in this country, though, are first generation (translated as earning it first hand).
Once again, you and I agree from opposite sides of the fence. Even though you sit on it. :mj07:
More than 80% of millionaires in this country, though, are first generation (translated as earning it first hand).
Once again, you and I agree from opposite sides of the fence. Even though you sit on it. :mj07:
