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Old 06-24-2008
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Member Since: Sep 2006
Location: San Jose, Ca
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Re: SSI under Obama= Welfare?

Quote:
Originally Posted by goober View Post
What class warfare? those were just facts.

And all you would be Social Security privatizers should really take a course in economics.

Social Security funds are invested in US Treasury Bonds, a riskless investment that pays the pure interest rate.
Any investment that pays more involves risk, the cost of that risk will in the long run equal the additional return, due to a thing called arbitrage.
Go ahead, look it up.
goober for a guy that claims that fed tax revenue is/was flat please don't tell me to look stuff up, that’s nervy along with all the other diatribe you trot out here periodically, ala mccains giving intel to the nor Vietnamese etc....

if a 2% rate of return or less, is okay with you cool, then take whatever eskle you have by way iof funds and out it in the same vehicle.....if you need a primer on what happens to ss money go wiki it., it appears you do.

And as far as class warfare thats the crux of juts about every position you hold, you want us me them to pay higher rates of taxs because the gov. needs to spend more, no, no cutting everything from day one needs to remain funded (oh except the trailer dolts in the military)and in this instance go read the article again, you want me to fund someone else’s ssi to boot, screw you.

The tax burden on folks here in the top 10% is huge, not to mention if he raises the cap, employers, who pay into ss for their employee will take a hit too, remember(?). great for businesses yea, but it never seems to be enough when a lib thinks of something else to spend it on, you just think of more creative ways, like this to squeeze more out, I don't think Marcus needs a dictionary, I think you need a headgear check, it is what is proposed and it is what you avow in almost each and every case,...THOUGH in this case again especially it is averse to what your guiding light and hero saw as SS.
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No individual can plan his own existence in their view.

So the state planners must arrogate to themselves the right to manipulate any sector of the economic system if the good of “society” or the “general welfare” is paramount.

Ipso- if the rights of the individual get in the way, the rights of the individual must be sublimated.

The Road to Serfdom
FA Hayek (interpretation)




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