Defending the Truth

WOW - We just happen to have such a program. It's called Social Security.

WTP Update

Check out the lawsuit that says that's not so. It wasn't really ever ratified, and indeed, it was fraudulently claimed to be ratified, but tons of evidence says it wasn't.

I'm assuming that was intended as a joke, correct? I would like to know how somebody could possibly live on $700.00 or so a month. Besides, Social Security is a bankrupt idea. it was a good idea when FDR started it; but it did not take into account inflation as we know it. It couldn't have. This is why I agree with Vharlow in that we must start taking this upon ourselves to learn. Retirement isn't all that far off, people. I'm sure you all will want to live decently and not like the lady I just read about in my local paper that is trying to subsist on 7 cans of tuna fish a week. That's not life- that's a miserable death- in waiting.

Hope he wins. Just might be an inducement to create a flat tax, eh?

I know two people who in the '80s used the logic to stop paying their income tax. Last I heard in the '90s they were still paying back taxes.

I think recently some people told the IRS that if they showed them a law that says they must pay, they would, and the IRS couldn't do that... It might have been fictional, but it sounded good to me. Especially, if the ratification was fraudulent, as this lawsuit contends.

You would think that the Congress would start to seriously consider new tax schemes especially if it is decided in Benson's favor.

I've been waiting for Congress to take anything dealing with fiscal responsibility serious for years. I'm learning to be quite patient.

Billy, I don't believe in that argument. I am personally in the 8 figure yearly income range; and the same things that allowed me to achieve that position are still there. All that is needed is for one to have the wit to learn, and use. What I was looking for is a way to educate our working society about money,investing, insurance and other important issues so that they will be able to retire with little if no worries- not blaming someone or something.
My parents worked until their middle sixties, as many did. My family always had a roof over our heads and food in our stomachs. Having said that; I am the first to admit that they really never understood long term financial planning. Retirement was Social Security and Dad's pension from serving twenty plus years in the Air Force.
I am lucky. I am able to guarantee that my father will enjoy his golden years without having to worry about the basics of life(Mom passed away from pancreatic cancer).Hewill be able to do all the things he dreamed of, but couldn't because he was working to take care of us.
I know many of you think of this issue daily. I think of it everytime I see an elderly person in the local pharmacy who doesn't have enough money to pay for their medications. On several occasions,I have paid for them myself.... I'm sure many of these people had families that they put first; and were never able to save much money-let alone invest money.Many of you out there may already be experiencing this part of life.

Let me correct myself. I was watching San Antonio destroy Utah in the NBA playoffs and misrepresented myself. My holdings have reachedthe 8 figure mark. My Income (yearly) is 6 figure.I apologize for the misrepresentation.

Considering that our capitalist system inherently creates a large base of people at the bottom of our society (that don't have much left over from their paycheck at the end of the week) I think the ONLY answer is a socialized system where people's basic needs are taken care of by the government.

You know what folks. Here is a simple little fact that so few people know that it may shock you. When Roosevelt created the Social Security program, he had initially wanted it to be based upon private accounts, this is why the Social Security number was created. However, when Roosevelt saw that he could not get the bill passed, he enacted the program as it exists today. His goal however, remained to change it to a private account format.

That is why I continue to laugh everytime I hear a Democrat today talking about saving the legacy of Roosevelt and Social Security. In fact the truth is, they are only trampling on his grave.

dmk