Quote:
Originally Posted by DAVES
Everyone has the same view. Tax them and give to me. Covid 19 checks because SOME people could not work were sent to everyone who qualified, including people in the villages who have not worked in years.
Having worked and saved. I was an overnight success it only took me 45 years of hard work and saving, I did not qualify for a covid check. I will once again be forced to pay for it.
Social Security-first of all I was self employed. For people who work for an employer, you pay roughly 7% to social security. Your employer pays the same for you-essentially tax free income. I paid 13% being self employed. People do not understand there is no pile of money with your name on it to pay your benefits. The money we put in went to pay the benefits paid to those who retired before we did-it is spent. When originally past there were, if I recall from my reading 14 people paying in for every person collecting. Today it is 2.5 and the benefits keep going up with insufficient social security tax to cover it.
I predict they will soon pass a bill, hey you saved, you don't need social security. I will scream, but I paid in the top amounts. Reply will be TOUGH. We are already seeing this with medicare some people pay twice as much for the same benefit and do not have a cap on what they will/can extract from you.
Bit coin. I am not buying it. The reality is interesting. No one knows who started it. The name applied does not even exist. There are guesses. It is not sure if it is a man or a woman or perhaps a group of people. You can make money as it a highly volatile. I would suggest all read about the Tulip bulb ponzi scheme of 300 years ago. People also made huge sums with that. It suddenly evaporated. Teasing a little. Tulips do not grow well in Florida.
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I agree with this post 100%, especially the part about Social Security. My husband turned 65 in July and plans to begin collecting his SS benefit when he turns 70, for 125% of the benefit. This is also the year that I will retire and we move to TV, so the extra money then would be awesome... if the benefit still exists. I have wondered if drawing now for a known amount is better than waiting for a larger sum that may not exist. But we do not need the money now, so I am good with the decision.
I have felt for some time that in the end the money will go to those who did not plan well and/or work hard and that we will be denied or given a percentage of the promised amount because we worked hard and have other means of income. We paid in with promises but of course these mean nothing. It is my hope that if / when our money is stolen, the American people will not stand for it.
As for the tulip story, I had no idea. Very interesting and I love reading these posts because I learn so much more than just Village life!!
I found this after a quick search and plan to read more when my work day ends - "The Dutch tulip bulb market bubble, also known as 'tulipmania' was one of the most famous market bubbles and crashes of all time. It occurred in Holland during the early to mid-1600s when speculation drove the value of tulip bulbs to extremes."