tag:blogger.com,1999:blog-5173950.post7733068242670308281..comments2024-03-29T03:57:26.974-04:00Comments on Grim's Hall: Cash Now!Grimhttp://www.blogger.com/profile/07543082562999855432noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-5173950.post-79964319400597267252012-04-29T05:24:29.387-04:002012-04-29T05:24:29.387-04:00And Libs still buy into the lie that their contrib...And Libs still buy into the lie that their contributions have been in a "lock-box"...BillThttp://www.thedonovan.comnoreply@blogger.comtag:blogger.com,1999:blog-5173950.post-39604153273649548972012-04-28T09:47:42.520-04:002012-04-28T09:47:42.520-04:00Hey, give J.G. Wentworth a few points for bringing...Hey, give J.G. Wentworth a few points for bringing bad opera (good voices, bad lyrics) back to TV! :)<br /><br />That said, I look at my SS contributions as an un-deductable donation to a non profit, and I'm stocking up on skills and an IRA for my retirement, should I ever retire.<br /><br />LittleRed1Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5173950.post-29664507770254386692012-04-28T09:18:19.908-04:002012-04-28T09:18:19.908-04:00I wish! No, I spent much of my career in court li...I wish! No, I spent much of my career in court litigating present values of future income streams (a process that mostly involves arguing over the right assumptions for risk and inflation). I'm not sure what the SS administration is referring to when it values the SS trust fund at 80 cents on the dollar, but it can't literally be a cash-out number. Probably more like a future value number: an admission that the amount isn't at 100% even before you discount to present value.Texan99https://www.blogger.com/profile/10479561573903660086noreply@blogger.comtag:blogger.com,1999:blog-5173950.post-91966400705105037822012-04-28T08:47:57.317-04:002012-04-28T08:47:57.317-04:00Ha! You make it sound like J.G. Wentworth offers 8...Ha! You make it sound like J.G. Wentworth offers 80 cents on the dollar.Donna B.https://www.blogger.com/profile/16771075314473811594noreply@blogger.comtag:blogger.com,1999:blog-5173950.post-30056383832752844932012-04-27T18:23:27.828-04:002012-04-27T18:23:27.828-04:00My point wasn't that you aren't entitled t...My point wasn't that you aren't entitled to it, but that it doesn't exist any more.Texan99https://www.blogger.com/profile/10479561573903660086noreply@blogger.comtag:blogger.com,1999:blog-5173950.post-34606239037263532182012-04-27T14:39:35.929-04:002012-04-27T14:39:35.929-04:00The problem, of course, is that it's not your ...<i>The problem, of course, is that it's not your money.</i><br /><br />Yes, it is. <b>All</b> money sent to government in the form of taxes is our money; we've just allocated it to government for purposes to which we've agreed. <br /><br />If we no longer find those purposes useful, or if we find government has reneged by using the money we've allocated for other purposes, it's entirely legitimate to demand it back, or to avoid hammering those who are currently dependent on government, to stop further payments.<br /><br />The way to achieve that reliably is to fire those representatives who've stopped following the instructions of their bosses--which is us--and keep turning them over until we get a crop that will.<br /><br />Of course that's harder when there's a lack of consensus, but that's a different story. The money we pay in taxes still is ours, even after we've sent it to government.<br /><br />As a result, I'd gladly take the future value of my "entitlement" stream in a current lump sum, but an added requirement would be that the rest of you also would be relieved of the need to keep making those tax allocations to my share.<br /><br />Eric HinesE Hineshttp://aplebessite.comnoreply@blogger.comtag:blogger.com,1999:blog-5173950.post-27176389834477812082012-04-27T14:16:30.160-04:002012-04-27T14:16:30.160-04:00Amen to the, Grim. And if Social Security is ther...Amen to the, Grim. And if Social Security is there when the day comes for me to retire, I'll eat <i>Grim's</i> hat. And let me tell you, I don't look forward the fight I'll go through to try doing so. <b>That's</b> how sure I am it won't be there.MikeDnoreply@blogger.comtag:blogger.com,1999:blog-5173950.post-30658577448565091902012-04-27T11:32:24.768-04:002012-04-27T11:32:24.768-04:00I'd take nothing beyond not having to continue...I'd take nothing beyond not having to continue to contribute.Grimhttps://www.blogger.com/profile/07543082562999855432noreply@blogger.com