Social Justice Warriors Thread

[The Conservative]

I'm repeatedly on the record for truly socialized Social Security. No pensions, period. If people want an annuity during retirement, they can pay for it from the extra money their employer gives them to do that.

Has people ever thought about entrusting this to something like a Credit Union? I have a business account with a credit union, and I put a few hundred a month towards my own pension.

Why can't we trust something like that?

[Ph64]

I'm repeatedly on the record for truly socialized Social Security. No pensions, period. If people want an annuity during retirement, they can pay for it from the extra money their employer gives them to do that.

Has people ever thought about entrusting this to something like a Credit Union? I have a business account with a credit union, and I put a few hundred a month towards my own pension.

Why can't we trust something like that?

Most people, left to their own choices, wouldn't save shit. I've known lots of people who never contributed to their (available) 401k... I had two friends that got divorced a decade ago now, they were in hock up to their eyeballs (leased BMW for him when he was a consultant for IBM - pretty much drove it to the airport Sunday night to fly somewhere, and back Friday on a redeye, and then to the golf course Saturday, but he needed it for "comfort" , even the place carpet in their dining room was on a payment plan... they did twice yearly bulk meat deliveries, rented the chest freezer for $100/mo for *7 years* - they could've bought 5 of them for what they paid in that time). I finally convinced them to enroll to get at least the 3% match, two years before they divorced, and they both cashed it out during the divorce. She kept the underwater house for like 4 years before walking away on it with $30k in CC debt.

Most people would simply take any money their employer gave them and spend it on "things today" and have nothing for retirement. Heck, I have several ex-Gfs that were lucky to have 30k saved for retirement by age 50... but they had the camper, the boat, bought cars for their kids, etc.

I paid my 30yr mortgage off in 12 years *and* was putting 10-15% in my 401k the whole time - every GF in that time tried to convince me to lower my 401k contributions and not pay extra on the house... to have more to spend on them and "enjoy it more" - probably why I'm still single.

[The Conservative]

I'm repeatedly on the record for truly socialized Social Security. No pensions, period. If people want an annuity during retirement, they can pay for it from the extra money their employer gives them to do that.

Has people ever thought about entrusting this to something like a Credit Union? I have a business account with a credit union, and I put a few hundred a month towards my own pension.

Why can't we trust something like that?

Most people, left to their own choices, wouldn't save shit. I've known lots of people who never contributed to their (available) 401k... I had two friends that got divorced a decade ago now, they were in hock up to their eyeballs (leased BMW for him when he was a consultant for IBM - pretty much drove it to the airport Sunday night to fly somewhere, and back Friday on a redeye, and then to the golf course Saturday, but he needed it for "comfort" , even the place carpet in their dining room was on a payment plan... they did twice yearly bulk meat deliveries, rented the chest freezer for $100/mo for *7 years* - they could've bought 5 of them for what they paid in that time). I finally convinced them to enroll to get at least the 3% match, two years before they divorced, and they both cashed it out during the divorce. She kept the underwater house for like 4 years before walking away on it with $30k in CC debt.

Most people would simply take any money their employer gave them and spend it on "things today" and have nothing for retirement. Heck, I have several ex-Gfs that were lucky to have 30k saved for retirement by age 50... but they had the camper, the boat, bought cars for their kids, etc.

I paid my 30yr mortgage off in 12 years *and* was putting 10-15% in my 401k the whole time - every GF in that time tried to convince me to lower my 401k contributions and not pay extra on the house... to have more to spend on them and "enjoy it more" - probably why I'm still single.

Well then they deserve what they get, those who want to save money will, those who don't need to move to Russia or a socialist country so they can live off of other people's work.

[SuburbanFarmer]

I'm repeatedly on the record for truly socialized Social Security. No pensions, period. If people want an annuity during retirement, they can pay for it from the extra money their employer gives them to do that.

Has people ever thought about entrusting this to something like a Credit Union? I have a business account with a credit union, and I put a few hundred a month towards my own pension.

Why can't we trust something like that?

Most people, left to their own choices, wouldn't save shit. I've known lots of people who never contributed to their (available) 401k... I had two friends that got divorced a decade ago now, they were in hock up to their eyeballs (leased BMW for him when he was a consultant for IBM - pretty much drove it to the airport Sunday night to fly somewhere, and back Friday on a redeye, and then to the golf course Saturday, but he needed it for "comfort" , even the place carpet in their dining room was on a payment plan... they did twice yearly bulk meat deliveries, rented the chest freezer for $100/mo for *7 years* - they could've bought 5 of them for what they paid in that time). I finally convinced them to enroll to get at least the 3% match, two years before they divorced, and they both cashed it out during the divorce. She kept the underwater house for like 4 years before walking away on it with $30k in CC debt.

Most people would simply take any money their employer gave them and spend it on "things today" and have nothing for retirement. Heck, I have several ex-Gfs that were lucky to have 30k saved for retirement by age 50... but they had the camper, the boat, bought cars for their kids, etc.

I paid my 30yr mortgage off in 12 years *and* was putting 10-15% in my 401k the whole time - every GF in that time tried to convince me to lower my 401k contributions and not pay extra on the house... to have more to spend on them and "enjoy it more" - probably why I'm still single.

That’s hardcore, man. Good job.

I hope that 401k is headed for the bond market, or precious metals soon.

[Martin Hash]

Because someone drove a BMW when they were 40, doesn't mean that's the lifestyle they have to retire to. They'll just have to learn to live on Social Security, and all the Senior Benefits. (Even at 50, I was able to get all kinds of discounts ordinary, hard-working, poverty-level families couldn't get.)

[Speaker to Animals]

Because someone drove a BMW when they were 40, doesn't mean that's the lifestyle they have to retire to. They'll just have to learn to live on Social Security, and all the Senior Benefits. (Even at 50, I was able to get all kinds of discounts ordinary, hard-working, poverty-level families couldn't get.)

Just throwing this out there...

What if we bought up foreclosed single family homes and issued them to retirees and disabled for a modest reduction in their monthly awards. When they pass away, we just renovate and re-issue the home to somebody else.

Housing is likely the largest cost after health care that we need to cover in the elderly. Why not just lock in the costs now and reduce what we need to pay out each year? We'd still need contractors to come out and keep the place functioning, I guess. Maybe it's not as cheap as it seems. Not sure.

[Martin Hash]

Because someone drove a BMW when they were 40, doesn't mean that's the lifestyle they have to retire to. They'll just have to learn to live on Social Security, and all the Senior Benefits. (Even at 50, I was able to get all kinds of discounts ordinary, hard-working, poverty-level families couldn't get.)

Just throwing this out there...

What if we bought up foreclosed single family homes and issued them to retirees and disabled for a modest reduction in their monthly awards. When they pass away, we just renovate and re-issue the home to somebody else.

Housing is likely the largest cost after health care that we need to cover in the elderly. Why not just lock in the costs now and reduce what we need to pay out each year? We'd still need contractors to come out and keep the place functioning, I guess. Maybe it's not as cheap as it seems. Not sure.

Reverse mortgages are a damn good idea. (I think the heirs are the ones against them.)

[Fife]

Reverse mortgages are a damn good idea. (I think the heirs are the ones against them.)

Damn good alright. For the state and the banksters.

[Martin Hash]

Reverse mortgages are a damn good idea. (I think the heirs are the ones against them.)

Damn good alright. For the state and the banksters.

Is that you, heir?

[Speaker to Animals]