system of entitlement

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netrox

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It annoys me to no end when tea party people think we're the society of entitlement.

Ok, let's see, we work. We earn. We pay taxes. And when we retire, we get our money back. Exactly how is that a system of entitlement? We have the right to get our hard earned money back. It's an "insurance policy" for all of us.

Sharron Angle Flip-Flops On Social Security, Unemployment Benefits

SSI, contrary to popular belief, is NOT getting money from Social Security fund. It's coming from regular tax money.
 
netrox said:
It annoys me to no end when tea party people think we're the society of entitlement.

Ok, let's see, we work. We earn. We pay taxes. And when we retire, we get our money back. Exactly how is that a system of entitlement? We have the right to get our hard earned money back. It's an "insurance policy" for all of us....
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What about people who don't work, don't earn, don't pay taxes, and still get money back?

When we retire, we don't "get our money back." The money that is taken out of our pay checks for Social Security now, is being spent to support people who are collecting Social Security now. When we retire, we'll be collecting money from the people who will be working at that future time.
 
"What about people who don't work, don't earn, don't pay taxes, and still get money back?"

You don't get money back. It's paid by our taxes. That's called SSI. It does NOT come from the Social Security fund but from taxes.
 
netrox said:
"What about people who don't work, don't earn, don't pay taxes, and still get money back?"

You don't get money back. It's paid by our taxes. That's called SSI. It does NOT come from the Social Security fund but from taxes.
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So you do agree that those who pay into Social Security don't "get money back" when they retire?

People who don't pay income taxes do get income tax refunds in the form of EITC.

If money isn't earned, and you don't want to call it entitlements, then what would you call it?
 
netrox you might want to drop this...Reba is kicking you ass for sure.
 
Reba, you HAVE to earn credits to get social benefits. You don't get it for free. You pay into the system and you get it back when you retire. You HAVE to earn credits in order to receive them and the amount varies with the credits you earn.

With SSI, it's not the case. It's out of our tax money, not out of our SS fund. It's totally different.

The whole idea of "entitlement" makes it sound like we're getting FREE money for nothing. It's NOT the case. We're ENTITLED BECAUSE WE WORKED for it. We PAID SSA/Medicare taxes. We didn't get them for free. If you get SSI, it's "free money."
 
To make things clear:

"entitlement - A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs."

U.S. Senate: Reference Home > Glossary > entitlement
 
Reba said:
To make things clear:

"entitlement - A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs."

U.S. Senate: Reference Home > Glossary > entitlement
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Exactly... but the way she worded it sounds like we're just a society of free money. In other words, she's twisting the actual definition of "entitlement" as to mean that we're getting FREE money and that's not true.

It's like saying that we shouldn't get our money back at all.
 
netrox said:
Exactly... but the way she worded it sounds like we're just a society of free money. In other words, she's twisting the actual definition of "entitlement" as to mean that we're getting FREE money and that's not true.

It's like saying that we shouldn't get our money back at all.
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:confused:

I know people who literally haven't worked a single day in their lives and are on the dole. They have not contributed a single cent into the system. Zilch. Yet they get money each month from the government. How is that not free money?
 
netrox said:
Exactly... but the way she worded it sounds like we're just a society of free money. In other words, she's twisting the actual definition of "entitlement" as to mean that we're getting FREE money and that's not true.

It's like saying that we shouldn't get our money back at all.
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I understand your beef with Angle. Her specific targets, VA, Social Security, and unemployment compensation, are not the same as welfare or dole payments.

Society, in general, does expect too much "something for nothing," true, but programs that are paid into (by cash or kind) by recipients shouldn't be put into that category.
 
Reba said:
What about people who don't work, don't earn, don't pay taxes, and still get money back?

When we retire, we don't "get our money back." The money that is taken out of our pay checks for Social Security now, is being spent to support people who are collecting Social Security now. When we retire, we'll be collecting money from the people who will be working at that future time.
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And that isn't a very good prospect with the younger generation coming up with shaky work ethics at best. That is why it is better to invest in your own retirement rather than assuming that SSI will take care of it. As soon as I land a decent job I will be investing in some type of retirement plan, likely a 401(k) plan.
 
Dixie said:
And that isn't a very good prospect with the younger generation coming up with shaky work ethics at best. That is why it is better to invest in your own retirement rather than assuming that SSI will take care of it. As soon as I land a decent job I will be investing in some type of retirement plan, likely a 401(k) plan.
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You're right.

It's too late for me get any use out of a 401(k) plan.

I did contribute to a private plan when I worked for an interpreting agency but I lost my money in that one. :(

I will get a retirement pension for my Navy/Naval Reserve career starting next March.
 
Dixie said:
And that isn't a very good prospect with the younger generation coming up with shaky work ethics at best. That is why it is better to invest in your own retirement rather than assuming that SSI will take care of it. As soon as I land a decent job I will be investing in some type of retirement plan, likely a 401(k) plan.
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Really? That takes guts, particularly when you saw so many people lose half the money in those accounts last year. :|
 
My other alternative is to work until I keel over.

There aren't going to be enough younger workers around to support the Social Security system in the future.
 
Beowulf said:
Really? That takes guts, particularly when you saw so many people lose half the money in those accounts last year. :|
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Yes, but if I am correct you can change the amount you are putting in each pay period, so when it starts to slump you can put in less.

I know the Tyson supervisors each have a 401(k) and whatever they put in each pay period, the Tyson company matches it (up to 1,000 per month). The only reason I know this is because I have two friends who are supervisors at the plant which I work.
 
Reba said:
My other alternative is to work until I keel over.

There aren't going to be enough younger workers around to support the Social Security system in the future.
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Here's a free tip for you: buy silver. It was 5.35 an ounce six years ago and is now 23.45, and I fully expect it to skyrocket any time now. IMO.
 
Beowulf said:
Here's a free tip for you: buy silver. It was 5.35 an ounce six years ago and is now 23.45, and I fully expect it to skyrocket any time now. IMO.
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:ty:
 
netrox are you hiding out? You never did answer the question of how it is possible for people to get money from the government if they have never paid one cent into any funds. I am getting the idea that you are a long-lost relative of Robin Hood but then so is Obama.
 
Beowulf said:
Here's a free tip for you: buy silver. It was 5.35 an ounce six years ago and is now 23.45, and I fully expect it to skyrocket any time now. IMO.
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Beo....in what form? Bars? If yes, which companies are more reputable or would it be better to buy from local coin shops?
 
Yeah, where do we buy em? And is that gonna be more valuable than food and water in the future even?
 
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