Your Ad Here Your Ad Here
Page 1 of 2 12 LastLast
Results 1 to 10 of 16

Thread: Social Security question.

  1. #1
    spinningfreemanny's Avatar I'm everything you want
    Join Date
    Jul 2004
    Posts
    355
    On the issue of social security, I am wondering what other countries implement or have implemented for their forms of social security. Do they even have them? Are some countries in the same predicament as us (U.S.)? I am wondering how radical the Republican's plan of social security is.

    thanks for any imput.
    Do you know everything? do you know 3% of everything? Could it be that what you don't believe in is in the other 97%?

  2. The Drawing Room   -   #2
    vidcc's Avatar there is no god
    Join Date
    Dec 2003
    Location
    USA
    Posts
    5,630
    Please expand... are you talking about management, entitlement or just the amount of claimants?

    itís an election with no Democrats, in one of the whitest states in the union, where rich candidates pay $35 for your votes. Or, as Republicans call it, their vision for the future.

  3. The Drawing Room   -   #3
    spinningfreemanny's Avatar I'm everything you want
    Join Date
    Jul 2004
    Posts
    355
    I am talking about management, and specifically how other countries have managed to avoid the age gap we have now (if any have)...
    Do you know everything? do you know 3% of everything? Could it be that what you don't believe in is in the other 97%?

  4. The Drawing Room   -   #4
    Comic_Peddler's Avatar Poster
    Join Date
    Sep 2003
    Location
    Austin, Tx
    Posts
    256
    How is it really all that radical? they basically want to turn a persons social security system from the current non-interest bearing, out of date system to a proper IRA type account where you will be earning an approximate 4 percent annually.

    I myself would much prefer this program to the current one simply because it will give me more money at retirement. It will also relieve a large pressure of the financial liabilities of the government to fund this program with tax payers money.

    It would be a good idea to go ahead and get this started as in 2008, the baby-boomers will be reaching retirement age.

  5. The Drawing Room   -   #5
    could someone very briefly summarise what the US plans are? All i could find on bbc website was a confusing statement that he planned to meet a deficit by making young people pay less??

  6. The Drawing Room   -   #6
    Biggles's Avatar Looking for loopholes
    Join Date
    Jul 2003
    Location
    Scotland
    Age
    60
    Posts
    8,804
    I am unclear as to what Social Security is in the US

    In the UK we have numerous benefits, tax credits and transfer payments.

    State Old Age Pensions are not called Social Security here (I suspect they may be in the US). Pensions is deemed a more dignified name for a benefit to those who may well have worked for 50 years. State OAP is applicable from 65.

    Social Security is generally seen as a safety net for the poor in the UK - i.e. if you do not qualify for any other form of support, Social Security usually picks you up. It is something off a bette noir for the right who tend to typify the recipients as all young single mothers - something the stats don't actually support.

    I think it is fair to say that the European Union is big on Social Security but I am sure that those outside the Union suspected that anyway.
    Cogito cogito ergo cogito sum


  7. The Drawing Room   -   #7
    Comic_Peddler's Avatar Poster
    Join Date
    Sep 2003
    Location
    Austin, Tx
    Posts
    256
    Biggles, your Old Age Pension is the equivalent to our Social Security.

    Our Welfare, WIC, ect., is the equivalent of your Social Security.

  8. The Drawing Room   -   #8
    Biggles's Avatar Looking for loopholes
    Join Date
    Jul 2003
    Location
    Scotland
    Age
    60
    Posts
    8,804
    Quote Originally Posted by Comic_Peddler
    Biggles, your Old Age Pension is the equivalent to our Social Security.

    Our Welfare, WIC, ect., is the equivalent of your Social Security.
    Ah! so the proposed changes are to deal with demographics. As a rule, Pensions are not paid from a pot that has grown over the years but from current account tax revenues. If there are more old people and fewer young people then the sums get tricky (very tricky).

    The UK is looking at this also, with a number of suggestions on the table - such as raising the retirement age to 70.
    Cogito cogito ergo cogito sum


  9. The Drawing Room   -   #9
    spinningfreemanny's Avatar I'm everything you want
    Join Date
    Jul 2004
    Posts
    355
    Quote Originally Posted by Biggles
    Ah! so the proposed changes are to deal with demographics. As a rule, Pensions are not paid from a pot that has grown over the years but from current account tax revenues. If there are more old people and fewer young people then the sums get tricky (very tricky).

    The UK is looking at this also, with a number of suggestions on the table - such as raising the retirement age to 70.

    aah, ok, same problem here...

    the "baby boomer" generation will soon be wanting their money

    It seems though that the plan that Comic outlined will keep S.S. safe without raising the retirement age or cutting funds; at least thats what is said. The U.S. has the favor of a big strong economy to lean on; for many other countries; this might not be an option.
    Do you know everything? do you know 3% of everything? Could it be that what you don't believe in is in the other 97%?

  10. The Drawing Room   -   #10
    vidcc's Avatar there is no god
    Join Date
    Dec 2003
    Location
    USA
    Posts
    5,630
    Quote Originally Posted by spinningfreemanny
    It seems though that the plan that Comic outlined will keep S.S. safe without raising the retirement age or cutting funds; at least thats what is said.
    what if markets crash ?

    The U.S. has the favor of a big strong economy to lean on;
    you think?
    Last edited by vidcc; 11-20-2004 at 04:00 AM.

    itís an election with no Democrats, in one of the whitest states in the union, where rich candidates pay $35 for your votes. Or, as Republicans call it, their vision for the future.

Page 1 of 2 12 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •