If there’s any way that we can avoid a high-school level politics discussion that’d be great.
From what I gathered from reading it seemed as if it was an account that could be accessed at anytime. Which IMHO is a good thing and should be allowed, it is your money after all. Just like I said before you could use it to live lively in your youth allowing yourself to buy nice cars and such or be more reserved and travel abroad in your older age. I for one am all for it, personally I would put some type of lock on it so I wouldn’t touch the damn thing till a certain age so I build up some dough then I could do whatever I wanted if necessary or if I wanted to take on a personal business endeavor. My dream is to do music production but I’ve always wanted to open my own store back home where half of it was a decently sized comic shop and the other half was filled with competitive arcade games (i.e. every SF, tekken, virtua fighter, etc etc.). Jersey Devil Arcade & Comics lol.
Oh Severin, Severin, Severin… Don’t give me that analytical insurance BULLSHIT talk. Those pansies make more money than God! Did you not hear back in like 08 or 09 when these INS companies took 5% to 15% from employee’s salary? These employee’s were the ones making under 100k per year. All this had to do with the recession and the economic status or whatever and people believed it , UNTIL, the end of their fiscal year when share holders and board of directors got a 30 to 50 million dollar Bonus. Mind you, the entire time before the announcment of this bonus, these “Share Holders/Directors” were telling everyone how they were taking pay cuts too and how it isn’t going to be a good year, blah, blah, blah. No wonder those guys were on national fucking news and got audited. The rich stay rich, the poor want to stay poor, and the middle class man gets skull fucked!
You guys wanna talk scams?
Car insurance. It’s at least $50 a month for most cars, it’s required to have by law, and the cost to have it DOUBLES if you ever need it.
That’s a scam.
Also, TvC kicks ass. See? I’m on topic. 
Are you saying our discussion is high school level Shawn?
Just saying that these things devolve the more people you add to them.
Fuck it, go for it.
I am a libertarian but also a realist. Most of those ideas do not apply to how things are actually done in this country today. I choose to adapt to the system I am given, even if far less than perfect.
Lycan - do you itemize deductions? MS state income tax can be deducted. Since TN has no state income tax, I hope everyone who lives here and itemizes remember to deduct state sales tax.
Jason - only if you mean how complex actually filing tax becomes would I agree about the right to complain. Business owners get tax breaks and errr um errr, it’s much easier to “push the envelope” on deductions. Deductions are a huge grey area in taxes, a lot of things you don’t even need to explicitly document. Just pray you don’t get audited lol. But it does get messy if you try to do it on your own.
Joker: I was just curious. I dont think that makes much sense in general but good luck on your paper
Lycan: I never said they were saints. I said you don’t understand how insurance works. There are many reasons as to why health INS is as high as it is. Remember I get to deal with this shit all the time since my wife has health issues. We shelled out so much damn money last year over her surgery it was not even funny. But saying INS companies are OP doesn’t really address the full issue. AIG needed a wake up call and should have been allowed to fail but thats another discussion entirely. As of now pay your INS premium and be thankful you are generally healthy. Pay attention to what your elected officials are doing for healthcare and vote. Other than that save up some money for a bad day. Most people even with INS are one medical emergency away from bankruptcy.
You guys are allowed to discuss sex and politics here if (and only if) every sentence is a Street Fighter themed double entendre.
Seriously, how much more off-topic can you guys get?
Demon’s Souls is the fucken shit.
What the hell else are we going to talk about on a Thursday afternoon while most of us at work? Breaks up the monotony.
If it makes it better though throws are cheap.
Vandy, I honestly do not itemize deductions. I didn’t even know MS income tax can be deducted. Talking to a few people around here it’s like breaking even when living in Tenessee and working in MS as far as MS state tax is concerned. Then again, I have to look more into this.
About business owners, I think your dead on. I always thought business owners get better tax breaks!
Joker,
Your discussions sounds interesting but isn’t like having your 401k when you want it. I mean, if you have a private social security account then why touch it until a certain point? Maybe when the account is mature enough to invest in something not so risky to not lose all of it. Ellaborate foo! Don’t get me wrong, I like the idea, I just didn’t understand it fully!
Another link from my constant canvasing of the internet:
http://www.capcom-unity.com/s-kill/blog/2010/02/02/fan-made_final_fight:_the_movie_trailer
Ain’t it?
It’s one of those games that I have a hard time putting down.
And yes, please change the subject once and a while. Atleast those who want. Some of these discussions are not Video game related but, you might learn something along the way!
P.S. Fuck Dictator!
The actress playing Jessica was horrible. Just horrible. I bet she is on well fare now that she is unemployed. Prolly still driving a nice car though right Lycan?
Lol this is the idea now stay with me I don’t understand how you guys don’t get it:
- Social Security is money taken from YOUR checks to pay for OTHERS well being, not yours. Any taxes you are spending on SS are used to pay those who are now able to get it. On what standard? Just because its always done we have to do it? Nah man it’s gonna run out and guess what we won’t be there when its time for our checks to be cashed. A reported 77 million baby boomers are marching towards retirement and people are living longer every day, hence more money needs to be spent than before because people are making more people and people are living longer.
By you paying SS you aren’t getting ANY of that money, it’s apparently not yours anymore. You are instead paying for a “promise” that you will get in return from your children and your childrens’ children
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Social Security is taken from everybody and any surplus revenue made from SS is then put into a “trust fund” in case anything goes bad. This “trust fund” is speculated start to being tapped around 2017 and be gone by 2041.
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Now onto the whole idea:
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Instead of the government taking the SS money you are paying to pay for these other people, privatized accounts could be set up to have a small portion of that money be put into these accounts, FOR YOU becuase it’s YOUR MONEY that YOU worked for that YOU put YOUR time into. The only reason I say small portion is because if we went all willy nilly and just cut off SS and instead went directly to privatized accounts there would no longer be a flow of money to keep current SS solvent. But, if done where a certain percentage was put into this account and increased annually till the old system was phased out and everybody had privatized accounts then it could keep those who had the old SS solvent until they are dead and gone.
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In regards to when it can be accessed it would be ANYTIME. It’s YOUR choice it’s YOUR money. Life it to the fullest at a young age or do it big when your an old fart. Wait a decade and invest it all in stocks or put a down payment on a car, business, or house for all I care.
I don’t understand why you guys aren’t getting it, SS taxes are money that SHOULD BE YOURS, screw paying for promises of what I will possibly get, I wanna know it’s there when i need it.
I think for Lycan and I the issue is it doesn’t make much sense. Why would the government take money from your check and put it into a separate account that you could touch any time? That is a waste of time. Just put the money into your standard account and use it for whatever you want just like you do the rest of your money.
My main issue with this is we know in general people are stupid with money. So you will have a bunch of people who use all their “Social Security” money for whatever. Then they get old and cant afford medical care or other basics and you have more people on systems like well fare. You also have a large demographic of the population who is older, has no money and can vote.
If you are going to go this route. Why not just pull out money from their check and put it into a personal annuity that doesn’t mature until the person reaches a certain age. Then they still get to use it for themselves but it also will be held until they need it and will curb some of the idiot spending.
Nice car…she probably has a Rolls Royce with a Brit chauffeur and is on well fare! Balrog and Dudley are probably her body guard’s too and those foo’s are on well fare as well!
Now, I know Health INS is alot more comlex than others, but what about car INS? I have had it for well over 9 yrs and I have never so muched as dinged another car, nor have I ever needed to use for any reason. Back in 2004 when I worked for Smith&Nephew Orthopedics, they offered me some type of side accidental death Insurance that if I had died in a car wreck, with the seat belt fastened only, and the accident was not caused by me, then they would give by benificiary an extra 150k on top of my regular life insurance policy. Mind you it was only 5 bucks every 2 weeks but what are the odds of me dying in a car wreck, with my seat belt fastened, and it couldn’t be my fault? Not to mention all the other fine print details that I was never going to read. It’s idiotic shit like that, that gives me reason to believe that INS agencies are these huge fucking corporations that are corrupt as hell.
Due insurance in general is about managing risk for profit. Your premium has more to do with everyone else than you specifically. What you pay is based on several factors such as what your individual risk is based on the demographic you are in, is there a large population of uninsured motorists in your area (which as a side note is why car ins is so expensive in MS because the majority of drivers in the state are uninsured), where is your car parked, are you near a school, what it the petty crime rate etc. Its not a one to one scenario. And again you may not have needed to use the INS but other drivers have and to amounts that exceed what they paid in. The INS company has to have funds to cover that in order to stay in business so they can cover you when something does happen. In general insurance is not even a high yield business. Combined ratios for businesses like that are usually around 95 yearly which means after all is said and done the company made 5% profit.
As for life INS there are plenty of crappy ones out there with odd restrictions. Best thing to do is research it i you really want to. Or you could put that kind of stuff in your own hands and save money in another account type for just that reason.