Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (130531)	1/31/2013 9:17:23 AM
From: John Vosilla	1 Recommendation Read Replies (1) \| Respond to of 149317

So this is 'socialism' even though we have record wealth disparity in this country?

To: RetiredNow who wrote (130531)	1/31/2013 12:25:58 PM
From: tejek	Respond to of 149317

Social Security is primarily funded through dedicated payroll taxes called Federal Insurance Contributions Act tax (FICA). Tax deposits are formally entrusted to the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, the Federal Hospital Insurance Trust Fund, or the Federal Supplementary Medical Insurance Trust Fund which comprise the Social Security Trust Fund. [4] According to economist Martin Feldstein, the combined spending for all social insurance programs in 2003 constituted 37% of government expenditure and 7% of the gross domestic product. [5] Social Security is currently estimated to keep roughly 40 percent of all Americans age 65 or older out of poverty. [6] en.wikipedia.org

To: RetiredNow who wrote (130531)	1/31/2013 10:47:22 PM
From: denizen48	1 Recommendation Read Replies (3) \| Respond to of 149317

It used to be that simple, until robots made better cars, China took all our manufacturing, computers made it possible for a few to collect all the profit. Your theories are based in a vacuum which ain't there anymore. You appear to know next to nothing about the struggles of the younger generation with their student loans. A good spokesman for your attitude would be Mary "let them eat cake." Your brand of capitalism won't improve our world.