This group loses big under the GOP Social Security plan

a reply to: Indigo5

did you read the link? The counties completely opted out of SS, and instead implemented a totally different program that does the same thing that SS does, but offers better benefits and return.

The same amount each check gets taken out the same as if it was SS

a reply to: ManBehindTheMask
That is how it is where I work. They still take out 6.2% of my paycheck but it goes into a employee matched 401K. We do however still pay into Medicare.

a reply to: ManBehindTheMask

Didn't read the link. Apologies... will do so shortly

a reply to: ManBehindTheMask

Yes, that is a govt entity that opted out. Programs like that one are set up with a stable workforce in mind; employees are "vested" in the program after so many years of employment. It used to be that corporations also had a stable workforce, employees getting their "50 year" pin at retirement, but that went away decades ago.

What the (American) corporate oligarchy have wanted for decades now is to have a workforce that no longer depends on them for benefits (and now also the right to do with their workforce whatever they want). Other countries in which they had to compete had govt health and retirement programs. Corporations in those countries didn't have to pay "worker benefits".

Corporations will not normally set up the type of program in your source, because the investing is meant for a pool of stable workers. What the corporate elite opted for instead is the 401K, a "portable" retirement plan. SS is also a portable plan, but it was never meant to be the single source of retirement income.

There is nothing wrong with a 401K (and similar investment ideas) per say, as long as one had a stable retirement income coming in from another source (i.e. SS). But the idea now is that the 401K is THE retirement income, because the Koch ideology wants to strip govt of all its modern world functions, making military, policing, and courts its only function. There will be no more SS or SS disability. They believe there is no govt role in "general welfare". No commons, no well fare.

And, yes, Wall Street indeed has gone along with the Koch Bros ideology, because Wall Street could hardly wait to get their hands on all your private investment dollars! And the financial industry could sell you more "products".

a reply to: Indigo5

Privatization would be the largest EFF over of the average American in history..

Hell..right now you need a PhD in Finance to calculate the gazillion ways that Wall Street bleeds the average 401k through fees over years. Why not completely deregulate them and then give them Trillions in Americans life savings...what could go wrong?

And the same Americans who are against "big govt" will be crying for govt bailouts and help when it's their money in Wall Street retirement accounts that are threatened.... but this time, there will be no govt to bail them out.

The GOP will immediately go after Medicare also. Their myth is that they want to "save it", but what they mean by that is save it for their private insurance friends. The GOP wants to privatize Medicare ASAP, turn it over to the private insurance industry..... hahaha and people thought the ACA was bad!

a reply to: desert

I agree...with trump coming in and his penchant for "tweet" governance, he can play to the 30% to 40% of his base supporters that this is in their "best interests". and, those same percentages of people have been convinced by him that whatever the MSM says about it, are lying. so they will not believe the criticism that comes from the "actual" experts about the deleterious affects this will have on a nationwide basis....in other words, the regular media will be "paddling upstream against the bulls**t"

a reply to: jimmyx

people have been convinced by him that whatever the MSM says about it, are lying. so they will not believe the criticism that comes from the "actual" experts about the deleterious affects this will have on a nationwide basis

... desert searches for a prize for Best Quote of the Day .....

Yes. That is indeed what will happen. That tactic has worked .... up until now. I can only hope that once we the "little people" finally get directly hit by the sh## that will hit the fan come the new administration, that finally the average American will understand what has been happening over the decades.

Tom Price, Trump's pick for Secretary of the Department of Health and Human Services (HHS), wants to do away with "balance billing" in Medicare, meaning those receiving ANY Medicare will NOW BE BILLED FOR EXTRA CHARGES over the Medicare-approved amount!

That will reverse the trend (of Obamacare) to keep people going into bankruptcy over medical bills!! Make Americans Bankrupt Again!!

A read for more about "balanced billing". If the trend to do away with "all those pesky regulations" take hold in private insurance, God help us! God help the American who is NOT a millionaire or billionaire.
Balanced Billing Is the Ugly Beast of Medical Insurance

a reply to: desert

Thank you for the info about balanced billing and Tom Price. I will spread the word to my senior friends.