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OKdon
Senior Contributor

Unusual logic

Some folks has unusual logic. They beleive if you buy insurance you should not get back any more than you paid in. If you participate in a retirement program your benefits should never exceed your contributions. Evidently those that never had a claim and never qualified for a retirement benefit should have the contributions held by the government or the corporation retaining the assets.

 

Evidently, no one ever told them that all insurance policies and retirement funds have winners and losers. Some peole get back more than the paid in and others don't. It's called shared risk. When you buy an insurance policy you want other people to share in your losses so that you don't get a catestrophic loss on any one event. Perhaps youmay share in the other guys loss and never have a claim paid to you. Who is the winner and who is the loser?  I would much rather pay for Red's Colonostophy than need him to help pay for mine. So the healthy one is the winner and the loser is the guy with the claim.

 

Retirement fund differ in that the beneficiary is the one that lives the longest. Paid for those that don't live long enough. Who is the winner and who is the loser. Well the guy that dies sooner fails to get retirment benefits. Tjhe longer living one gets the benefits but also he expirences the ravages of old age. The pain and suffering that often accompanies old age. So who is the winner and who is the loser. One gets the ;onger life and the retirement money but the other gets a painless life in the glory of heaven. That is if you beleive such things.

 

Everyone wants to go to heaven but not if there is a boat leaving right now. They would just as soon put it off for a bit longer. About the tenth of next month I will receive the next SS deposit. I hope you get one as well. If not, thank you very much for funding mine. Along with my other income I shall survive quite comfortably. Too bad that everyone can't benefit but that simply is the odds.  

 

 

57 Replies
northnd
Senior Contributor

Re: Unusual logic

Funny thing bout them odds deals, the people making the rules don't have to adide by them.  Fed representatives don't contribute to social security or obamacare.  I guess those that preach don't have to either.  Priests and pastors can contribute to their own retirement funds.  So the politician screws you and the pastor buries you.  Yeah, thems the odds.

Red Steele
Veteran Advisor

Re: Unusual logic

Don, the reality is that the USA cannot afford to pay for the retirement benefits that I have already "earned". I am not going to get them, and the other reality is that Obama and the progressives changed the rules of health insurance to make healthier, wealthier individuals help fund the healthcare of lower earners and less healthy people. So its a double whammy.

 

Why on earth would you look at this objectively and not think something wasn't very fair and that something needs to change? We, as a country, are on an unsustainable course, and while it would be nice to have everything be "fair" , that ship sailed a long time ago, and whoever has to straighten out the mess needs to be pragmatic. If you have the ability to pay, you will be required to pay, and if you have the ability to exist without a retirement subsidy, undoubtably that will be the course of events pretty soon....wealthy people are not going to get $30,000 a year from the broke govt, plus health insurance, just because they paid in $500 a year in the 1980's while not paying any federal income tax to fund their Vietnam war. (Remember those investment tax credits you got , and used to avoid paying any federal income tax? Remember how LBJ inflated the system and ballooned the national Debt, just like GW and Obama? I don't, but I have read about it)

 

You seniors have had it the best of any group of Americans ever. Now its time to get real and address the systemic problems.

 

OKdon
Senior Contributor

Re: Unusual logic

Actually the pastor don't bury you. They merely say nce things about you and leave the digging to somebody else. I'm not going to have a funeral. Just pay the digger that does the digging. I'll be damned if I'm going to let a preacher use my service to further promote his gobbely gook. Or perhaps i will if he first has the word LIAR tatooed to his forehead.

OKdon
Senior Contributor

Re: Unusual logic

Red! As long as republicans choose to reduce benefits for seniors before they expose Mitt and Warren to the peril of SS taxation, they will have a difficult time winning my support for their nonsense!

hobbyfarm2145365
Senior Contributor

Re: Unusual logic

Us seniors  have had it the best, what BS we seniors paid our way  unlike our govt farmers who recieve govt paid subsidies evere year after year. How much did farmers"" pay""  toward the ARC and other payts  handout every year.    zippo nothing .  What about crop  ins premiums picked up by taxpayers,  hell you don't even havew to show that amont saved as income.   Ya we're the bad actors  better look in mirror to find the "real". hypocrites are   As stated   "if you have the ability to pay.  you will be reqiured to pay.     can you agree that  we paid our way,  far diferent than govt free farm subsies

 

Hve a good

OKdon
Senior Contributor

Re: Unusual logic

The reason we aren't taxed on the crop insurance subsidy is because it is used to buy crop insurance an expense that offsets the subsidy amount. However, any proceeds from a crop insurance benefit is subject to taxation.

 

However, I do agree that farmer got their noses in the government hog trough so far as they never should criticize the welfare queens. That is the heigth of hypocracy.

 

It does make one wonder if the crop insurance money is really subsidizing farmers or insurance companies. Many of us would never buy the crop insurance without the subsidies. Then one could assume that subsidized crop insurance is really a subsidy to bankers in that it assumes risk that may be on the backs of bankers or their customers.

 

Actually, farmers as taxpayers do pay in part for the crop subsidies. Possibly as much or more than other taxpayers.

r3020
Senior Advisor

Re: Unusual logic


@hobbyfarm2145365 wrote:

Us seniors  have had it the best, what BS we seniors paid our way  unlike our govt farmers who recieve govt paid subsidies evere year after year. How much did farmers"" pay""  toward the ARC and other payts  handout every year.    zippo nothing .  What about crop  ins premiums picked up by taxpayers,  hell you don't even havew to show that amont saved as income.   Ya we're the bad actors  better look in mirror to find the "real". hypocrites are   As stated   "if you have the ability to pay.  you will be reqiured to pay.     can you agree that  we paid our way,  far diferent than govt free farm subsies

 

Hve a good


Your subsidies are in your cash rent. Unerarned income. No social security tax. You get to milk the cow twice.

hobbyfarm2145365
Senior Contributor

Re: Unusual logic

Here we go again your lame excuse to cover your taking of welfare payts from the taxpaperrs is my rent payts.    i have paid  income taxes for more years than you  are old.   I paid in a good some this year and you stood in line to take some for CI premium also some to cover your ARC,PLC payts. WHICH YOU CONTRIBUTE . L-ZIPPO TO.  like you say the govt picks the winner and losers  guess who is the winner. are

 

I paid into SS pregram for all my working years,   much did you pay into any farm support programs that send you a check every

 

year??????????     

hobbyfarm2145365
Senior Contributor

Re: Unusual logic

Don, I understand the tax issue on the unpaid protion of crop ins,  But it really is nothing but a welfare program where farmer enjoy the use of taxpayers protion of premium money with no cost them.  No tax liability or interst libility,  a sweet deal for them  that other nonag  business don't enjoy.   .Why not have the govt subside all the non ag busnises also so they could recieve  income check every year  that would make every business man a socialist.