Soak The Rich : the home game

**Story** · November 14, 2012, 19:17

gates · November 14, 2012, 19:58

Yeah... entitlements consume about $2T of the $2.2T we currently take in - all the stuff on that list is discretionary - about $1.5T...

**Thorack** · November 14, 2012, 21:15

WHAT,

gates your gonna touch boomers entitlements? I hope your wearing a fireproof and bulletproof outfit.

Thorack

gates · November 14, 2012, 21:44

Bro - I am so bullet proof you might as well call me Slick W.:-) why do you think "ears" doubled down on rev's from $800BB to $1.6T - the dumbshit actually thinks he has a mandate when 23 (now 50) states have "I WANT TO SECEDE" (as dumb as the idea is) flashing on the WH servers - there WILL be war - maybe, if it doesn't conflict with Sunday, Monday, Thursday night football - revolution is damn inconvenient... have to get back to you.

**Seaweed** · November 14, 2012, 22:26

Thorack, you are a piece of work.

**Thorack** · November 15, 2012, 07:38

Seaweed,

Truth hurts dont it? Are you one of the average boomers that has less than $10,000 saved for retirement? Do you have the means to live securely in retirement without taking any government money? If so my 18 month old daughter thanks you, if not your an ill prepared leach that needs to get back to work. No more hippie free love and drug experiments, sorry. Time to pay the piper.

Why is it my generation can see Social Security is a Ponzi scheme but yours couldnt?

Thorack

rbswyo · November 15, 2012, 08:38

Quote:

Originally Posted by Thorack

Seaweed,

Truth hurts dont it? Are you one of the average boomers that has less than $10,000 saved for retirement? Do have the means to live securely in retirement without taking any government money? If so my 18 month old daughter thanks you, if not your an ill prepared leach that needs to get back to work. No more hippie free love and drug experiments, sorry. Time to pay the piper.

Why is it my generation can see Social Security is a Ponzi scheme but yours couldnt?

Thorack

says the career gov. bureaucrat.

**Thorack** · November 15, 2012, 08:55

Hmmm,

Bureaucrat? You must need a dictionary. You must be an ignorant boomer leach as well?

Thorack

carguym14 · November 15, 2012, 09:11

Shit,with 0.000% interest my retirement isn't earning squat,and inflation is reducing what I do have on a steady basis,so we are all screwed.

There is no fixing this mess.Period.

rbswyo · November 15, 2012, 10:11

Quote:

Originally Posted by Thorack

Hmmm,

Bureaucrat? You must need a dictionary. You must be an ignorant boomer leach as well?

Thorack

ignorant leach.
since my enlistment ended with discharge in '79, i have not received subsidized food, clothing, shelter, insurance, travel, education, etc., etc. or anything else from the government. nor did i care to.
quite the opposite, i have been forced, under threat of fine or jail, to support what you call the ponzi for the last 35 years.
rap your head against the wall a few times, maybe you'll wake up.

**Gary Harwell** · November 15, 2012, 12:15

Military leech example:
Not to detract from my Bro-in-aw's illustrious career in AF (Korea VN fighter pilot
, astronaut, test pilot) .Retired Full bird at 20 years! Didn't want next step .He's now 84, been collecting full benefits for 40+ years!
Diagnostic medical tests only for him and my sister around $475,000 last year alone.
For what he contributed to the country I have no problem with the number. But I have a problem as a boomer being FORCED to contribute to a ponzi scheme then being criticized for being "greedy". As a business owner and worker for 50 years so far, it's my damn money and I want it when I'm ENTITLED to it ,as promised. And I have a bit more than $10 k in assets.

**Seaweed** · November 15, 2012, 12:46

Thorack, you are a typical internet whiner that doesn't know squat about the person you are commenting on. I would guess that I pay more in state and federal taxes than you make as a salary, if you work. I know I got into the fishing business when I found out my father-in-law was paying more in taxes than I was making. Sure I had to work 100+ hours a week for a couple of decades to get where I am but I was young then...

The answer to your first q is no.

The answer to your second q is yes.

I'm still working at age 67 at three jobs. Somebody has to pay for Obama's folly. Are you helping?

**Thorack** · November 15, 2012, 13:06

Seaweed,

I pay my taxes like every good citizen, glad that you make enough money to be happy, I know I do as well.

As far as Social Security I fully dont expect to get any and wont take it even if offered, my savings plan attests to the fact, besides others that are worse off than me will need it. If you dont need it and it sounds like you dont, why take it?

Its insurance, not a retirement plan. If your a good driver you dont ask for your car insurance money back?

rbswyo,

I pay as well, like I said, fully realizing it will probably not be there if I ever need it. I dont plan on needing it though as I fully believe I will be working until well into my 70's just like my parents are and their parents did. Social Security needs a means test, if you make over $xx,xxx you dont get any. If you are taking other government benefits, that gets subtracted from whatever you were supposed to get from Social Security.

Social Security when created in the 40's was aimed for the last 7 years of life, average life expectency was 72 in 1944, average lifespan in the US today is 82. Do the math.

Lets not even talk about medicare where the average boomer takes out $5 for every $1 they put in. This country is coming to a grinding halt soon and the blame wont be on young folks.

Gary Harwell,

Again I'm working for a military pension but, my wife and I doubt it will be there when I retire in 5 years. Just like your BIL I paid my dues 24 months in Iraq and 3 in Afghanistan. I dont think I'll ever see a pension though. If I do it will be a fraction of its real value because of inflation.

Thorack

gates · November 15, 2012, 13:23

You guys will all get your checks - they just won't buy anything...

**Seaweed** · November 15, 2012, 14:29

My car insurance company never said I would get my premiums back; the gov did say I would get my SS dollars back. I put in $ starting in the '60s and continue to this day. If I put in a dollar in 1965, how much should that dollar be worth today? Is it unreasonable to expect five dollars back for every dollar put in tn the '60s and '70s?

BTW thank you for your service. I only had one year deployed; I can't even imagine three or more deployments of any length.

I DO support rate changes that reflect the ACTUAL costs that we Boomers are inflicting on society in the form of higher rates for higher income people. My heartburn with paying for the huge amount of waste the gov is ignoring. You youngsters should be making noise about that, but I hear next to nothing from you. Why is that?

gates · November 15, 2012, 16:29

Sea - what part of this are you not understanding:

http://www.zerohedge.com/news/2012-1...g-fiscal-cliff

The $ is not there - you have been lied to, you have been a victim of a government sponsored ponzi - we all have - so, you can either embrace austerity (which won't work) OR you can accept the $ being inflated away to nothing (won't work) - they are trying the latter BTW - either way you should get ready for a drastically different standard of living since we have borrowed/stolen ours since the early 80's.

Sorry... everything I just wrote is the exact truth.

357ross · November 15, 2012, 19:58

Anybody who thinks S.S. would ever go into a special 'lockbox' to just be for that purpose, is just plain self decieved. Politicians WILL NEVER leave taxpayer money alone, it's just a fact of life. Hell, even FDR knew it would not last very long.

RG Coburn · November 15, 2012, 20:54

Anybody would be silly to put money into a retirement fund at this juncture. Remember Crazy Ann? If you can't stand there and defend it with an assault rifle...
Any retirement you imagine you own is just ones and zeros on a server,nothing more..

gates · November 15, 2012, 21:33

Your "segregated funds" will be "Corzined" when this farce unwinds - POOF and... it's gone! Just don't come to this econ forum and act shocked - you collectively have been warned in no uncertain terms - only leave what you can afford to lose.

RG Coburn · November 16, 2012, 04:57

I foresee them cleaning out the whole house when the "POOF" happens...bank accounts,Roths,401Ks,annuities,IRAs, you name it.

gates · November 16, 2012, 09:32

Poof is your segregated funds being swept into their general acct to cover margin calls - then it ends up at JPM and you end up with a zero in your account, EVERYONE is in danger of being "Corzined".

RG Coburn · November 16, 2012, 10:37

I would not be surprised if obama had some super-secret exec order all ready that made himself or the fedgov beneficiary of all life insurance policies at some particular tripping point. Or just tax them at a rate of 99%.....

**Texgunner** · November 16, 2012, 11:14

Quote:

Originally Posted by gates

there WILL be war - maybe, if it doesn't conflict with Sunday, Monday, Thursday night football - revolution is damn inconvenient... have to get back to you.

The revolution will not be televised.
-Gil Scott Heron

**Exit308** · November 16, 2012, 11:25

Quote:

Originally Posted by Texgunner

The revolution will not be televised.
-Gil Scott Heron

Sure it will, at first anyway, and with a pro.gov bias.

**Exit308** · November 16, 2012, 11:29

It's kinda funny, some talk of revolution but when a diminutive lady literally tries to pick a fight and start one some of you call her "batshit crazy" and not very sexy.

**Texgunner** · November 16, 2012, 11:37

Quote:

Originally Posted by Exit308

Sure it will, at first anyway, and with a pro.gov bias.

You are right.

**Seaweed** · November 16, 2012, 11:56

Gates, I agree with most of what you say.

I just think a huge amount of money is wasted by fraud and unnecessary administration costs. Eliminate these and there might be possibilities...

Yes, I am ready for a more lean lifestyle.

gates · November 16, 2012, 12:17

Agreed - some estimates I have heard go as high as 30% - 30% fuking percent WASTE and fraud - problem is our politicians - all of them - are in on the game.

**TheDanimal** · November 24, 2012, 00:37

Quote:

Originally Posted by gates

Agreed - some estimates I have heard go as high as 30% - 30% fuking percent WASTE and fraud - problem is our politicians - all of them - are in on the game.

And no one wants to hear it or especially talk about it, but so are a lot of people in the military.

bakerjw · November 24, 2012, 07:24

I've always known that SS will never be worth a squat when I get old enough to even consider retirement. That's why I plan on working for the rest of my life.

L1A1rocker · November 24, 2012, 09:31

Has anyone but me checked every box and looked at the results? It's staggering.

RG Coburn · November 24, 2012, 09:46

Quote:

Originally Posted by L1A1rocker

Has anyone but me checked every box and looked at the results? It's staggering.

Yes....it doesn't matter how much you give them. They will only demand MORE..
Best thing to put retirement money into now is diesel fuel,or nails,or plywood,or tires,or...anything but make-believe funds.

**riffraff2** · November 26, 2012, 20:47

Well,

I know it ain't right and I know it ain't fair, but, after seeing all what the rich/connected/powerful/elite have done over all these years, I have come around a bit, soak em, soak em good, take everything they got cause they are a bunch of scumbags. Take the markets right now, does anyone believe that the markets are not rigged? Does anyone really believe that the markets have never ever been anything other than a rigged game. The problem is: I don't trust the current folks in power to do the right thing. They will just play 'popularism' take from the 'haves', pocket it and everything will be back to the usual. The Bolshevick(SP) revolution is the blueprint.

November 14, 2012, 19:17	#1
Story Old Fart Silver Contributor FALaholic #: 7638 Join Date: Oct 2002 Location: Right here Posts: 5,236	Soak The Rich : the home game Enjoy! http://soaktherich.us/ __________________ The wartime diary of Kriegsmarine Oberleutnant z.S. Max von Zatorski. https://www.facebook.com/SeeklarDiaries

November 14, 2012, 21:15	#3
Thorack Acquisition Corp Dude Bronze Contributor FALaholic #: 748 Join Date: Aug 2000 Location: Omaha, Nebraska, USA Posts: 5,871	WHAT, gates your gonna touch boomers entitlements? I hope your wearing a fireproof and bulletproof outfit. Thorack __________________ 1. Whenever you are talking to a woman realize this person was born insane and you will never be surprised. 2. Never let Doctors cut on you unless its life or death and ALWAYS get a second opinion.

November 14, 2012, 21:44	#4
gates Registered FALaholic #: 129 Join Date: Jul 2000 Location: phx az Posts: 10,429	Bro - I am so bullet proof you might as well call me Slick W.:-) why do you think "ears" doubled down on rev's from $800BB to $1.6T - the dumbshit actually thinks he has a mandate when 23 (now 50) states have "I WANT TO SECEDE" (as dumb as the idea is) flashing on the WH servers - there WILL be war - maybe, if it doesn't conflict with Sunday, Monday, Thursday night football - revolution is damn inconvenient... have to get back to you. Last edited by gates; November 14, 2012 at 22:32.

November 15, 2012, 07:38	#6
Thorack Acquisition Corp Dude Bronze Contributor FALaholic #: 748 Join Date: Aug 2000 Location: Omaha, Nebraska, USA Posts: 5,871	Seaweed, Truth hurts dont it? Are you one of the average boomers that has less than $10,000 saved for retirement? Do you have the means to live securely in retirement without taking any government money? If so my 18 month old daughter thanks you, if not your an ill prepared leach that needs to get back to work. No more hippie free love and drug experiments, sorry. Time to pay the piper. Why is it my generation can see Social Security is a Ponzi scheme but yours couldnt? Thorack __________________ 1. Whenever you are talking to a woman realize this person was born insane and you will never be surprised. 2. Never let Doctors cut on you unless its life or death and ALWAYS get a second opinion. Last edited by Thorack; November 15, 2012 at 17:08.

November 15, 2012, 08:55	#8
Thorack Acquisition Corp Dude Bronze Contributor FALaholic #: 748 Join Date: Aug 2000 Location: Omaha, Nebraska, USA Posts: 5,871	Hmmm, Bureaucrat? You must need a dictionary. You must be an ignorant boomer leach as well? Thorack __________________ 1. Whenever you are talking to a woman realize this person was born insane and you will never be surprised. 2. Never let Doctors cut on you unless its life or death and ALWAYS get a second opinion.

November 14, 2012, 19:58	#2
gates Registered FALaholic #: 129 Join Date: Jul 2000 Location: phx az Posts: 10,429	Yeah... entitlements consume about $2T of the $2.2T we currently take in - all the stuff on that list is discretionary - about $1.5T...

November 14, 2012, 22:26	#5
Seaweed Veteran Member Silver Contributor FALaholic #: 2736 Join Date: Feb 2001 Location: Newport, OR Posts: 1,288	Thorack, you are a piece of work.

November 15, 2012, 09:11	#9
carguym14 Registered Bronze Contributor FALaholic #: 13162 Join Date: Jan 2004 Location: Iowa Posts: 5,981	Shit,with 0.000% interest my retirement isn't earning squat,and inflation is reducing what I do have on a steady basis,so we are all screwed. There is no fixing this mess.Period. __________________ Anything not under government control is,by definition,out of control. Don't piss down my back and tell me it's raining. When is it time to pick up your rifle? When your conscience cannot abide to see it unused. 1gewehr 8/3/05

November 15, 2012, 12:15	#11
Gary Harwell Becoming Embittered Silver Contributor FALaholic #: 39460 Join Date: Nov 2008 Location: AzTex Posts: 898	Military leech example: Not to detract from my Bro-in-aw's illustrious career in AF (Korea VN fighter pilot , astronaut, test pilot) .Retired Full bird at 20 years! Didn't want next step .He's now 84, been collecting full benefits for 40+ years! Diagnostic medical tests only for him and my sister around $475,000 last year alone. For what he contributed to the country I have no problem with the number. But I have a problem as a boomer being FORCED to contribute to a ponzi scheme then being criticized for being "greedy". As a business owner and worker for 50 years so far, it's my damn money and I want it when I'm ENTITLED to it ,as promised. And I have a bit more than $10 k in assets.

November 15, 2012, 12:46	#12
Seaweed Veteran Member Silver Contributor FALaholic #: 2736 Join Date: Feb 2001 Location: Newport, OR Posts: 1,288	Thorack, you are a typical internet whiner that doesn't know squat about the person you are commenting on. I would guess that I pay more in state and federal taxes than you make as a salary, if you work. I know I got into the fishing business when I found out my father-in-law was paying more in taxes than I was making. Sure I had to work 100+ hours a week for a couple of decades to get where I am but I was young then... The answer to your first q is no. The answer to your second q is yes. I'm still working at age 67 at three jobs. Somebody has to pay for Obama's folly. Are you helping?

November 15, 2012, 13:06	#13
Thorack Acquisition Corp Dude Bronze Contributor FALaholic #: 748 Join Date: Aug 2000 Location: Omaha, Nebraska, USA Posts: 5,871	Seaweed, I pay my taxes like every good citizen, glad that you make enough money to be happy, I know I do as well. As far as Social Security I fully dont expect to get any and wont take it even if offered, my savings plan attests to the fact, besides others that are worse off than me will need it. If you dont need it and it sounds like you dont, why take it? Its insurance, not a retirement plan. If your a good driver you dont ask for your car insurance money back? rbswyo, I pay as well, like I said, fully realizing it will probably not be there if I ever need it. I dont plan on needing it though as I fully believe I will be working until well into my 70's just like my parents are and their parents did. Social Security needs a means test, if you make over $xx,xxx you dont get any. If you are taking other government benefits, that gets subtracted from whatever you were supposed to get from Social Security. Social Security when created in the 40's was aimed for the last 7 years of life, average life expectency was 72 in 1944, average lifespan in the US today is 82. Do the math. Lets not even talk about medicare where the average boomer takes out $5 for every $1 they put in. This country is coming to a grinding halt soon and the blame wont be on young folks. Gary Harwell, Again I'm working for a military pension but, my wife and I doubt it will be there when I retire in 5 years. Just like your BIL I paid my dues 24 months in Iraq and 3 in Afghanistan. I dont think I'll ever see a pension though. If I do it will be a fraction of its real value because of inflation. Thorack __________________ 1. Whenever you are talking to a woman realize this person was born insane and you will never be surprised. 2. Never let Doctors cut on you unless its life or death and ALWAYS get a second opinion. Last edited by Thorack; November 15, 2012 at 17:55.

November 15, 2012, 13:23	#14
gates Registered FALaholic #: 129 Join Date: Jul 2000 Location: phx az Posts: 10,429	You guys will all get your checks - they just won't buy anything...

November 15, 2012, 14:29	#15
Seaweed Veteran Member Silver Contributor FALaholic #: 2736 Join Date: Feb 2001 Location: Newport, OR Posts: 1,288	My car insurance company never said I would get my premiums back; the gov did say I would get my SS dollars back. I put in $ starting in the '60s and continue to this day. If I put in a dollar in 1965, how much should that dollar be worth today? Is it unreasonable to expect five dollars back for every dollar put in tn the '60s and '70s? BTW thank you for your service. I only had one year deployed; I can't even imagine three or more deployments of any length. I DO support rate changes that reflect the ACTUAL costs that we Boomers are inflicting on society in the form of higher rates for higher income people. My heartburn with paying for the huge amount of waste the gov is ignoring. You youngsters should be making noise about that, but I hear next to nothing from you. Why is that?

November 15, 2012, 16:29	#16
gates Registered FALaholic #: 129 Join Date: Jul 2000 Location: phx az Posts: 10,429	Sea - what part of this are you not understanding: http://www.zerohedge.com/news/2012-1...g-fiscal-cliff The $ is not there - you have been lied to, you have been a victim of a government sponsored ponzi - we all have - so, you can either embrace austerity (which won't work) OR you can accept the $ being inflated away to nothing (won't work) - they are trying the latter BTW - either way you should get ready for a drastically different standard of living since we have borrowed/stolen ours since the early 80's. Sorry... everything I just wrote is the exact truth.

November 15, 2012, 19:58	#17
357ross Registered FALaholic #: 47543 Join Date: Jul 2009 Location: Utah Posts: 1,713	Anybody who thinks S.S. would ever go into a special 'lockbox' to just be for that purpose, is just plain self decieved. Politicians WILL NEVER leave taxpayer money alone, it's just a fact of life. Hell, even FDR knew it would not last very long.

November 15, 2012, 20:54	#18
RG Coburn Registered FALaholic #: 27406 Join Date: Mar 2007 Posts: 11,016	Anybody would be silly to put money into a retirement fund at this juncture. Remember Crazy Ann? If you can't stand there and defend it with an assault rifle... Any retirement you imagine you own is just ones and zeros on a server,nothing more..

November 15, 2012, 21:33	#19
gates Registered FALaholic #: 129 Join Date: Jul 2000 Location: phx az Posts: 10,429	Your "segregated funds" will be "Corzined" when this farce unwinds - POOF and... it's gone! Just don't come to this econ forum and act shocked - you collectively have been warned in no uncertain terms - only leave what you can afford to lose.

November 16, 2012, 04:57	#20
RG Coburn Registered FALaholic #: 27406 Join Date: Mar 2007 Posts: 11,016	I foresee them cleaning out the whole house when the "POOF" happens...bank accounts,Roths,401Ks,annuities,IRAs, you name it.

November 16, 2012, 09:32	#21
gates Registered FALaholic #: 129 Join Date: Jul 2000 Location: phx az Posts: 10,429	Poof is your segregated funds being swept into their general acct to cover margin calls - then it ends up at JPM and you end up with a zero in your account, EVERYONE is in danger of being "Corzined".

November 16, 2012, 10:37	#22
RG Coburn Registered FALaholic #: 27406 Join Date: Mar 2007 Posts: 11,016	I would not be surprised if obama had some super-secret exec order all ready that made himself or the fedgov beneficiary of all life insurance policies at some particular tripping point. Or just tax them at a rate of 99%.....

November 16, 2012, 11:29	#25
Exit308 Veteran Member Silver Contributor FALaholic #: 62143 Join Date: Dec 2010 Location: OR Posts: 1,042	It's kinda funny, some talk of revolution but when a diminutive lady literally tries to pick a fight and start one some of you call her "batshit crazy" and not very sexy.

November 16, 2012, 11:56	#27
Seaweed Veteran Member Silver Contributor FALaholic #: 2736 Join Date: Feb 2001 Location: Newport, OR Posts: 1,288	Gates, I agree with most of what you say. I just think a huge amount of money is wasted by fraud and unnecessary administration costs. Eliminate these and there might be possibilities... Yes, I am ready for a more lean lifestyle.

November 16, 2012, 12:17	#28
gates Registered FALaholic #: 129 Join Date: Jul 2000 Location: phx az Posts: 10,429	Agreed - some estimates I have heard go as high as 30% - 30% fuking percent WASTE and fraud - problem is our politicians - all of them - are in on the game.

November 24, 2012, 07:24	#30
bakerjw Registered FALaholic #: 22547 Join Date: Nov 2006 Location: Eastern Tennessee Posts: 1,449	I've always known that SS will never be worth a squat when I get old enough to even consider retirement. That's why I plan on working for the rest of my life. __________________ We are quickly approaching the time for which the 2nd amendment was penned.

November 24, 2012, 09:31	#31
L1A1rocker Registered FALaholic #: 12294 Join Date: Nov 2003 Posts: 1,278	Has anyone but me checked every box and looked at the results? It's staggering.

November 26, 2012, 20:47	#33
riffraff2 Veteran Member Platinum Contributor FALaholic #: 54720 Join Date: Jul 2010 Location: Arkansas Posts: 1,865	Well, I know it ain't right and I know it ain't fair, but, after seeing all what the rich/connected/powerful/elite have done over all these years, I have come around a bit, soak em, soak em good, take everything they got cause they are a bunch of scumbags. Take the markets right now, does anyone believe that the markets are not rigged? Does anyone really believe that the markets have never ever been anything other than a rigged game. The problem is: I don't trust the current folks in power to do the right thing. They will just play 'popularism' take from the 'haves', pocket it and everything will be back to the usual. The Bolshevick(SP) revolution is the blueprint.

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