a little history

[Blue_Runner]

Well, I've said it before and I'll say it again......


I'll vote for ya!! I'll write you in...whatever I have to do.

[Stillrunning]

Galveston a town in Texas opted out of SS before congress closed the loophole making it manditory for everyone to send their hard earned money to them. Its set up in fixed accounts and is blowing the doors off what SS is doing. Here's a quick comparison to the two plans.


Galveston vs. Social Security. Upon retirement after 30 years, and assuming a 5 percent rate of return ***8212; more conservative than Galveston workers have earned ***8212; all workers would do better for the same contribution as Social Security:


Workers making $17,000 a year are expected to receive about 50 percent more per month on our alternative plan than on Social Security ***8212; $1,036 instead of $683. [See the Figure.]
Workers making $26,000 a year will make almost double Social Security***8217;s return ***8212; $1,500 instead of $853.
Workers making $51,000 a year will get $3,103 instead of $1,368.
Workers making $75,000 or more will nearly triple Social Security ***8212; $4,540 instead of $1,645.
Galveston County***8217;s survivorship benefits pay four times a worker's annual salary ***8212; a minimum of $75,000 to a maximum $215,000 ***8212; versus Social Security, which forces widows to wait until age 60 to qualify for benefits, or provides 75 percent of a worker***8217;s salary for school-age children.
In Galveston, if the worker dies before retirement, the survivors receive not only the full survivorship but get generous accidental death benefits, too. Galveston County***8217;s disability benefit also pays more: 60 percent of an individual's salary, better than Social Security's.

Two government studies of the Galveston Plan ***8212; by the Government Accountability Office and the Social Security Administration ***8212; claim that low-wage workers do better under Social Security. However, these studies assumed a low 4 percent return, which is the minimum rate of return on annuities guaranteed by the insurance companies. The actual returns have been substantially higher.

Here is a link: http://www.ncpa.org/pub/ba/ba514/

[reelapeelin]

I don't doubt anything in that, but one thing's for sure...the Republicans have found just as many ways to SCREW us as the Democrats...it's when we cast off the blinders of partisan politics and start addressing ALL the POLITICIANS who are having there way w/us and our money that we'll start gaining traction as free citizens again...

Keep pointin' fingers and blaming one party or the other...that's what they WANT us to do...it occupies us...it divides us...it wastes our time while a truly united party of voters could get together over several voting cycles and get this mess straightened out...

[willy]

Neither party has been a beacon of common sense for a long long time.

But that being said the question now is do you want a socialist country or not. If you think that is an exageration pay close attention to the statements and policies and actions of the peoples democratic party and especially the annointed puppet they put up now, then step back and decide what you want to leave your kids. A socialist country or a country of free thinking and independent people.

I know where I lean

[reelapeelin]

Originally Posted by willy

Neither party has been a beacon of common sense for a long long time.

But that being said the question now is do you want a socialist country or not. If you think that is an exageration pay close attention to the statements and policies and actions of the peoples democratic party and especially the annointed puppet they put up now, then step back and decide what you want to leave your kids. A socialist country or a country of free thinking and independent people.

I know where I lean

I know where I lean too...directly toward the best of both worlds...and tossin' out the worst...if the voters from both parties and those of us who are independent to begin with, who are sick to death of the status-quo of a two party system, the politics as usual and the lobbyists leading our elected officials around by their wallets would come together and make some meaningful changes, we would all regain the freedom of thought, the freedom to retain more of our spendable income and all the other freedoms we lose a little at the time under the present "big money rules the day" system...voting these days has just become a choice of how ya wanna take yer skruin"...from the left or the right...

[willy]

that was well put for an old geezer, nuph said