Homepage - RF Cafe
Webmaster: Kirt Blattenberger | KB3UON | Sitemap | ©1996-2014     Visit RF Cafe on
      Menu below is just a small sample of what is here!          Visit RF Cafe on Facebook Visit RF Cafe on Twitter Visit RF Cafe on LinkedIn
Custom Search
More than 10,000 searchable pages indexed.
•−•  ••−•    −•−•  •−  ••−•  •
RF Cafe Morse Code >Hear It<

Social Security c.1936 - RF Cafe Forums

Because of the high maintenance needed to monitor and filter spammers from the RF Cafe Forums, I decided that it would be best to just archive the pages to make all the good information posted in the past available for review. It is unfortunate that the scumbags of the world ruin an otherwise useful venue for people wanting to exchanged useful ideas and views. It seems that the more formal social media like Facebook pretty much dominate this kind of venue anymore anyway, so if you would like to post something on RF Cafe's Facebook page, please do.

Below are all of the forum threads, including all the responses to the original posts.


 Post subject: Social Security c.1936
Posted: Tue Aug 24, 2010 1:09 pm 
 
Site Admin
User avatar

Joined: Sun Aug 03, 2003 2:02 pm
Posts: 878
Location: Erie, PA
Greetings:

I recently ran across this propaganda pamphlet issued by the Federal Government in 1936.

http://www.ssa.gov/history/ssn/ssb36.html

GET THIS: "...beginning in 1949, twelve years from now, you and your employer will each pay 3 cents on each dollar you earn, up to $3,000 a year. That is the most you will ever pay. " (emphesis added)

That's 3%. Today, you pay 7.65% on every dollar you earn - BEFORE DEDUCTIONS, not after. You pay on your gross, not your net.

BTW, it started out at 1%.

Full vesting occurred at 65 years old. Today it is 67, but politicians are pushing hard to increase it. It is only because senior citizens are such a large part of their constituency that they have not done so already.

http://www.ssa.gov/pubs/retirechart.htm

Instead, they have shifted the burden to the middle aged and young earners via the massive bailout programs. How will that money ever get repaid? It is impossible based on any economic production model where the GNP increases (adjusted for inflation) enough to cover new expenses while also paying off debt. The only way is to inflate so greatly that the value of each dollar is severely diminished. The government is only obligated to pay in dollars of the year borrowed. Since current taxes are based on a percentage of current earnings, assuming that earnings rise at the rate of inflation, the government's take is keeping up with inflation, so they collect current value dollars and pay off old value dollar debts. It's a win-for them, while you get screwed.

Think about it this way: Your parent's house payment in 1980 might have been $400/month - a lot of money back then. Today you cannot even rent a 2-BR apartment for that much, but they are still making that $400/month payment at the end of a 30-year mortgage. In 2009 dollars, the equivalent payment is a little more than $1,000.month. So effectively today they pay $400/month to live in a $1,000/month home. In the reverse, that same $400 today would have been just $160.

The Keynesian economic model - like Socialism -has never worked anywhere it has been tried, and yet some people keep returning to it because they believe that it just hasn't been implement by the right people. They consider themselves to be the ones finally smart enough to pull it off.

Hold on, we're in for a rough ride as it proves itself wrong once again. :smt119

_________________
- Kirt Blattenberger :smt024
RF Cafe Progenitor & Webmaster




Posted  11/12/2012/span>
A Disruptive Web Presence

Custom Search
Over 10,000 pages indexed! (none duped or pirated)

Read About RF Cafe
Webmaster: Kirt Blattenberger
    KB3UON

RF Cafe Software

RF Cascade Workbook
RF Cascade Workbook is a very extensive system cascaded component Excel workbook that includes the standard Gain, NF, IP2, IP3, Psat calculations, input & output VSWR, noise BW, min/max tolerance, DC power cauculations, graphing of all RF parameters, and has a graphical block diagram tool. An extensive User's Guide is also included. - Only $35.
RF system analysis including
frequency conversion & filters

RF & EE Symbols Word
RF Stencils for Visio

Product & Service Directory
Personally Selected Manufacturers
RF Cafe T-Shirts & Mugs

RF Cafe Software

Calculator Workbook
RF Workbench
Smith Chart™ for Visio
Smith Chart™ for Excel
Your RF Cafe Progenitor & Webmaster
Click here to read about RF CafeKirt Blattenberger... single-handedly redefining what an
                                 engineering website should be.

View the YouTube RF Cafe Intro Video Carpe Diem! (Seize the Day!)

5CCG (5th MOB): My USAF radar shop

Airplanes and Rockets: My personal hobby website

Equine Kingdom: My daughter Sally's horse riding website