Political Rant Funny Images II

[bigfield]

If that image is meant for me you've succeeded in making me puke!

If I can't make you think then I'll settle for that.

 

[Patooka]

So to your way of warped way of thinking anyone that receives any kind of pension at all, throughout the democratic Western world is living off the proceeds of a socialist government?

That is precisely how socialism works. Try to think before you post. Oh, and you are either on a pension or you are a lying piece of shit. I'll let you decide.

 

[angelo]

So to your way of warped way of thinking anyone that receives any kind of pension at all, throughout the democratic Western world is living off the proceeds of a socialist government?

If the pension is paid by the government, and recipients are eligible based on their inability to work, then it is definitely socialist.

"From each according to his ability, to each according to his needs" -- Karl Marx.

The much prefered name is social security. Even the most of capitalist nations on Earth such as the US have some kind of social security system in place. That's why there are income taxes, sales taxes etc,ect. to pay for it.

 

[bigfield]

So to your way of warped way of thinking anyone that receives any kind of pension at all, throughout the democratic Western world is living off the proceeds of a socialist government?

If the pension is paid by the government, and recipients are eligible based on their inability to work, then it is definitely socialist.

"From each according to his ability, to each according to his needs" -- Karl Marx.

The much prefered name is social security. Even the most capitalist nations on Earth such as the US have some kind of social security system in place. That's why there are income taxes, sales taxes etc,ect. to pay for it.

Yes. Even the US has socialist programs.

Yes, taxes pay for socialist programs.

 

[Patooka]

The much prefered name is social security. Even the most of capitalist nations on Earth such as the US have some kind of social security system in place. That's why there are income taxes, sales taxes etc,ect. to pay for it.

So you don't have a problem with socialism if it is called something else. I could see how you think that makes sense. Going back to the thread's original premise:

 

[angelo]

Marxist style socialism produces A Venezuela. Capitalism's mild form of socialism [if one wants to call it that] like social security and in many cases public transport which usually runs at a loss, therefore government subsidised is a necessary part of the economy of most Western Democracy.

In most cases Marxist socialism produces this...............................https://nypost.com/2019/05/02/wrong-rep-omar-socialism-not-america-caused-venezuelas-suffering/

 

[Don2 (Don1 Revised)]

 

[angelo]

Norway is a small country population wise with an abundance of natural gas and other fossil fuels which earn the country billions in export income which allows their generous welfare state!

 

[Loren Pechtel]

Marxist style socialism produces A Venezuela. Capitalism's mild form of socialism [if one wants to call it that] like social security and in many cases public transport which usually runs at a loss, therefore government subsidised is a necessary part of the economy of most Western Democracy.

In most cases Marxist socialism produces this...............................https://nypost.com/2019/05/02/wrong-rep-omar-socialism-not-america-caused-venezuelas-suffering/

Venezuela isn't even socialism. It's looting masquerading as socialism.

 

[mudlark]

 

[jonatha]

Norway is a small country population wise with an abundance of natural gas and other fossil fuels which earn the country billions in export income which allows their generous welfare state!

How much oil does Sweden have?

 

[Elixir]

Even the most of capitalist nations on Earth such as the US have some kind of social security system in place. That's why there are income taxes, sales taxes etc,ect. to pay for it.

You ignorance seems to know no bounds, Angelo. Income tax and sales tax don't pay for social security in the US. Social security is a separate deduction from paychecks that goes into a separate fund, and is paid back pro-rata (depending on how much you've contributed) once you reach the age elegibility. At least that's how it is supposed to work. But the US is a Capitalist society, so of course private interests find ways of raiding the vast sums that are accrued by promising that payback, and the world's largest Ponzi scheme - aka the Republican Party - rolls on.

 

[George S]

Even the most of capitalist nations on Earth such as the US have some kind of social security system in place. That's why there are income taxes, sales taxes etc,ect. to pay for it.

You ignorance seems to know no bounds, Angelo. Income tax and sales tax don't pay for social security in the US. Social security is a separate deduction from paychecks that goes into a separate fund, and is paid back pro-rata (depending on how much you've contributed) once you reach the age elegibility. At least that's how it is supposed to work. But the US is a Capitalist society, so of course private interests find ways of raiding the vast sums that are accrued by promising that payback, and the world's largest Ponzi scheme - aka the Republican Party - rolls on.

The Social Security Trust fund exists. However, the cash has been removed and replaced by government bonds. The actual funding for current payments is current SS deductions.

To be eligible for Social Security retirement benefits, a worker born after 1928 must have accumulated at least 40 quarters of work in "covered employment". A "quarter of coverage" generally means the three-month calendar quarter. In addition, you must earn at least $1,320 in a quarter (in 2019) for it to count.

How are Benefits Calculated?
First, a worker’s previous earnings are restated in terms of today’s wages to reflect wage growth.
Second, earnings for the highest 35 years are averaged and divided by the number of months in 35 years to arrive at Average Indexed Monthly Earnings (AIME).
Third, the Social Security benefit formula is applied to AIME to produce the Primary Insurance Amount (PIA), the benefit payable at Full Retirement Age (FRA).

The PIA for FRA (67) is reduced if benefits are taken at 62 or 65.
The minimum is $1400/mo, which is what I get.

 

[jonatha]

The Social Security Trust fund exists. However, the cash has been removed and replaced by government bonds. The actual funding for current payments is current SS deductions.

Current payments have always come from current SS deductions. The Trust Fund containing those government bonds (essentially the same ones backing a portion of every private pension scheme in the country) started accumulating in earnest after the Clinton reforms in the 90's.

(Apparently lots of people would have preferred the money to be stashed in an enormous mattress in the Nevada desert instead of being invested, but....)

 

[Jimmy Higgins]

Marxist style socialism produces A Venezuela. Capitalism's mild form of socialism [if one wants to call it that] like social security and in many cases public transport which usually runs at a loss, therefore government subsidised is a necessary part of the economy of most Western Democracy.

In most cases Marxist socialism produces this...............................https://nypost.com/2019/05/02/wrong-rep-omar-socialism-not-america-caused-venezuelas-suffering/

Venezuela isn't even socialism. It's looting masquerading as socialism.

Wait, did Loren just post that?

 

[angelo]

Before the Hawke/Keating Labor government introduced a superannuation scheme here in Australia, something similar to to many other Western Countries, the retirement aged pension was paid out of consolidated revenue. It still is for all those born before the compulsory super scheme come into force. Government employees have always had a super scheme, which for some is now worth over 500.000aud. Depending on weekly salary which around 10% is paid into a superannuation fund, which invests in the sharemarket, so there's some uncertainty with the rise or fall of said market.

 

[ZiprHead]

 

[bigfield]

Before the Hawke/Keating Labor government introduced a superannuation scheme here in Australia, something similar to to many other Western Countries, the retirement aged pension was paid out of consolidated revenue. It still is for all those born before the compulsory super scheme come into force. Government employees have always had a super scheme, which for some is now worth over 500.000aud. Depending on weekly salary which around 10% is paid into a superannuation fund, which invests in the sharemarket, so there's some uncertainty with the rise or fall of said market.

What a weird post. The age pension is still paid out of the consolidated fund.

The people born after compulsory super started in 1983 won't be eligible to retire until after 2050, and their pension will still be paid out of the consolidated fund.

 

[angelo]

Before the Hawke/Keating Labor government introduced a superannuation scheme here in Australia, something similar to to many other Western Countries, the retirement aged pension was paid out of consolidated revenue. It still is for all those born before the compulsory super scheme come into force. Government employees have always had a super scheme, which for some is now worth over 500.000aud. Depending on weekly salary which around 10% is paid into a superannuation fund, which invests in the sharemarket, so there's some uncertainty with the rise or fall of said market.

What a weird post. The age pension is still paid out of the consolidated fund.

The people born after compulsory super started in 1983 won't be eligible to retire until after 2050, and their pension will still be paid out of the consolidated fund.

My bad. But yes, it will be paid out of consolidated revenue for the foreseeable future. But my point was that the far reaching geat, nation building policy of the Hawke and particularly Keating government in introducing super to provide for people's retirement without depending on what you call government " handouts." Even since 1983-2019, many people have built up a retirement nest egg worth in some cases 1-2 hundred thousand dollars which supplements other income such as a pension.

 

[bigfield]

Before the Hawke/Keating Labor government introduced a superannuation scheme here in Australia, something similar to to many other Western Countries, the retirement aged pension was paid out of consolidated revenue. It still is for all those born before the compulsory super scheme come into force. Government employees have always had a super scheme, which for some is now worth over 500.000aud. Depending on weekly salary which around 10% is paid into a superannuation fund, which invests in the sharemarket, so there's some uncertainty with the rise or fall of said market.

What a weird post. The age pension is still paid out of the consolidated fund.

The people born after compulsory super started in 1983 won't be eligible to retire until after 2050, and their pension will still be paid out of the consolidated fund.

My bad. But yes, it will be paid out of consolidated revenue for the foreseeable future.

Do you understand that it is socialist, though?

Unlike the USA's "retirement insurance" system, the Australian age pension is based solely on age and need. Nobody in Australia has to earn the age pension; they just have to need it.