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Trump and the RNC raised $125m Q3 up from $103m in Q2. In comparison Obama and the DNC raised $70m in 2011. I didnt expect impeachment to help them raise that much more when it seemed likemore people in the GOP favor theninquiry this time around.



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jason1637 said:

And the dude is STILL building houses. Here's from a little over a month ago:

https://www.cnn.com/2019/08/27/politics/jimmy-carter-habitat-for-humanity-homes-hip-surgery/index.html

The man is just unstoppable. Survived stage 4 cancer that spread to his brain, and he builds houses. Not just run a charity that builds them, he actually fucking builds them.



I believe with Social Security that there have been a few plans thrown around concerning privatizing it. I am not really in favor of such plans as it would mean that its very vulnerable to a volatile market which can be great in good times but would be terrible in bad.



I always wonder when people talk about the volatility and risk of the stock market. These people seem to ignore that over 40-60+ year periods (which is what social security is over), the market is incredibly reliable. Individual stocks, not so much (as companies go out of business). But the whole stock market is about as reliable as it gets. To the point where if our markets were lower in 40-60 years than they are now, we've fallen into the most incredibly massively deep depression the modern world has ever seen.

I'm going to toss out a conservative number just to illustrate this. Let's say the market averages 7.5% over my working career (the 200 year averages are closer to 8-9%).

12.4% of my earnings are going towards my retirement. Let's also assume 2.4 of that goes towards the less fortunate who didn't earn a lot, people who became disabled, etc. So 10% of my salary. (realistically, this is ignoring the pool of people that pass away before retirement, or even right when their retirement starts, etc).

If I earn $30,000 per year (this is $15/hr). I average 2.5% raises each year. And I work for 45 years (age 20 to age 65). The investments earn, as discussed above 6%. At age 65, my pool of money alone would contain approximately $1.5M. Adjusted for 2.5% inflation, this is worth approximately $500K in today's money.

Per a CNN annuity calculator, this would buy you an annuity worth $2,702 per month (in today's dollars). This means your retirement is literally more per year than your pre-retirement income. If you can show me a scenario where social security is remotely CLOSE to fully replacing pre-retirement income (and doesn't have massive funding concerns), I'm all ears.



Money can't buy happiness. Just video games, which make me happy.

Baalzamon said:
I always wonder when people talk about the volatility and risk of the stock market. These people seem to ignore that over 40-60+ year periods (which is what social security is over), the market is incredibly reliable. Individual stocks, not so much (as companies go out of business). But the whole stock market is about as reliable as it gets. To the point where if our markets were lower in 40-60 years than they are now, we've fallen into the most incredibly massively deep depression the modern world has ever seen.

I'm going to toss out a conservative number just to illustrate this. Let's say the market averages 7.5% over my working career (the 200 year averages are closer to 8-9%).

12.4% of my earnings are going towards my retirement. Let's also assume 2.4 of that goes towards the less fortunate who didn't earn a lot, people who became disabled, etc. So 10% of my salary. (realistically, this is ignoring the pool of people that pass away before retirement, or even right when their retirement starts, etc).

If I earn $30,000 per year (this is $15/hr). I average 2.5% raises each year. And I work for 45 years (age 20 to age 65). The investments earn, as discussed above 6%. At age 65, my pool of money alone would contain approximately $1.5M. Adjusted for 2.5% inflation, this is worth approximately $500K in today's money.

Per a CNN annuity calculator, this would buy you an annuity worth $2,702 per month (in today's dollars). This means your retirement is literally more per year than your pre-retirement income. If you can show me a scenario where social security is remotely CLOSE to fully replacing pre-retirement income (and doesn't have massive funding concerns), I'm all ears.

What are you saying, that you can manage your retirement better than social security.  If this is the case then I have no argument since I have both a IRA and 401K.  If you are saying every American can and will do this then that is being very optimistic.  The whole point of SS is that a large portion of Americans do not manage their retirement and thus do not have anything to help them when they become retirement age and out of work.  I would be in favor of being able to take my SS dollars and manage it myself if that was an option but I am not sure if I am willing to have it privatize unless I see a comprehensive plan that I can agree on.



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Trump wants China to investigate the Bidens.
https://www.cnbc.com/2019/10/03/trump-calls-for-ukraine-china-to-investigate-the-bidens.html



jason1637 said:
Trump wants China to investigate the Bidens.
https://www.cnbc.com/2019/10/03/trump-calls-for-ukraine-china-to-investigate-the-bidens.html

Just another day in politics.  The President wanting someone to investigate his political rivals as re-election closes in.  Nothing new here besides how he goes about doing it.  Maybe Trump can put that on the table for negotiations on the Tarriffs with China.  "If you investigate the Bidens, I can make the Tariffs go away".  The crazy part is if a deal did happen lets set in the next week or so, he pretty much put a cloud on the whole thing bringing up this investigation with China.  Just another scratch your head moment where you believe he probably should just be quite but oh well, we are dealing with Trump.



Machiavellian said:
Baalzamon said:
I always wonder when people talk about the volatility and risk of the stock market. These people seem to ignore that over 40-60+ year periods (which is what social security is over), the market is incredibly reliable. Individual stocks, not so much (as companies go out of business). But the whole stock market is about as reliable as it gets. To the point where if our markets were lower in 40-60 years than they are now, we've fallen into the most incredibly massively deep depression the modern world has ever seen.

I'm going to toss out a conservative number just to illustrate this. Let's say the market averages 7.5% over my working career (the 200 year averages are closer to 8-9%).

12.4% of my earnings are going towards my retirement. Let's also assume 2.4 of that goes towards the less fortunate who didn't earn a lot, people who became disabled, etc. So 10% of my salary. (realistically, this is ignoring the pool of people that pass away before retirement, or even right when their retirement starts, etc).

If I earn $30,000 per year (this is $15/hr). I average 2.5% raises each year. And I work for 45 years (age 20 to age 65). The investments earn, as discussed above 6%. At age 65, my pool of money alone would contain approximately $1.5M. Adjusted for 2.5% inflation, this is worth approximately $500K in today's money.

Per a CNN annuity calculator, this would buy you an annuity worth $2,702 per month (in today's dollars). This means your retirement is literally more per year than your pre-retirement income. If you can show me a scenario where social security is remotely CLOSE to fully replacing pre-retirement income (and doesn't have massive funding concerns), I'm all ears.

What are you saying, that you can manage your retirement better than social security.  If this is the case then I have no argument since I have both a IRA and 401K.  If you are saying every American can and will do this then that is being very optimistic.  The whole point of SS is that a large portion of Americans do not manage their retirement and thus do not have anything to help them when they become retirement age and out of work.  I would be in favor of being able to take my SS dollars and manage it myself if that was an option but I am not sure if I am willing to have it privatize unless I see a comprehensive plan that I can agree on.

My argument here actually isn't anything to do with people being able to guide their own investments in social security (nor do I really think that should be allowed, as you WILL have horror stories).

No, my argument is that the government could very easily be investing social security funds in broad market index funds, vastly increasing the average return on investment, and thus improving the amount of money available to retirees.



Money can't buy happiness. Just video games, which make me happy.

Baalzamon said:
Machiavellian said:

What are you saying, that you can manage your retirement better than social security.  If this is the case then I have no argument since I have both a IRA and 401K.  If you are saying every American can and will do this then that is being very optimistic.  The whole point of SS is that a large portion of Americans do not manage their retirement and thus do not have anything to help them when they become retirement age and out of work.  I would be in favor of being able to take my SS dollars and manage it myself if that was an option but I am not sure if I am willing to have it privatize unless I see a comprehensive plan that I can agree on.

My argument here actually isn't anything to do with people being able to guide their own investments in social security (nor do I really think that should be allowed, as you WILL have horror stories).

No, my argument is that the government could very easily be investing social security funds in broad market index funds, vastly increasing the average return on investment, and thus improving the amount of money available to retirees.

So you would trust the government to invest SS funds instead of the more safer bonds way they do today.  There is probably a reason they do not do this today but I am sure it has to do with debt since the government use SS for those special interest bonds they sell.  If they were to go your route then how SS is used and invested would need to radically change. 



I don't get what you mean? I would "trust" them to invest in one thing over the other? I don't think laws have been broken regarding Social Security and the investments it currently utilizes...so why would they start to break the law if it was instead mandated that it invests in the stock market?

And yes, it is suggesting a radical change to the system. Similar to how 401k, IRA, pensions, etc all invest in things that far exceed the returns of just some crappy government bonds...there is no reason Social Security (which is really just another retirement system) doesn't also invest in the broader stock market.



Money can't buy happiness. Just video games, which make me happy.