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Would You Give Up Government Benefits?

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August 08, 2010 – Comments (13)

In my last post - Are Our Leaders Incompetent or Immoral? the discussion section ended up being directed towards whether people who are pro small government would be willing to give up their Social Security and Medicare benefits.  I thought it was an interesting idea and was hoping to get more responses. 

So the question is, would you be willing to not receive Social Security and Medicare benefits, and if so, what would you require to make that choice?

For me, I would give up all my future government benefits if they simply allowed me to no longer to pay into the system starting with my next paycheck.

13 Comments – Post Your Own

#1) On August 08, 2010 at 3:28 PM, roncool11 (< 20) wrote:

Would you give up sending your kids to public schools? Driving on roads that taxpayer money built? Having the fire department come to your home when its on fire? Being able to call the police? 

Are you advocating no taxes or no federal taxes? The above generally aren't federal (roads are still federal, you want to drive on them right?).

But if you had no federal tax you'd have no defense (army, navy, marines ect. nothing), no one for national emergencies, no one to help clean the oil spill (admittedly there messing that one up), no NASA, these are things just off the top of my head. I'm sure their are better reasons for taxes. Taxes are not the problem its a culture of selfishness that allows and even condones people misusing tax money.

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#2) On August 08, 2010 at 3:55 PM, fmahnke (91.61) wrote:

Ron.

Although I am a small gov't supporter and willing to give up gov't benefits, I would not readily embrace a cut in SS retirement.

I feel like I've paid in for 25+ years and am enititled to my benefits or a return of my contributions.

I did enjoy your last post but never did offer my opinion, I think that since gov't is imoral, their competence doesn't even matter too much, and yes, this administration is both as was the preceeding one, 

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#3) On August 08, 2010 at 4:05 PM, Option1307 (29.70) wrote:

I am only in my mid 20's and thus haven't been paying into the ponzi scheme, errr system, for too long so I would gladly give up my future SS etc. if I could stop paying from here on out.

However, in all likelihood, I will be forced to continue paying into those funds only to receive very little, if any, return when I retire down the road since fundamentally speaking they are broke.

You're welcome grandma and grandpa, keep on living off my money;)

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#4) On August 08, 2010 at 5:54 PM, HarryCarysGhost (99.68) wrote:

I'd be willing to give up social security, if I were able to manage the money myself in an IRA.

Still would need medicare.

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#5) On August 08, 2010 at 6:12 PM, Acesnyper (< 20) wrote:

As both post 3-4 summed up I feel that would be a great option to offer the people of this country in a fair way, and honestly I don't see why NOT to offer it other then people losing the money in the market or not saving (because SS is such a safe and high ROI ps yes sarcasm is meant).

 

Post one, opens the idea as a pandora's box and I feel other then logistical night mare, more things should be optional, I pay quite high school taxes on my home, I don't have kids, I am not planning to have kids. If I did I have 0 faith in the public sector of education, so in no way would I ever use a dime of that money. I hate to drag up the "f" word about this (in this case f word being fair) but it's such a large some of money being leeched on a system I'll never see (high chance of SS medicare as well in my own mind) and frankly it's pretty immoral for the government to do that.

To the other side of post #1 I agree on taxes not being the problem, but it's the effect of the cause. Taxes are what's being used for immoral and "wrong" causes. In the case of large governments it's often better to ban the tool since the user will always be around. Unlike say a drug addict who can't get a gun will still use a knife, the people on washington doubtfully will be picking your pocket if they can't get into it legally.

Cheers! 

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#6) On August 09, 2010 at 12:10 AM, ChrisGraley (29.74) wrote:

I'll continue to pay into the system for the next 5 years and I'm willing to up my contribution to both by 30% until then for the right to be free of the system at the end of 5 years.

Who am I kidding? I probably won't be in the states that long anyway. 

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#7) On August 09, 2010 at 12:46 AM, rd80 (98.47) wrote:

I'd trade my future SS benefits in exchange for:

Placing all contributions I've made to the system to date in a Roth-like account.

Placing all future contributions by me and from my employer on my behalf into the same account.

I'm 51, so walking away with nothing after having dumped over $100k into the system would be a pretty steep price.

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#8) On August 09, 2010 at 10:06 AM, russiangambit (29.21) wrote:

I would trade my SS benefits for:

Removing the control of the FED from the interest rates and letting interest rates be at their natural level thus allowing savers to save on their own without taking risks in other markets which don't pay enough for the risks taken due to distortions by the FED.

As it is not going to happen, hell no, I want my SS. At least, I get something in case I lose everything in the next FED induced disaster.

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#9) On August 09, 2010 at 10:11 AM, outoffocus (22.86) wrote:

I think the question we should ask ourselves is, as investors, if we were investing in a company that was losing money, had liabilities way larger than their revenue potential, and the managers were doing nothing to fix it, would you continue to invest in that company?

Then why should I be forced to continue investing in Social Security?

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#10) On August 09, 2010 at 11:55 AM, miteycasey (31.16) wrote:

I'd give it up.

I think, er I know I can, invest my money better than the governement. The only thing is out living your savings.

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#11) On August 09, 2010 at 11:57 AM, miteycasey (31.16) wrote:

Would you give up sending your kids to public schools? Driving on roads that taxpayer money built? Having the fire department come to your home when its on fire? Being able to call the police? 

Are you advocating no taxes or no federal taxes? The above generally aren't federal (roads are still federal, you want to drive on them right?).

What do those things have to do with social security or medicare???

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#12) On August 09, 2010 at 1:20 PM, vriguy (71.90) wrote:

The question is not whether I'd be willing but whether I'd be forced to. My wife and I have earned every penny we have through hard work and saving, and we are likely to be reasonably affluent by the time I'm 62, the earliest I can claim anything from the SSA. By 2022, I bet they will means test benefit payouts - and I will not get anything.  These SOB's will, of course, say that is my "fair share".

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#13) On August 10, 2010 at 8:58 AM, Melaschasm (64.08) wrote:

People my age are unlikely to get any significant ss or medicare benefits, so it would not take much for me to opt out of the system.

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