So why are pensions to current retirees funded by current employees?

Some terminal fuckwit claiming to be Bill Reid wrote just the puerile shit that any 2 year old could leave for dead, as I said.

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How about random quotes:
"Porgy Tirebiter He's a spy and girl delighter Porgy Tirebiter Just a student like you
When you're looking for a captain of the ringball team You can bet he won't be there You'll find him popping up at Pop's Sodium Shop To turn in a Red, with red hair!
Dooby-do-wah...
Porgy Tirebiter Just a student like you Just a student like you Just a student like you"
--
William Ernest Reid
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Some terminal fuckwit claiming to be Bill Reid wrote just the puerile shit that any 2 year old could leave for dead, as I said.
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HEY, I ADMITTED IT WAS OLD MATERIAL!!! SHEESH, WHAT A CRANKY OLD GROUCH!!!
--
William Ernest Reid
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Some terminal fuckwit claiming to be Bill Reid wrote just the puerile shit that any 2 year old could leave for dead, as I said.
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On Mon, 03 May 2010 22:39:14 -0700, Bill Reid and Rod Speed wrote crap.
The answer to the subject line is truly simple: No matter how you count all the beans, the productive people will be supporting the non productive old people. Whether you see FICA taxes as saved up money for your retirement or as a transfer payment to which you will be entitled when old, the reality does not change.
The rightarded MUST see the FICA system as a personal denial and savings system in order to satisfy their religious faith. For them it is very important to reward savings and investment so as to punish the grasshoppers. As a society it is irrelevant as to the source of the transfer. Whether all persons pay higher prices in order to deliver dividends and interest to the owners of the means of production (those who saved and invested when young and are now old), or the funds come from a tax, the reality remains the same. The productive will be providing for the non productive. This is called CIVILIZATION.
The MIXED system wherein a meager life style is supported via "forced savings" in the form of FICA, and high living (in retirement) is supported by additional savings and investment seems to work very well.
--
"Senate rules don't trump the Constitution" -- http://GreaterVoice.org/60

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Michael Coburn wrote mindlessly superficial crap, as always.

Nope.
Not necessarily with 401K type schemes. They mostly provide for themselves.

You wouldnt know what the reality was if it bit you on your lard arse.
Most at least attempt to end up with rather more then JUST social security in their time past working, so it aint JUST about FICA taxes.

Corse you have no religious faith in taxes on land value, eh ?

The real reason they want to reward savings and investment is because any economy needs savings and investment to thrive, let alone boom. Consumption alone aint enough, stupid.

Wrong, as always. There is always an incentive problem if you fuck that up.

In fact modern capitalism is never about that, its actually about real competition driving DOWN prices.

Utterly mangled all over again. Its also about providing a decent return on investments LONG before they are anything like old, because without that, there is no viable economy.
And the better first world economys continue to do that, even when the manufacture of low cost consumer goods has mostly moved off to low labor cost countrys like china now.
And except for mindless racists, thats really no different to the manufacture of consumer goods being concentrated in one part of a particular country and has the real advantage that when its in china, they get to keep the associated pollution over there and can put the boot into fools that want mindless stupid unions and wages and working conditions which are absolutely guaranteed to kill that industry that is based on low labor costs.

Nope, the obvious difference between a tax and savings and investment is that taxes arent mostly voluntary, even for the very wealthy.

Thats not what the basic economy is about.

Yes, but it isnt what the basic economy is about.

Yes, but you have ignored the fact that your claims about the movement of money from those currently working to those no longer working only applys to the social safetynet component, social security. It does not apply to what provides the much better than minimal lifestyle in retirement.
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I thank you for your simple logical answer to the question, but condemn you for breaking up the beautiful cascading thread I had going with the fart-bot "Rod Speed"...

Well, then you kind of go off the rails; you don't drink all the Kool-Ade, but just a little sampler cup.
"Money" is often nothing more than the smoke that obscures the mirror; sometimes to see clearly what is happening we have to remove it from our thinking and get back to what I call elementary "human thermodynamics". An "economy" where a large percentage of the people are not productive but rather many require additional care will have certain characteristics; think about it.
Then you can put "money" back into the equation by remembering the first thing you learned in Economics 1A: supply and demand. Unfortunately for the simple-minded, there are actually several things that CAN happen at the macro level as a result of attempting to "save" money for retirement, but they all are the result of the shifting value of the money "saved" as the economy allocates it's increasingly scarce resources to the burgeoning population of the elderly (or doesn't)...
--
William Ernest Reid
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Bill Reid wrote

Its FAR too simplistic. FICA taxes just pay for the social safetynet, not what most want for their time past working.

It works even better when the forced savings are more than just FICA level.

You do in spades.

Pity that didnt get you anywhere at all, just completely off the rails.

Which might just be why all modern first world countrys which have a clue have such high levels of immigration, so that doesnt happen.

Something you clearly cant manage.

Didnt help your line of mindless bullshit one bit.

Thats a myth with modern first world economys.

Or has enough of a clue to ensure that that doesnt happen with immigration.
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Like most true idiots, you constantly fall prey to the "nominal fallacy", the idea that if you give something a name, you've explained it, or even understand it. Here you use the term "social safetynet (?one word)", a concept invented by none other than FDR, as an attempted refutation to the simple idea that over time retirees can't get more out of Social Security than what current workers put into it, followed by the irrelevant non-sequitur about what retirees "want".
Of course we went through this innumerate idiocy back in the 70s as the first demographic bulge in America began to retire and the "social safetynet" started to become insolvent. How did they fix the "social safetynet"? They raised the FICA taxes almost three-fold on CURRENT WORKERS (and there were a lot more of them as a ratio to retirees at that time).
But a geriatric moron like "Rod Speed" believes he has a magical "social safetynet" invented by FDR that will keep him from eating dog food...

Sure, the more you "force" people to save, the less dog food current retirees have to eat. If you "force" current workers to "invest" in the stock market, that means current retirees get more money for THEIR stocks when they sell them to buy the expensive human food...

Actually, I'm not sure this is a real "Rod Speed" post, because I haven't seen the term "pig-ignorant" yet...however, the "neener-neener" argument above is classic "Shod Peed"...

OH YEAH, WELL, SO'S YOUR OLD MAN!!!

Ah yes, the "brown-skinned slaves" theory of salvation, never heard THAT one before...but I have to ask, how does that refute what I said above? I will grant you that one of the characteristics of an "economy" where a large percentage of the people are not productive is they will attempt to import "cheap labor", so thanks for agreeing with me...but then what happens?

YOUR MUDDER WEARS ARMY BOOTS!!!

I GOT A MATCH FOR YOU: YOUR FACE AND MY ASS!!!

I would say that your "modern first world economies" are pretty mythical, as they seem to have magical properties that defy rational explanation and aren't supported by any of the actual evidence...

Yes, but this doesn't address the subject issue..."immigration" just means that "current employees" (the "immigrants") "fund" the "retirees" by (presumably) working for MUCH less than the current retirees received...so where does THAT lead?
Come on, "Shoddy Roddy", think it through, amaze us with your intellect once again, don't make me do all the work here...
--
William Ernest Reid
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Some terminal fuckwit claiming to be Bill Reid wrote just the puerile shit that any 2 year old could leave for dead, as always.
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Great, I got the "PodBot" back into his infinite loop, as useless as his entire life!!!
--
William Ernest Reid
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Some terminal fuckwit claiming to be Bill Reid wrote just the puerile shit that any 2 year old could leave for dead, as always.
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Almost forgot to keep the "OddPot" in his infinite loop...
Oh, and actually importantly, this refusal to see the "economy" as it really is is what prevents "investors" from making first-order forecasts of the financial markets. While I guess it is just harmless crank behavior for somebody like "Cod Mead" to spew out endless self-contradictory non-sequiturs about the "capitalism" as it is currently "practiced", for somebody who has any "skin in the game", it is a financially fatal self-indulgence in comforting stupidity...
--
William Ernest Reid
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Some terminal fuckwit claiming to be Bill Reid wrote just the puerile shit that any 2 year old could leave for dead, as always.
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Do you always remember to pull up your pants after you are done in the bathroom? It actually doesn't matter because your behavior here is the Usenet senility equivalent...
--
William Ernest Reid
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Some terminal fuckwit claiming to be Bill Reid wrote just the puerile shit that any 2 year old could leave for dead, as always.
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Rod, Rod, RODDY, the Rodster, the RODMAN, Rodabambamwaloobam, makin' copies, the Rodinator...
--
William Ernest Reid
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Some terminal fuckwit claiming to be Bill Reid wrote just the puerile shit that any 2 year old could leave for dead, as always.
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Ever see a really dumb dog chase its tail? Even the dumbest of dogs eventually gets tired and falls asleep...now the question is: just how dumb a dog is "Odd Creed"?
--
William Ernest Reid
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