RANT: The Social Security Myth

Saturday, January 22, 2011

http://finance.yahoo.com/focus-retirement/article/111849/social-security-changes-in-2011?mod=fidelity-readytoretire&cat=fidelity_2010_getting_ready_to_retire

4 Social Security Changes Coming in 2011
by Emily Brandon
Tuesday, January 18, 2011

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The Social Security program will be tweaked in several important ways in 2011. Workers will get a temporary tax break on the amount they pay into the entitlement program, and several claiming options for retirees will be eliminated. Here’s a look at how the Social Security program will change this year.

{Extraneous Deleted}

The Social Security system’s finances are not expected to be harmed because the trust fund will be reimbursed for the full amount of the tax break from the general fund of the Treasury. However, this change also means that the Social Security trust fund will no longer be completely funded directly by citizen contributions. “This pretty much ends the claim that Social Security is self-financing or that it doesn’t contribute to the budget deficit,” says Andrew Biggs, a resident scholar at the American Enterprise Institute and a former deputy commissioner of the Social Security Administration.

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What a bunch of hogwash!

This is all a myth.

Myth: “an unproved or false collective belief that is used to justify a social institution”!

Boy, that sure fits.

If you went to Metropolitan Life Insurance and bought an annuity. They would take your wealth that you gave them freely, invest it in something productive, deduct their fee, and return it to you over time in accordance with your contract. You have “rights”. You know it will be audited. You can sell it. You can rely on their assurances. There’s a risk, but you’ve considered and know it.

Now compare it to the Social Security “system”. (It’s wrong to call it a Ponzi scheme. In a Ponzi scheme, you volunteer to participate. Usually out of greed. But, with “Social Security”, you don’t get a choice.)

They TAKE your wealth. If you don’t want to participate, men with guns will come and possibly kill you.

That wealth is thrown into the General Fund. And, you get a promise. Not even an IOU.

The whole article “celebrates” the system.

Where are your rights?

When the system goes broke, you, and I, will be standing like David Copperfield, hat in hand, saying, “May I have what’s mine, sir?”

“We, The Sheeple” are getting shorn again.

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RANT: Watching VILL / SYR game

Saturday, January 22, 2011

I still think a time out should NOT granted when a change of possession is imminent.

Too many times a TO is granted an penalizes good defense.

I’d define “imminent” as “in the next three seconds”.

The ref could even let three seconds run off the clock then blow the whistle and award the time out.

Argh!

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JOBSEACH: “Job hopping” IS NOT the new normal

Saturday, January 22, 2011

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Is job hopping the new normal? : The Work Buzz theworkbuzz.com

Job hopping used to be taboo, but today it’s not only common, it’s also considered a good quality in many workers. What changed?

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FJohn Reinke • https://reinkefaceslife.com/2010/12/01/jobsearch-is-the-age-of-the-job-over/

The “gold watch” era is over. “Job hopping” is still taboo. But, the perception is reality. Today, it’s all about being “entrepreneurial or intrapreneurial”. Everyone is on their own. In an organization or not, you’re really on “The Apprentice” every minute.

That may sound to cynical, but …

Success for this generation is:

(1) ruthless financial discipline — no bad debt;

(2) a life long interest in learning — education — a degree — they can’t take it away from you;

(3) a NON-OFFSHORABLE white collar job in order to save big bux;

(4) a blue collar skill for hard times — never saw a poor plumber;

(5) one or more internet based businesses — your store is always open;

(6) develop a second business or avocation – under the radar – start small part-time;

(7) a large will-maintained network of people who can and will “help” you;

(8) buy and save assets that hold their value over time; and

(9) emulate the Amish and Mormons for their sense of community, simple thrifty living, and true to core values.

Notice that “loyalty to an employer who will screw you when it suits their purpose” is nowhere on that list.

It’s a complete paradigm and meme change that’s required.

It’s all about creating value. However one is uniquely qualified to do it, you have to do it in such a way that you retain some. And, you must always focus on unlocking value. For yourself primarily. And, developing skills at doing it.

Very cynical, I know. Very blunt. But, what does one expect from a fat old white guy injineer. And, you really don’t think the “unemployment rate” is under 10%? Lot of people have to learn a new set of paradigms and memes to compete in the new world.

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