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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 60066  
Subject: Life Expectancy of wealthy SS Recipients Date: 7/25/2011 11:05 PM
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Social Security recipients in the upper-half of the income pyramid live on average 6 years longer than those in the lower half.

Here's a link to the study.
http://www.ssa.gov/policy/docs/ssb/v67n3/v67n3p1.html

And in case someone (tele) complains that not everyone in the upper half is wealthy, they are if you're in the lower half.

intercst
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Author: ariechert Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35554 of 60066
Subject: Re: Life Expectancy of wealthy SS Recipients Date: 7/26/2011 12:34 AM
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"If living were a thing that money could buy,
you know the rich would live,

and the poor would die.
All my trials Lord, soon be over."

"During the social protest movements of the 1950s and 1960s "All My Trials" became a popular folk song . It is based on a Bahamian lullaby about a mother on her death bed, comforting her children, "Hush little baby, don't you cry. You know your mama's bound to die," because, as she explains, "All my trials, Lord, Soon be over." The underlying message - this too shall pass; that no matter how bleak the situation seemed, the struggle would "soon be over" - lifted this song to the status of an anthem and was recorded by many of the leading artists of the era. The song is usually classified as a spritual because of its biblical references and religious imagery."

Joan Baez - All My Trials

http://www.youtube.com/watch?v=UIH1KccVlHk&feature=relat...

Artie

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Author: salaryguru Big gold star, 5000 posts Top Recommended Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35555 of 60066
Subject: Re: Life Expectancy of wealthy SS Recipients Date: 7/26/2011 1:05 AM
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http://www.poets.org/viewmedia.php/prmMID/15377

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Author: PucksFool Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35556 of 60066
Subject: Re: Life Expectancy of wealthy SS Recipients Date: 7/26/2011 8:44 AM
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And this is another reason to remove the cap on the Social Security tax.

PF

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Author: telegraph Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35558 of 60066
Subject: Re: Life Expectancy of wealthy SS Recipients Date: 7/26/2011 9:28 AM
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pf;"And this is another reason to remove the cap on the Social Security tax."

only if benefits are paid in proportion to that paid in!.... already, a lower income person receives more percentage wise by a significant amount. And you use this other study to justify this? why?


Likely, those in the upper half of income EARNING are those who do professions which do not require manual labor and are those who likely TAKE CARE OF THEMSELVES health wise. Eat a better diet. Get annual checkups and dental care. That is because they likely come from two parent homes (or did for the study), learned good habits, weren't forgiven every thing they overlooked by the libs as 'unncecessary' and oh, it isn't their fault type arguments.

Those in the lower half likely either didn't have the mental ability to work in professions where much manual labor was required, didn't have the educational opportunities or the family history to provide them with the incentive to get an education, grew up with 'values' that didn't include being a professional, studying, going to college, etc.

It's not really surprising. When you read that 50% of all people over 65 in WV and KY don't even half 6 of their own teeth any more....well, you know that they didn't take very good care of themselves. That starts to lead to other health problems.

I could go on about impaired babies born to coke and meth addicted mothers who will always be mentally impaired..... or those born to minorities where 75% live in single parent homes - the 'family values' of the African Americans these days that limit opportunities - and likely life span.

Yeah......those in the upper income brackets are likely to live longer and no amount of new government spending is going to make much of a difference. It all starts at the family level and the lower income families are cratering and falling apart.

Now, you might have provided info on other countries to see if there is any difference.....


t.

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Author: temsike Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35561 of 60066
Subject: Re: Life Expectancy of wealthy SS Recipients Date: 7/26/2011 9:37 AM
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And this is another reason to remove the cap on the Social Security tax.

Yep.

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Author: SeattlePioneer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35562 of 60066
Subject: Re: Life Expectancy of wealthy SS Recipients Date: 7/26/2011 11:27 AM
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As if Democrats needed a reason to raise taxes...


Those working class stiffs have too much money now. If we let them keep it they will just spend it on fatty foods and gasoline.

We are doing them a FAVOR by taking it away from them.



Seattle Pioneer

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Author: salaryguru Big gold star, 5000 posts Top Recommended Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35564 of 60066
Subject: Re: Life Expectancy of wealthy SS Recipients Date: 7/26/2011 3:14 PM
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You have to wonder about the mental processes that allow T-baggers to hold so tightly to a philosophy that has failed so obviously and completely. Their ability to ignore facts or make up things to rationalize their failure is huge, while their ability to digest facts and apply logic is missing completely. Hypocrisy is an apparent requirement.

The economy worked with tax rates of Reagan and with tax rates of Clinton. The wingnuts are ready to give Ronny sainthood, yet if someone proposed his tax code today they would scream, "Communist", and criticize him every 20 minutes 24/7 on FuxNews, their propaganda machine. Bush tax cuts have cost trillions and led (along with unfunded wars and unfunded Medicare D) directly to most of the financial crisis we are experiencing today, but now T-baggers claim it is not enough. They don't want to go back to the formula that worked so well for over 20 of the most productive years in the nation's history. Instead they want to embrace the failure of the Bush economic plan and race headlong into an even deeper abyss. Some might consider such behavior as . . . well . . . stupid.

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Author: PucksFool Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35565 of 60066
Subject: Re: Life Expectancy of wealthy SS Recipients Date: 7/26/2011 6:12 PM
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Those working class stiffs have too much money now.

We've been doing a lot of home maintenance projects over the past couple of years. Negligence for 30 years will do that.

$5,000 = Counter tops + sinks + plumbing in the kitchen / (3 workers X 3 days)
$11,000 = New windows (due to bad planning 30 years ago they were custom sizes and serious upgrading) / (2 workers X 10 days)
$6,000 = new shingles + new roof decking / (9 workers X 1 day)
$4,000 = stain & paint + power washing the house and decks / (3 workers X 6 days)

If you do the math and project this out for a year, I don't think any of these working class stiffs are going to be above the $250K threshold that is being discussed.

PF

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Author: 0x6a74 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35566 of 60066
Subject: Re: Life Expectancy of wealthy SS Recipients Date: 7/26/2011 10:17 PM
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And this is another reason to remove the cap on the Social Security tax.



and therein is the bind...

sounds like a tax the GOP could go for ..
and one i'd be happy with IF the rest of the country were giving something.


but i don't like, "lets smack the middle class retirees" any more than GOP likes "lets smack the upper 2%"

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Author: IBPore Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35567 of 60066
Subject: Re: Life Expectancy of wealthy SS Recipients Date: 7/27/2011 1:14 AM
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SG: You have to wonder about the mental processes that allow T-baggers to hold so tightly to a philosophy that has failed so obviously and completely. Their ability to ignore facts or make up things to rationalize their failure is huge, while their ability to digest facts and apply logic is missing completely. Hypocrisy is an apparent requirement.

They are aided in their quest by the likes of O'Lieley and Rush. My wife turned on O'Lieley in the car today, where I couldn't escape. His command of history and facts is marvelous, though completely upside down. He also had a couple of synchopants echoing his pearls of wisdom.

I finally made her (wife) turn to one of my music channels.

IB Pore
... spending the night in Scottsdale where it's a balmy 108°.

Hey, SG, available for dinner at Arriba's Wednesday evening?

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Author: culcha Big gold star, 5000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35571 of 60066
Subject: Re: Life Expectancy of wealthy SS Recipients Date: 7/27/2011 8:39 AM
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... sounds like a tax the GOP could go for ...

tax? the GOP could go for?


does not compute

GOP: "We don't need no steenkin' taxes."


culcha

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Author: telegraph Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35577 of 60066
Subject: Re: Life Expectancy of wealthy SS Recipients Date: 7/27/2011 1:13 PM
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typical redistribution of wealth.

Libs seem to think the government knows best what to do with people's money.

Intercst won't be laughing so hard once they come for his IRA and stock accounts - to put them in a government lock box for safe keeping..and they'll dole out maybe twice as much as SS pays...because 'that is all anyone needs'. The rest will go to the deadbeats.


t.

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Author: 0x6a74 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35579 of 60066
Subject: Re: Life Expectancy of wealthy SS Recipients Date: 7/27/2011 2:40 PM
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... sounds like a tax the GOP could go for ...
------
tax? the GOP could go for?

does not compute




after posting, it struck me that i may have misunderstood ..

i've been hearing so much about 'means testing SS' and 'greedy bleeping boomers', i thought the suggestion was to raise the tax on SS income (curently ,iirce, up to about 86%, dependent on some crazy formula)

whereas, the suggestion may have been to raise the limit on FICA (currently about $106K)

i think the GOP could go for the formers, Not the latter

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Author: telegraph Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35580 of 60066
Subject: Re: Life Expectancy of wealthy SS Recipients Date: 7/27/2011 4:41 PM
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"I've been hearing so much about 'means testing SS' and 'greedy bleeping boomers', i thought the suggestion was to raise the tax on SS income (curently ,iirce, up to about 86%, dependent on some crazy formula)

The dems want SS paid on all income they can grab....including investment income and cap gains....

they are greedy beady eyed money sucking socialists ......

Not only that, they want the employers to also pay on whatever someone makes up to gazillions of dollars.

Of course, those folks won't get an extra dime in SS...that is 'capped'.....

Then the dems likely want 100% of SS taxed..now they only tax 85% of what you get......but it is YOUR MONEY to start with. They took it...and when you retire, they barely give you your money back, but then you got to pay tax on it too!......


The dems won't be happy till you turn over your entire paycheck and all your investment income...and they give you a $100/week allowance to live on. If you are deserving and 'vote right'.



t.

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Author: BlueGrits Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35595 of 60066
Subject: Re: Life Expectancy of wealthy SS Recipients Date: 7/28/2011 10:44 AM
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Tele's irrational rants aside, the story of our debt is really pretty interesting. I saw one of Reagan's economic advisors on TV yesterday and he laid the majority of our debt problems directly at the feet of Bush:

- We were on track to retire the national debt, but the Bush tax cuts killed that opportunity. (The "It's YOUR money!" crowd somehow never got to the part about "It's YOUR national debt!".)

- The wars in the ME, unlike other wars for this country, were fought almost entirely on borrowed money. ("Almost" because it's hard to figure out what is "basline" DOD spending versus what specifically went to the wars.)

Note: The graphic in the below link shows how over a third of the national debt we face today can be linked to just a handful of Bush's policies ($5T of $14T).

http://www.nytimes.com/imagepages/2011/07/24/opinion/sunday/...

While growing up, our family at various times benefited from food stamps, welfare, medicare, medicaid, unemployment, social security, and federal programs for college education. From that, the government got five children who all grew up to be middle class families with ten college degrees among them (including one PhD). Also, I'm certain that three of those five now pay more in income taxes than was ever received for food stamps and welfare. (I would add medicare and medicaid, but am not sure not to value those.) I also know for sure one of the kids has a net worth over $1M and I *think* a second one does too.

Our family has a lot to be thankful for. If not for that assistance, I doubt any of us would be where we are today. If not for passing that legacy on to others, they might not have a tomorrow either.

It is truly a wonder that those who bleat things like "greed is good" and "It's YOUR money!" - you know, the tele crowd - actually remain in a country founded on the principle of E pluribus unum (Latin for "Out of many, one").

I know it will make some Republican'ts here GASP but DW & I have already discussed bequeathing part of our estate to pay off the per capita amount of national debt we owe. That will be a big check for us and the effect might not be that large, but it seems like the honorable thing to do.

BG

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Author: telegraph Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35597 of 60066
Subject: Re: Life Expectancy of wealthy SS Recipients Date: 7/28/2011 11:22 AM
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BG: blame BUsh..

the problem exists...

Obama has upped federal spending by 50% in just two years....that's a fact.


The spending has to be gotten under control.

It will one way or the other. The 'other' way is not too much fun. Think of Greece.

Libs have nothing to offer but 'blame Bush'.

SOrry , that won't work or pay the bills.


t.

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Author: sykesix Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35601 of 60066
Subject: Re: Life Expectancy of wealthy SS Recipients Date: 7/28/2011 12:28 PM
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Obama has upped federal spending by 50% in just two years....that's a fact.

If by "fact" you mean "blatant lie" then yes, you are correct. Now, if by "fact" by "fact" then you are wrong.

Obama took office in 2009, but of course about 3/4 of the 2009 budget was authorized in 2008 when Bush was president.

Obama gets ownership for 2010 and of course 2011 isn't over yet. Here are the budgets for each year (in trillions):

2009 3,517.7
2010 3,456.2
2011 3,818.8 (est)

Note that 3.4 isn't 50% higher than 3.5. Uh, in fact it is a little lower. 3.8 isn't 50% higher either.

http://www.gpoaccess.gov/usbudget/fy12/hist.html

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Author: SeattlePioneer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35603 of 60066
Subject: Re: Life Expectancy of wealthy SS Recipients Date: 7/28/2011 1:25 PM
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<<- The wars in the ME, unlike other wars for this country, were fought almost entirely on borrowed money.>>



Heh, Heh! WWII, Korea and Vietnam were fought on borrowed money. MOST wars have been fought on borrowed money, and that goes for most wars in history.

The Brits started taxing Americans after the French and Indian War to try to pay back a crushing load of debt, then the French Revolution occurred in part because the French monarchy was trying to pay down debt from being involved in a World War started because of the American declaration of independence.


Seattle Pioneer

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Author: StockGoddess Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35605 of 60066
Subject: Re: Life Expectancy of wealthy SS Recipients Date: 7/28/2011 1:39 PM
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Obama has upped federal spending by 50% in just two years....that's a fact.




Bush inherited a prosperous country with a surplus. Within 4 months of taking office it was a deficit. He got us involved in a war that was completely and utterly unnecessary and cost us trillions.

Obama inherited a country on the verge of the second great depression enmeshed in two wars and has been trying to keep us all from sliding off the cliff Bush created.

That's also a fact.

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Author: telegraph Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35606 of 60066
Subject: Re: Life Expectancy of wealthy SS Recipients Date: 7/28/2011 2:13 PM
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"Obama inherited a country on the verge of the second great depression enmeshed in two wars and has been trying to keep us all from sliding off the cliff Bush created."


ANd he has driven us further off the cliff with failed stimulus, and trillions in failed economy policy, bailouts, gifts to unions, 100,000 pages of new job strangling regulations.....


It's so bad that he can't pass a budget in 800 days after it is due.

He knows no limit to spending...just borrow and spend and spend and spend.

That is why we are in the dire straits of the moment.....a spendaholic lib dem party led by Reid, Pelosi, and obama...mounting up unsustainable levels of borrowing and spending and spending and spending.

It won't end well.


t.

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Author: sykesix Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35607 of 60066
Subject: Re: Life Expectancy of wealthy SS Recipients Date: 7/28/2011 2:42 PM
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Heh, Heh! WWII, Korea and Vietnam were fought on borrowed money. MOST wars have been fought on borrowed money, and that goes for most wars in history.

The Brits started taxing Americans after the French and Indian War to try to pay back a crushing load of debt, then the French Revolution occurred in part because the French monarchy was trying to pay down debt from being involved in a World War started because of the American declaration of independence.


Right. Higher taxes. That's what happens after expensive wars. Almost to a man the people who were cheerleading us into the misadventure in Iraq are blocking efforts to actually pay for it.

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Author: telegraph Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35608 of 60066
Subject: Re: Life Expectancy of wealthy SS Recipients Date: 7/28/2011 2:50 PM
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"Right. Higher taxes. That's what happens after expensive wars. Almost to a man the people who were cheerleading us into the misadventure in Iraq are blocking efforts to actually pay for it. "


You only raise taxes IF the economy is doing well.

Even Obama said you don't raise taxes during a recession.

That's where we are.....or maybe I should say the OBama Depression?



t.

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Author: SeattlePioneer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35609 of 60066
Subject: Re: Life Expectancy of wealthy SS Recipients Date: 7/28/2011 3:24 PM
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<<The Brits started taxing Americans after the French and Indian War to try to pay back a crushing load of debt, then the French Revolution occurred in part because the French monarchy was trying to pay down debt from being involved in a World War started because of the American declaration of independence.

Right. Higher taxes. That's what happens after expensive wars. Almost to a man the people who were cheerleading us into the misadventure in Iraq are blocking efforts to actually pay for it.>>


I suppose they aren't interested in being the next Louis XVI.


Obama can take the lead on this. Of course, he signed extensions of the Bush tax cuts already.



Seattle Pioneer

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Author: sykesix Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35634 of 60066
Subject: Re: Life Expectancy of wealthy SS Recipients Date: 7/30/2011 1:10 AM
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I suppose they aren't interested in being the next Louis XVI.

That's my point. They are all about the spending, but they aren't around when it comes to the paying.

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