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Frayed Ends: Business, Economics, and Tax Policy 3.0

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Re: Frayed Ends: Business, Economics, and Tax Policy 3.0

Pretty amusing that the lefties are trying to hold up Social Security retirement plan as a model government program. You do know that people have to pay into it first before they can receive benefits from it, and that the benefits they receive are proportional to the income base upon which taxes were assessed?

I'm sure that the righties would love to have that be the model for every government program!


The righties however are no better when it comes to assessing Social Security retirement program. In one sense, it is a mandatory 401(k) plan with a 100% employer match that restricts your investment options to US government bonds, and restricts your withdrawal options to a life only annuity. You may agree or disagree with the thinking upon which it is based, but at least the thinking and the plan are logically coherent.



For some reason, lefties and righties are both bonkers whenever Social Security retirement program comes up for discussion!

Neither group seems able or willing to think, both react viscerally with emotional heat that makes no sense.
 
Re: Frayed Ends: Business, Economics, and Tax Policy 3.0

FreshFish said:
Pretty amusing that the lefties are trying to hold up Social Security retirement plan as a model government program. You do know that people have to pay into it first before they can receive benefits from it, and that the benefits they receive are proportional to the income base upon which taxes were assessed?

I'm sure that the righties would love to have that be the model for every government program!


The righties however are no better when it comes to assessing Social Security retirement program. In one sense, it is a mandatory 401(k) plan with a 100% employer match that restricts your investment options to US government bonds, and restricts your withdrawal options to a life only annuity. You may agree or disagree with the thinking upon which it is based, but at least the thinking and the plan are logically coherent.



For some reason, lefties and righties are both bonkers whenever Social Security retirement program comes up for discussion!

Neither group seems able or willing to think, both react viscerally with emotional heat that makes no sense.
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Maybe it's because of FDR's stupidity in structuring it, and no generation wants to bear the brunt of that cost. I have a feeling, though, that it will end up being my generation anyway.
 
Re: Frayed Ends: Business, Economics, and Tax Policy 3.0

Oddly enough I believe FDR only meant Soc Security for the people of the WWII-Great Depression generation. I think it was Nixon who expanded it beyond the original scope.
 
Re: Frayed Ends: Business, Economics, and Tax Policy 3.0

ScoobyDoo said:
They also gutted education. Educated people will be moving out of there soon enough.
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It's temporary. Everybody in RTP is from the northeast. NC is going to look like Maryland in 10 years.
 
Re: Frayed Ends: Business, Economics, and Tax Policy 3.0

Kepler said:
It's temporary. Everybody in RTP is from the northeast. NC is going to look like Maryland in 10 years.
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We'll see. All the people in Texas that moved there for jobs are having kids and starting to vote for more education. Things will change down there too maybe. All depends on how much derp mode persuasion can win out.
 
Re: Frayed Ends: Business, Economics, and Tax Policy 3.0

ScoobyDoo said:
We'll see. All the people in Texas that moved there for jobs are having kids and starting to vote for more education. Things will change down there too maybe. All depends on how much derp mode persuasion can win out.
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The evangelical Christians are cutting education because they homeschool their own kids and they don't care about anybody else's. A few of those kids are going to be competitive (it seems like they've got a lock on white spelling bee contestants), but the vast majority are enrolled in joke curricula and if your parents have chosen homeschooling the odds are, while not impossible, at least long that you're going to get a competent teacher. It's a fad now but after a generation or so of failure most of them are going to come back to public education, and of course then they'll vote to push budgets back up.

Of course, the other thing that could happen is for liberals to create a private school network (imagine not having to dumb down your science classes so the grunters won't get offended).
 
Re: Frayed Ends: Business, Economics, and Tax Policy 3.0

Kepler said:
Of course, the other thing that could happen is for liberals to create a private school network (imagine not having to dumb down your science classes so the grunters won't get offended).
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Yeah, but that will be faced with a double whammy of negativity. The orcs will accuse them of elitism, and they will be excoriated by their beloved teacher's unions.
 
Re: Frayed Ends: Business, Economics, and Tax Policy 3.0

FadeToBlack&Gold said:
Yeah, but that will be faced with a double whammy of negativity. The orcs will accuse them of elitism, and they will be excoriated by their beloved teacher's unions.
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I don't hope for it -- destroying the public school system would put another nail in the coffin of American egalitarianism. Just saying that a school system that didn't have to bend over backwards for the infants would be pretty impressive. STEM alone would make it the de facto feeder system for the top tier colleges, which in turn would improve them. It would also really cut into the Dubya legacy types to have the upper class twits have to compete with a parallel private school system that had the same resources.
 
Kepler said:
I don't hope for it -- destroying the public school system would put another nail in the coffin of American egalitarianism. Just saying that a school system that didn't have to bend over backwards for the infants would be pretty impressive. STEM alone would make it the de facto feeder system for the top tier colleges, which in turn would improve them. It would also really cut into the Dubya legacy types to have the upper class twits have to compete with a parallel private school system that had the same resources.
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You can't keep throwing money at schools and hope they get better. What I'd be curious about is the overhead rate for a school system. In other words - how much of every dollar makes it to the classroom and extracurricular activities.

Many companies and the feds examine their overhead rates on a regular basis to make sure that the $$ are getting to their mission. I wonder if school systems do the same thing?
 
Re: Frayed Ends: Business, Economics, and Tax Policy 3.0

Rover said:
Oddly enough I believe FDR only meant Soc Security for the people of the WWII-Great Depression generation. I think it was Nixon who expanded it beyond the original scope.
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I would have thought it was either Kennedy or LBJ, considering that's about the time Medicare came into play, which also uses FICA. Nixon wouldn't surprise me, though, given the ticked off entitled baby boomers.
 
Re: Frayed Ends: Business, Economics, and Tax Policy 3.0

joecct said:
You can't keep throwing money at schools and hope they get better. What I'd be curious about is the overhead rate for a school system. In other words - how much of every dollar makes it to the classroom and extracurricular activities.

Many companies and the feds examine their overhead rates on a regular basis to make sure that the $$ are getting to their mission. I wonder if school systems do the same thing?
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Some of the smaller ones under threat of consolidation certainly are. Not sure about the larger ones, though.
 
Re: Frayed Ends: Business, Economics, and Tax Policy 3.0

Rover said:
From the Charlotte newspaper...

http://www.charlotteobserver.com/news/business/article9498203.html
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Nothing in the Charlotte article contradicts what is stated in the other article. The CFED group, which the Charlotte article uses as their source, focuses on low income Americans. The Charlotte article is basically saying that North Carolina's low income residents are still lagging behind the rest of the US which means NC still has more work to do in that regards.
 
Re: Frayed Ends: Business, Economics, and Tax Policy 3.0

Bill said:
Nothing in the Charlotte article contradicts what is stated in the other article. The CFED group, which the Charlotte article uses as their source, focuses on low income Americans. The Charlotte article is basically saying that North Carolina's low income residents are still lagging behind the rest of the US which means NC still has more work to do in that regards.
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So a supply side/trickle down economy has created more wealth for the 1% while causing the rest of the population to lag. Umm...I think that's a problem, not a success....
 
Re: Frayed Ends: Business, Economics, and Tax Policy 3.0

Bill said:
Nothing in the Charlotte article contradicts what is stated in the other article. The CFED group, which the Charlotte article uses as their source, focuses on low income Americans. The Charlotte article is basically saying that North Carolina's low income residents are still lagging behind the rest of the US which means NC still has more work to do in that regards.
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Yes it does.
 
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