Airline Pilot Central Forums - Profit Sharing 26 Rumors and Guesses

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Quote:

Originally Posted by Nantonaku (Post 4003890)

Give us a number, the exact number, where you draw the line for a safety net. I’m retiring early, I’m going to need my SS.

So, you're not working as long as you can and want the government to take up the slack?

Quote:

Originally Posted by Joe Bauers (Post 4003883)

SS needs to be fixed. A guy with $5 million in his 401k taking let's say $300k a year out gets his full SS payment. Now let's look at someone living on their SS check. If they take a job to try to make ends meet their SS is reduced if they make more than approximately $18k a year working. I saw this happen to my mother.

Same thing with rental income. I know a guy with 300 doors in his rental portfolio and he brags about still getting the full SS benefit.

So, yeah, if you're rich you shouldn't get SS benefits but you should still pay for it.

I think you need to go back to asking about monthly bid award timelines and simulator operating costs.

Quote:

Originally Posted by Joe Bauers (Post 4003891)

So, you're not working as long as you can and want the government to take up the slack?

The request sounded like a return of tax dollars contributed over decades of employment minus the cost of insurance provided. Seems reasonable.

Quote:

Originally Posted by GutterGuard (Post 4003895)

I think you need to go back to asking about monthly bid award timelines and simulator operating costs.

Do you have a difficult time with opinions different from your own?

Quote:

Originally Posted by Joe Bauers (Post 4003899)

Do you have a difficult time with opinions different from your own?

Not at all. Everyone's entitled to their opinions, no matter how amusing they are.

Quote:

Originally Posted by Gunfighter (Post 4003896)

The request sounded like a return of tax dollars contributed over decades of employment minus the cost of insurance provided. Seems reasonable.

Sounds like you don't know how insurance works.

Quote:

Originally Posted by Joe Bauers (Post 4003899)

Do you have a difficult time with opinions different from your own?

At what point am I "too rich" to collect on the SS benefit I paid into for 50+ years.

Why should I not get SS benefits when someone who paid the same in taxes but never invested a dime and spent every dollar they made would?

Quote:

Originally Posted by Joe Bauers (Post 4003883)

Your example includes two individuals who paid into the system who now receive benefits. The benefits received are reflective of their contributions.

The third example receives SS and income from working. That's the insurance portion of the system protecting from homelessness and starvation. How much insurance should be provided? New car, used car, public transit?

SS is an insurance policy based on the premiums you paid. It's not a system for redistribution of earned income.

Quote:

Originally Posted by Joe Bauers (Post 4003891)

So, you're not working as long as you can and want the government to take up the slack?

Yes, this is correct, except I paid into a system with the expectation I’d be paid back my own money.

Quote:

Originally Posted by Joe Bauers (Post 4003901)

Sounds like you don't know how insurance works.

Please educate me it's been a few decades since I held any licenses. You can read all about insurance below.

https://www.ssa.gov/policy/docs/prog...-programs.html