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New California gas tax went into affect today

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AzScorpion

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I'm looking forward to my senior citizens discount at the local cafeteria style restaurant. I'm gonna murder some tapioca!
There are a few places here that give it to you at 55. Heck yeah I've been taking whenever I can. Can't fight old age might as well take advantage of some of its perks. But I guess someone here will call that welfare too. :rolleyes:
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JJG

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Who says I do not have anger for corporate welfare?

GM and Delta should have burned to the ground so new market players could reset the system and make a better company.

Also I don't equate throwing fellow man under the bus with, "Why are you entitled to my shit?"

You do realize the Earth still turned before the government became a behemoth right?

You are not entitled to anything that is mine. Period. If I want to give you something it is my choice. It should not be taken from me by metaphorical gunpoint.

Save me your socialist garbage.
Your fellow man are only emulating what they see being allowed by the leaders of the economy. People see corporations getting away with taking, so they also want an angle to get their piece. How can you blame them? People like being trendy, and when leaders show its en vogue to legally take, steal and pillage then many of the surfs also try to play that game.
 

JJG

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If you live to 90 or maybe 100 you'll be getting money you never put in is my guess.

If you got all your pennies refunded right now you could invest it and make way more money. Why are people so blind to this? Even if you know nothing about investing money its easy to pick up on.

When I retire my SS check will just be play money. My real retirement money will come from programs I've voluntarily put money into. This coming from someone who was a complete dummy until 35 years of age on investing. I only turn 40 next month. I'm way behind, but already better off than 50% of the nation. Another 10 years and I'll be at the top percentage.

All with a shit paying job. (I work for local government, I took a huge paycut to bring more meaning to my life).
And what if the market crashes when you're ready to retire? And you end up like the poor suckers at Enron? All of that SS that you invested would be gone! Like I said, if that ever becomes an option bankruptcy should not be allowed and no other helpful benefits should be allowed either. You gamble and you lose, too bad!
 

DukeCanBuildit

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And what if the market crashes when you're ready to retire? And you end up like the poor suckers at Enron? All of that SS that you invested would be gone! Like I said, if that ever becomes an option bankruptcy should not be allowed and no other helpful benefits should be allowed either. You gamble and you lose, too bad!
Enron? Yikes! Let’s not do that again.
 

OFC Ranger

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Your fellow man are only emulating what they see being allowed by the leaders of the economy. People see corporations getting away with taking, so they also want an angle to get their piece. How can you blame them? People like being trendy, and when leaders show its en vogue to legally take, steal and pillage then many of the surfs also try to play that game.
Well, no argument there, so they both suck.

My outlook on life is very simple.

Leave me and mine alone. Charity is only charity when it develops naturally. Its not charity or being "helpful to fellow man" when the money is basically stolen from my wallet then distributed.

On average every year I never see 1/3 of my pay. It just disappears into the black hole of government like it never existed. If I invested that 1/3 every year, the way compounding works, it would turn into a ridiculous snowball of money in very short order. Then that is when you see big time charity donations happen. Once I have a large excess of cash I would be more inclined to make it rain dolla bills on hobo bob.

As it stands right now, I am robbed and its given to Hobo Bob while the government attempts to keep me in bondage.

Hell I would feel better if when we paid taxes we checked the items were used for (even though much like SS, it would become a slush fund).

[X] Roads & Bridges
[X] SSD
[X] Border Security
[ ] Hobo Bob
[ ] Subsidy for people to get degree in cosmetology.
[X] Laser Gun Research
 


AzScorpion

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And what if the market crashes when you're ready to retire? And you end up like the poor suckers at Enron? All of that SS that you invested would be gone! Like I said, if that ever becomes an option bankruptcy should not be allowed and no other helpful benefits should be allowed either. You gamble and you lose, too bad!
When you're close to retirement you should never be fully invested in the markets. Heck I still have time before I can collect on some of my investments and I've already pulled a lot out and/or shifted them to much more conservative funds.
 

OFC Ranger

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And what if the market crashes when you're ready to retire? And you end up like the poor suckers at Enron? All of that SS that you invested would be gone! Like I said, if that ever becomes an option bankruptcy should not be allowed and no other helpful benefits should be allowed either. You gamble and you lose, too bad!
Is that your understanding of investment? All eggs in one basket?

Thats not how real investing works.

Edit: By the way, there is a lot more to investing than stocks. There are physical items you can invest in that have shown to never become worthless. I ain't talking about cliche gold/silver either.
 

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You'll be lucky if they still have that option to take it at 62. Even if they do it's a dumb move unless you really really need it. To many people are fixated on "breaking even and getting my money back". I hear it all the time "what if I die" when you should be asking yourself "what if I live"? The payout at 62 is so small and the gains you get by waiting longer far outweigh "breaking even".

SS was never in my retirement plan because I knew long ago it was a Ponzi scheme. If it's there than great but no way I'm taking it at 62. You have a guaranteed payout for the rest of your life sitting there why would you take the smallest amount? If you cant make ends meet then ok but if it's to just take it to get even it's a dumb move.
Ive done the math. At 62 it will take 10 years before I would catch up to what I could get waiting to 67. So that puts me at 72 with 10 years of enjoyable retirement under my belt. So at 67 I would only have 5 years to 72 in which I may be even more wore out from working to death. So my plan is to take it asap and get as much as possible before Im dirt surfin.
 

AzScorpion

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Ive done the math. At 62 it will take 10 years before I would catch up to what I could get waiting to 67. So that puts me at 72 with 10 years of enjoyable retirement under my belt. So at 67 I would only have 5 years to 72 in which I may be even more wore out from working to death. So my plan is to take it asap and get as much as possible before Im dirt surfin.
There's no reason to work yourself to death. If you're diversified you use other investments as income until you reach the point where you take SS. Again why would anyone want the smallest payment unless you really need it to live on?
 

l0rdv8r

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By the time I am old enough to draw SS there will be no such thing..... This is why I've started investing in my own retirement as well as various other things (stocks/crypto - mostly for fun but still an investment)
 

AzScorpion

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That's smart to think that way Josh. If it's there (even at a reduced rate) great but always be prepared just in case it's not. I see so many of my customers who are in their 50's and say they're going to work until the die. It's sad and everyone's circumstances are different but a little planning while you're younger goes a long way.

We never think we're going to get old and be our parents age but old age has a way of sneaking up on you and before you know it, it's there! ?
 

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The Army sent me to Southern California and left me there for 8 years. I hated it sometimes, loved it sometimes, but overall was mostly indifferent to it. Met my wife there (California girls measure up to the hype, as a Midwest farm kid never in my life did I or have I ever since found myself surrounded by so many beautiful eligible women), had my kids there, bought and sold my first house there. And eventually learned that California is great it’s just the Californians that make it terrible. Also like many other Midwest transplants learned to love in-n-out and that’s probably what I miss the most.
Eventually the army realized they forgot about me and moved me back East. Haven’t been back since.
 

AzScorpion

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Boy this went from gas taxes to corporate welfare to SS and investments all in 9 pages. lol ?
 
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