View Poll Results: Take $10,000 cash in exchange 1 year deferral of gov't benefits

Voters
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  • Yes

    3 37.50%
  • No

    5 62.50%
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Thread: Poll: $10,000 lump sum for deferral of 1 year of receiving gov't benefit?

  1. #1

    Default Poll: $10,000 lump sum for deferral of 1 year of receiving gov't benefit?

    would you take $10k now in exchange for deferral social security and medicare benefits?

    https://twitter.com/Jkylebass/status...99340507414528

    kyle bass working with a senior government official on The Eagle Plan. It will immediately deliver $10,000 to all American citizens in exchange for a 1-yr deferral of eligibility for Social Security and Medicare benefits (from age 67 to 68). How would you use it?
    Last edited by yellowsnow; 04-25-2020 at 11:05 PM.

  2. #2

    Default

    only available in the land of MAGA,

  3. #3
    Join Date
    Jun 2014
    Posts
    3,458

    Default

    Quote Originally Posted by yellowsnow View Post
    only available in the land of MAGA,
    Writing trillion dollar bills each week, that's COMMUNISM not capitalism!

    I get @#$@$ nothing from my @#$@#$@# hated EU masters, hope this ends badly.

  4. #4

    Default

    Quote Originally Posted by yellowsnow View Post
    would you take $10k now in exchange for deferral social security and medicare benefits?

    https://twitter.com/Jkylebass/status...99340507414528

    kyle bass working with a senior government official on The Eagle Plan. It will immediately deliver $10,000 to all American citizens in exchange for a 1-yr deferral of eligibility for Social Security and Medicare benefits (from age 67 to 68). How would you use it?
    Yes!

    And I'll put it all in on black. Go big or go home. Just like Jake did...

    https://youtu.be/tq0-EoZi3l4
    Small business is the incubator of employment. As it declines, so too do opportunities for first jobs, second chances and economic independence.

  5. #5
    Join Date
    Mar 2011
    Posts
    3,191

    Default

    I would not for one simple reason. I can get health insurance nowhere else. My SS is minimal, so that's unimportant, but Medicare has the oldsters cornered.

  6. #6

    Default

    Would take the 10K, as I do not think I will be getting much if any Social security and medicare anyway. If they call it the "eagle plan", they should send out $10K worth in gold eagles for those who opt to go that way, it's one way to increase the chances it will be saved, rather than being used for current indulgences. Oh yeah, but I forgot, they don't want us to save, they want us to spend! Spend it, now, help save the economy!?!?!!?
    Last edited by motocat; 04-27-2020 at 06:50 PM.
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

  7. #7

    Default

    Kyle Bass most be working with the left,if everybody took the 10k now they will be living in cardboard boxes and eating out of dumpsters.I retired at 60 after working over 42 years of my life , started collecting SS @ 62 I make more than double the 10 grand minus taxes.I could of worked longer in life, but after seeing my father die at age 58yrs old and getting nothing he put in, I figured I better get-er done.We all know social security will be in trouble some day, But don't give up and give in.

  8. #8

    Default

    Quote Originally Posted by THE OLD FART View Post
    Kyle Bass most be working with the left,if everybody took the 10k now they will be living in cardboard boxes and eating out of dumpsters.I retired at 60 after working over 42 years of my life , started collecting SS @ 62 I make more than double the 10 grand minus taxes.I could of worked longer in life, but after seeing my father die at age 58yrs old and getting nothing he put in, I figured I better get-er done.We all know social security will be in trouble some day, But don't give up and give in.
    The O.P. just mentioned deferring 1 year of benefits, not giving up on all benefits. Don't forget -- nothing is actually saved, so when you do get social security, it's coming from the pockets of current workers. The younger generations are not going to get what you do now, based on all reports they have read, they are not even offered the same pension plans that your generation received. And then we get angry for them also wanting to get a piece of the government pie? Like we expect them to be blind to how current socialism favors the boomers? Best bet to the younger folks here: don't count on any help, save what you can, the boomers care primarily about themselves, they think to hell with the future (enjoy it all now), a big reason this country is going downhill.
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

  9. #9

    Default

    Medicare loses upwards to 300 billion in fraud yearly. SS is to keep old people from starving (I think), and it's not much for most to care to much about it.
    It really depends on how healthy and resourceful you are.

  10. #10

    Default

    In order for $10k today to break even with future benefits (indexed for inflation at 3%) I would need to get a yearly return of 18%, and that's not counting getting gauged by taxes.

    They need to stop dicking around and privatize SS already so every idiotic politician can stop thinking about new ways to muck with it.

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