I am including employer contribution – use .09
Know what else happened in history? Hitler!
Why do you support a nazi history?
An answer to what? Do I want to cancel Medicare? No, I don’t want to cancel medicare. I don’t hate old and sick people and wish to revel in their suffering.
Not even if I personally had mad invezting skillz which would leave me sitting on a giant pile of money from which to laugh manically as the rest of the populace suffers.
You must live somewhere other than the USA. Or you get your “facts” from keith oberman and chrissy matthews.
I just don’t disbelieve in the transportation department.
If the private sector is so much more efficient than the government, then why are insurance companies so askeered of having to compete with a public option for health care?
If you aren’t asking the question, then you are just on the sidelines. As I said, this is a leftie talking point that I want put to rest.
And 8% ROI across 45 years is NOT mad investing skills. It would be a kindness to the old get their money back, or to just phase it out. I am not the one who asked the question, they are.
Oh for fuck’s sake.
I formally accuse freedumb2003 of either being a troll, or just being a rampant idealogue who didn’t come here for discussion, but to try to wag his conservative dick around.
The 6% is for Social Security, not Medicare. Medicare employer+employee contribution is 2.9%.
I did not account for time in order to keep it fairly simple. Sure, $1400 can grow to $13,000 over time, but what are you doing for healthcare today? Where’s today’s outlay coming from?
You plan to consume no healthcare until you are 65? Once again, I salute you, sir!
I don’t know what ROR is. If you can get a guarateed 8% year-over-year for 45 years, awesome. 30-year CDs right now are cranking out a mighty 5.3%
I took the employer contribution into account
I’ll take a look at that.
Because what will happen is that when the gummit says “we are in the health/health insurance business and you will pay no matter what” then businesses will (wisely) drop all coverage, since why pay twice for the same thing? They walk away and the health care industry collapses (probably causing a greater depression than 1929, much less the blip we are riding).
It makes no economic sense and it makes no moral sense.
New to capitalism, are you? In other words, I do not believe that is a safe assumption.
I reran it at 5% and you still get 3/4 of a million. And long-term investments over 20 years have been doing in the 9% range. You have to ignore the blips like 9/11 and the obama drop – the trend of moderately aggressive investment does better than 8%. Cds iare not a valid comparison.
The magical employer contribution wouldn’t exist if not for Medicare. It’d just be additional employer profit.
Pretending that you’d get all of it if there were no Medicare is either stupid or disingenuous.
reviews posting history
I’ll go with stupid.
I’ve been starting to think that too- he always seems just moments away from busting out with a “why do you hate America?”
ETA: Bayard is correct- there is no 6% employer contribution. The employer contribution is 1.45%; the employee contribution is 1.45%.
Capitalist for many many years. I think that it is appropriate to refund the employer contribution to the employee who worked to create it. Maybe they would, maybe they wouldn’t but if the politicians and lefties are going to hold up Medicare as “Government Health Care That Works” then they need to look at the entire alternative.
It is a specious argument on their side and must be exposed as such.
Okay, you hate Medicare, it’s laid to rest. You resolved it in your OP.
And, it’s not like you can wait until you are 65 and then start buying medical insurance. You’d never qualify. You have to pay into insurance that whole time at vastly higher rates, or expect your investment to pay for uninsured medical care. So yeah - your math is delusional.
And the old people are really opposed to Medicare? Really?
Do you want to cancel VA benefits while you’re at it?
This is incorrect. I have my latest social security statement in front of me. The current Medicare tax for the individual is 1.45% and 1.45% for the employer. The max you should have to pay is 2.9%. Want to try again.
So what do you do to average over $250,000 a year over 30 years and you can’t add 1.45 + 1.45?
Why do you hate America?
[quote=“freedumb2003, post:9, topic:508079”]
[quote=“samclem, post:2, topic:508079”]
What about those of us lowlies who don’t have the (relatively) large annual income from which to draw money to invest?
Stole? For real? Taxes do not equal theft, even if the government is spending money on things that you reeeeealy don’t like. You’re making yourself sound (more) like a looney.
This seems likely to me.