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	<title>Comments on: Social Security vs. Personal Retirement Accounts: Which Way for Gays?</title>
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	<link>http://queercents.com/2007/09/24/social-security-vs-personal-retirement-accounts-which-way-for-gays/</link>
	<description>We're here, We're queer, and We're not going Shopping without Coupons</description>
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		<title>By: Nina</title>
		<link>http://queercents.com/2007/09/24/social-security-vs-personal-retirement-accounts-which-way-for-gays/comment-page-1/#comment-67336</link>
		<dc:creator>Nina</dc:creator>
		<pubDate>Tue, 25 Sep 2007 11:26:12 +0000</pubDate>
		<guid isPermaLink="false">http://www.queercents.com/2007/09/24/social-security-vs-personal-retirement-accounts-which-way-for-gays/#comment-67336</guid>
		<description>Those are all great comments. My post wasn&#039;t exactly an &quot;I&#039;m all about reform&quot; piece, but rather something to encourage conversation. You all make some great points.

Just for the record... I am one of those that have tired of taxes and big government. On social issues, I&#039;m a Democrat, but fiscally, I tend to side with the Republicans. Oxymoron? Or does this make me a &lt;a href=&quot;http://www.queercents.com/2007/09/04/the-gay-libertarian/&quot;&gt;gay Libertarian&lt;/a&gt;... still not sure.&lt;p class=&quot;top-comments&quot;&gt;Current score: &lt;span class=&quot;top-comments-karma&quot; id=&quot;karma-67336&quot;&gt;0&lt;/span&gt; &lt;small&gt;(to vote for this comment, please visit the site)&lt;/small&gt;&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Those are all great comments. My post wasn&#8217;t exactly an &#8220;I&#8217;m all about reform&#8221; piece, but rather something to encourage conversation. You all make some great points.</p>
<p>Just for the record&#8230; I am one of those that have tired of taxes and big government. On social issues, I&#8217;m a Democrat, but fiscally, I tend to side with the Republicans. Oxymoron? Or does this make me a <a href="http://www.queercents.com/2007/09/04/the-gay-libertarian/">gay Libertarian</a>&#8230; still not sure.
<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-67336">0</span> <small>(to vote for this comment, please visit the site)</small></p>
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		<title>By: FrugalZen</title>
		<link>http://queercents.com/2007/09/24/social-security-vs-personal-retirement-accounts-which-way-for-gays/comment-page-1/#comment-67259</link>
		<dc:creator>FrugalZen</dc:creator>
		<pubDate>Tue, 25 Sep 2007 00:57:46 +0000</pubDate>
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		<description>The reason most politicians dislike the PRA&#039;s is since the money is not segregated out with your name on it when you die your heirs have no idea how much they may have lost.

If, like my own parents who died at ages 63 and 64 and NEVER collected a Dime from Social Security and paid the absolute Maximum into the system all their working lives, you kick the bucket early the &quot;System&quot; keeps all the money and you have no idea how much was paid in.

Though in my parents case a little judicious calculating gives me an estimate of roughly $250,000 between their portion and the employers portion paid in over their lives....WITHOUT ANY INTEREST FIGURED IN!!!!!!

At leat half of the tax one pays should be able to be directed to an Inheritable PRA with the balance into a general fund to pay for those who for whatever reason cannot contribute to the system.

~ Roland

P.S. Chew on this~~~~ $30 a week (your $15 and your employers $15 match on a $200 Gross Pay) at 6% interest from the time your 25 until your 65 and assume you NEVER get a Raise will give you an account with $250,000 in it that at 6% earns $15,000 a year interest...which is equal to $300 a Week.

Don&#039;t believe me get a copy of Financial Compounding Tables at the bookstore and do the math!!!!!&lt;p class=&quot;top-comments&quot;&gt;Current score: &lt;span class=&quot;top-comments-karma&quot; id=&quot;karma-67259&quot;&gt;0&lt;/span&gt; &lt;small&gt;(to vote for this comment, please visit the site)&lt;/small&gt;&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>The reason most politicians dislike the PRA&#8217;s is since the money is not segregated out with your name on it when you die your heirs have no idea how much they may have lost.</p>
<p>If, like my own parents who died at ages 63 and 64 and NEVER collected a Dime from Social Security and paid the absolute Maximum into the system all their working lives, you kick the bucket early the &#8220;System&#8221; keeps all the money and you have no idea how much was paid in.</p>
<p>Though in my parents case a little judicious calculating gives me an estimate of roughly $250,000 between their portion and the employers portion paid in over their lives&#8230;.WITHOUT ANY INTEREST FIGURED IN!!!!!!</p>
<p>At leat half of the tax one pays should be able to be directed to an Inheritable PRA with the balance into a general fund to pay for those who for whatever reason cannot contribute to the system.</p>
<p>~ Roland</p>
<p>P.S. Chew on this~~~~ $30 a week (your $15 and your employers $15 match on a $200 Gross Pay) at 6% interest from the time your 25 until your 65 and assume you NEVER get a Raise will give you an account with $250,000 in it that at 6% earns $15,000 a year interest&#8230;which is equal to $300 a Week.</p>
<p>Don&#8217;t believe me get a copy of Financial Compounding Tables at the bookstore and do the math!!!!!
<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-67259">0</span> <small>(to vote for this comment, please visit the site)</small></p>
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		<title>By: Liza</title>
		<link>http://queercents.com/2007/09/24/social-security-vs-personal-retirement-accounts-which-way-for-gays/comment-page-1/#comment-67235</link>
		<dc:creator>Liza</dc:creator>
		<pubDate>Mon, 24 Sep 2007 20:24:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.queercents.com/2007/09/24/social-security-vs-personal-retirement-accounts-which-way-for-gays/#comment-67235</guid>
		<description>I become very worried when we start talking about siphoning off a part of the social security system&#039;s financing. 

Social Security should not be anyone&#039;s sole plan for retirement, but for many elderly and disabled people, it is the thing that saves them from homelessness and starvation, not a means of obtaining a &quot;cadillac hood ornament.&quot; 

It&#039;s easy for many Queercents readers, employed people in our 20s-40s mostly, to complain about our taxes and to come up with plans that will leave us better off. But my grandfather can&#039;t go out and make a better retirement plan, or work for additional income. He&#039;s 92 and has severe alzheimers. He and the millions of other people who depend on social security should be able to continue depending on it. 

Also, I find the idea that because Social Security benefits are currently structured to be totally unfair to queer families, therefore we should be in favor of getting rid of it, just incomprehensible. 

Marriage benefits are currently structured to be totally unfair to queer families (in most places). Should we get rid of marriage? No, we should try to apply marriage laws in a non-discriminatory manner. The military is currently structured to be unfair to gays and lesbians who want to serve, forcing them to hide their personal relationships. Should we get rid of the military? Again, I&#039;d go with no, and even if you think the answer is yes, that&#039;s probably not the main reason. We should try to conduct military operations in a non-discriminatory manner. 

Likewise, we should change the discrimination in social security benefits. But we shouldn&#039;t scrap the safety net. People need it. And one day, we might be those people.&lt;p class=&quot;top-comments&quot;&gt;Current score: &lt;span class=&quot;top-comments-karma&quot; id=&quot;karma-67235&quot;&gt;0&lt;/span&gt; &lt;small&gt;(to vote for this comment, please visit the site)&lt;/small&gt;&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>I become very worried when we start talking about siphoning off a part of the social security system&#8217;s financing. </p>
<p>Social Security should not be anyone&#8217;s sole plan for retirement, but for many elderly and disabled people, it is the thing that saves them from homelessness and starvation, not a means of obtaining a &#8220;cadillac hood ornament.&#8221; </p>
<p>It&#8217;s easy for many Queercents readers, employed people in our 20s-40s mostly, to complain about our taxes and to come up with plans that will leave us better off. But my grandfather can&#8217;t go out and make a better retirement plan, or work for additional income. He&#8217;s 92 and has severe alzheimers. He and the millions of other people who depend on social security should be able to continue depending on it. </p>
<p>Also, I find the idea that because Social Security benefits are currently structured to be totally unfair to queer families, therefore we should be in favor of getting rid of it, just incomprehensible. </p>
<p>Marriage benefits are currently structured to be totally unfair to queer families (in most places). Should we get rid of marriage? No, we should try to apply marriage laws in a non-discriminatory manner. The military is currently structured to be unfair to gays and lesbians who want to serve, forcing them to hide their personal relationships. Should we get rid of the military? Again, I&#8217;d go with no, and even if you think the answer is yes, that&#8217;s probably not the main reason. We should try to conduct military operations in a non-discriminatory manner. </p>
<p>Likewise, we should change the discrimination in social security benefits. But we shouldn&#8217;t scrap the safety net. People need it. And one day, we might be those people.
<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-67235">0</span> <small>(to vote for this comment, please visit the site)</small></p>
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		<title>By: Bill Long</title>
		<link>http://queercents.com/2007/09/24/social-security-vs-personal-retirement-accounts-which-way-for-gays/comment-page-1/#comment-67185</link>
		<dc:creator>Bill Long</dc:creator>
		<pubDate>Mon, 24 Sep 2007 13:56:21 +0000</pubDate>
		<guid isPermaLink="false">http://www.queercents.com/2007/09/24/social-security-vs-personal-retirement-accounts-which-way-for-gays/#comment-67185</guid>
		<description>I would be very pleased to see other gay people take a more critical look at the economic policies of the Democratic party. Their stance on Social Security is just one element of a very socialist platform, which is why I can never stomach voting Democrat. I usually end up voting Libertarian or occasionally for a Republican because of this. I would love to see some Democrats supporting private retirement accounts, and being friendlier in general to the idea of individuals keeping their money and deciding what to do with it and how to invest it.&lt;p class=&quot;top-comments&quot;&gt;Current score: &lt;span class=&quot;top-comments-karma&quot; id=&quot;karma-67185&quot;&gt;0&lt;/span&gt; &lt;small&gt;(to vote for this comment, please visit the site)&lt;/small&gt;&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>I would be very pleased to see other gay people take a more critical look at the economic policies of the Democratic party. Their stance on Social Security is just one element of a very socialist platform, which is why I can never stomach voting Democrat. I usually end up voting Libertarian or occasionally for a Republican because of this. I would love to see some Democrats supporting private retirement accounts, and being friendlier in general to the idea of individuals keeping their money and deciding what to do with it and how to invest it.
<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-67185">0</span> <small>(to vote for this comment, please visit the site)</small></p>
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