29 votes

Ron Paul Hits Back Against People Criticizing His Social Security Stance

The media is trying to say Ron Paul is being a hypocrite in his comments about Social Security earlier today. But he does a great job of defending himself. Read about it, and watch video of the discussion, at the below link:

http://www.ibtimes.com/articles/354584/20120620/ron-paul-soc...

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

I don't know. Under a gold

I don't know. Under a gold standard, we also saw people massively underplanning for their retirement.

People are living longer. There are so many ways to stupidly invest money, and so many ways the scam artists can legally get your money from you.

When seniors don't save enough, the burden ultimately ends up falling on the government. Charity can't cover it, people understandably don't want these seniors on the streets, and in any case, having that much poverty so visible is damaging to property values, the economy, etc. The government ends up giving them welfare. Social Security was designed so that the elderly are forced to be responsible for themselves.

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a

Families

used to look after their own.

Yes, they used to. They

Yes, they used to. They didn't, because now most families can't afford to. They need to takae care of themselves. This is not only due to increased poverty or a decrease in values, but simply due to the fact that people are living so much longer. Costs of living on the family farm are also much lower than living in an apartment in the city.

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a

Excuse Me?

They need to take care of themselves ??? After the parents spent thousands of dollars and hours on "them" (and probably grandchildren) for years past - their response is "Sorry, I can't afford you"?
"Oh, but leave me the family home"...

How American.

Yes

SS undermines the family and the local community. On top of the fact it is FORCED seizing of one's earnings.

Faulty.

_________________________________

Freedom - Peace - Prosperity

No SSI here

Ive opted out of SS most of my life and have no intentions of collecting. I'm firmly against any kind of socialism. However, I never once judged my parents for participating, and the family even accepted the final payment from SSI for $250 that went towards their funerals. Mom and Dad both paid dearly for what little they were reimbursed by SSI.
My belief is, should we rid the Fed and the IRS of stealing our prosperity throughout our lifetimes, there would be little need for socialist programs.

tasmlab's picture

I'm self employed / no line item of SS

I'm self employed and don't pay a line-item labeled Social Security, but I do pay taxes and all funds regardless of how they are attributed go to general treasury anyways.

If you are an employee, the govt does a lot of line iteming in your withholding to make the taxes look net smaller, but all of it goes to the same bucket anyways.

Currently consuming: Gatto: "Underground history of education..", FDR; Wii U; NEP Football

How can you opt out?

You have to pay it.

Nobody has to pay

Think about it. Have you ever heard of anyone going to jail for not paying SSI?

Same Q...

How?

Info

There's a great deal of info available on the web regarding how to opt out. Just off the top of my head, any minister is exempt, no questions asked. Religious reasons, income levels, who you work for, etc. offer a lot of ways to opt out. Still, the bottom line, SSI is by law, voluntary.

What kind of job do you have

What kind of job do you have that you don't pay social security? They take them out of my check. I don't have a choice.

Job

Employers roll over because they don't want the hassle of contesting on your behalf. So in that regard you may not have 'choice'. Being self employed makes this much easier, but even more helpful is living off the grid. I own my home and property free and clear, and owe nothing at the bank. I live a modest life that doesn't require a great deal of income (federal reserve notes) to sustain that life style. Grow my own food, a little barter, etc. I live within my means. Financially secure doesn't necessarily have to mean "rich".

I also have opted out.

First step for me was to become a minister of the Universal Life Church. Second step: file IRS Form 4361, requesting ministerial exemption from self-employment tax. When that's approved, one is exempt from Social Security taxes which would normally be imposed on self-employment income. Third step: become self-employed, and note your 4361 exemption on your income tax 1040 form. You would NOT be exempt from SS taxes on income earned as an employee, unfortunately.

I've been free of SSI for over ten years now, with no problems.

Recommended reading: The Most Dangerous Superstition, http://www.amazon.com/Most-Dangerous-Superstition-Larken-Ros...

Good for you, though you are

Good for you, though you are taking a risk. They have to agree with you. And they almost never do that.

Still, if 10% of the people did that, it would cause a HUGE problem for them.

"Timid men prefer the calm of despotism to the tempestuous sea of liberty." - Thomas Jefferson
"Annoyance is step one of thinking"
"We're all in the same boat, it doesn't matter if you like me"

What risk?

I'm a real minister in a real church. You guys have been reading my sermons here for four years. I do conscientiously object to Social Security. The IRS rules do allow for a ministerial exemption from SS self-employment taxes. I applied for that exemption, and they approved my application. I didn't lie about anything, either on my application or on subsequent tax returns. Where's my problem?

Recommended reading: The Most Dangerous Superstition, http://www.amazon.com/Most-Dangerous-Superstition-Larken-Ros...

The IRS can simply disagree

The IRS can simply disagree with you any time they like. That's the problem. Of course, that's ALWAYS the problem.

"Timid men prefer the calm of despotism to the tempestuous sea of liberty." - Thomas Jefferson
"Annoyance is step one of thinking"
"We're all in the same boat, it doesn't matter if you like me"