Bernie Sanders Defends Democratic Socialism

[InChristAlone]

Social security is not a retirement fund. If your husband died and you became parapalegic at 20 you’d be crying for social security. It’s Disability insurance for ANY age, not just old age.

I had a friend whose mom was hospitalized. She had dementia and could no longer self administer insulin. She had insurance but since it was a psychosocial problem she could no longer stay in the hospital. They told him his only option was to privately hire a nurse, which insurance would not pay for, to be with her all day and administer the insulin and monitor her blood glucose. What would you do in that situation? Do you have enough savings to include an RNs salary in case you become diabetic and demented?

I don't disagree with all social programs, I think some are necessary in countries where we promote individuality and lack of family support systems. But if you go to the SSA.gov website it IS about retirement. You can even estimate how much you will get based on how much you earned each year you worked and when you will retire. And they don't give you interest on that money you built up either like you would in other investments. The disability is pretty strict too, you have to be very completely unable to do basic tasks and you need enough credits to qualify, and became disabled while still working, meaning you have had to be paying into your own disability fund lol (unless you were disabled in childhood). So if I became disabled I wouldn't qualify because I haven't worked since 2008.

What will the US do in 50 years when all the autistic children's parents are dieing off and they still need fulltime care? Welp guess taxes will be going way up! Our society is not healthy and social programs are not doing anything to address it, just more and more taxes, more and more inflation. I feel very sorry for future generations.

 

[LUH 3417]

I know your comment wasn't directed towards me, but there's a very simple answer to this.

Long term care insurance. It's useful for precisely the situation you have presented, and you can get several $M of protection. I haven't yet looked into it, but from what my coworker has told me, the rates are a lot lower when you're young so if you want to get it then, I am willing to bet it is significantly cheaper than having the government do it, because whatever the government can do, the private sector can do cheaper. Always.

I’m not sure that any insurance would cover the cost of a private nurse. From my experience in hospitals and in the industry, it seems many people who aren’t sick enough to stay in the hospital need to hire their own care, which is obviously not an option for most Americans.

 

[LUH 3417]

I don't disagree with all social programs, I think some are necessary in countries where we promote individuality and lack of family support systems. But if you go to the SSA.gov website it IS about retirement. You can even estimate how much you will get based on how much you earned each year you worked and when you will retire. And they don't give you interest on that money you built up either like you would in other investments. The disability is pretty strict too, you have to be very completely unable to do basic tasks and you need enough credits to qualify, and became disabled while still working, meaning you have had to be paying into your own disability fund lol (unless you were disabled in childhood). So if I became disabled I wouldn't qualify because I haven't worked since 2008.

What will the US do in 50 years when all the autistic children's parents are dieing off and they still need fulltime care? Welp guess taxes will be going way up! Our society is not healthy and social programs are not doing anything to address it, just more and more taxes, more and more inflation. I feel very sorry for future generations.

I remain convinced that autoimmune dysregulation of the HPA axis along with neuro immunological dysfunction due to vaccines causes autism. That’s an entirely different beast. In my opinion America experienced the increased wealth and middle class prosperity that it did in the 50s and 60s largely due to new deal social programs. Hoover treated America like a business and drove it to the ground. FDR treated it as a society made up of people and renewed the work ethic and morale. The rugged individualism and lift yourself from your bootstraps mentality is all part of the myth making that has destroyed this country.

 

[managing]

Yes I did actually. I get $100 more in my paycheck every 2 weeks so $200 extra a month now. Thanks Trump =) His tax cuts equated to like 2-3 raises for me.

Of course Amazon doesn't pay income tax. They do pay taxes, but it's called capital gains tax. You pay capital gains tax as a business owner and investing.

That is not correct. Corporations (S and C) pay corporate income tax. If they have investments, and they probably do, they will pay CG on those. But investing is not Amazon's (nor most corporations) primary business. LLC owners receive the income on their 1040 (Sch C) just like wage earners. If they have investments, they will pay CG on those too.

But you are confusing investing (what you do if you own a share of Amazon) and business income (which is what Amazon makes). Two totally different taxation scenarios.

 

[ShotTrue]

That is not correct. Corporations (S and C) pay corporate income tax. If they have investments, and they probably do, they will pay CG on those. But investing is not Amazon's (nor most corporations) primary business. LLC owners receive the income on their 1040 (Sch C) just like wage earners. If they have investments, they will pay CG on those too.

But you are confusing investing (what you do if you own a share of Amazon) and business income (which is what Amazon makes). Two totally different taxation scenarios.

appropriate username

 

[managing]

I am with Cirion about all this, there is more to taxes than income tax, the medicare and social security tax is ridiculous. I don't need to pay the government to give it back to me when I retire. Maybe some people need it because they SUCK at saving money, but that's their problem not mine. We saved money even on a very low income for 3 people.

The only thing that needs to change is the amount of money required if you need to be in the hospital say from a broken bone, serious infection or other care needed, I mean even the healthiest will need something in their lifetime, so without insurance the costs add up like wildfire making insurance almost necessary. I HATE THAT. We have health insurance for the kids and have never actually used it, other than some check ups at the doctor but they didn't really need to go we just want to have a paper trail. It's not fair for people like us to pay thousands of dollars for insurance just in case something catastrophic happens because healthcare in the US is egregious. But it also wouldn't be fair to be taxed thousands of dollars a year to pay for other people's medical bills. It's just a mess. Private healthcare that goes across state lines is probably the best answer with the way things are at right now.

Well, I am not crazy about the current SS system. But consider this. What if you can opt out? And what if you then fail to provide for yourself. You get old. Incapable of working, or even taking care of yourself. Lose your home. Then what? You think you will only be a burden to yourself? That is never ever the case.

 

[Cirion]

That is not correct. Corporations (S and C) pay corporate income tax. If they have investments, and they probably do, they will pay CG on those. But investing is not Amazon's (nor most corporations) primary business. LLC owners receive the income on their 1040 (Sch C) just like wage earners. If they have investments, they will pay CG on those too.

But you are confusing investing (what you do if you own a share of Amazon) and business income (which is what Amazon makes). Two totally different taxation scenarios.

What is the different between LLC and a full corporation? The understanding I got is that a corporation is just a piece of paper that average joe can make.

What are the corporate tax rates?

 

[managing]

What is the different between LLC and a full corporation? The understanding I got is that a corporation is just a piece of paper that average joe can make.

What are the corporate tax rates?

21%

LLC are pass throughs. They give small business owners protection from personal liability like corporations. Partnerships and sole proprietors do not have this. But, like a SP or Partnership, it avoids double taxation. Corps are subject to double taxation. The company gets taxed as an entity. Then the owners get taxed again.

 

[tygertgr]

That is not correct. Corporations (S and C) pay corporate income tax.

The entire point of an S corp is that it pays no income tax. It's a pass-through entity. The owners get taxed on profits as ordinary personal income.

 

[managing]

The entire point of an S corp is that it pays no income tax. It's a pass-through entity. The owners get taxed on profits as ordinary personal income.

yes, that was supposed to read "not S but C". Unless they elect to be taxed as a "corporation" which LLCs can elect also. But a pretty rare situation.

 

[Amazigh]

Bernie defending socialism? What's new, coming from a guy who praised Fidel Castro I don't see this being out of the ordinary behavior for him.

Can you share the source of this claim? I'm very interested in seeing it. Thx