Unemployment, WTF?

OnlyOneDR said:
Workers don't pay in. The government forces employers to pay into the pork barrel in hopes that when people draw on it they get tax money even though no one is working. It is self-serving to the government with the guise of looking like an altruistic way to help people. If they really wanted to make it out to help people they wouldn't tax it. Just like 401ks, IRAs, and all these other "programs" to help out the little guys. It is all about generating more tax revenue for them, it has nothing to do with helping the little people. They just hang the carrot out there to keep us running.
Again I appreciate the feedback and patience with my temper in this thread. I was so enraged the other day that I almost could not stand myself.
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Ok, be that as it may, and you are welcome to your opinion.
However, that is all the more reason to take it.

Basically, if the government is going to fuck me all the time, I at least want the occasional hand job.
 
I guess if you have car insurance and you wreck your car you won't make a claim.. Makes perfect since..

I guess if you have health insurance and need surgury you just prefer to pay cash instead of make a claim..

its called Unemployment INSURANCE, no different then any other insurance...
 
they want to give you money so they can tax it. if they already have it, why do they need to give it to you so they can get it back. why wouldnt they just keep it?

you dont make any sense.

this money is a "built in tax" deducted from your paycheck before it is even written in a sense. you have already earned the money, your employer just cant give it to you cause he has to give it the the state.
 
BigRedB2 said:
they want to give you money so they can tax it. if they already have it, why do they need to give it to you so they can get it back. why wouldnt they just keep it?
you dont make any sense.
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LOL, no kidding.

If I wanted to give you $100 so you could pay me $25 and you keep the rest, would you turn it down? And why would I want to give you $100 only to get $25 back? I still lose $75.:shaking:
 
BigRedB2 said:
t
this money is a "built in tax" deducted from your paycheck before it is even written in a sense. you have already earned the money, your employer just cant give it to you cause he has to give it the the state.
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exactly so when you can get it, get it.

look I have never filed unemployment and never received a dime of charity since free lunch in high school....Im as proud a mf'er as they come but I feel you are being a bit silly here quite honestly.

Nothing personal, I still like ya, I just disagree with this point.

BTW me thinks you need to do some research on 401k and IRAs...there is no way the government wins in either if you use your head.

they were both designed as ramp vehicles to ease the social security system out of existence...
 
i think there was talk of IRA/401K "redistribution" to help cover the baby boomers retiring.
 
SkyHiK5 said:
exactly so when you can get it, get it.
look I have never filed unemployment and never received a dime of charity since free lunch in high school....Im as proud a mf'er as they come but I feel you are being a bit silly here quite honestly.
Nothing personal, I still like ya, I just disagree with this point.
BTW me thinks you need to do some research on 401k and IRAs...there is no way the government wins in either if you use your head.
they were both designed as ramp vehicles to ease the social security system out of existence...
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Ding ding ding

My IRA is set up as a ROTH account which basic translation is I pay taxes on the money now at current tax percentages and not at future.

Benefits are this
1) I am paying taxes on less money now then what my IRA will grow to.
2) Tax percentages only go up so I am paying less of a percentage then I will in the future.

Basically long story short, I could pay $50k in to my IRA over 30 years paying an average of about 25% in taxes or I could use it as a tax deduction now and pay a larger % when I withdraw a million (+/-) when I retire.

Basically the government could take 20x as much from me if they didn't give me the option.

BigRedB2 said:
i think there was talk of IRA/401K "redistribution" to help cover the baby boomers retiring.
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Yes there was, but it won't happen.
Gains may not be as high in the future, but they won't take or redistribute the money.

Your IRA and 401k are stocks and follow the stock market.
Basically, they are mutual funds with tax benefits.

Social security might vanish in the years to come, however, they won't start screwing with the money you invested in that way.

One thing people have to learn about the government as they throw out the worse case scenario to you. They get all pissed off and fighting for the wrong thing so you don't notice when they slip something past you.

Example, bail outs.
Everyone got riled up about the $160+ million dollars the CEO's of the banks took in bonuses. While we were all crying about that, we didn't even notice the $120+ BILLION that was given to the banks of which over 60% went to foreign banks that 0% to do with this country.

See how that works?

The government is full of magicians.
Slight of hand, get us distracted on one thing, and we will never notice trick.
 
BigRedB2 said:
i think there was talk of IRA/401K "redistribution" to help cover the baby boomers retiring.
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again...do you understand IRAs and 401ks?

I have a 6 figure IRA.
It is in my little local credit union in York, SC.
How are they going to redistribute my money?

What am I missing?

Autobot...its late and as such my logic is drowning...but the Roth/Traditional argument isnt as easy as most make it seem

Both have merits....

the basic argument (Sam or one of the finance guys help em, or hell tell m I am wrong) with a traditional you put more away today so you have more to grow interest, with a roth less gets taxed in the future


basically if you ROI is better than your tax rate a traditional is better if not Roth is better
 
SkyHiK5 said:
Autobot...its late and as such my logic is drowning...but the Roth/Traditional argument isnt as easy as most make it seem
Both have merits....
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I know, and like I said it was simplified

I do not know all the ins and outs of both but you are right, they both have merits.

However, there is much more to it then I care to understand and that most people are capable to understand.
And certainly a hell of a lot more then I will ever type in any post and more then anyone cares to read. LOL
 
Actually if I were the employer, I'd be kinda pissed you weren't taking it.
B/c that means the money I (not you) have been paying out was for NOTHING, now all that $$ coming out of MY pocket is GUARANTEED to be spent/wasted on somebody/something else other than what it is intended for (you, my hard working and cherished employee, receiving it).

You are wasting your employer's money by not taking what they have already paid for.

imagine you go to somebody's house to dinner, and bring a desert, something you sent soem time preparing. This is a common courtesy as we all know.
when you show up, they say, No thanks, we already have desert. Instead I'll just feed this to the dog.
wouldn't that be a little insulting?

If it bothers you so much, take that $$ and give it to deserving charity or a friend who needs it. then at least you know it is being put to good use.
 
No kidding... I'm unemployed and have been since Feb. I'll gladly take the hand out... psst. I was just over picking up some dry cleaning and standing on the corner was a person that was asking for help, had a cardboard sign up. Now, normally I'm not one to give and give and give... especially to those that really aren't in need, but ruin it for those that are.

Well this fellow looked like he needed it. He wasn't even looking at the cars, looked very embarrassed to be out there asking. He had a sign that said: Laid off, two kids, need work and anything will help, please.

I gave the guy $20

I'm unemployed as I said.
 
SkyHiK5 said:
again...do you understand IRAs and 401ks?
I have a 6 figure IRA.
It is in my little local credit union in York, SC.
How are they going to redistribute my money?
What am I missing?
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What's your point?

Without getting too political, the current administration who have suggested that plan doesnt care whose money it is or where you have it. They think if you have the means to give money it's their job to see to it that it gets to those who dont.

Will it ever get anywhere, probably not but the point is, the topic was brought up. its something they condisered. And no matter how brief the conversationw as, im a little disturbed that it even happend.
 
BigRedB2 said:
What's your point?
Without getting too political, the current administration who have suggested that plan doesnt care whose money it is or where you have it. They think if you have the means to give money it's their job to see to it that it gets to those who dont.
Will it ever get anywhere, probably not but the point is, the topic was brought up. its something they condisered. And no matter how brief the conversationw as, im a little disturbed that it even happend.
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I'm sorry...Im trying to understand.
Are you concerned about them taking your checking account and re distributing it?

Man I may be dead wrong but i get thee impression you have ZERO clue what an IRA is...its not some pension plan where some one else holds it. It is simply a tax classification for your money. Hell if they dissolved the IRA I would be cool then I could access my funds now instead of waiting...how exactly would they redistribute IRAs and 401ks?

it just doesnt make any sesne
 
Blaze said:
I am literally laughing my ass off at this thread. :lol:
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So am I, at the thought that someone raised earlier that if the government did not force employers to pay into unemployment that they would gladly give the employees the money instead. Yeah right.

I'm happy I could waste all y'alls time with this. My bad. I'll just go bad to hating the government by myself I guess.
 
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