No taxing any retirement...



No taxing any retirement under $3,000/ month.


The average social security check is well below the poverty level. To pay taxes on what little people get from social security, it makes it even harder to live. The poverty level is about $2,000.00 a month. Most people that are retired get a lot less than $2,000.00 a month. The government have been collecting interest and they have been paying taxes on their retirement fund for 20 years.  The government made their money off of the retirement money already.

We need an age limit for full benefits to be dropped to the age of 62 which would help replenish the depleted funds. There are a lot of politicians that feel that if you are on Social Security (SS), it is the same as being on welfare, which is totally wrong. The politicians that know this and state that fact should be impeached because they are twisting words around for their benefits and not the benefit of the SS recipients. The social security recipients have paid for social security all of their lives. Slowly but for sure believing that they would have some kind of income in their Golden Years.


Refurbishing Social Security


Social Security is a good plan for the people because it gives them financial aid when their too old to work. It is dying out and our next generation will be very lucky to have social security when they get old. This is due to the money being put in to the national general fund and the elite politicians seeing it as welfare, which it is not.

I feel the solution to this is all jobs within the nation that are paying taxes should also pay into social security automatically.  This way all of the people, who work so hard in their life will have some kind of income when they retire. And with all of the companies paying into social security, the funds will be refurbished.


Lack of Government Regulation


The great depression was caused by no governmental regulation. The companies became greedy, which helped create the great depression. That is like the Lehman Brothers Corporation and other corporations knowing that if they gave loans to people whom were at risk to make payments on their property. This would aid in the downfall of the stock market and housing production. These people knew their history and they knew what would happen in 2008. They knew they could make money off of the people and resale the titles to overseas investors.

Once the stock market failed and everything started going to hell, they knew with the help of the lobbyist that they could get bailed out by the government whose money is actually the people of our great nation. During this time, they were making great profits off of the transactions that they did.

For example, The State of Alabama has one insurance company for the whole state. The people of that state do not have a choice to buy cheaper insurance because of no competition in the insurance field.

Website References

The New York Times
Lehman Brothers Holdings Inc. News
http://topics.nytimes.com/top/news/business/companies/ lehman_brothers_holdings_inc/index.html

Clark, Andrew. (2009)
How the collapse of Lehman Brothers pushed capitalism to the brink
The Wall Street titan's bankruptcy triggered a system-wide crisis of confidence in banks across the globe
Guardian.co.uk
http://www.guardian.co.uk/business/2009/sep/04/lehman-brothers-aftershocks-28-days

Duncan, Gary. (2008).
Lehman Brothers Collapse sends Shockwave round World
Times Online - Business
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4761892.ece
Sept. 16, 2008 - Times Online

Warner, Jeremy. (2009).
How the collapse of Lehman Brothers Averted a Second Depression
It's about time the self-serving myth about Lehman Brothers was exploded
http://www.telegraph.co.uk/finance/comment/jeremy-warner/6175067/ How-the-collapse-of-Lehman-Brothers-averted-a-second-depression.html