No Social Security for Millionaires!!!

TromboneAl · 04-01-2008, 09:46 AM

Whoa!

When enacted in 2012, retirees will be required to prove that their investments, excluding their primary residence, have a total value less that $1 million if they want to receive Social Security payments.

HFWR · 04-01-2008, 09:48 AM

4/1...

Bestwifeever · 04-01-2008, 09:50 AM

Damn you Trombone Al!!! Now I have to go change my undies. Good one.

PS--I have already passed it along to my gullible family....

PPS--two out of four of them are believing it.

**Want2retire** · 04-01-2008, 09:55 AM

You got me on that one, too!! I thought it was real.

crazy connie · 04-01-2008, 10:03 AM

Quote:

Originally Posted by TromboneAl

Whoa!

When enacted in 2012, retirees will be required to prove that their investments, excluding their primary residence, have a total value less that $1 million if they want to receive Social Security payments.

I can only pray this is a bad April Fools Day Joke!!! Should this POS pass then we will have a 51% minimum slate of newbies in DC.

OAG · 04-01-2008, 10:11 AM

It is, It is. I was going to order up the MacMansion and start spending all the cash I could find. APRIL FOOL 2012 - may be the best give away. Also it is not a news item it is a jpg file.

rs0460a · 04-01-2008, 10:24 AM

Certainly increased the "pucker factor" this morning (and I snorted my wine through my nose

)....

- Good one

; of course I passed it on to my former "co-workers" with the message "keep wor*ing"

...

- Ron

Bestwifeever · 04-01-2008, 10:25 AM

Response from 28-year-old family member after being told it was April Fools (I hope

):

so it's a joke? .... totally not farfetched - i don't know of anyone my age who is expecting to get social security. though i would've thought hillary or obama would be in office when they pass this...

Other young family member said to forward it to Hillary. Also said "Well done!" when told it was a joke. So kudos Al for making us smile today.

Orchidflower · 04-01-2008, 10:29 AM

And to think when we all thought being a millionaire was impossible...remember that?
Now my biggest fear is just hanging on to it all...gulp...after my recent "bath" in the stock market....gulp.

HFWR · 04-01-2008, 10:35 AM

Quote:

Originally Posted by rs0460a

Certainly increased the "pucker factor" this morning (and I snorted my wine through my nose

)....
- Ron

Wine...

Breakfast of champions!

TickTock · 04-01-2008, 10:40 AM

It will not surprise me at all if something like this does get passed in the next ten years. Once again, the prudent will pay for the imprudent.

bbbamI · 04-01-2008, 10:56 AM

Quote:

Originally Posted by HFWR

Wine...

Breakfast of champions!

What about buddameouk?

HFWR · 04-01-2008, 11:00 AM

Quote:

Originally Posted by bbbamI

What about buddameouk?

Uh, oh, a troublemaker...

kombat · 04-01-2008, 11:01 AM

Cute article. Just believable enough to make a good 4/1 prank.

In all seriousness though, I've often wondered what kind of public backlash there would be if the media ever decided to turn their attention to the financial demographics of those on social security. Part of me believes that most of society assumes that everybody collecting Social Security are low-net worth, average folks, and that surely the tax code excludes millionaires from collecting.

Do people assume that millionaires can't receive Social Security? Would there be outrage if they learned that many recipients in fact have net worths in the millions of dollars?

Moemg · 04-01-2008, 11:07 AM

Thanks Al , I was cursing at the screen and plotting on how to hide my

assets

.

donheff · 04-01-2008, 12:21 PM

The real April fools joke is that anyone clicking on the link downloaded a trojan keyylogger program that will snarf up their banking info.

A854321 · 04-01-2008, 12:26 PM

This is just too close to reality to be funny, Al.

I predict a means test for Medicare by 2012, if not earlier.

GoodSense · 04-01-2008, 12:44 PM

I knew it was a prank when I read "The new ruling has gained widespread support from both parties..." My republican friends would never do that.

**CuppaJoe** · 04-01-2008, 12:46 PM

Got me! T-bone, Al. I was going to enquire if that would be pre-or post tax money.

OAG · 04-01-2008, 12:46 PM

Quote:

Originally Posted by A854321

This is just too close to reality to be funny, Al.

I predict a means test for Medicare by 2012, if not earlier.

There already is one. All that has to be done to increase the pain is tighten or loosen the constraints. It is income based (AGI).

04-01-2008, 09:46 AM	#1
TromboneAl Thinks s/he gets paid by the post Join Date: Jun 2006 Posts: 4,125	No Social Security for Millionaires!!! Whoa! When enacted in 2012, retirees will be required to prove that their investments, excluding their primary residence, have a total value less that $1 million if they want to receive Social Security payments. __________________ - Al -- Always serious, never joking. No, wait. Never serious... Always... I forget.

04-01-2008, 09:48 AM	#2
HFWR Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: May 2005 Location: DFW Posts: 5,414	4/1... __________________ Have Funds, Will Retire Two turntables and a microphone...

04-01-2008, 09:50 AM	#3
Bestwifeever Full time employment: Posting here. Join Date: Sep 2007 Posts: 868	Damn you Trombone Al!!! Now I have to go change my undies. Good one. PS--I have already passed it along to my gullible family.... PPS--two out of four of them are believing it. Last edited by Bestwifeever; 04-01-2008 at 10:02 AM. Reason: add PS

04-01-2008, 09:55 AM	#4
Want2retire Moderator Join Date: Jan 2007 Location: New Orleans Posts: 6,033	You got me on that one, too!! I thought it was real. __________________ Dreaming of retirement.... " - - my greatest skill has been to want but little - - " (Henry David Thoreau, in Walden)

04-01-2008, 10:11 AM	#6
OAG Thinks s/he gets paid by the post Join Date: Jun 2006 Location: Dublin, Ohio Posts: 1,788	It is, It is. I was going to order up the MacMansion and start spending all the cash I could find. APRIL FOOL 2012 - may be the best give away. Also it is not a news item it is a jpg file. __________________ Proud Vietnam Veteran: Cu Chi 66, 1/25th, HHC 25th and Pleiku 66-67 41st Sig Bn 1st STRATCOM Last edited by OAG; 04-01-2008 at 11:55 AM.

04-01-2008, 10:24 AM	#7
rs0460a Full time employment: Posting here. Join Date: Feb 2006 Posts: 987	Certainly increased the "pucker factor" this morning (and I snorted my wine through my nose ).... - Good one ; of course I passed it on to my former "co-workers" with the message "keep wor*ing" ... - Ron

04-01-2008, 10:25 AM	#8
Bestwifeever Full time employment: Posting here. Join Date: Sep 2007 Posts: 868	Response from 28-year-old family member after being told it was April Fools (I hope ): so it's a joke? .... totally not farfetched - i don't know of anyone my age who is expecting to get social security. though i would've thought hillary or obama would be in office when they pass this... Other young family member said to forward it to Hillary. Also said "Well done!" when told it was a joke. So kudos Al for making us smile today. Last edited by Bestwifeever; 04-01-2008 at 10:34 AM.

04-01-2008, 10:29 AM	#9
Orchidflower Thinks s/he gets paid by the post Join Date: Mar 2007 Location: Il-Ia. border Posts: 1,005	And to think when we all thought being a millionaire was impossible...remember that? Now my biggest fear is just hanging on to it all...gulp...after my recent "bath" in the stock market....gulp. __________________ "Our greatest glory is not in never falling, but in rising every time we fall." -- Confucius

04-01-2008, 10:40 AM	#11
TickTock Recycles dryer sheets Join Date: Oct 2007 Posts: 463	It will not surprise me at all if something like this does get passed in the next ten years. Once again, the prudent will pay for the imprudent. __________________ TickTock Rule Of Finance - heavily discount any promises of money/benefits to be paid to you in the future "I've traded love for pennies, sold my soul for less" -Jim Croce, Age

04-01-2008, 11:01 AM	#14
kombat Recycles dryer sheets Join Date: Sep 2007 Posts: 177	Cute article. Just believable enough to make a good 4/1 prank. In all seriousness though, I've often wondered what kind of public backlash there would be if the media ever decided to turn their attention to the financial demographics of those on social security. Part of me believes that most of society assumes that everybody collecting Social Security are low-net worth, average folks, and that surely the tax code excludes millionaires from collecting. Do people assume that millionaires can't receive Social Security? Would there be outrage if they learned that many recipients in fact have net worths in the millions of dollars?

04-01-2008, 11:07 AM	#15
Moemg Thinks s/he gets paid by the post Join Date: Jan 2007 Location: Sarasota,fl. Posts: 3,051	Thanks Al , I was cursing at the screen and plotting on how to hide my assets .

04-01-2008, 12:21 PM	#16
donheff Thinks s/he gets paid by the post Join Date: Feb 2006 Posts: 2,688	The real April fools joke is that anyone clicking on the link downloaded a trojan keyylogger program that will snarf up their banking info. __________________ Every man is, or hopes to be, an Idler. -- Samuel Johnson

04-01-2008, 12:26 PM	#17
A854321 Recycles dryer sheets Join Date: Jan 2007 Posts: 272	This is just too close to reality to be funny, Al. I predict a means test for Medicare by 2012, if not earlier.

04-01-2008, 12:44 PM	#18
GoodSense Recycles dryer sheets Join Date: Jul 2007 Posts: 345	I knew it was a prank when I read "The new ruling has gained widespread support from both parties..." My republican friends would never do that.

04-01-2008, 12:46 PM	#19
CuppaJoe Moderator Join Date: Jun 2007 Location: Where "the Water is Fine" Posts: 1,946	Got me! T-bone, Al. I was going to enquire if that would be pre-or post tax money. __________________ It's not about timing, it's about time.

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search
Display Modes
Linear Mode