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Originally Posted by cdad

I have a question on this. In the U.S. it doesnt really go into an account and it doesnt really belong to you. Lets say as example the retirement age is 65. So to get to the benefits you have put money into you have to first reach that age. If you dont then you get nothing. The money accumulated can not be passed on to your heirs.

Does this "consolidated revenue" that you speak of work in simaler fashion or can it be passed along to your heirs?

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Yes, we used to have a Social Security contribution, the idea no doubt borrowed from you. At some point this was rolled into the general taxation system "consolidated revenue" so Social Security contributions are no longer identifiable. At the same time everyone is entitled to an aged pension at 65, the level of benefit determined by the government and kept to a percentage of average weekly earnings. The reality is, you get much more back than you ever contributed. There is a cutoff on this so the wealthy don't participate. A later development is an employer funded superannuation contribution which is individually identifiable and maintained by a superannuation fund that contribution is 9% and rising

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Originally Posted by paraclete

Yes, we used to have a Social Security contribution, the idea no doubt borrowed from you. at some point this was rolled into the general taxation system "consolidated revenue" so Social Security contributions are no longer identifiable. At the same time everyone is entitled to an aged pension at 65, the level of benefit determined by the government and kept to a percentage of average weekly earnings. There is a cutoff on this so the wealthy don't participate. A later development is an employer funded superannuation contribution which is individually identifiable and maintianed by a superannuation fund that contribution is 9% and rising

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What happens to the money if you were to pass away before reaching 65 years of age ?

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Originally Posted by cdad

What happens to the money if you were to pass away before reaching 65 years of age ?

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It remains in consolidated revenue, for the superannuation scheme it is part of your estate. That scheme originated as a productivity trade off for wages forgone

According to that great philosopher Kanye West, the first billion dollar campaign President is a failure because blacks ain't got no money or connections like Jews do.

Kanye West on Obama's Failures:

Haha, people listen to Kanye West on subjects other than music.

They listen to Ted Cruz about hooking people on sugar, while he has a stash of his own sugar.

Ted Cruz Has a Health Insurance Plan from Goldman Sachs - The Wire

A guy who got his trying to keep everybody else from getting anything?

Don't recall anyone holding the position that they want to deny healthcare for others. Could you point out where Cruz has advocated that position?

That's what repealing Obama Care means. Try and keep up.

yes slow arn't they, but then it goes with backwoods thinking

Hello again, tal:

If you recall, our right wing friends ALWAYS said that Obamacare wasn't needed because EVERYBODY already got first rate treatment. Therefore, they REFUSE to believe that a repeal of Obamacare would hurt anybody..

Irgo, Ted Cruz wasn't denying them care.. He was offering them the wonderful care that they already had.

excon

"We're evaluating why it is exactly that I didn't know soon enough that it wasn't going to work the way it needed to." (the emperor ) Answer...... BS he knew.

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Originally Posted by tomder55

"We're evaluating why it is exactly that I didn't know soon enough that it wasn't going to work the way it needed to." (the emperor ) Answer...... BS he knew.

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It's already been proven he knew but the emperor will never let reality get in the way of a good lie.

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Originally Posted by speechlesstx

It's already been proven he knew but the emperor will never let reality get in the way of a good lie.

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some people are obviously a little slow, and a little slow to react, bureaucracy and all that, noone believes their favoured course of action is going to fail, but everyone knows there will be delays, and snafu is the norm

Sorry to disagree, but this regime believes we're too stupid to notice their sleight of hand.

Hello again,

This is as good a place as any to place EVIDENCE of my aversion to reality...

MERRY CHRISTMAS!

THAT'S how I WAGE my liberal atheistic WAR on Christmas.. Please, don't tell Bill O'Reilly...

excon

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Originally Posted by excon

Hello again,

This is as good a place as any to place EVIDENCE of my aversion to reality...

MERRY CHRISTMAS!

THAT'S how I WAGE my liberal atheistic WAR on Christmas.. Please, don't tell Bill O'Reilly...

excon

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First, a few wackos saying Merry Christmas doesn't mean there is no war on Christmas.

Second, Merry Christmas.

Hello again, Steve:

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First, a few wackos saying Merry Christmas doesn't mean there is no war on Christmas.

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It's true.. This was subterfuge. I was hoping to catch you napping.. Of course, I'm still required to serve a tour of duty in the war on Christmas.

Was there a security leak??

excon

If there is a war on Christmas it seems we're mostly winning.

A judge has said the Detroit bankruptcy may proceed.

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"It is indeed a momentous day," U.S. Bankruptcy Judge Steven Rhodes said at the end of a 90-minute summary of his ruling. "We have here a judicial finding that this once-proud city cannot pay its debts. At the same time, it has an opportunity for a fresh start. I hope that everybody associated with the city will recognize that opportunity."

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I have my doubts.

Quote:

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This is as good a place as any to place EVIDENCE of my aversion to reality...

MERRY CHRISTMAS!

THAT'S how I WAGE my liberal atheistic WAR on Christmas.. Please, don't tell Bill O'Reilly...

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By all means let's continue our war on non-christmas. MERRY CHRISTMAS! just getting in early