July 6, 2025 • 16 mins
Boots and Lad Dilgard discuss situations occurring in the government.
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Episode Transcript
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Speaker 1 (00:04):
No rivia today, like I said earlier, but we will
do it last week Whenmandy's bath. I just had a
buddy sent me a text, and I don't really understand
what he's saying. Let me try to read this to you.
Hearing about six thousand dollars tax break for Social Security people,
But what about people like me, disabled, unemployed, not eligible
(00:24):
for Social Security ever? Because paying into PERS all my life?
Where's my help? Where's my break on taxes? What should
he do that makes sense?
Speaker 2 (00:34):
I assume he's getting a payment from PERS from public
employees' retirement system. So what is I wonder what he wants?
Speaker 1 (00:40):
Yeah, shoot me back some more, because six thousand tax
bikes for so Security people, Why wouldn't he get so
Security even though he's on disability?
Speaker 2 (00:47):
Well, if you pay into a public employees retirement then
you're not eligible for Social Security most of the time,
unless you had a private sector job before you took
your second job.
Speaker 1 (01:01):
No, he did. I think he worked for the state
his whole life. He was a plow truck driver. Huh, Okay,
we'll hope the hell. We'll try to help you. Give
me some more details. But is there any break for
him at.
Speaker 2 (01:11):
All, and I only read that it was social security.
Speaker 1 (01:14):
Okay, six thousand dollars break on so security. What's that
mean for people?
Speaker 2 (01:18):
It's a six thousand dollars credit. Let me let me
look that up.
Speaker 1 (01:25):
So, but see when the government does stupid stuff like
cash for clunkers and then seven thousand dollars rebate on
them some electric cars. I mean, they do so much
stupid stuff. And I have a feeling like I've been
in court with a lot of attorneys in my life,
with lemon law cases and car crishes and what have you,
and these attorneys are going at it like they hate
(01:45):
each other, and then we go to lunch and their BFFs,
and I'm like, well, you guys get along in years.
I laugh about it now. But attorneys have two different
hats they wear, So I wonder about politicians. They sit
in a bicker at each other and you know, in
this fancy, big white house type building, and then they
leave and have a martini together. That's what bothers me.
I think what bothers me is when someone gets elected
(02:07):
and becomes a swamper. They become a swamper and everything
they promised us once they get in there, they turn
into the rest of the mix becauset the end of
the day, they're getting paid a lot of money, they
get the best medical benefits, they hardy work all year,
and they sit around run their mouth every once in
a while and say they're gonna make best stuff better,
and doesn't seem like anything anything better. That's what bothers
me about politicians both parties.
Speaker 2 (02:26):
What I read here is that the bill says that
it has a six thousand dollars deduction per person, twelve
thousand dollars for married couples for seniors sixty five and older,
and it's available to single fire single filers with a
modified just to gross income up to seventy five thousand,
and married couples over one hundred and fifty or under
(02:49):
one hundred and fifty thousand.
Speaker 1 (02:50):
Wow, that means some happy people.
Speaker 2 (02:53):
So it's good that they're not giving wealthy Social Security
recipients the same tax break. Know what that does with PERS,
But with PERS, I assume your friend is getting a
higher retirement paycheck of.
Speaker 1 (03:07):
It, then what he was so security than he would.
Speaker 2 (03:08):
With Social Security. So it's wrong about that.
Speaker 1 (03:11):
So yeah, I mean, so you're telling me, don't break
us down the booty terms. They they owe eight hundred
bucks at the end of the year income tax and
they get a six thousand dollars credit. Is that going
to be They'll net They'll pay the eight hundred and
I'll still get fifty two hundred dollars tax return.
Speaker 2 (03:28):
I think it works as a tax deduction like it
would with you and I of car taxes.
Speaker 1 (03:33):
So thirty percent or thirty percent they would get.
Speaker 2 (03:35):
So if your total income was fifty thousand taxable income,
then it goes down to forty four.
Speaker 1 (03:41):
Oh that way, so basically thirty So if you heard
thirty percent bracket eight grand a thirty percent, which would
be twenty four hundred dollars basically something like that. Okay, yeah,
that kind of kind of round it off. But I
wonder it's because it does get confusing. And when will
it all kick in?
Speaker 2 (03:56):
I think there's varying, you know, kick INDs with a
beautiful bill, but I think it is kicking in right now.
Speaker 1 (04:03):
So when will the little waiter waitress not have to
worry about getting taxes? When's that going to happen for them?
Speaker 2 (04:09):
I think it's twenty twenty five. I think I think
that's when the big beautiful bill.
Speaker 1 (04:13):
I've always been understanding even though it passed, it still
takes six months for it to kick in. So you're
telling me, like Monday, what's that mean? So Sally Sue
makes two bucks an hour or whatever they put it at,
and then her that day she took in say one
hundred dollars and tips. Well, if she turns them in
through the visa card or however the customer pays, do
(04:34):
they give her one hundred dollars or do they take
a percentage that still or that's just a straight here's
your tax, here's your tip. Move on.
Speaker 2 (04:40):
It says it takes effect in the twenty twenty five
tax years starting January first, twenty twenty five, so I
thure it would be retroactive. Okay, So when you get
your W nine next year or W two next year,
then you know you're gonna you're going to owe less
if you're a tipped employee.
Speaker 1 (04:55):
So anybody gets tips, please call in explain what happens,
because sometimes I try to leave cash tips so they
don't have to turn it in. Yeah, I always try
to do cash tip.
Speaker 2 (05:04):
Yep, me too.
Speaker 1 (05:05):
But if someone someone tips you, so so say you
go to roosters, and it's thirty bucks, and a good
tipper is going to give you the extra six bucks.
It should be, you know, times two. I always say
at least so I, depending how good the lady was,
I usually make it round up to forty bucks. So
let's just say she netted a ten dollars tip. What
happens then? Does she get it? I say, up on
(05:28):
my credit card. There's a ten dollars tip on that
credit card. Does the drawer give her ten bucks back cash?
Or do they take up percentage of that? Now before
he passed this law.
Speaker 2 (05:37):
It depends on the established established. But with my daughter,
she works at a coffee shop when she's at college.
It comes on her paycheck, you know, so.
Speaker 1 (05:45):
It's that's not good.
Speaker 2 (05:46):
Well, if it's if it's in the credit card system,
it goes into their point of sale system and then
it would get paid out as their So she would.
Speaker 1 (05:54):
Have a paycheck thirty hours times x, and then she
would have tips this week, tipping correct and then they
put it down and take all a fight of fun
and all that stuff, and then it in nets. So
now you're saying her situation if she would have three
hundred dollars and tips that week that just set raw
three hundred goes to the balance and no longer gets
ten to.
Speaker 2 (06:14):
Three hundred dollars of tipped income is removed from her taxabort.
Speaker 1 (06:17):
Wow, on the right now, So she just picked up
that week, If she made three hundred dollars in tips,
and she's at a thirty percent brack, it would say
twenty five percent break. She just saved seventy five dollars.
That's right.
Speaker 2 (06:29):
Tip tipped income employees right now, they're gonna their paychecks
are going to get bigger, awesome. That's and OT employees.
It says there's six million tipped workers expected to benefit,
claiming an average tax savings of fifteen hundred dollars per
per worker annually.
Speaker 1 (06:45):
I can guarantee you one thing, the will vote Republican
next election. That's why. Oh the devil gout's going to
hate that.
Speaker 2 (06:51):
They got to get that word out though, to all
those tipped employees and all those OT employees.
Speaker 1 (06:56):
All believe me, when jd Vance runs for president, whoever does,
they'll be like, hey, look at your tips, Look look
what we did. Look at the gas prices, look everything
we did. I don't understand if a team beats so,
say Michigan beats a High State and they go in
to national championship, I still want Michigan to win. My
high State friends hate that. Even if I was a
(07:16):
say I was a huge liberal Democrat, I still want
things to get better. It may not be my beliefs,
but at the end of the day, I'd be like, yeah,
I screwed up. I should have thought that Trump would,
you know, if I was a liberal. But they don't
want it. They don't want it.
Speaker 2 (07:32):
I think there the left is so hateful of Trump personally,
and they are also so ingrained with the DEI kind
of you know, woke stuff, transgender this and that that
there is nothing that Trump could do to make the
Democrats happy. And my last video at the Stand and
(07:55):
Speak show was why aren't Democrats getting some heat for
opposing a lot of the good things that were in
the big beautiful bill. Why the Democrats are opposing no
taxes on overtime and no taxes on texts and a
lot of other things.
Speaker 1 (08:08):
Go to break more fun. You can call in if
you want to say something two one nine eighty six
six one forty two one nine eighty six that's a
magic number. This is raw Indian boots always ptected by
the end. If he'd America Meet Tattletale from the heartle
Mack Studios on news radio six ten WT to the
bottom of some texts. I love texts and social media
and all that fun stuff, so kind of find out
and I'm trying to get more information. Wrong, buddy, But
(08:29):
according to all the info that you shared with me
and other friends of text in, another buddy of mine
text in and he explained to me his mom's on
perse a pers It's the personal thing. I guess when
you work for the state or something, you don't pay
Social Security. You pay into the retirement.
Speaker 2 (08:46):
Either public Employees Retirement System or state teachers Retirement system.
Speaker 1 (08:49):
So you don't pay you you don't get any Social
Security correct. Okay, So if you were in the PRS system,
you are getting paid more than what the average person
is on Social Security.
Speaker 2 (08:59):
I believe that's true.
Speaker 1 (09:00):
Okay, because my mom's so security was horrible, and when
my dad died, she did get his pension from the
steel mill, but it was three hundred dollars.
Speaker 2 (09:07):
Well, no, they're going to say it depends on how
long you worked for the public entity. So what depends
on your payment depends on how long you worked there,
how much money you earned while you're working for the state.
But mostly public pensions outperform Social Security.
Speaker 1 (09:25):
Do you remember? So back in my record days, I
was very well paid. I was very fortunate. But the
nine to eleven happens, I lost my ass. But I
made a lot of money running. I was one of
the upper management. It's the largest Ford dealer in the world.
We really were. We were selling sixteen hundred Fords a
month plus plus plus, and I remember once I made
seventy five thousand. I believe I didn't pay in Social
(09:45):
Security anymore back in those days, but they've changed that too.
I know you're not taxman, but I know if you
ever skimmed over that. But it bothers me now because
when I go on SO Security when I'm sixty, whatever
is it. I wish I had kept paying over seventy five.
It wouldn't have mattered. It wouldn't made a big difference.
Speaker 2 (10:05):
Yeah, you're gonna have your payment if you've tapped out
your if you've maxed out your solid Security contributions, which
you I'm sure did a long time ago. Then you're
gonna get X payment from solid security period. Now you
if you worked fewer years and didn't quite hit the maximum,
then you would get less, but you maxed out, so
you're gonna get the sole security payment whatever.
Speaker 1 (10:27):
That Okay, So let me tell you this. Do you
think it's fair that a multi millionaire gets his Social Security? No?
Speaker 2 (10:34):
I don't. I've always been a big proponent of means
testing SOLI security and not giving it to rich people.
That's my take.
Speaker 1 (10:42):
On because I know a handful of very wealthy some family,
some friends that laugh when they get their eleven hundred
dollars a month or whatever, and I'm like, I can't
believe you take that which I paid into it. I
can understand the argument, but if you don't take it,
then our government will give it away someone. And it's late.
Speaker 2 (10:59):
When they say they paid into it, they act like
that's a pension or an investment fund, but it's not.
It's a transfer payment from today's workers to yesterday's retirees.
And it's like, like the Elan has said, it is
kind of a Ponzi scheme. It depends on it being
a lot more workers per retiree because baby boomers are
(11:21):
five times as many.
Speaker 1 (11:22):
Most families have two kids now, right, So if those
two kids are paying in Social Security, but you got
five baby boomers on the average sucking it out, that's
why it's going to go bankrupt. There, right, says Back.
Speaker 2 (11:31):
When solid Security was first form in nineteen thirty three
or whatever, there was ten workers per retiree.
Speaker 1 (11:37):
Oh.
Speaker 2 (11:37):
Now there's like three or two point eight or something
like that.
Speaker 1 (11:40):
But the ten workers are retired now ten workers are dead.
Speaker 2 (11:44):
Yeah, right, okay, but no they the Solid Security Fund
is going to run out in twenty thirty three.
Speaker 1 (11:51):
I'll be dead too, and and you.
Speaker 2 (11:54):
Know there's going to be a sharp reduction in payouts
unless government fixed the like they did in the eighties.
But no one wants to touch Social Security because you know,
they tell you you're killing grandma and what and social
Security in stuff.
Speaker 1 (12:09):
Oh boy, let's go to uh, let's go to Andrew.
He's going to already talk to Dance. Go to Andrew.
What you got, Andrew?
Speaker 3 (12:17):
Hey, question about Social Security. I've been working since gosh,
nineteen ninety four, I don't know how many years that is.
Now my thinking is, after all these years, and I'm
in my fifties, and I'm not quite ready to retire yet.
Do you think that there will ever be a point
in time where we would be allowed to opt out
(12:37):
of pain for Social Security? Because for my future, I
just don't see it happening. And I'm thinking I'm looking
back saying, hey, you know, you know some people I'm
conservative financially conservative, and some people go out and blood.
But wouldn't it be better if we could opt out
of Social security and do and make investments, and investments
(12:58):
are unpredictable, would be just better?
Speaker 2 (13:01):
Privatizing social security is a is a beautiful idea of
The last serious person that talked about that was George W.
Bush in two thousand and five, and they they brought
up the having private accounts that were in addition to
solid security, so you could divert part of your funds
into solid security trust funds or into private investment funds.
(13:23):
And he got this stress in the shoes thrown at,
you know, because people are gonna you know, they're gonna
blow their retirement, they're gonna whatever, you know, a million
different things.
Speaker 3 (13:33):
You know they will.
Speaker 1 (13:35):
But oh yeah, believe me, that's that's why people buy
stupid cars.
Speaker 2 (13:39):
If you took all your solid security taxes and invested
them in private funds. You would get a much bigger
payhouse from Social Security.
Speaker 1 (13:46):
What if you made then you got to wear And
unless you have somebody that you know, like Joe from
Peak Retirement, does your money right, then you got that guy.
You got there so many LIFs like going down at
dirty Alley with one hundred dollars bills in your pocket.
You don'tonder who's gonna whether it's family, friends. And you know,
in the car business, the people we made the most
money on on a car were the nicest people to
(14:08):
deal with. I know that sounds terrible, but the minute
you sold Aunt Martha a car, Aunt Martha wore you out.
You made no money on her. She's your biggest pain
in the butt when you try to help people. I
think that's why old men are grumpy, because everybody I
try to help out. I mean, there's a situation I'm
in right now, I was on the phone earlier. I'm
(14:28):
trying to help people out something I had nothing to
do with. But yet they wear you out. And it's
just like, you know, you don't know when at what
point in your life you become the grumpy old guy
and I fight it, and I fight it. I fight it.
You know, the guy with the dollar bill at the
corner at the top of the traffic lights. I can't
stand that. When it gets the baggers out there.
Speaker 2 (14:47):
Oh, don't get me started. It gets me going organized crime.
Speaker 1 (14:51):
I gave a guy five dollars one time because he
was under the sign again the sign it says pedaling,
had the number and everything it's illegal in Columbus. He
had a real cute little dog and I pulled up
to him. I said, here's five bucks, and as long
as I get your picture, pointing to the signs, I
took the picture. He pointed sign and gave me thumbs up,
and I said, make sure you buy your dog get
some treats, because two homeless things a dog, and I
(15:12):
like the dog better than him.
Speaker 2 (15:13):
I tried to get a picture one time. It was
around Polari Small. There was a guy there who's dressed
better than you and I are today, and he had
a sign out I need a job, And there was
literally within camera shot there was four signs on four
different businesses saying help wanted, you know, like a restaurant,
a gas station and stuff. I tried to get a
(15:33):
picture of that, I just couldn't do it.
Speaker 1 (15:35):
Couldn't get the focus in another good another one I
saw down on a campus years ago. The guy a
tall gentleman. I forget it, real tall guy. He had
a sign that's read I don't I'm not homeless, but
I need money for weed. He's honest, and I was like,
you know what, that's that's that works, that's fine. And
everybody was giving him the dollar usual college kids they
(15:56):
ever get. He probably walked away with one hundred dollars
that night and one dollar bills. But henya, we're gonna
get break. We have one more segment left. We'll get
with you. Tim the same Tim or not, I don't know,
So we'll get you when we get back. This raw
Midian boots always protected by the end off heated American
Metalit tale from the heartlet Mack Studios on news radio
six ten WTV
No rivia today, like I said earlier, but we will
do it last week Whenmandy's bath. I just had a
buddy sent me a text, and I don't really understand
what he's saying. Let me try to read this to you.
Hearing about six thousand dollars tax break for Social Security people,
But what about people like me, disabled, unemployed, not eligible
(00:24):
for Social Security ever? Because paying into PERS all my life?
Where's my help? Where's my break on taxes? What should
he do that makes sense?
Speaker 2 (00:34):
I assume he's getting a payment from PERS from public
employees' retirement system. So what is I wonder what he wants?
Speaker 1 (00:40):
Yeah, shoot me back some more, because six thousand tax
bikes for so Security people, Why wouldn't he get so
Security even though he's on disability?
Speaker 2 (00:47):
Well, if you pay into a public employees retirement then
you're not eligible for Social Security most of the time,
unless you had a private sector job before you took
your second job.
Speaker 1 (01:01):
No, he did. I think he worked for the state
his whole life. He was a plow truck driver. Huh, Okay,
we'll hope the hell. We'll try to help you. Give
me some more details. But is there any break for
him at.
Speaker 2 (01:11):
All, and I only read that it was social security.
Speaker 1 (01:14):
Okay, six thousand dollars break on so security. What's that
mean for people?
Speaker 2 (01:18):
It's a six thousand dollars credit. Let me let me
look that up.
Speaker 1 (01:25):
So, but see when the government does stupid stuff like
cash for clunkers and then seven thousand dollars rebate on
them some electric cars. I mean, they do so much
stupid stuff. And I have a feeling like I've been
in court with a lot of attorneys in my life,
with lemon law cases and car crishes and what have you,
and these attorneys are going at it like they hate
(01:45):
each other, and then we go to lunch and their BFFs,
and I'm like, well, you guys get along in years.
I laugh about it now. But attorneys have two different
hats they wear, So I wonder about politicians. They sit
in a bicker at each other and you know, in
this fancy, big white house type building, and then they
leave and have a martini together. That's what bothers me.
I think what bothers me is when someone gets elected
(02:07):
and becomes a swamper. They become a swamper and everything
they promised us once they get in there, they turn
into the rest of the mix becauset the end of
the day, they're getting paid a lot of money, they
get the best medical benefits, they hardy work all year,
and they sit around run their mouth every once in
a while and say they're gonna make best stuff better,
and doesn't seem like anything anything better. That's what bothers
me about politicians both parties.
Speaker 2 (02:26):
What I read here is that the bill says that
it has a six thousand dollars deduction per person, twelve
thousand dollars for married couples for seniors sixty five and older,
and it's available to single fire single filers with a
modified just to gross income up to seventy five thousand,
and married couples over one hundred and fifty or under
(02:49):
one hundred and fifty thousand.
Speaker 1 (02:50):
Wow, that means some happy people.
Speaker 2 (02:53):
So it's good that they're not giving wealthy Social Security
recipients the same tax break. Know what that does with PERS,
But with PERS, I assume your friend is getting a
higher retirement paycheck of.
Speaker 1 (03:07):
It, then what he was so security than he would.
Speaker 2 (03:08):
With Social Security. So it's wrong about that.
Speaker 1 (03:11):
So yeah, I mean, so you're telling me, don't break
us down the booty terms. They they owe eight hundred
bucks at the end of the year income tax and
they get a six thousand dollars credit. Is that going
to be They'll net They'll pay the eight hundred and
I'll still get fifty two hundred dollars tax return.
Speaker 2 (03:28):
I think it works as a tax deduction like it
would with you and I of car taxes.
Speaker 1 (03:33):
So thirty percent or thirty percent they would get.
Speaker 2 (03:35):
So if your total income was fifty thousand taxable income,
then it goes down to forty four.
Speaker 1 (03:41):
Oh that way, so basically thirty So if you heard
thirty percent bracket eight grand a thirty percent, which would
be twenty four hundred dollars basically something like that. Okay, yeah,
that kind of kind of round it off. But I
wonder it's because it does get confusing. And when will
it all kick in?
Speaker 2 (03:56):
I think there's varying, you know, kick INDs with a
beautiful bill, but I think it is kicking in right now.
Speaker 1 (04:03):
So when will the little waiter waitress not have to
worry about getting taxes? When's that going to happen for them?
Speaker 2 (04:09):
I think it's twenty twenty five. I think I think
that's when the big beautiful bill.
Speaker 1 (04:13):
I've always been understanding even though it passed, it still
takes six months for it to kick in. So you're
telling me, like Monday, what's that mean? So Sally Sue
makes two bucks an hour or whatever they put it at,
and then her that day she took in say one
hundred dollars and tips. Well, if she turns them in
through the visa card or however the customer pays, do
(04:34):
they give her one hundred dollars or do they take
a percentage that still or that's just a straight here's
your tax, here's your tip. Move on.
Speaker 2 (04:40):
It says it takes effect in the twenty twenty five
tax years starting January first, twenty twenty five, so I
thure it would be retroactive. Okay, So when you get
your W nine next year or W two next year,
then you know you're gonna you're going to owe less
if you're a tipped employee.
Speaker 1 (04:55):
So anybody gets tips, please call in explain what happens,
because sometimes I try to leave cash tips so they
don't have to turn it in. Yeah, I always try
to do cash tip.
Speaker 2 (05:04):
Yep, me too.
Speaker 1 (05:05):
But if someone someone tips you, so so say you
go to roosters, and it's thirty bucks, and a good
tipper is going to give you the extra six bucks.
It should be, you know, times two. I always say
at least so I, depending how good the lady was,
I usually make it round up to forty bucks. So
let's just say she netted a ten dollars tip. What
happens then? Does she get it? I say, up on
(05:28):
my credit card. There's a ten dollars tip on that
credit card. Does the drawer give her ten bucks back cash?
Or do they take up percentage of that? Now before
he passed this law.
Speaker 2 (05:37):
It depends on the established established. But with my daughter,
she works at a coffee shop when she's at college.
It comes on her paycheck, you know, so.
Speaker 1 (05:45):
It's that's not good.
Speaker 2 (05:46):
Well, if it's if it's in the credit card system,
it goes into their point of sale system and then
it would get paid out as their So she would.
Speaker 1 (05:54):
Have a paycheck thirty hours times x, and then she
would have tips this week, tipping correct and then they
put it down and take all a fight of fun
and all that stuff, and then it in nets. So
now you're saying her situation if she would have three
hundred dollars and tips that week that just set raw
three hundred goes to the balance and no longer gets
ten to.
Speaker 2 (06:14):
Three hundred dollars of tipped income is removed from her taxabort.
Speaker 1 (06:17):
Wow, on the right now, So she just picked up
that week, If she made three hundred dollars in tips,
and she's at a thirty percent brack, it would say
twenty five percent break. She just saved seventy five dollars.
That's right.
Speaker 2 (06:29):
Tip tipped income employees right now, they're gonna their paychecks
are going to get bigger, awesome. That's and OT employees.
It says there's six million tipped workers expected to benefit,
claiming an average tax savings of fifteen hundred dollars per
per worker annually.
Speaker 1 (06:45):
I can guarantee you one thing, the will vote Republican
next election. That's why. Oh the devil gout's going to
hate that.
Speaker 2 (06:51):
They got to get that word out though, to all
those tipped employees and all those OT employees.
Speaker 1 (06:56):
All believe me, when jd Vance runs for president, whoever does,
they'll be like, hey, look at your tips, Look look
what we did. Look at the gas prices, look everything
we did. I don't understand if a team beats so,
say Michigan beats a High State and they go in
to national championship, I still want Michigan to win. My
high State friends hate that. Even if I was a
(07:16):
say I was a huge liberal Democrat, I still want
things to get better. It may not be my beliefs,
but at the end of the day, I'd be like, yeah,
I screwed up. I should have thought that Trump would,
you know, if I was a liberal. But they don't
want it. They don't want it.
Speaker 2 (07:32):
I think there the left is so hateful of Trump personally,
and they are also so ingrained with the DEI kind
of you know, woke stuff, transgender this and that that
there is nothing that Trump could do to make the
Democrats happy. And my last video at the Stand and
(07:55):
Speak show was why aren't Democrats getting some heat for
opposing a lot of the good things that were in
the big beautiful bill. Why the Democrats are opposing no
taxes on overtime and no taxes on texts and a
lot of other things.
Speaker 1 (08:08):
Go to break more fun. You can call in if
you want to say something two one nine eighty six
six one forty two one nine eighty six that's a
magic number. This is raw Indian boots always ptected by
the end. If he'd America Meet Tattletale from the heartle
Mack Studios on news radio six ten WT to the
bottom of some texts. I love texts and social media
and all that fun stuff, so kind of find out
and I'm trying to get more information. Wrong, buddy, But
(08:29):
according to all the info that you shared with me
and other friends of text in, another buddy of mine
text in and he explained to me his mom's on
perse a pers It's the personal thing. I guess when
you work for the state or something, you don't pay
Social Security. You pay into the retirement.
Speaker 2 (08:46):
Either public Employees Retirement System or state teachers Retirement system.
Speaker 1 (08:49):
So you don't pay you you don't get any Social
Security correct. Okay, So if you were in the PRS system,
you are getting paid more than what the average person
is on Social Security.
Speaker 2 (08:59):
I believe that's true.
Speaker 1 (09:00):
Okay, because my mom's so security was horrible, and when
my dad died, she did get his pension from the
steel mill, but it was three hundred dollars.
Speaker 2 (09:07):
Well, no, they're going to say it depends on how
long you worked for the public entity. So what depends
on your payment depends on how long you worked there,
how much money you earned while you're working for the state.
But mostly public pensions outperform Social Security.
Speaker 1 (09:25):
Do you remember? So back in my record days, I
was very well paid. I was very fortunate. But the
nine to eleven happens, I lost my ass. But I
made a lot of money running. I was one of
the upper management. It's the largest Ford dealer in the world.
We really were. We were selling sixteen hundred Fords a
month plus plus plus, and I remember once I made
seventy five thousand. I believe I didn't pay in Social
(09:45):
Security anymore back in those days, but they've changed that too.
I know you're not taxman, but I know if you
ever skimmed over that. But it bothers me now because
when I go on SO Security when I'm sixty, whatever
is it. I wish I had kept paying over seventy five.
It wouldn't have mattered. It wouldn't made a big difference.
Speaker 2 (10:05):
Yeah, you're gonna have your payment if you've tapped out
your if you've maxed out your solid Security contributions, which
you I'm sure did a long time ago. Then you're
gonna get X payment from solid security period. Now you
if you worked fewer years and didn't quite hit the maximum,
then you would get less, but you maxed out, so
you're gonna get the sole security payment whatever.
Speaker 1 (10:27):
That Okay, So let me tell you this. Do you
think it's fair that a multi millionaire gets his Social Security? No?
Speaker 2 (10:34):
I don't. I've always been a big proponent of means
testing SOLI security and not giving it to rich people.
That's my take.
Speaker 1 (10:42):
On because I know a handful of very wealthy some family,
some friends that laugh when they get their eleven hundred
dollars a month or whatever, and I'm like, I can't
believe you take that which I paid into it. I
can understand the argument, but if you don't take it,
then our government will give it away someone. And it's late.
Speaker 2 (10:59):
When they say they paid into it, they act like
that's a pension or an investment fund, but it's not.
It's a transfer payment from today's workers to yesterday's retirees.
And it's like, like the Elan has said, it is
kind of a Ponzi scheme. It depends on it being
a lot more workers per retiree because baby boomers are
(11:21):
five times as many.
Speaker 1 (11:22):
Most families have two kids now, right, So if those
two kids are paying in Social Security, but you got
five baby boomers on the average sucking it out, that's
why it's going to go bankrupt. There, right, says Back.
Speaker 2 (11:31):
When solid Security was first form in nineteen thirty three
or whatever, there was ten workers per retiree.
Speaker 1 (11:37):
Oh.
Speaker 2 (11:37):
Now there's like three or two point eight or something
like that.
Speaker 1 (11:40):
But the ten workers are retired now ten workers are dead.
Speaker 2 (11:44):
Yeah, right, okay, but no they the Solid Security Fund
is going to run out in twenty thirty three.
Speaker 1 (11:51):
I'll be dead too, and and you.
Speaker 2 (11:54):
Know there's going to be a sharp reduction in payouts
unless government fixed the like they did in the eighties.
But no one wants to touch Social Security because you know,
they tell you you're killing grandma and what and social
Security in stuff.
Speaker 1 (12:09):
Oh boy, let's go to uh, let's go to Andrew.
He's going to already talk to Dance. Go to Andrew.
What you got, Andrew?
Speaker 3 (12:17):
Hey, question about Social Security. I've been working since gosh,
nineteen ninety four, I don't know how many years that is.
Now my thinking is, after all these years, and I'm
in my fifties, and I'm not quite ready to retire yet.
Do you think that there will ever be a point
in time where we would be allowed to opt out
(12:37):
of pain for Social Security? Because for my future, I
just don't see it happening. And I'm thinking I'm looking
back saying, hey, you know, you know some people I'm
conservative financially conservative, and some people go out and blood.
But wouldn't it be better if we could opt out
of Social security and do and make investments, and investments
(12:58):
are unpredictable, would be just better?
Speaker 2 (13:01):
Privatizing social security is a is a beautiful idea of
The last serious person that talked about that was George W.
Bush in two thousand and five, and they they brought
up the having private accounts that were in addition to
solid security, so you could divert part of your funds
into solid security trust funds or into private investment funds.
(13:23):
And he got this stress in the shoes thrown at,
you know, because people are gonna you know, they're gonna
blow their retirement, they're gonna whatever, you know, a million
different things.
Speaker 3 (13:33):
You know they will.
Speaker 1 (13:35):
But oh yeah, believe me, that's that's why people buy
stupid cars.
Speaker 2 (13:39):
If you took all your solid security taxes and invested
them in private funds. You would get a much bigger
payhouse from Social Security.
Speaker 1 (13:46):
What if you made then you got to wear And
unless you have somebody that you know, like Joe from
Peak Retirement, does your money right, then you got that guy.
You got there so many LIFs like going down at
dirty Alley with one hundred dollars bills in your pocket.
You don'tonder who's gonna whether it's family, friends. And you know,
in the car business, the people we made the most
money on on a car were the nicest people to
(14:08):
deal with. I know that sounds terrible, but the minute
you sold Aunt Martha a car, Aunt Martha wore you out.
You made no money on her. She's your biggest pain
in the butt when you try to help people. I
think that's why old men are grumpy, because everybody I
try to help out. I mean, there's a situation I'm
in right now, I was on the phone earlier. I'm
(14:28):
trying to help people out something I had nothing to
do with. But yet they wear you out. And it's
just like, you know, you don't know when at what
point in your life you become the grumpy old guy
and I fight it, and I fight it. I fight it.
You know, the guy with the dollar bill at the
corner at the top of the traffic lights. I can't
stand that. When it gets the baggers out there.
Speaker 2 (14:47):
Oh, don't get me started. It gets me going organized crime.
Speaker 1 (14:51):
I gave a guy five dollars one time because he
was under the sign again the sign it says pedaling,
had the number and everything it's illegal in Columbus. He
had a real cute little dog and I pulled up
to him. I said, here's five bucks, and as long
as I get your picture, pointing to the signs, I
took the picture. He pointed sign and gave me thumbs up,
and I said, make sure you buy your dog get
some treats, because two homeless things a dog, and I
(15:12):
like the dog better than him.
Speaker 2 (15:13):
I tried to get a picture one time. It was
around Polari Small. There was a guy there who's dressed
better than you and I are today, and he had
a sign out I need a job, And there was
literally within camera shot there was four signs on four
different businesses saying help wanted, you know, like a restaurant,
a gas station and stuff. I tried to get a
(15:33):
picture of that, I just couldn't do it.
Speaker 1 (15:35):
Couldn't get the focus in another good another one I
saw down on a campus years ago. The guy a
tall gentleman. I forget it, real tall guy. He had
a sign that's read I don't I'm not homeless, but
I need money for weed. He's honest, and I was like,
you know what, that's that's that works, that's fine. And
everybody was giving him the dollar usual college kids they
(15:56):
ever get. He probably walked away with one hundred dollars
that night and one dollar bills. But henya, we're gonna
get break. We have one more segment left. We'll get
with you. Tim the same Tim or not, I don't know,
So we'll get you when we get back. This raw
Midian boots always protected by the end off heated American
Metalit tale from the heartlet Mack Studios on news radio
six ten WTV
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