Page 2 of 2 FirstFirst 1 2
Results 11 to 12 of 12
  1. #11

    Default Re: SSI, Subsidized Housing and Proceeds of Homestead Sale

    I believe SSI rules should be followed to protect your benefits and there is so much computer matching that it is impossible to hide assets. They do need to be modernized however.

    Not to get of the subject, but we are talking about an elderly person's primary residence. Corporatations and the investor class feed lavishly off the public trough much more than someone trying to give a little money to their children when they die. Most taxes go to support Corporations, something few people are aware of. And to fuel our imperialist wars. This is policy, not a deivation from it as in a "financial scandal" or a "Bernie Madoff." It's not the apple, it's the entire capitalist barrel. A very small and ever dwindling fraction of taxes goes to safety net programs and public transportation. It's not profitable they say.

    I don't think people really understand exactly how they are being exploited by the Capitalist System. Like a horse with the blinders on, the only injustice they see is taxes and even then they blame the poor. Capitalism is at the root of all of the political, social and eonomic problems. SSI rules are strict because we are in the middle of a transfer of wealth to the top 1% of the population that can only happen in a Capitalist system.

    If someone claims exemptions on their yearly tax return write offs would that be in the same mind set as SSI recipient trying not to lose their benefit by obtaining a Supplemental Needs Trust? This option was a result of decades of struggle by the poor and their families. It wasn't handed to us on a silver platter. THe mother in the OP's question may live another 30 years. My grandfather lived to be 110. She may need that benefit after funds are gone.

    I don't think any of us have a "cake" to eat living at 75% of the poverty level.

  2. #12
    Join Date
    Jan 2009

    Default Re: SSI, Subsidized Housing and Proceeds of Homestead Sale

    I don't intend to start a political war here, but if I had a choice between capitalism and socialism, I would always choose capitalism because the drive to excel can be rewarded in a capitalistic system. In a socialistic system, working hard and being very successful means the fruits of your hard labor are given to someone who either chose to not work as hard or was unable to work as hard. And with all the people who continue to pour over the borders of the US, looking for the better life, I'd say that the US system is pretty darn attractive to the rest of the world.

    Imperfect, flawed, sure.

    I don't think there should be write offs on income taxes. I am in favor of a flat rate, across the board. That's the only method that is completely "fair". No need for all these complicated tax rules. The SSI rules are also too complicated. Why should there be special needs trusts for anyone, especially if you believe we should all be treated equal. With a special needs trust, some of the low income public asisstance recipients live better than the others.

    1. Sponsored Links

Page 2 of 2 FirstFirst 1 2

Similar Threads

  1. Disability Benefits: Proceeds from Sale of Property and SSI Eligibility
    By quinncy in forum Social Security Law
    Replies: 2
    Last Post: 07-03-2011, 09:50 PM
  2. Proceeds of a Sale
    By Judy56 in forum Buying, Selling and Conveying Real Estate
    Replies: 16
    Last Post: 02-21-2011, 12:16 AM
  3. Towing: Towed in California - Lien Sale Proceeds
    By sheyfield in forum Moving Violations, Parking and Traffic Tickets
    Replies: 1
    Last Post: 10-28-2009, 06:40 AM
  4. Foreclosure: HFC Kept Proceeds After Trustee Sale
    By jigair in forum Buying, Selling and Conveying Real Estate
    Replies: 10
    Last Post: 07-25-2008, 04:39 AM
  5. Property Division: Proceeds From Sale Of Home After Quit Claim and Possible Default
    By grandmadebb in forum Divorce, Annulment and Separation
    Replies: 1
    Last Post: 01-15-2008, 03:02 PM
Sponsored Links

Legal Help, Information and Resources