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Bad Moon Risen'
How about someone who paid into Social Security their whole life and received nothing in return?
President Trump
- Thread starter wkmac
- Start date
MAKAVELI
Well-Known Member
Umm. No it's not.
MAKAVELI
Well-Known Member
That most likely will be the case for me.
BrownFlush
Woke Racist Reigning Ban King
Focus.
An.
newfie
Well-Known Member
DriveInDriveOut
Inordinately Right
The study accounted for inflation, and determined you're getting back more than you put in.
Try again.
And still we invest to get a decent return on our money. You're anti Social Security because you don't think it'll be there for you. It will be.
P.S. The study cited included Medicare. I'm strictly talking SS. If you include high medical costs then yeah we're getting back considerably more. I will do my best to pay as I go overseas so as not to burden our system.
DriveInDriveOut
Inordinately Right
I'm against a social security system that is not fiscally sustainable because entitled baby boomers think they deserve to sit on their asses for 20 years collecting a government check.
Do you know what the retirement age and life expectancy were when it was instituted compared to now?
Baby boomers should have raised the retirement age long ago. Instead they pass on a broken system to their kids because they're selfish and lazy.
Fred's Myth
Nonhyphenated American
And we all know YOU will be claiming YOUR share, even though YOUR benefits come at the expense of those who paid into it but will never receive THEIR fair share.
Who's the true hypocrite?
There were also a lot less people and the Dollar went a lot further compared to now. But the real problem is exploding medical costs, not SS. And Baby Boomers didn't create the program and have only recently begun to retire. Why are you fixated on boomers?
brownmonster
Man of Great Wisdom
So what. He has nothing to hide.
newfie
Well-Known Member
May you receive the attention you endorse
In 1983 Reagan signed into law a bill that raised the Social Security retirement at incrementally from 65-67 . Today some in his party want it raised to 70 .
As is the case with life itself, it's all a question of how long you will live and yes I paid into the system in accordance with the law. I paid the full required amount every year for 44 consecutive years and yes I paid in to help support the program for the benefit of my parents who payed in to support the system for the benefit of their parents.
It's because they want the older worker out of the workforce but don't want them drawing benefits. Another generation that wants it both ways. But with advances in technology driven automation jobs for those who lack the skills required for the limited number of jobs remaining will be harder to come by and some see the older worker as a competitor for those jobs.
Privatization of SS is dead for the time being because of the same three issues....1. Management fees 2. Recession 3 Saving discipline. Would people have the discipline needed to raise a large enough principal to fund 100% their own retirement? A principal that starts at 1 million dollars.
I think business should be required to put the full Social Security contribution in for every worker they displace through automation. Otherwise the system will fail.
Old Man Jingles
Rat out of a cage
Sounds like a Social program to me.
