My monthly payment is a little more than a third of the top payment. Those getting the top payment aren't hurting.
Uncle Larry Fink says “Work Longer” … You’ll be Happy
- Thread starter Over70irregs
- Start date
But you admitted right there that it is a welfare program.
Helping you proportionately more because you are poorer, and for no other reason.
That's welfare.
Thebrownblob
Well-Known Member
You Haven't Earned Your Social Security -- It's Welfare
Almost all of us are on welfare… or will be eventually. That’s because you will someday reach retirement age and collect Social Security benefits. And Social Security is welfare.
www.forbes.com
“But in fact, almost all of us are on welfare… or will be eventually. That’s because you will someday reach retirement age and collect Social Security benefits. And Social Security is welfare.
Now you might be flipping out right now like, “How dare he say that? That’s my money! I earned every penny of it!”
I’m sorry, but no, you didn’t earn it—at least not all of it. Your Social Security benefits are a gift from other taxpayers. It’s not your own money coming back to you.”
I guess you want to live in Mom and Dad's basement forever then....Still averaging 49 hours a week at least.
I do like my days off.
@rickyb jr....
So what you're saying is that if I make more money it's okay if I pay $5 for loaf of bread and you only have to pay a dollar fifty?
newfie
Well-Known Member
agree. taxes are next. Biden wants to let the trump tax cuts expire. Blue states need that to happen so they can tax like crazy and let their citizens write everything off on their federal return without a cap.
Thebrownblob
Well-Known Member
Stay there as long as possible and get rich?
Absolutely
Wally
BrownCafe Innovator & King of Puns
Currently, every wage earning worker is a participant in the plan. It is a safety net, created as a pay-related contributory pension. If you start cutting contributors off from receiving benefits "because", it becomes a welfare program, redistributing money from from some workers to others.
The plan has a limit on benefits so accordingly it has limits on contributions.
Wally
BrownCafe Innovator & King of Puns
True. Higher earning contributors get less return. They also contribute way more to Medicare which has no tax limits.
Sounds like a pension plan?
Don't forget whatever you put in your employer also matches.
No it isn't. Name a welfare program in this country(other than SS that you'll say) that gives those with good income more than those with mediocre to poor income? Gives the better off anything at all? Social Security is everyone contributing a percentage of their income up to a point and getting a payment that's proportional with their contribution. People say but I make $300k, how come I don't get a bigger payment? Because the income you contribute on stops at $168,600 for 2024. You don't have to pay any SS taxes above that. The proposal for above $400,000 means that $231,400 still isn't taxed.
Are you saying that anyone who made poor income throughout their working lives should get very little? My mom rarely made over $25k. A lot of years a good deal less. Was she lazy? She worked 2-3 jobs for over 30 years. With the big raise SS got recently her payment is $1149 a month. She's 80, and got less than $800 a month when she took SS originally. Should she only get $300 a month? We can throw out the old saw about SS was never intended to be anyone's sole income. For many millions it is. Are you guys who make enough to have a life and a future really wanting to take away income from the poor so that you can have even more?
I wonder how many of you contributed to an investment with the idea of only getting back numerically exactly what you put into it?You Haven't Earned Your Social Security -- It's Welfare
Almost all of us are on welfare… or will be eventually. That’s because you will someday reach retirement age and collect Social Security benefits. And Social Security is welfare.
“But in fact, almost all of us are on welfare… or will be eventually. That’s because you will someday reach retirement age and collect Social Security benefits. And Social Security is welfare.
Now you might be flipping out right now like, “How dare he say that? That’s my money! I earned every penny of it!”
I’m sorry, but no, you didn’t earn it—at least not all of it. Your Social Security benefits are a gift from other taxpayers. It’s not your own money coming back to you.”
Thebrownblob
Well-Known Member
No we just want preachy know it all people who have pretended their whole life to be self-sufficient too STFU
Thebrownblob
Well-Known Member
If I had invested the money that was taken out of my paycheck weekly for the last 30 years for Social Security. I would’ve been a millionaire many times over. What’s your point? Social Security is not a great investment for me personally, but perhaps it is socially but generally speaking people like you pretend they don’t like those things until you need them.
If you don't know it all by now then you need to start cracking some books. Funny thing about money. People can claim to be Christians but when they start squabbling about money all that other goes out the door.
Especially if the employer matched it with what you put in.
jesus was not a capitalist
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