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Reply to "What Would You Be Willing to Do to Save SS?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think I would stop the ability to claim SS if you've never paid in. [/quote] Who gets SS if they don't pay in? I thought you had to have 40 quarters of earning, and the benefit is figured in your top 35 years.[/quote] There are benefits for children and spouses. https://www.ssa.gov/planners/retire/yourchildren.html https://www.ssa.gov/planners/retire/yourspouse.html [/quote] PP. Oops. Forgot about that. [/quote] Workers are paying for their own spouses and children. I don't see anything wrong with that.[/quote] Can you explain to me how? A worker with income contributes to SS. When that person retires, he can draw on the SS that he contributed. And if he has a minor child, that child receives a SS benefit. And if he has a spouse that never worked, that person is also entitled to receive a SS benefit. 3 people can draw benefits from a single persons contribution. More if there was ever a divorce with a marriage lasting over 10 years. [/quote] It's all based on the assumptions. When social security was set up, it was assumed that men worked and women did not. One person's salary covered three people and the SS tax was set so that the one person's person would be able to pay for the worker, his wife and any minor children he might have.[/quote]
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