Reply to High earners/savers: How do you feel about social security?

Forum Index » Money and Finances

Reply to "High earners/savers: How do you feel about social security?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't understand why people above a certain income must participate at all doesn't make sense [/quote]

Because it’s basically the government 401k.  You pay into it with your own money and you’re entitled to get it back.

If you want to change the system and just raise taxes on everyone and then apply a means test to determine who gets money from the government in their old age, fine.   But that’s not how it’s set up right now. [/quote]

This.  If we want to raise taxes for broader redistributive purposes (including funds needed for the government to sustain its social security commitments), then let's do that through legislative processes, through which we can decide what categories of individuals and entities should contribute more.  But people contribute to SS with their own money and have a reasonable expectation that they will get it back (without substantial redistribution at that level).

Imagine if your employer provided a pension you contributed to and then changed the rules of the game such that your payments were reduced while less financial well off employees continued to receive their full payments.  As SS is an earned right, not a social welfare benefit.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics