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Reply to "High earners/savers: How do you feel about social security?"
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[quote=Anonymous]We're very high earners (millions) and SS withholding and the program itself doesn't bother me at all. Like PP said I'd much rather pay a small percentage of my income to avoid millions of elderly people living in poverty, and know/hope I have the same insurance policy too. I also assume I'll get nothing someday when I'm elderly, but I cross my fingers the program continues to function. Also let's be real, rich people complain a lot about taxes, but our portfolio has still grown by multiple millions over the past few years. We save over a million a year. If we had no federal taxes we'd probably save two million a year, but I don't think it would change anything about our lives. I do wish they'd stop flushing our tax money on wars though. It drives me crazy we keep spending on wars but refuse to socialize health care or education. [/quote]
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