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][quote=Anonymous][quote=Anonymous]This happens on every thread about SS.  People think they have paid into some kind of savings account and they are owed the money back.  THAT'S NOT HOW SS WORKS.

The money that current workers pay in, supports current retirees (/disabled people).  Your Social Security checks will be coming out of the deductions from paychecks of the people who are still working/paying in when you retire.  There's not a big pile of money that you personally contributed to, tied to your SSN, waiting around 35 years for you to start withdrawing from it.

The first generation of people to receive Social Security never paid a dime into it.  It's not a return on investment, it's a social program funded by current workers to keep old people from living in poverty.[/quote]

This, plus all the people who think it would be fine to get rid of social security altogether for high earners since "they don't need it" and don't understand the whole point of the program is keep us from having millions of destitute elderly people in this country which would become a totally untenable situation very quickly. Social security is how most elderly people have homes and can feed themselves even after they are too old to work full time. We have to have some kind of plan for these folks, it's not like they just disappear after 65. Social Security and Medicare are what keep the US from being a total dystopia.

Also our taxes constantly pay for things we don't want. I don't want the war in Iran and didn't want the ones in Afghanistan or Iraq either, and yet the vast majority of my tax dollars over the 30 years I've been working have gone to pay for those wars. The idea that some tiny fraction of my taxes go to keep elderly people from being put out on the street to die (and coming with the promise that when I am old, if something were to happen to ruin me financially, I too would get some minimal income to keep me from becoming homeless or starving to death) is really not a source of upset for me.

Interesting how many supposedly high earners don't understand these basic notions.[/quote]

No, all high earners understand this perfectly. It’s just that they worked hard to become high earners precisely so they wouldn’t end up in a precarious and destitute situation later in life. They believe that older, poorer people that require assistance should be wheeled away into mass burial graves and gas chambers or otherwise eliminated from society. Problem solved as far as the MAGAs are concerned. [/quote]

Ummm, plenty of high earners who are NOt MAGa.  I literally vote D 99% of the time, despite the fact I would greatly benefit from the r tax cuts.  Only good thing about T is the tax cuts and the estate tax now basically being 15m+ and not likely to change (except up for inflation).  I benefit greatly from that so. But would weather never have had him as president [/quote]

I think you’re what is referred to as a Stealth MAGA. The prototypical BigLaw Liberal that openly vehemently opposes conservatives and republicans, votes along party lines, but then secretly and sometimes even subconsciously is addicted to self-serving capitalist greed at its very finest. Stealth MAGAs go out their way to support the dems, donate to various charities, drive Teslas, hug trees, and patronize underrepresented minorities. It’s all about virtue signaling to reduce guilt and never truly for the greater good.

Malcolm X once stated, “The white liberal differs from the white conservative only in one way: the liberal is more deceitful, more hypocritical than the conservative."[/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