What is the most significant reason to keep or not keep Social Security?
Your retirement benefits are based on your LIFETIME SS Tax contributions. Doesn't that make it more like a waiting for God scenario than a Retirement?
It is 2017 not 1935
most Americans are getting somewhere between $750 per month($9000 yr) and $1,800 per month$21,000yr) this year. the Avg being $1360 a month(
Keep in mind that the cost of "living" varies state by state, county by county. But it is doubtful that any of these benefits will be a living amount.
You have to pay for your Medicare insurance, and supplemental insurance out that money if you have no other income. .
Social Security works if the politicians would keep their hands off and not allocate it for other "projects". There would be plenty of money for the retirees if the politicians hadn't "borrowed" from it and never put the money back.
Sadly, we do not provide enough in SS to those who have worked until old enough to collect it, and this has significant consequences that affect us all.
The changes to SS should be simple, if you have substantial income through work, retirement or just because you happen to be filthy rich, then you should not receive SS. If you don't have a six figure salary coming in every year through a nice pension or retirement plan, then SS should be there for you.
If SS was more capable of supporting those who receive it, then those people would likely not be working, however, as it stands now: Beginning with the month you reach full retirement age, your earnings no longer reduce your benefits, no matter how much you earn.
Why would this help?
When a person who is past the full retirement continues to work they are effectively taking up a job that a younger person could fill, this in turn keeps younger people from filling jobs and themselves earning income and contributing to SS and other taxes... SS should be there for those who need it, not those who do not.
When there is ANY talk about not having enough money for SS, one should get ill or annoyed at who-ever is saying such rubbish... if we have money to pay illegal aliens and refugees, if we have enough money to provide housing, welfare, and other support to those who do nothing at all (other than have kids to collect more welfare and support) then as a country we damned sure have enough money to continue to provide SS to those who worked for it and paid into it.
Its not a question of should there be SS... the question is why doesn't it pay MORE to those who need it, and why does it pay out to those who have NO need for it.
If taken care of as it was intended, Social Security should never run out. Most don't live long enough to ever collect and their spouse can only collect if they are not collecting their own, as the rule goes they collect the higher one and it doesn't matter that they both paid into the system for many years.
by SparklingJewel 6 years ago
I would be interested to hear opposition to the stated "facts" in this video...Has anyone done an extensive research on the origins of Social Security?http://www.youtube.com/watch?v=V4BjLrTq … r_embedded
by N. Ramius 8 years ago
I wouldn't pay in and wouldn't collect in retirement. I wish they'd let me do that.
by Ralph Deeds 5 years ago
http://www.nytimes.com/2013/03/31/opini … ef=opinionSocial Security, Present and FutureBy THE EDITORIAL BOARDPublished: March 30, 2013 6 Comments"In the fight over the federal budget deficit, Social Security has so far been untouched. That may soon change.Today's Editorials"In last...
by JaxsonRaine 6 years ago
http://www.cato.org/pubs/pas/PA692.pdfThis is exactly why I hate the government forcing me to do things through them.This study looked at what private investments would have done compared to Social Security. It broke the numbers up into high-income, average-income, and low-income scenarios.Private...
by Kieron Walker 4 years ago
When is the best time to retire?
by Charles 5 years ago
Does he really think that the solution to the dwindling social security fund is to privatize it? Perhaps it would be a better idea to return the money that has been "borrowed" without our consent? Does he really think that wall street, the people partially responsible for our...
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