Ray From Cleveland
Diamond Member
- Aug 16, 2015
- 97,215
- 37,440
May I ask any of you? If we had no Social Security and Medicare for the aged do you believe we would have all of the other social programs? At least at the levels we do. I believe when people get a certain age and start collecting maybe they do not want to rock the boat. I know. Paying that 15% nut every payday or every quarter for others turns it into something earned and not an entitlement. But our politicians have had other plans for that 15% which was a bit lower in earlier years since it was put into the general fund. Now the pay ins are becoming more and more pay outs as the shortsightedness of the political class to live for the present when elected becomes more and more apparent. And the feds need resources with the millenials wanting socialism but not wanting to pay for it even though we have a different form of socialism going on now.
Social programs are fine as long as it's run by the state, and not the federal government. As for SS, it's mandatory and the federal government runs it. What we should have done decades ago is what Bush wanted to do, and that is allow it to at least be partly privatized where you could earn some real interest on the investment. Then if you pass on at a younger retirement age, or not make it to retirement at all, you can will that money to your family like any of your personal property. Right now, if you die on your 65th birthday, all that money you and your employers contributed, your family doesn't see dime one.