Michael,
I think that it is the system itself that is sucking the life blood from the younger generation. The amount wasted by the bureaucracy, inefficient government workers, red tape, and just flat corruption, is what has been, by far, the major drain on the funds contributed over almost a lifetime of work. I once heard that of every dollar contributed by the employee, and the employer, less than 30 cents is returned as benefits. Don't tell me someone doesn't have their hand in the till.
There should be some, reasonable, net worth consideration in the qualification for benefits but, no one should be penalized for what they have earned by diligent, and intelligent, work during their employable years. Sounds a bit like a "catch 22" situation but, the gradual return to investment by the people who actually EARNED the money, is a good step, IMO. Too many people, young and old, consider it to be the governments money. No way Jose!!! The government didn't earn one red cent of it. The bonds, some say are supporting the SS system, were bought with the money collected from the individual workers, so it is still their's.
The older people are no more "whining cry babies" than a lot of the younger people around here, that are bemoaning their own foolishness in the stock market. So many people think they are making a ton of money because it appears on a PC monitor, or statement from a broker, when they have not made a dime, until the cash is in their hot little hands.
~;=;o --haqi |
