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Politics : Don't Blame Me, I Voted For Kerry

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To: CalculatedRisk who wrote (12072)4/3/2004 10:45:36 PM
From: OrcastraiterRead Replies (1) of 81568
 
If its a welfare plan, why does a person taking home $60K in tax free dividends need welfare?

Welfare? SS is not welfare. People pay into the pot all their working lives. When they retire that want "their" money back. I don't think it's right to think of it as a welfare program, it's a retirement program. A reward for working hard, paying taxes, supporting the country.

Ok then, there are plenty of people that are making good incomes without SS. It should be, and is, optional for these people to opt out. Just don't apply for the benefit. Some people do this now. But maybe the government could incentivise the practice some by offering other tax benefits or other perks.

One thing for sure, if the rules for SS get changed too much, heads will roll in Washington DC. I've been paying into the system for almost 40 years and am about to receive my SS. If someone takes it away now...I'm liable to go Postal... ;^)

Orca
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