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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (329196)3/16/2007 4:45:50 PM
From: Road Walker  Read Replies (2) of 1578851
 
re: Give me all the money that I have contributed to social security so far, and drop the requirement that I continue to contribute and I can insure myself against the "risk" of living past 65 quite well.

Yeah? You know exactly what's going to happen to you? No chance of a disability so you can't work? Maybe a crash in employment in you chosen profession?

Even if you think you can predict your future, you have to admit not everyone can. Spreading the risk... a lot of folks just pull bad cards in life.

re: In the future there will likely be very few retirees that SS provides a good ROI for, even if they have unusually long lives. That's true even without any reduction in future payouts, and future payouts probably will have to be reduced one way or the other.

You are just making stuff up.

re: Its a income transfer program. Its like welfare except the requirement for receiving money from the program is age rather than low income.

It's not at all like welfare. Everyone that works contributes, and the more you contribute the more you receive.
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