SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : View from the Center and Left
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: epicure who wrote (233785)10/7/2013 4:04:44 PM
From: Metacomet  Read Replies (1) of 542240
 
We ought to be able to admit that this IS a system that takes from the young and gives to the old,

Well, yeah

That is the design model

It has always been an intergenerational transfer

It simply addressed the historic problem of dealing with an aging population that was no longer able to provide for themselves

There were millions of elders, without family to rely on that were simply cast adrift until they died

Social Security addressed this by the simple expedient of putting in place a system whereby your contributions were distributed to the current qualifiers and you were then guaranteed a seat on the bus when you eventually qualified

Effectively a form of forced saving

It has worked amazingly well by any objective standard, but there will always be those, usually folks sufficiently positioned so they don't need it, who will complain about someone else getting something for free

..and those folks will always find a dangling thread to pull on in hopes of unravelling the system

...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News