The first SS beneficiary was Ida Mae Fuller who contributed a total of just under $25 to the program before retiring, and went on to receive more than $22,000 in lifetime benefits.
Can SS SOMETIMES be tantamount to Welfare? Surely, you can see that it can.
Now, given that millions of people have paid into the system for decades, yet there are only funds sufficient to pay benefits for three years, is it fair to say that on average, a beneficiary receives far more in principal payments far in excess of the principal he or she contributes. And I think you can agree that this fact can be easily proved mathematically.
So, is it not true that the average SS recipient is, in fact, a welfare recipient? You might want to call it something else and that is fair. But conceptually, when you draw benefits, most people get out more than they put in plus the associated earnings on their (and their employer's) contributions, right. |
