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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (550598)2/17/2010 12:08:07 PM
From: bentway  Read Replies (1) | Respond to of 1572159
 
SS is self-funded social insurance for the poor, fools and/or the unfortunate. It's not an investment program. It's for EVERYONE, not just YOU. It was never intended to be a retirement plan, although that's what it is for many. It was intended to provide a base level of sustenance for old people headed for the last roundup and people presented with tough economic circumstances.

I used to have your opinion. Then, my dad died unexpectedly when I was a young man. My mom collected SS survivor benefits to continue to raise my little sister. As I wasn't making much at 20, I really appreciated this help. It meant a great deal. I've never since questioned my SS contributions.

If you're wise, you'll set up a retirement plan of your own. SS will supplement that. This is a hard country, full of selfish assholes.

SS is one of the few programs that goes against this, and it's been under attack since it's inception. Every generation has been positive there would be no money there when THEY retired, and been wrong.



To: RetiredNow who wrote (550598)2/21/2010 9:39:01 PM
From: SilentZ  Read Replies (1) | Respond to of 1572159
 
>I can guarantee them a higher return on their money. The current system pays back less than you put in, on average.

But it's not about returns. It's about guaranteeing that old people can eat and don't live on the streets.

-Z