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Previous comments... You are currently on page 2.
I am not stating that to be the case for everyone. Each person must live as they see fit. For me taking funds which are taken by force from businesses and then distributed to others is no different than taking other moneys the government takes by force.
If I can I will always avoid doing so.
I still need my SS monthly payments. Otherwise I'd have to give up maybe my car to the repo man.
I'm too afraid of hell to shoot myself.
It's taken about a century to dig the money pit of SocSec.
It's going to take a generation or two to fill the hole so we might be able to climb out.
Any change/solution should be implemented over at least a generation or a 'working lifetime' of at least 40 years or more.
Phase out the current system gradually and implement its replacement in steps over that period.
If it's supposed to be a Supplemental Retirement Safety Net, workers/employees should be 100% vested for every dollar in their accounts, and not the government.
If it's a "retirement" benefit, the ownership and contributions should be fixed by contract with every individual, negotiable between themselves and their employer (which might be they, themselves!) as to what the contributions would be on their part or the employer's part.
If it's related to life expectancy, which makes sense, 'retirement age' or 'eligibility age' should be adjusted for life expectancy every five or ten years.
Individuals should be able to choose the age they want to retire at, and should take full responsibility for providing for their retirement expenses.
In some sense, you could retire at any age, but your 'payments' (if government-managed...) would be proportional to how long you worked before retiring.
Retire young => get less money... Just as if it were your own savings for retirement... which it should be.
imnsho.
Could you please explain what you're saying a bit clearer for the Old Dino?
Edited to add SSA ratio info: http://www.ssa.gov/history/ratios.html
Social Security has to do with retirees not children of retirees. It used to assume it was for the destitute then became a program for everyone in a great vote buying scheme. Either way Grandpa and Grandma are just as affected by the left wing socialist progressives dollar devaluation scheme as any one else without the ability to continue working to make up the difference. The SP's plan is to impoverish the nation except of course for their own offshore accounts. Then of course there was the great population stabilization drive, another SP initiative so exactly why are you prosecuting Grandpa and Grandma unless it's a wish to see them die earlier?
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