i dont get why people think social security is an entitlement (Baby Boomers, how much)
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I was talking about MY father-in-law, who got way more than he put in, and acknowledged same.
My dad retired at 65 and died just 6 years ago at 97. He also got quite a bit of money from the Teamsters Union which he only paid in to for just over 2 years. Which of those things was worst? I say the union paying him over $250 per month for over 35 years since his monthly dues were $8. He was a union hater but he took their money, gladly.
I wonder if many of those who are against we old people collecting SS know that we don't get even half as much as they do or will.
I think it's called an "entitlement" because people are entitled to receive it, since they've paid in.
Funny how we don't hear about the percentage of people who paid in and never collect because they die before they're able to collect. I know people who died in their 50s, a few of them at least. Several in fact. And some who only collected SS for a year or two before they died.
Why aren't we supplied that kind of information rather than just how people are getting paid for far too long because they didn't pay into the system for as long as they're collecting?
How many have died before they even collect a dime? What about all the troops who have lost their lives and never will collect? What about people who die young, less than 65 years old? We don't hear about that, do we.
best,
toodie
entitlement is a dirty word used by politicians to create further divisions among people.
i pay into social security my whole life. when i reach 65 or whatever the age is, i pull out what i paid in my whole life.
if i go to the bank and deposit money week after week, one would assume i have the right to pull that money out when i need it.
social security is more like insurance then anything else.
there is no such thing as an entitlement that you have to pay into your whole life to get.
an entitlement is something handed to you like food stamps or a 75,000 year job for a dropout(walker relative).
Social security isn't a bank account. The money you pay in doesn't go to an account with your name on it. It doesn't even go to a social security account. It goes to general revenue.
Because more is withdrawn than is contributed, if you live long enough (which many folks do).
So? If I buy an annuity, I will collect more than I paid, if I live long enough. If I buy life insurance, I will collect more than I paid, if I die fast enough. None of this has anything to do with the question the OP asked.
I wonder if many of those who are against we old people collecting SS know that we don't get even half as much as they do or will.
Huh? As I said my dad got all his tax money, Fed, State, local property, payroll taxes back in 5 years. Do you really think that will happen to me starting in 20 years?
It has nothing to do with not wanting the truly needy to receive help, it is about a demographically unsustainable system. Just ask Madoff about those.
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