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But, I sure as Hell do know that it is not welfare or entitlements. I paid for it and I earned it!
End of rant
Conservative propaganda is very powerful
Low information voters will always vote against their own interests
That's why poor white people vote for Republicans that are pro-corporation and anti-workers
Another example of people not knowing enough is Medicaid. Medicaid is NOT MANDATORY. That is, states can opt in or opt out. But since it was created, EVERY STATE OPTS IN (there may have been a year here or there where for some reason a state didn't in the beginning). You should be asking yourself why your state opts to exercise the Medicaid option.
Then, after the opt in, THE STATE RUNS THE PROGRAM with a skeleton of regulations set by the federal government (i.e., the entity ponying up most of the money for Medicaid). So all of this anger over poor people sucking the Medicaid teat should be directed at your state elected officials or whatever entity runs your state's Medicaid program. Obtaining or not obtaining Medicaid in one state can be vastly different from Medicaid requirements in another state.
The fact that the federal government runs Medicare is in my opinion why so many people want to say "don't touch my Medicare" when any Medicare austerity policy comes up for discussion.
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And boomers are the first generation to have paid into SS their entire working lives and will get back less then they paid in.
I assume you mean boomers will get back less than they paid in as a group (in the aggregate). That may be a correct statement, but I would really like to see some credible analysis which backs it up, in case you can provide a link. Or at least perhaps you can tell us where you read that?
As individuals, many of us boomers will get back more than we paid in - all that's necessary is that we live a nice long life. Those of us who die early will be in the situation that your sentence describes.
I assume you mean boomers will get back less than they paid in as a group (in the aggregate). That may be a correct statement, but I would really like to see some credible analysis which backs it up, in case you can provide a link. Or at least perhaps you can tell us where you read that?
As individuals, many of us boomers will get back more than we paid in - all that's necessary is that we live a nice long life. Those of us who die early will be in the situation that your sentence describes.
This news came out years ago. That shift happened in 2012.
Some other shifts...millennials now outnumber boomers.
It's no longer the numbers of people paying FICA that is the issue but the amount they are paying in today is less because they are earning less.
I shudder to think of a United States without social safety nets. I really don't like bars on my windows and armed guards and soldiers protecting my property. I don't want millions of starving angry poor masses over running my gated community . what happens when the poor get desperate? Without SS and Medicare massive amounts of wealth and property will be lost in a short time. Not all Americans are savy enough to save and invest for retirement. We don't all come here with equal IQ and skills. Like I stated before, who would want to live in a third world nation? What happens when the poor swarm the wealthy? Open your history books people.k
I shudder to think of a United States without social safety nets. I really don't like bars on my windows and armed guards and soldiers protecting my property. I don't want millions of starving angry poor masses over running my gated community . what happens when the poor get desperate? Without SS and Medicare massive amounts of wealth and property will be lost in a short time. Not all Americans are savy enough to save and invest for retirement. We don't all come here with equal IQ and skills. Like I stated before, who would want to live in a third world nation? What happens when the poor swarm the wealthy? Open your history books people.k
What part of history are you referring to? If you are referring to perhaps the French Revolution then Id have to point out the Roman Empire. They had safety nets for their poor. It was part of what bankrupted them as well.
Social Security is a wealth transfer program dressed up to look like a pension scheme. The systems has never been built around funds in "trust" for future payments, and there is zero accounting on an individual basis. It has always been taxes in, benefits out, just like the gas tax for road improvments, or income taxes for the defense budget. There was a period from the mid-1980s to about now when a surplus was built up, to be spent down for the baby boomers, but that was a temporary add-on to the basic design of the system.
If benefits are earned from a lifetime of working, how did anyone collect benefits for the first 10 or 20 years of the program?
Social Security is a wealth transfer program dressed up to look like a pension scheme. The systems has never been built around funds in "trust" for future payments, and there is zero accounting on an individual basis. It has always been taxes in, benefits out, just like the gas tax for road improvments, or income taxes for the defense budget. There was a period from the mid-1980s to about now when a surplus was built up, to be spent down for the baby boomers, but that was a temporary add-on to the basic design of the system.
If benefits are earned from a lifetime of working, how did anyone collect benefits for the first 10 or 20 years of the program?
What part of history are you referring to? If you are referring to perhaps the French Revolution then Id have to point out the Roman Empire. They had safety nets for their poor. It was part of what bankrupted them as well.
The Roman empire also bit off more than it could chew . endless wars of conquest bankrupted them as well . the reason monarchs get beheaded is somebody is desperate . do we want a desperate America ?
Unless you are fraudulently failing to report your income, you are paying self-employment tax and you will be eligible for SS benefits.
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