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Longevity is positively correlated with income and wealth. Is Social Security welfare for those who die before getting back what they paid in?
Yes, the very nature of welfare is that some people pay in more than they receive.
It's not like there's a Joe Blow, SSN 555-55-5555 account where your money goes. Right now I'm working and paying for my grandmother's welfare. I'd prefer a non-welfare system myself, although we're pretty much stuck with what we have.
The Social Security Administration has just released wage statistics for 2013, and the numbers are startling. Last year, 50 percent of all American workers made less than $28,031, and 39 percent of all American workers made less than $20,000.
This includes teenagers working after school and retirees picking up a few hours a week at Home Depot or Walmart to expand their social circle so they don't spend too much time watching reruns of Wheel of Fortune.
It also includes someone who didn't work for 10 months and then landed a $120,000/year job for the final 2 months as having an income of only $20,000 for that calendar year.
But it's okay if American companies hire illegals to increase their profit margins. It's okay to not pass legislation requiring American companies to use e-verify. The double standard and hypocrisy is most amusing
Don't you believe this comes from all sides. It's hard to understand why our Govt will not enforce the laws on the books.
Don't you believe this comes from all sides. It's hard to understand why our Govt will not enforce the laws on the books.
Pragmatism.
Most of the illegals are doing jobs that most people wouldn't want to. You know, cleaning offices, washing dishes, cooking in restaurants. Might depend where you are, but good luck finding people to cook in a kitchen in San Francisco for $10/hour.
Also they're not really interested in pushing more work under the table. They like collecting taxes.
I'm not sure this is a compelling argument that social security is welfare. However, you do make a valid point. The social security forced deductions are a terrible 'investment' for far too many out there. Kind of like the rest of our taxes.
If you withraw more from social security more than you put in, then yes it is welfare. Many withraw(even when adjusted for average investment growth over that time period) much more than they put in. For these people yes it is clearly welfare.
This includes teenagers working after school and retirees picking up a few hours a week at Home Depot or Walmart to expand their social circle so they don't spend too much time watching reruns of Wheel of Fortune.
It also includes someone who didn't work for 10 months and then landed a $120,000/year job for the final 2 months as having an income of only $20,000 for that calendar year.
Yea that's it, it's that tons of people are just days away from landing that 120k job or just working these jobs just for fun. That makes alot of sense and definetely explains it.
If you withraw more from social security more than you put in, then yes it is welfare. Many withraw(even when adjusted for average investment growth over that time period) much more than they put in. For these people yes it is clearly welfare.
Yeah, I used to some tax work on the side for an EA during tax season. Basically, I did intake and filed the simple claims. Since most of his clients were self-employed/business owners, the owners draw on equity always came up. One of the big concerns was taking owners draw over a reasonable salary reducing social security. Most people, even smart and successful businessmen let alone the average layman, have any idea how progressive social security is.
The problem was once they saw that it was (a) way more conservative than their general portfolio and a completely inappropriate investment for their time horizon and (b) a wealth transfer mechanism, then you usually had to manage it the other way. No, Bob, taking a salary of less than $30,000 isn't a good idea. Getting ripped off by social security sucks, but it sucks less than being audited.
I think it's interesting that so many people in this thread are confusing average with median.
Perhaps this war was lost a long, long time ago.
Average salary in the US is something around 41k.
Median salary is the US is something around 28k.
Huge difference. Fully half the population and then some is making less than 30k per year. Is it any wonder we are in such dire straights? The middle class died long ago. The Elites/Oligarchs want it this way, and until we start taking hatchets to their children We the People will have a hard time regaining prosperity.
The solution is very simple. If we all worked for the government, we would make a lot more money. What don't you greedy capitalists and banksters understand about that?
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