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I think that allowing people to opt out of paying for Social Security would just leave millions of Americans in old age with no way of taking care of themselves. I can totally picture people opting out of the system for the large tax break, telling themselves "Oh, I'll just take this extra cash for now and save for retirement later" and then when retirement comes they still haven't saved any money and there is no means for them to take care of themselves. Those people are still going to fall into the state's care, only it is going to be much more expensive than if they had a SS check coming into their pocket every month.
As for the increasing age to claim benefits, I think 70 is still too low. The year that you can claim social security should scale with the increases in life expectancy. When social security was implemented over half a century ago, it wasn't all that common for people to live into their 70s, let alone 80s. Now, I bet most of those baby boomers will live into their 80s. Such a system is bound to break unless the retirement age is raised.
I partially disagree. Those stuck in minimum wage will never be able to save. Eventually health problems occur, housing in many places is overpriced and so is transit because in most situations a car is necessary. Not to mention unemployed periods of time, etc.
Those in the lower class are forced to work until their bodies fail them, then they might as well be sent over to the "hall of the useless" as Ayn Rand put it in Anthem. (funny that capitalism can produce the same things that she feared communism would)
Those in the middle and upper classes have no one to blame but themselves.
The question to ask is, "why are they stuck in the lower class?".
it is not my fault they dropped out of high school or had babies before they got an education.
You make your bed, you lie in it.
This is the Land of Opportunity. If someone does not take advantage of the opportunities out there, that is not my problem.
ss is one of the few benefits of being a senior citizen. leave the fund alone!
also consider the baby boomers are the last generation that will live longer lives. the country is getting fatter as i type this message. generation x and their children will not live as long as the boomers so it won't be as taxing on the system.
If people saved on their own and were not forced to pay into SS this would be a non-issue. Never let the government have the means to control your life! You think you're screwed because they are raising the SS recipient age? Wait until the rationing of Obamcare kicks in. Geriaticide.
If people saved on their own and were not forced to pay into SS this would be a non-issue. Never let the government have the means to control your life! You think you're screwed because they are raising the SS recipient age? Wait until the rationing of Obamcare kicks in. Geriaticide.
Oh I don't disagree with you. But voting history is telling.
How many career politicians are in DC ?
How many keep getting reelected term after term after term ?
The voting populace have short memories and are gullible to campaign promises and the politicians are very well aware of that.
With the dumbing down of Americans..this will only get worse, not better.
Just try to discuss the Bush tax cuts with someone. Many will just parrot what they heard on MSM from the administration and cannot even tell you what the Bush tax cuts are..just that it benefits the rich and the rich have to pay.
The problem today is that there are fewer and fewer people that have the ability to retire on their own dime. That is an inherent problem with transferring wealth to the upper "class".
I grew up pretty freaking poor and I am retired at age 40. The problem is everyone thinks you need to be rich to retire when in fact all you need to do is get yourself into a position where you income is greater than your expenses and your savings is large enough to cover 3 to 4 major emergencies, past that everything else is just gravy.
Oh I don't disagree with you. But voting history is telling.
How many career politicians are in DC ?
How many keep getting reelected term after term after term ?
The voting populace have short memories and are gullible to campaign promises and the politicians are very well aware of that.
With the dumbing down of Americans..this will only get worse, not better.
Just try to discuss the Bush tax cuts with someone. Many will just parrot what they heard on MSM from the administration and cannot even tell you what the Bush tax cuts are..just that it benefits the rich and the rich have to pay.
i disagree with you the bush tax cuts. ($1.3T i believe) i don't care who the hurt or benefited... they were not prudent during war times. but we'll agree that all employed citizens should pay federal income taxes. our system makes no sense to me. it's bad business!
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