The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Don't worry about boomers killing the market||Date: 8/10/2006 5:40 PM|
|Author: Buffalostew||Number: 53067 of 73923|
"Social Security isn't gratitude, it's a debt."
Crazy talk... Social security is an income tax, pure and simple. When you made your earned money you were taxed on it. That money was then spent by YOUR government, who YOU hopefully participated in voting for (except for time when voting age was above minimum working ages). Seems to follow the rules of taxes to me. Did you not enjoy the excess spending by YOUR government?
By enjoying the excesses of government the "debt" has been repayed.
SS needs to be called what it is, a welfare system for people too old to work who would be on the street otherwise. If you get SS you are on welfare. Is there another name for a system that taxes one group to support the living (plus cost of living adjustments) of others?
Historically people have received far more from SS than they have put into it, even factoring inflation.
Am I wrong?
|Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|