The Motley Fool Discussion Boards
Investment Analysis Clubs / The BMW Method
|Subject: Re: Bargain hunting||Date: 11/13/2012 12:57 PM|
|Author: Jim2B||Number: 40779 of 41728|
God forbid the government even attempt to raise money to help pay for its obligations. The fact that workers paid into social security all their working lives with the expectation of being able to withdraw at the end of the day be damned.
This attitude just isn't going to wash.
This is BS argument and you know it.
Current and prior recipients of SS payments, on average, received more benefits than they paid into the system. People who are likely to start SS in the near future will likely get more than they paid into the system.
This is because the government elected to use SS to "buy their vote."
However, in my generation, 80% of the recipients will get less than they paid in and possibly they will get nothing if the system bankrupts itself. My kids will get an even worse deal.
You are saying that people who voted themselves a great deal by spending the money of later generations, owe those later generations nothing. That's not very "fair". In fact, if any democrats cared about the youth in this country, they'd fall all over themselves trying to fix this inequity.
As far as I'm concerned, I've written off SS. 15% of my pay for my entire working career and I'll likely receive nothing (thanks for thinking of me and the later generations Kelborn). I just hope to get the program axed before it screws my kids too badly. I know this isn't a realistic expectation, too many people are too selfish to think about "fairness" and making sure a program deals equally to all generations. Then again, that's par for the course for the party that preaches the government owes constituents "free stuff." Democrats won't even let me try to salvage a small amount of that 15% for my own retirement. Greedy b@$t@rd$ that they are.
And yes, I'm willing to throw earlier generations under the bus to fix SS. After all, all of my ancestors had to pay into the program but got nothing back due to disqualification from their eligibility for other programs.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|