or better yet, how about leaving me the hell alone and letting me prepare for my own old age...
once we return the age to collect to athe point of life expectancy, please tell me again why i should pay into it in the first place ??? just a place to 'hold' my extra cash till i die, makin it impossible for me to pass it on to my kids ???
ole ricardo hs prolly been a fan of the ponzi scheme in years past...give msm a minute and theyll find it...
Myself, I always thought a phased transition to privatization for a retirement system would be okay. Politically, I think we missed the time for that. The elderly vote, and the baby boomers are becoming elderly.
Social Security is part of OASDI (Old Age Survivors and Disability Insurance). Its purpose was insurance against getting to old to work, and having no income. That age was originally set at 65.
Since it was conceptualized as Insurance, there was no provision for inheriting the benefit. Just like your homeowners insurance, disability insurance, or car insurance, your family doesn't normally inherit anything based on the premiums paid. Though they did include provisions for minor children, and allow 1/2 of the benefit to a surving spouse.
I also, would rather make my own arrangements, but that ain't about to happen given the current political climate, and if the elderly get the idea that their benefits are going to be cut off overnight, then good luck getting anyone elected who will cut spending on anything.