It is 100% welfare.
The money that young people put in today does not go into some account for them to access.
It goes directly to pay for the above 65 year old crowd in this country that will leech off those born after 1970 for the next 30-40 years
Its 100% not welfare. Get another idea. :-)
The money that young people put in today does not go into some account for them to access.
It goes directly to pay for the above 65 year old crowd in this country that will leech off those born after 1970 for the next 30-40 years
Do you have any idea how intellectually lazy such a statement reveals you to be?
Welfare is, by definition, something for nothing -- other than existing. AFDC and Section 8, that's welfare. Social Security is a social compact -- you pay in now, you get paid later.
And, while you are correct that Social Security is today nothing more than a transfer payment -- from the young to the old -- that is not due to any action on the part of the old. It is, instead, a corruption of the system traceable solely to the actions of Lyndon Baines Johnson and his Democrat party, followed by most subsequent Congresses and Administrations.
Nonetheless, when they were young, the old paid in. They're not getting something for nothing. They fulfilled their side of the deal.
Now, it's up to you.
But, please, think first -- before you write...and reveal your ignorance.