If my “contributions” had not been pilfered they would easily pay for my “benefits”.
SSI has been used for everything. No wonder it is broke.
How about starting with taking everyone off of it that never worked and never paid in? That would be a great start. Obama made it permanent welfare for millions.
Since they won’t be able to get Social Security till they’re 75 , under the Mises libertarian plan, people will have to work until that age (unless they’re fortunate to have government job pensions or inheritances from wealthy parents). So, who is going to hire them? What companies are hiring - as opposed to firing - people in their 60s and 70s?
I have a much better idea: Permanently eliminate at least half of state, local and federal government “jobs.” We’ll save tons of money by destroying that segment of the parasite class and also cut down mightily on the waste, fraud, laziness, stupidity and lawlessness it propagates throughout society.
How about get rid of social security instead?
Raise the cap to 400K. That’s more reasonable.
100% agree. In particular, the SSI benefit (disability really infuriates me because it is handed out to pretty much anybody who applies for it.
One of the most egregious examples of abuse I've witnessed is in my own family. One family member was in the construction field and in his early 40s he developed knee issues so could no longer do the work he was accustomed to. However, his employer offered him an inside job at the same level of pay with opportunities for advancement (such as supervisor, foreman, construction manager).
But he decided he didn't want to be a "paper pusher" or a boss, so applied for SSI and got it, at the age of 42. Since then (this was 20 years ago), he has been collecting a full Social Security check as though he waited until FRA age (67) to collect.
What has he been doing the past 20 years? He's been going to the gym, hanging out at the beach, and working "under the table" at various jobs for extra cash. He could be working pretty much any job that doesn't require him to work on his knees. Sure, he's not rich but he's getting along just fine, while the rest of us work.
Meanwile I've been working my entire life without a break. I'm just now approaching the age of 62 when I can collect some benefits but I'm going to push it to 67 or beyond because I'm still healthy and able to contribute rather then become one of those collecting.
There is no reason whatsover to be giving lifetime "early retirement" SSI checks to people with only limited disabilities.
“How about starting with taking everyone off of it that never worked and never paid in?”
Be careful there, there are a lot of “house wives” who may have worked a few years then stayed home to raise a family. When their husbands pass on ... should they not receive any benifit? Especially if the husband dies just short of retirement?
Yes to your question of those who just come here from another country in their 70’s+ who never were part of the system.