People pay into SS and Medicare nearly all their adult lives, the Congress steals the fund and it then becomes a "Handout"!
Oh, yeah, I get it now!
The point is once there are enough people taking government money they will just vote themselves a raise whenever the need it. Kind of like now.
Not everyone of SS/Medicare have paid into it, here in lies the problem.
I think the total amount they contribute equals maybe 6 checks, when SS was instituted life expectancy was lower than the retirement age, now you have people collecting for decades.
Do you know, can you enter the work force without paying the social security tax? Is this a mandated law or is it unknowningly voluntary? I'm serious when I ask this.
I started paying in to social security when I was 14. I'm over 50 now. Did I make a decision at 14 that I didn't understand?