Social Security rewards the longer lived at the expense of the shorter lived. There is not doubt that the worker who pays into the system for his entire working life and then kicks the bucket at 63 is hosed under the current system, with nothing to show for his hard-earned money invested over all those years.
In as much as there is a racial component to lifespan, this is a racial issue. Social Security is a bad deal for White Americans, but it is a disaster for Black Americans.
>>Social Security rewards the longer lived at the expense of the shorter lived. There is not doubt that the worker who pays into the system for his entire working life and then kicks the bucket at 63 is hosed under the current system, with nothing to show for his hard-earned money invested over all those years. <<
You make a good point - the system is unfair to those who die young, yet do you see Wall Street as a solution to this problem? Would it be best to just get rid of the payroll tax and let people do as they wish with it?