Wow, I remember days of Republican administrations where we were supposed to be VERY concerned that Republicans would STEAL from Social Security....
Now, it’s like, “Look who doesn’t DESERVE Social Security!”
THEIR money that THEY paid into it.
“The bulk of the taxpayer money going to the richest 1% came from Social Security and Medicare, which provide benefits to retirees regardless of their income.”
Apparently it doesn’t matter that they paid into those forced Ponzi Schemes at their maximum level throughout life and the ROI is crap?
/johnny
I love the wording here...
“What’s worse is that this government transfer of wealth from working families to the rich has increased over the past three decades.”
Needs to be disclaimed at the source. Unless its true?
Its called a “progressive income tax” ...the process by which the rich, who can buy anything they want, buy a government.
Its why we now have an Oligarchy......We the People were conned into selling our country
I’m sure, if given the option, most of these people would have elected to get out of Social Security, when they were earning money. I’m middle class and 41 y/o...and I would jump at that opportunity.
But they couldn’t - they were roped in...and it is beyond immoral to suggest they shouldn’t reap the ‘benefits’.
As for Medicare payments...the existence of a ‘single payer’ system for people over a certain age in this country has exterminated the health insurance market for retirees. There is practically no other choice, other than self insurance. And, again, these people were roped in.
Looks like the class war is ‘on’.
When Reagan (who was eligable) began to collect his SS benefits he made it a point to announce it. His point was that he paid into it and has every right to collect it. The problem is on one hand that money is suppose to go into a “special fund”. But doesn’t. In reality it is a tax which goes into the general fund.
This is where Obama comes in and wants to reduce the “payroll contribution” to social security as a “payroll tax reduction”.
The government gives $10B to the group that gives the government $1000B?
...sorry, what was that claim about “not fair”?
Your social security payments area calculated according to your payments into the program, so DUH! Obviously the rich get more back, having paid more in.
Many lower-income people evade social security taxes (for example, by working on a cash-only basis). This is probably ignored in the analysis.
Many people collect after making the minimum contributions, and those people can make back their whole contribution in benefits within a few years, From then on, they are getting free retirement payments. I know several such cases, just within my circle of friends and family. It is a sanctioned, perfectly legal racket.
There also is SSI, a program added to social security long after its start, and not part of the original plan. This pays support for people who get certified as unable to work for some reason. Many have minor mental or emotional problems, which thus entitle them to a life without working. I know several such cases, and it is incredible that these people do not work — yet they are draining the system. They live the lives of an independently wealthy persons, including travel, hobbies, sports, &c.
The Food Stamp program for years has been growing into another sanctioned rip-off. I notice this years ago, when I was a struggling young parent, shopping for groceries. A young woman in front of the check-out line was paying for her purchases with food stamps, and I noticed that she was buying bacon and other luxury foods which I was thriftily avoiding. It took all my self-control not to make some comment, such as “I hope that you enjoy all that stuff, because my family is paying for your luxuries.”
Another big scandal is the way we subsidize single-parent “families.” A woman who gets herself repeatedly knocked up is looked upon as an object of pity, and showered with government assistance. It is a subsidy for a low-efficiency model of child-raising, one associated with ignorance and crime. We are paying for it.
Eventually, all these government programs will bring about the collapse of our society — not just our economy, but our social fabric.
Here is comes folks. Means testing for SS and Medicare. We will get to the point where those who have prepared and saved for retirement will enjoy a functional retroactive tax as a reward for their efforts.
And the 99% are getting trillions.
So if mainly rich retirees pay into a forced system they shoudn’t receive any of the rewards?.
Shouds like democrats logic.
Every year 65% of Americans get $1.5 TRILLION fron the fed.
Let’s see, they are complaining about people who paid into a system getting money back out of that system as “unfair”, BUT I see not one word about people who pay in no income tax getting money from the government on the EIC. I wonder how many billions go out to people who claim this every year, year after year. Where’s the outrage from the MSM about that?