It’s my money, Donut Boy.
Overt thievery of money forcefully taken from me that I will in all likelihood never see.
No it isn't. The government took your money, just like your other taxes.
Yes, This is just a just income redistribution under a different name.
“It’s my money, Donut Boy.”
Exactly! What needs to be done is for the Feds to “repay” the monies that they’ve stolen from the SS Trust Fund as a first step. SS is not an “entitlement, nor welfare,” it’s a “retirement plan” that’s been raided by the government. I am at least owed my own money back plus nominal interest on it. Screw Crispy!
Christie, keep your sweaty, fat fingers off of OUR money!
I have assumed for most of my working life that I will either be dead by the time I would have been able to collect what I paid into SS... or that there would be nothing to pay me back with. I think half of my generation believes the same thing.
Nope. Your Social Security is NOT yours.
In Fleming vs. Nestor the SCOTUS ruled that Social Security is an entitlement with a tax attached to it.
http://www.ssa.gov/history/nestor.html
Unfortunately, your money is long gone. It was given to your parents and grandparents almost immediately after it was collected from you.
Any money you get will come from your kids and grandkids.
Where was Christie or any other politician when I was forced to pay into Social Security out of my paycheck for over 40 years?
Yes, this is the problem... SS was never intended to pay out to anyone other than orphans and widows.... The payout age was 65 when the average life expectancy was less than that when it was introduced.... now folks live to 80, so it actually has to pay out to most everyone who pays in, plus those widows and orphans. Or in other words the pool can’t sustain its obligations.
However, the reality is, it was not supposed to be mean tested either, if you were lucky enough to live long enough you got your cash... its not supposed to be a tax, remember? the C in FICA means “CONTRIBUTION”.
To means test social security removes any illusion that it is just a tax. You Can fix the financial issues with social security tomorrow, just raise the minimal age for payout to 80.
The fact you are less likely to need social security is already factored into the system by the fact if you earn over a certain amount you stop paying into the fund after you hit that amount in earnings.... because you are clearly earning enough that you should not need to be forced to pay into a retirement system.
Exactly.
If I pay in to it, I have a right to get money out of it.