"The knowledge and prudence of the poor themselves, are absolutely the only means by which any general and permanent improvement in their condition can be effected." - Thomas Malthus
And the notion that the first recipients didn't pay in is wholly irrelevant 75+/- years later.
He doesnt think of it as welfare because it is something he invested money into. It is something he has worked to receive. He explained that pretty well. He earned it. He didnt just show up at an office and say gimme. SS is not welfare.Quote Originally Posted by kenvin View Post
You dont want to think of it as welfare because you collect it and it would hurt your feelings, but the fact is that when the law was passed it was called welfare.
Thank you. That is exactly my point. It is just my own money coming back to me at a very low rate of interest or even negative interrest if my expiration date is as expected.
Kenvin, you can always find someone, somewhere to quote in support of your position, no matter the degree of reality. I will try to ask my father how that worked originally, but it's fair to say that the earlier recipients did not pay in much (or any). That is not relevant to most people though, unless you are over the age of 93 (my father is 100) so most of us have paid or are paying in the money we take out later.
Kenvin is very young and at his age, there is disbelief that you will ever see, or want, these enforced savings. I remember my attitude at age 18 - yeah, Social Security was going to go broke. It didn't, it won't and millions of us would be in real trouble (and on welfare) without it.
This isn't about hurt feelings. It's a discussion board where you can transcend your closed mind and learn something. Equating savings to welfare is something that exists only inside your your perception. How are Social Security savings any different that any other type of savings? I have savings in many forms, this is just one of them.
I'll take a guess that you are supported by your parents. Right? Does that mean you are on welfare? Of course not. I invested $180,000 into Social Security. I am now taking it back. Does that mean I am on welfare? Of course not.