SS is NOT a pension, and wasn't supposed to be ever. It was, as far as I understand, supposed to be a supplement to retirement savings. It has however, become many peoples sole retirement income, while the COLA goes up, the contributor pool decreases. Primarily because the investment involved only returns 1% or less over the course of years...We'd be much better off had we just put the money in the stock market and taken our chances...Oh, and don't give me that crap of the recent crash BS. The market has traditionally paid out over 8% even with the downturns.Now SS: here's how a pension system works: what you contribute; dependent upon agreement / law, is what you take out when you meet the age requirements etc... The Central States Conference of Teamsters Pension Fund is way underfunded - because - population wise, the number of contributors is / was relatively small compared to my group: The Western Conference of Teamsters. I will be long gone, as will my family when that fund comes close to running out. The Central States has suffered massive layoffs and closures do to predatory competition. Therefore, there are a much smaller number contributing members; paying on those who are drawing....
No, the two are separate. Unless the government is investing in the stock market with our money, and only giving us the scraps...Which I know you know better...Try as you might Jet, you are projecting an anti capitalist screed that would in real world realization fail miserably....We may not have a perfect system in this country, but it is among the best in the world.Now, does it occur to you that there are much fewer people paying into the SS system, also due to predatory practices and Wall Streets need to control those funds so that -they - can skim a nickle off of every dime that passes through the system. I know you now what capital means, so I won't go into that. But have you noticed the heavy marketing of private retirement savings against a backdrop of huge unemployment in this country.
Maybe you need a shower?Smelling a rat? I am.
Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.
Alexis de Tocqueville