- Joined
- Sep 16, 2012
- Messages
- 49,267
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- Location
- Tucson, AZ
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- Political Leaning
- Conservative
This is exactly how social security works now. My wages are handed to those who are retired.
This is how our entire tax structure works. Are high income earners using more government service than low income earners? No, it's the opposite, yet everyone gets taxed (and the rich get even higher rates than the poor).
Social Security is supposed to be an insurance plan, not an entitlement. It's Old Age, Survivors and Disability Insurance. Again, insurance. That's what the payments are supposed to be going to. You're buying government mandated retirement insurance. It's supposed to be a product to assist, financially, in retirement. It's NOT supposed to be a retirement plan in and of itself. Unlike a tax, the contributor to Social Security gets an individual benefit based on their contribution. Treating Social Security as a tax and an entitlement is the whole reason its in as much of a mess as it is right now. Adding to that mess is TOTALLY the wrong way to go about "fixing" it.