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re: Do you believe in Social Security choice?

Posted on 7/7/14 at 4:03 pm to
Posted by FooManChoo
Member since Dec 2012
42429 posts
Posted on 7/7/14 at 4:03 pm to
quote:

When I was in my mid 20s I thought about this a lot and believed opting out would an excellent idea.
Now in my late 40s, I see the wisdom in having younger generations supplementing my retirement one day. Soon you will understand.
I would wager most people would be more sympathetic to having their livelihood subsidized once they realized the benefits for themselves. But when you are the producer and not the consumer, you have a different perspective.

IRTT: I support SS choice but realize it would never work with a "cold turkey" approach. I would think it would take a few generations to implement a way where those new to the workforce would not be forced to pay a dime into the program.

And to be honest, I don't think we'll ever get away from it or any of the other "entitlements" without a cataclysmic event drastically changing the landscape of our society. Too many people have become dependent on the "generosity" of others through forced redistribution. I liken it to an animal raised in captivity where once released, it doesn't know how to survive on its own. We are spoiled rotten and many would have no clue how to take care of themselves if they really had to.
Posted by SpidermanTUba
my house
Member since May 2004
36129 posts
Posted on 7/7/14 at 4:33 pm to
quote:



IRTT: I support SS choice but realize it would never work with a "cold turkey" approach. I would think it would take a few generations to implement a way where those new to the workforce would not be forced to pay a dime into the program.


It would fail miserably the next time the stock market crashes. Millions old old people would become destitute and guess what? They'd have to rely on government assistance programs in a time when tax revenues are low. That's no good!

quote:


And to be honest, I don't think we'll ever get away from it or any of the other "entitlements" without a cataclysmic event drastically changing the landscape of our society. Too many people have become dependent on the "generosity" of others through forced redistribution.


Social Security Retirement Insurance is something I pay for. It doesn't require your generosity.



Though actually - in truth - I don't. I pay into TSRL.



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