-=> Kurisu wrote to Bf2k+ <=-
Ku> Let's see, working from back to front, no one said your SS funds should
Ku> go to someone illegal (again with this illegal thing being brought up
Ku> by those responding to me and not by me, so very telling) and something you
Ku> and your ilk need to understand is that, by the nature of how SS
Ku> had been paid out for decades on end, you aren't getting *your* money
Ku> back when you *do* collect SS, but the funds allocated to you and
Ku> everyone else will be from the pool of currently collected SS taxes,
Ku> since that's just how it works -- the taxes you paid back over the
Ku> decades when to people then.
Ku> Additionally, let's be clear that if you do retire late for max SS
Ku> payout and you live a good while after that you will very likely wind
Ku> up getting more in SS than you paid into the system, to which, were I
Ku> to use your regressive logic, I would have to complain about since you
Ku> didn't pay in that amount that I, still working, would be providing in
Ku> taxes paid.
My response would be that so long as you paid your required amount in for
the required length of time, you should be considered part of the system
and entitled to the benefits of it.
If you didn't you shouldn't -- sounds like maybe we agree here?
This is how most retirement systems work... by the time you retire, the
monies you are getting paid are usually dependent on those still paying in
as the money you paid in is long gone by the time you retire.
One thing that SS didn't really account for, as best as I can tell, is
human longevity increasing. Back when it was thought up, most people were
probably not living that "good while" to get paid more than they paid in.
Something else that SS -- and many retirement systems -- didn't account for
is that they could be raided by those administering the systems to cover
budget shortfalls. Many state-level government retirement systems have run into
this problem over the years... Illinois and Kentucky being two fairly well-known
examples. Kentucky reversed the trend and has been working on shoring theirs up
(while also making retirement requirements more difficult
on newer hires)... not sure what Illinois ever did.
Many private employer's just declared bankruptcy or went flat broke and
their former employees got shafted.
... Pass the tequila, Manuel...
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* ScorpioBBS * Project Scorpio TEST
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