 | TeresaG (31)
04/02/2008 | Social Security was a great program, in theory. Unfortunately, all the money is being misplaced. I was with my dad when he was filing, and a large arabic family (no, I am not racist or discriminator, just happen to be in a LARGELY populated Arabic area), who had been in this country for 3 years, were collecting Social Security on the Welfare money they were receiving. What is wrong with that picture? As for all the comments on investing ~ great idea, but ~ my fiances PD is in charge of their retirement fund. He cannot touch it, he cannot move it to other investments, he has no say in anything. I can only see other companies taking, what was meant to be for Social Security, and investing as they see fit (actually, no different than what the Gov. is already doing). Although, technically, that may help the current economy.
(4 voted this helpful, 0 funny and 0 agree) |
 | luridlloyd (10)
06/13/2006 | Social Security is not supposed to be retirement planning. We can all invest privately all we want. We all can invest a certain ammount tax deferred. Social Security is insurance. This is a policy that, at least can keep us from starving, if all else fails. If we become disabled, we won't starve. I'm 44, and I don't want the rules to change after all this time paying. I want the insurance. 1) LOCK BOX 2) Tax FICA up to $150k. Problem solved.
(1 voted this helpful, 0 funny and 0 agree) |
 | louiethe20th (81)
06/09/2004 | Social Security was for retirees!!! Not lazy, worthless, bums who do not want to work! No wonder it is running out, too many taking out of the pot and not putting back!!!
I am all for letting those who choose invest their Social Security the way they see fit.
(2 voted this helpful, 0 funny and 0 agree) |
 | Jaws (10)
02/02/2004 | This has become a total joke. The concept was good but who is going to pay for it in the future? At first only a small percentage of the wage earners income was withheld for Social Security. Then when more people retired the tax was raised to offset the cost of the additional receipients. Then they were raised again and again and then employers were required to match what the wage earners were paying into the fund all because the costs of Social Security has grown out of control. FDR apparently didn't do the math when he introduced it. There is nothing you can do to fix it without pissing someone off. I would raise the age at which you could receive it to 75. People are living much longer now. I would also make the schools in our nation teach the students basic economics and how to save and invest for retirement. WHOA! We can't have americans taking care of themselves now can we? We're too stupid to do that. Let the government do that for us.
(0 voted this helpful, 0 funny and 0 agree) |
