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Reply #234: Social security is financed by workers; the well-heeled pay more (total) going in; [View All]

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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-23-10 02:16 AM
Response to Reply #190
234. Social security is financed by workers; the well-heeled pay more (total) going in;
The less-well heeled receive more going out.

It was designed that way for a reason; so that it could not be demagogued as a "welfare" program that the well-off pay for but the less well-off primarily benefit from. That's why it's lasted 70 years: the longest-lived, most fiduciarily sound retirement insurance program in world history.

Welfare-type programs already exist, & are funded out of income taxes. Because the top 20% pay most of the cost of those programs, they are especially vulnerable to attack & cuts on that basis; as witness Clinton's welfare "reform". As witness the attacks on Supplemental Security income. As witness even the attacks on things like Head Start & WIC.

I don't want that to happen to Social Security.

The "reforms" being pushed are part of a long-term plan to destroy it. The most important fact about social security is: the supposed crisis is phoney; it's being hyped in order to herd the uninformed into supporting the "reforms" that will destroy it.
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