[Fai Mao]

“From each according to his means to each according to his needs”

The old need it. That’s socialism kid. Welcome the world your professor’s tricked you into voting for.

I have no sympathy. They young overwhelmingly voted for the Obamanation of Desolation.

[ansel12]

The young of today vote democrat.

The old people vote against the democrats.

[Avid Coug]

This brings to mind some of the interviews from the Occupy Wall Street event. Several wanted a government system that guaranteed them a comfortable living, even if they “made the choice” not to work. One young genius wanted to eliminate money as the panacea. The quotes were truly a treasure. I don’t think the author of this article was a favorite in that crowd.

[ought-six]

I’m 62. Just give me back every dime I’ve been forced to pay into this Ponzi scheme and I’ll call it even. And I won’t even charge interest.

[Uncle Sham]

"Obamacare" should really be defined as the bureaucratic extinction of the old dressed up as a "we care about the old" package.

Old people in this country were lied to by the media and their government their entire lives. Everything concerning those programs that imprisoned them were a fraud dressed as icing on the cake by design. It is only now that many have awakened to the truth that our very own government is, has been, and will be our biggest obstacle to regaining the liberty and freedom we were given by our nations founding fathers. Unfortunately for many, their misplaced trust in what their government and media have preached to them over and over has been abused.

I am approaching retirement age. I want social security abolished entirely. It is nothing more than government ownership of the elderly. The way to do this is simple. It must be done over a long enough period of time to be enacted in such a way that everybody wins something and gives something up in return.

1. Everyone currently on social security who actually paid into the system remains on the system until they die. Their cost of living increases would be adjusted as to amount and how often they occur. This means that over a four year time span, those who should never have been on the system in the first place, the real freeloaders, can receive a twenty-five percent reduction in benefits per year until they no longer receive anything and are off of the system.

2. Offer a one-time buyout to anyone within ten years of retirement such that they would be removed from the plan entirely and would never receive benefits. Their paychecks also would now be totally untouched by social security taxation making them an experienced, dependable, less expensive group of employees for anyone who hires them. This step alone would remove a considerable amount of future expense from the program making it a bit easier to manage as it is eliminated over time. Anyone who decides not to take the buyout will have to live with whatever adjustment are made to the plan in order to manage its cost. Whatever you borrow to fund this "buyout" will be easier to pay off and far less over time than having to pay the benefits they replace.

3. Those in the ten to twenty year range can be offered a smaller buyout or be stuck with whatever they end up with as the plan changes to contain cost.

4. Anyone over twenty years from retirement would be ineligible to receive benefits but their paychecks would still incur social security taxes until such a time as those taxes are no longer needed to fund paying recipients. Their net pay would rise as the number of those receiving social security die off. In a forty year time span, the program can be totally gone. This means that in twenty years time, you can get rid of social security and allow those who won't get it enough time to start saving for a personal retirement plan that THEY own, not the government.

Once this has been done, the real problem (the government itself, not the "old" people) will have been dealt with and permanently removed from the scene of the crime.

[kevao]

This wealth transfer to the elderly has been the trend. But the yutes got even with the seniors by voting for Obama(care). Once the Death Panel kicks in, the trend will reverse itself.

[Lancey Howard]

Give me back all the money I dumped down the social security rat hole my whole working life, plus compounded interest, and I’ll gladly bow out of the system. Otherwise, STFU and send me my social security checks. I got boat payments to think about. And casino vacations.

[Cronos]

Social Security, often presented as an investment in your future, is merely a wealth transfer from the young to old. Many youth today see the demographic writing on the wall and understand that, like all ponzi schemes, Social Security can't outrun arithmetic forever. Youth are forced to subsidize the lifestyles of the elderly which are typically far more lavish than their own with little expectation they will receive the same. It's outright ageism.

Very well said - it is a Ponzi scheme