I paid far more into Social Security over a lifetime of working than I’ll ever get back from it.
I resent Obama’s CUTS of social security these past two years. Yes, I know, he didn’t call them cuts. He said there was no inflation, so therefore there would be no adjustment.
That is a bald-faced lie. Just go down to the supermarket and buy food if you want to know whether there is any inflation or not.
Also, so far, my doctor continues to keep me on. But he gets paid practically nothing for it, because medicare has been cut severely. The practical result of that is that a lot of doctors are no longer taking on older patients. But at some point, they may have to drop some of their current patients, because they lose money every time they see such patients.
And, yes, I have paid a lifetime of insurance premiums, and medicare deductions since they were introduced.
Some retirees continue to pay taxes on their investments and pensions. Medicare is not ‘free’. Premiums are paid every month and claims for benefits are subject to deductibles and coinsurance.
Employees and employers were forced to contribute to Social Security. People are postponing retirement, or continue to work parttime into their 70s, often using group medical insurance first and Medicare as secondary payor.
Social Security was enacted in 1935. Everyone between the ages of 65-75 who started working at age 20 has been contributing for 45-55 years. It’s their money!!!!