Sadly, Social Security was an enforced contract, but it is NOT an unearned ‘entitlement’ by virtue of simply being a US citizen.
Benefits should be distributed only to those who have made contributions and proportionately so. Much like a private annuity.
Once again, the government has treated SS as a grab bag, by adding ineligibles to; and deducting funds from the design to render it actuarially dysfunctional.
So here’s a question.
You’ve got children. Is it right to steal from their paycheques? That’s where the money is going to come from.
Wouldn’t it be better to let them keep their money? It’s your kids that are going to suffer.
Just what needs to be understood. I have been bellyaching about this even though a SS recipient.I know of a case where the person had a small annuity from a company at retirement years ago. The return has been paying as much as SS. It is the time value of ‘money’ that seems to be a big difference through even times of ups and downs except when government people have their hands on the investment. In the latter case for reasons you point out and etc. your money becomes someonelse’s grab bag. Get SS back to what it was sold as i.e.nobody,man, woman, or child, gets to take out if they have not put in.