Anyone who has received more in Soc Sec than what he paid in (plus a reasonable rate of return) is at that point forward a welfare recipient. Ditto Medicare.
When they decide to increase benefits for those who paid in little by taking from those who paid in more, it becomes a welfare system
Anyone who has received more in Soc Sec than what he paid in (plus a reasonable rate of return) is at that point forward a welfare recipient. Ditto Medicare.
Which makes VERY few Welfare recipients at least on the Social Security side. It is horrible that we only get an average of 1400 dollars after giving so much throughout our working years. I know I won’t get back what I put in. If you do, I quite frankly am glad that someone will that it least is conservative.
What do you think of life and health insurance?
I'm no fan of social security but it was sold as an insurance program and that is how many folks look at it.