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Old 10-27-2011, 05:20 PM
cragger cragger is offline
Join Date: Aug 2007
Posts: 632
Default Re: Maybe this bit of income equalization...

This entire framing of Social Security as an "entitlement" paid through general taxation strikes me as entirely disengenuous. Handy no doubt to invoke an image of lazy whiners sitting around complaining that they are "entitled" to receive payments at the expense of working taxpayers. And more useful to those who want to get rid of the system than the common view that it is essentially a simple, efficiently run, portable contributory retirement system. One that is arguably more important now than ever in an age in which fewer people work for firms that provide retirement programs as part of their employment compensation, and in which people change jobs more often so that even those who have worked in part for such firms wind up with little to show for it in retirement due to vesting rules, payment formulas, and inflation; making the amounts due from those old employers that still exist when they retire negligable.
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