Quote:
Originally Posted by smc
Humor us. Instead of dodging the real question that I asked, assume there are funds available when you retire. Now answer.
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I don't deal in the "what if" smc nor do I assume about alot of things. I deal with "what is most likely to occur". If I assume that there are funds available, it also ignores the possibility that I might be well off by the time I retire and won't even have to bother drawing SSN. What is most likely to occur is that there will be nothing for me in the future and I will work until I die. Anyone who thinks that they will be able to retire anytime soon is blind to reality. What is the point of drawing something that I cannot fully collect on? If I could draw all my money out from Social Security, then yes, I would. But getting a measly check that is barely enough to live on back from the fed when I am old and feeble and close to death is just a horrible fallback plan for someone who was too stupid to invest wisely for the past 40+ years. I have 40+ years to invest and save right, so no, I would not.
The people who originally put into Social Security are withdrawing more than they put in. This is something that will not be able to continue for long.
Why do you put so much faith in programs that are obvious wealth redistribution and have not provided much in return compared to the amount that is put into them? Social Security, welfare and all these other programs do not induce economic productivity. All they create is dependance on someone (namely the Fed) and punish the people who actually work and put into the system by forcing them to cover the costs. So why are you so adamant about programs that spend your money once it is taken away from you and then promise some of it back when you are near death?