Talk of The Villages Florida - View Single Post - Social Security
Thread: Social Security
View Single Post
 
Old 08-30-2020, 09:11 PM
Stu from NYC Stu from NYC is offline
Sage
Join Date: Feb 2020
Posts: 15,237
Thanks: 1,261
Thanked 16,233 Times in 6,356 Posts
Default

Quote:
Originally Posted by retiredguy123 View Post
Allowing people to opt out would end Social Security. Do the math. The system is designed so that high income people get ripped off for the benefit of low income people. So, if you can opt out, the high income people would opt out, and the system would collapse. Social Security is a cleverly designed welfare program.
Not so sure but not going to happen.

The best way to fix it IMHO is to raise the retirement age so as to balance people paying in and payments going out with the realization that as we all live longer and longer retirement age would have to be indexed to longevity.