Talk of The Villages Florida - View Single Post - Should Social Security and Medicare Entitlement Ages Be Raised?
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Old 11-04-2022, 02:48 PM
MandoMan MandoMan is offline
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Quote:
Originally Posted by billethkid View Post
for those of us who paid into it all of our working lives, do not view it as an entitlement..........I am not word nit picking.....in this day and age, entitlement is very much abused and misused.
IMHO!

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That’s the word used in the document. In this case it means you are entitled to it BECAUSE you paid into it. Don’t think of it as a dirty word. You are entitled to it, so be careful about letting politicians take it away. I think I paid a total of around $180,000 in Social Security FICA tax over my working years, and so did my employer. So what I paid I’ll get back in six years. What my employer and I paid, I’ll get back in about twelve years. That money was borrowed by the government, I think, as bonds, so it earned interest. Some. Lots of people will die before they get everything back. Some won’t. So it goes.