Quote:
Originally Posted by billethkid
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!
__________________________________________
 |
Social Security is a cleverly designed system to make low income people believe that they are funding their own retirement because they pay FICA taxes. So, they don't want to call it an entitlement. But, as the math calculation in Post No. 11 demonstrates, high income workers are actually funding the retirement income of low income workers, and receiving almost no benefit themselves. And, if you increase the FICA tax even further on the high income workers, the discrepancy will become even more skewed. But, yes, it is just a fine for being successful.