From Social Security to Food Benefits, It’s Welfare Gone Wild
Think this over: Social security recipients pay in to the system – no argument there, but what kind of system has people paying in, for example $200 a month for 20 years ($48,000) and collecting for example, $1500 a month (roughly) for 10 years or more ($180,000)? Th fact is that it takes x many people working today to ensure that the remaining money is available when you retire. So it is just not welfare, rather it is a pyramid scheme. There is no way for sufficient money to keep coming in unless the economy is constantly growing and the number of working people is enough to support those retiring. But when there is high unemployment, the unemployed ar not paying in. When people are living longer than the scheme forecasts, it takes a lot more money to support the longevity (and let’s not forget costs of living increases). Your father was an honest man. The system is dishonest, corrupt and unsustainable, because its original assumptions are no longer valid, and no adjustments have been mad to compensate for the changed assumptions.
