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Originally Posted by lurkette
I don't have any problem with scaling benefits based on income - I think it's probably necessary, and is in keeping with the spirit of the social security program: providing retirement benefits for those who need it. But I'm a commie  and have no problem with wealth redistribution. |
Just (semi) kidding:
Is your idea of wealth redistribution this:
<img src=http://groups.msn.com/_Secure/0SQAdA4oVNRQNeDlLUwkvOLITV4daDDTR9OFESZqhQXMQDorwMrlf0DBMC84pmtnOllqmXonoyBTSgn8nZoImO6NIMoxdDSDagFuy*!qdnJF2cy3qT9P8Og/avatar14013_1.gif?dc=4675520751094596558></img>
========================><img src=http://groups.msn.com/_Secure/0QgAdAwMUgaBoPZWO*oP*!gv8cdODWTDEJ7JeVE*pygX*w02NPgIQ0AfYXiuuX2SdfsLHqDgeOzTMfJ8cLI7U4LOGpg!BeZJRgT58*m90DkE/images.jpg?dc=4675520751813112772></img>
(EVERYONE ELSE)
Or this:
<img src=http://groups.msn.com/_Secure/0QgAdAwMUgaBoPZWO*oP*!gv8cdODWTDEJ7JeVE*pygX*w02NPgIQ0AfYXiuuX2SdfsLHqDgeOzTMfJ8cLI7U4LOGpg!BeZJRgT58*m90DkE/images.jpg?dc=4675520751813112772></img>
(EVERYONE ELSE) ========================><img src=http://groups.msn.com/_Secure/0SQAdA4oVNRQNeDlLUwkvOLITV4daDDTR9OFESZqhQXMQDorwMrlf0DBMC84pmtnOllqmXonoyBTSgn8nZoImO6NIMoxdDSDagFuy*!qdnJF2cy3qT9P8Og/avatar14013_1.gif?dc=4675520751094596558></img>
I find the lower scenario is much more common among those who favor wealth redistribution.
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I am torn about privatizing accounts - on the one hand, I don't have any illusions that I'm going to see a penny of my contributions to SS. It'd be nice to have some control over that money and invest it where I wanted, and KNOW that I was going to see some return. However, I already have a retirement account. I'm taking care of myself. If that money goes to help someone like my grandma pay her expenses now, and I never see any of it, I guess that's all right with me.
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Would it also be all right if some of that money goes to help my mother as well? Because that's the way the system is working now. In fact, in a few years, we're going to have two people contributing their money to support every one recipient.
Personally, I'd prefer a system in which I can choose my investment vehicle, AND pass the remaining funds on to my kids and grandkids, instead of giving it to the feds the instant I die.
They, of course, got themselves out of the SS system quite a few years ago.