Wouldn't it save the program if people that make over 200,000 a year, you should not get social security?
2006-10-25 06:11:14 · 4 answers · asked by MEL T 7 in Politics & Government ➔ Politics
Rightwing: You are incorrect there is a cap on paying in to social security at approximately $95,000.00. The rich do not pay a great deal more.
2006-10-25 06:19:39 · update #1
Social Security is not a savings account. You do not get the money, "because you paid in". The current workforce pays for the elderly. Since people live so much longer these days, they get MORE then they paid in usually.
2006-10-25 06:21:14 · update #2
Yes Social Security is something that paid into. In fact the wealthy pay far more into it than they will ever get back. And they definitely get less back than if they invested in a Mutual Fund
2006-10-25 06:14:49 · answer #1 · answered by Anonymous · 2⤊ 1⤋
You are correct on the wealthy not receiving benefits,however, they to paid in and it is their money. If a wealthy person had a reversal and found that they needed their benefits it would take forever to get them. I would also disagree with the statement about saving Social Security, the elected thieves would only steal more from the account as they have been doing. The American people should demand the people they elected stop stealing from Social Security and put back what has all ready been stolen.
2006-10-25 06:19:36 · answer #2 · answered by daydoom 5 · 0⤊ 1⤋
They SHOULD be able to get what they put in it or it just becomes another social welfare program. It was not designed as such and therefore should not be used that way.
EDIT - you get more because the government is using YOUR money to pay people at today's rates. People will have to pay more in the future to pay YOU. That's how interest and that stuff work.
2006-10-25 06:21:25 · answer #3 · answered by Anonymous · 0⤊ 1⤋
a little bit after their assets are siezed.
2006-10-25 06:14:19 · answer #4 · answered by Anonymous · 0⤊ 4⤋