Is Social Security Bankrupt?
In your closing argument, you do our readers a great service. Nobody who has read this exchange should fear any longer that Social Security is going “bankrupt.” At no point have you countered my explanation of the purposes and financing of the system. Rather, your position is that Social Security is a bad deal: People could get higher pensions if they invested for themselves. And Social Security is bad because it’s a government program: It restricts individual freedom, by taxing people. I still don’t see how what you see as a defense of freedom can possibly condone forced savings accounts, which is essentially what you recommend as the alternative. But it’s important that readers understand that the problem with Social Security is not that it won’t be there for them. The question is whether they should want it. I have tried to explain that “it” is not a personal investment. It is a program in which each generation guarantees a minimum retirement income to the people who raised them. Th
Related Questions
- If an individual receiving social security retirement insurance benefits was hired as an employee of a state or political subdivision after March 31, 1986, are the services performed by the individual for the state or political subdivision subject to the medicare tax?
- Why does Christian City need money? Doesn’t Christian City receive money from the government or insurance companies?
- Is Social Security Bankrupt?
