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This entire problem is caused by the elderly, the greediest component of the American society.
What???????? I cannot COMPREHEND this statement. Also, If you feel that "elderly" people over a certain income limit shouldn't get the benefit, then they should have the right to a full refund of all taxes paid paid into SS.
Should someone who has a pension that provides them a retirement of 3x the poverty level receive a government funded retirement?
Well yes, yes they should. If they have paid into the program they have as much right as any other to collect.
You are right about 1 thing. SS is a lot like car insurance. I only pay it because I am forced to do so. Both are huge scams. I have NEVER had an at fault accident. So, why does my insurance always go up? What does my credit rating have to do with how I drive my car? What does my marital status have to do with it? It is a huge scam and I have been wasting money on it for 29 years, just about the same amount of time I have been getting scammed by SS. So, yeah they a lot in common.
I've never had a car that was totaled in an accident. I'm lucky in that regard. I do, depite the fact that I have been driving for decades without a major accident still pay auto insurance in case I do. Social Security should be the same way.
Renegotiate? I never got to negotiate in the first place. Given a choice, I never would have agreed to this stupid program.
This sounds like a great way to screw up the one thing in our modern era that actually benefits people. Of course everyone wants to renegotiate it now.
This entire problem is caused by the elderly, the greediest component of the American society. They “paid into the system” Its “my money”. All of that is rubbish. It is a page out of the playbook when folks died at a much earlier age and folks did little if any investing. The notion that regardless of how well off you are, you are entitled to a benefit is a dog that ceased barking a couple of decades ago.