I have to take issue with your assessment of Social Security. Benefits shouldn't be scaled back for wealthy retirees, or any other retirees that have contributed their hard earned money into the system. Secondly, there isn't any reverse Robin Hood effect taking place. The government spent the "relaxed old" peoples hard earned money that was supposed to be there once they retired. This concept is no different then the people placing their money in an S&L for later use. In the case of Social Security, it???s the government that is the keeper of the people???s hard earned money. As you must remember, Social Security was setup for people that didn't save for their retirement. Since the government spent the "relaxed old" peoples money, now you expect the young working people to cover the misuse and mismanagement of the governments roll in administering Social Security.
Also eligibility age should not be raised gradually. Retirees should only be allowed to get out of the system up to the amount of money they put into the system while they were working (no more - but could be must less). Many will not even be able to get out what they put in - since their life span may be shorter than other retirees. No retiree that has put money into the system is entitled to an unlimited amount of money, or money that they didn't put into the system - no exceptions.









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