Re: How to Fix Social Security
I just got a letter from Social Security today that said if I earn no more money for the rest of my life, I will be entitled to $560/month when I retire. If I continue to earn money until I'm 62 at this rate, I'll earn $680/month.
What? I'm 37. Twenty-five more years of rock-breaking is supposed to get me an extra $120? Screw you.
If the Federal Government offered people my age and younger the opportunity to opt out of the Social Security plan for 10% of what we've put into it, there would be a stampede of people begging for checks. Since that isn't going to happen, there needs to be means-testing for benefits. Not entirely fair, but it's like Social Security is a lottery, and it only pays out when you lose.
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There's nowhere to go but up. Or down. I guess we could stay where we are, too.
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