the-pi-guy said:
"Up until now, Social Security has been a windfall for many retirees: They collected far more in benefits than they shelled out in taxes." So clearly at some point it was working. As for the bold, I don't think we know that for certain. "When it comes to Medicare, however, virtually all Americans are getting far more than they pay in taxes, which is 2.9% on all of one's income, not including the new 0.9% surtax on high earners. The couple turning 65 in 2010 paid a scant $122,000 in Medicare taxes, but can expect to get $427,000 in benefits. And that pattern isn't reversing any time soon ... the spread actually widens for future generations."
Looks like it's working pretty darn good. |
Yeah you know until the ratio of old people to working people was high and the funds were raided by the government to pay for other things. Just because something works in one time period does not mean it will work perpetually. The Societ Union worked for 70 years until it all came crashing down. Fuedalism worked for hundreds of years.
Who was talking about Medicare? That is an entirely different system with entirely different problems.







