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re: 56% of GOP voters want govt to pay more in monthly SS benefits/medicare
Posted on 5/15/24 at 9:34 pm to BCreed1
Posted on 5/15/24 at 9:34 pm to BCreed1
quote:
No it's not an entitlement. You are working under the impression that people have not paid in.
They have, it's their money. And that ends it.
I have already proven that people living longer is a BS argument. I posted per 100K the deaths of people that have paid in for 25 years plus and never collected a dime of that because the died before retirement.
You literally have no argument.
I quit trying to explain to these people who believe SS and Medicare are failing because the benefit payout is too exorbitant.
Millions of married couples have worked +45 years, with total earnings of $3-4 million, 15.3% of that total earnings was placed into a SS and Medicare "trust fund." That's $500-600k.
If a couple could have taken that money, invested it and made a 5-6% return annually, which is a very conservative growth rate when compared to the historical return of the stock market of nearly 9-10%. You're talking about many millions of Boomer couples having well over $1.5 million to use for their own private insurance and retirement needs.
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