Mulligan
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 3, 2009
- Messages
- 9,343
cb7010 said:What exactly might happen if we don't save SS? What if it was just phased out I think people would keep more of their earnings to invest over the course of their working years and families would take more responsibility to care for their elderly parents.
I'm not that old; but, I wonder what happened before SS was dreamed up in the 1930's? And, what about all of the places in the world today that don't have a SS system? I just don't recall hearing about older people dying in the streets.
The census data coming out today, probably reinforces why there is some need for government to save people from themselves or from us being taxed even more. Household net worth of Hispanics $6 k, Blacks $5k , Whites was more at $120 k, but hardly impressive either. Not making this a race thing, just an example of how many people live hand to mouth and cannot accumulate wealth to live off of whatever the reason may be. Not a big government guy, but in safety net terms of SS, this is proof of the need for it. The people on this forum regardless of race or gender probably have considerable more household wealth than the averages reported in this report. I understand your thought process, but the family unit structure from a hundred years ago is gone. Careers have moved people all over the country, divorce more prevalent, single parent families with no support from missing parent, etc. Not saying what did it or whether it's right or wrong, but it would be pretty difficult to return to that structure now.