Social Security
The year is 2054 and I am seventy years old. I remember when I was young enough to pay social security tax. I was a young man that believed in the government and that I wouldn't be taxed if it wasn't for my own well-being. I had dreams of retiring with my children having children of there own. My wife and I would buy a small house just for us and we would spend the remaining days of our lives in comfort. But I will be moving in with my son soon. He is building an addition to his house big enough for my wife and I. Luckily I saved enough money through the years on my own to help my son with the burden of having us live with him. He acts like he is happy to help and he probably is, but I just wish that our situation could be different. I want my son to be able to live his own life with his new wife and soon to be born child. If only I wasn't taxed so much on social security in the first place when it was around. Maybe I could have used that money to better my future instead of paying for someone else's. How many hours of my life did I waste working for someone else's paycheck?During the Industrial Revolution and The Great War time period
Taxes were collected for the first time in January 1937, lump-sum payments were made that same month. " -- August 14, 1935 The President said it himself "A law which will give some measure of protection" How much protection does the average population need? Studies conducted by the Office of the Chief Actuary reveals that twenty percent of older Americans defined as age sixty-five and older rely on there Social Security benefits to provide one-hundred percent of there income. Social Security is carrying out its promises but it's no better than a lower income family that lives a rich lifestyle due to there credit cards. He also made the point that though such a transition to Social Security could cost around two trillion dollars, the cost of waiting any longer would be much greater. After the fall of the USSR we became and remain the one real Superpower on this planet. He was thought of as a do nothing president. Additionally the average life expectancy is on the rise and doesn't show signs of declining nor slowing down. So before its too late let's make a change. However since our country is use to this "protection plan" I am willing to start slow. I suppose I better hope that they make a good living because much of my financial future depends on there decisions instead of mine. As an American I believe that we should be able to deny Social Security tax, it's our money and it doesn't need to go to someone that didn't earn it. If you take a look back in the history of the program it got up to around ten workers per beneficiary. We've seen time and time again on his committed to the Global War on Terrorism. In 2018 benefits owed will be more than taxes collected, and Social Security will need to begin tapping the trust funds to pay benefits.
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