bucky wrote:
May you live long enough to collect back SOME of the taxes you paid to support those that went before. Isn't that called paying it forward? Anybody with any job that worked 44 years as I did will never recoup the money they paid into SS and Medicare. That's on top of income tax BTW.
Hhhuuuuuhh??
I worked 4 years in the AF and 33 years in industry paying into Medicare, Social Security, and all other taxes ... as well as into an IRA. I've been retired for 13 years and probably DW and myself have already gotten back well into 6 figures worth of medical and social security benefit dollars ... and hopefully have a few more years of RV'ing left in us.
Medicare and Social Security have both been outstanding programs for us in our "old age". They're by no means all we depend on, since we also invested in an IRA while I worked - but I would have gladly paid more into Medicare and Social Security had I know how great they would be later on.
I'm all for those two programs. Do the math and figure out how much personal $$ you'd have to invest to equal the benefits of them if you were to live, say, 25 years longer after beginning to draw from them. In essence, Medicare and SS are at their core nationally based insurance systems with nearly the whole working population participating in them - thus making for a huge pay-in base to make the actuarial math work.
To call the elderly "leeches" for using these two great programs is both inaccurate and indicates some kind of inherent bias or bitterness.