Work ‘Till We Die (Social Security video)

[eridani]

http://www.eoionline.org/retirement-security/work-till-we-die-video/

The loudest calls for cutting Social Security come from wealthy CEOs who will never have to worry about their own retirement security.

The roughly 200 CEOs who collectively make up Business Roundtable — a business lobbying group that often pushes conservative views, including Social Security cuts — have average retirement savings of $14.5 million, according to the Institute for Policy Studies and the Center for Effective Government.

That’s about 1,200 times more than what the median American worker has saved for retirement a decade before the end of his or her career, according to the study. (That paltry amount is just $12,000, by the way, according to a separate report.)

But by simply requiring upper-income taxpayers to pay the same tax rate as middle-class families, Social Security’s benefits could be expanded — AND its funding would remain in balance for decades beyond the longest projections.