General Discussion
In reply to the discussion: Should rich people receive Social Security benefits? [View all]Honeycombe8
(37,648 posts)Once full benefits age is reached, though, everyone is entitled to get back what they paid in (or at least start to get back what they paid in; some will get more, some will get less). I, personally, think that's fair. SS is a type of retirement plan, which every participant ultimately gets back, whether he needs it or not. Like any other retirement plan. It can be argued that the employer's tax was factored into the participant's wages/salary. It would be like a union pension plan denying benefits to participants if they had another source of income after retirement, or wouldn't get ins. if they signed up for Medicare. The pension plan is a right of payment that was factored into their wages during their working years.
If you change that, it's no longer a retirement plan. It really does become an entitlement program for the less advantaged. It would be much easier for Congress to privatize it at that point, IMO, since a lot of people would support it.