General Discussion

Sekhmets Daughter

(7,515 posts)

9. I'm not sure poor people take SS early....

Reply to liberal_at_heart (Original post)

Sun Dec 30, 2012, 02:13 PM

Dec 2012

it is a big cut in benefits to take it early. I think those who take it early are people who have some other income as well, not all of whom are wealthy. The wealthy use SS to pay for things like their membership fees at the more exclusive golf courses here in Palm Beach County. I took SS early, which had not been my intention, because the job market was so bad here I couldn't find anything that didn't entail ripping off old people over the phone...in bound sales, aka "customer service" But taking it at 62 rather than 66 meant a 25% reduction in my monthly benefit. I have a modest pension, but I am far from wealthy. I know someone worth $100+ million, who takes 3 month cruises and collect his SS benefit because "WTF, I paid into it." The rich can never have enough. We seem to forget that in our dealings with them.

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are there any proposals to reduce SS benefits to the wealthy? [View all] liberal_at_heart Dec 2012 OP

Lindsay Graham has put Sekhmets Daughter Dec 2012 #1

They paid in, the contract should be honored. Downwinder Dec 2012 #2

in theory I agree with you liberal_at_heart Dec 2012 #4

I don't think there is any proposal to end their benefits, Sekhmets Daughter Dec 2012 #11

I'm curious meanit Dec 2012 #29

I think I am slated for age 82. Downwinder Dec 2012 #30

Social Security income is pretty much reclaimed in full from the wealthy. Loudly Dec 2012 #3

What is substantial investment income? n/t Sekhmets Daughter Dec 2012 #12

It is not very much and it is not just investment income but any additional income one might get. Bluenorthwest Dec 2012 #17

I have a modest private pension... Sekhmets Daughter Dec 2012 #24

Wealthy To The GOP Is Anyone Making Over $30,000 A Year TheMastersNemesis Dec 2012 #5

Are there any proposals to reduce the gap between rich and poor? leftstreet Dec 2012 #6

Lot's of proposals for "means testing." Hoyt Dec 2012 #7

I hope not, because there shouldn't be. It's not welfare. lumberjack_jeff Dec 2012 #8

I'm not sure poor people take SS early.... Sekhmets Daughter Dec 2012 #9

my father and father in law both took it early liberal_at_heart Dec 2012 #10

There are always exceptions, of course. Sekhmets Daughter Dec 2012 #16

no, no additional income liberal_at_heart Dec 2012 #18

Whoa... Sekhmets Daughter Dec 2012 #25

They paid into it and are just as much entitled. duffyduff Dec 2012 #13

it's being discussed because they want poor people to starve while the wealthy use liberal_at_heart Dec 2012 #15

Social Security is one of the most popular government programs mythology Dec 2012 #31

Aw, that's sweet but uninformed. First the GOP says YOU are the wealthy. Are you? Bluenorthwest Dec 2012 #14

They pay their membership dues with their SS benefits, and laugh about it. Sekhmets Daughter Dec 2012 #19

They get taxed on it as part of their high income. mainer Dec 2012 #20

Well, Obama only wants them to pay a "little bit" more in taxes forestpath Dec 2012 #21

Reagan ProSense Dec 2012 #23

I hope not. Cleita Dec 2012 #22

Speaking for myself Turbineguy Dec 2012 #26

I'm against anything that chips away at benefits. limpyhobbler Dec 2012 #27

Social Security's technical name... Jeff In Milwaukee Dec 2012 #28

SS is already means tested buzzroller Dec 2012 #32