General Discussion
In reply to the discussion: Getting old? Senior discounts you must ask for. [View all]mntleo2
(2,657 posts)....this was thanks to Reagonomics who jacked up the SS taken from our paychecks. Believe me that hurt a lot while raising a young family at that time. But supposedly it had to be done to prepare my generation for our own retirements because we were going to be eligible in much larger numbers than our parents or children. This was done to protect our children from having to pay as much as they would have. No other generation has had that burden.
So in essence we have at the very least partially paid for ours, and seeing the inflation, age discrimination for work, the loss of many Boomer's housing, which they THOUGHT would be their "egg nests", and so many other things, perhaps this was a good thing for us AND the next generations.
The truth is that the cap should be lifted and the rich should pay a higher amount. If their incomes are over $108,000 a year, they pay zilch, nada, absolutely nothing. But instead of being so greedy because, well, THEY have a secure future, to hell with the rest of us, this would take care of the "problem" for generations to come.
So Dear, unlike any other generation has, we Boomers have already paid into our own funds. This is why it is $Trillion of dollars in the black. PLUS there would be even more in there if the Republican Congress would keep their filthy mitts off of "borrowing" against it, which they have no intentions to pay back. This was the "lock box" issue Gore ran upon that was ignored.
Cat in Seattle <---who unfortunately has a l-o-n-g memory because my own kids suffered greatly while I was working McJobs and we were losing a heueueuege part of our income because of this.