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At 62, the hedge fund manager is eligible for social security, on top of the capital gains he's been living off of comfortably for the prior 27 years. The Wal-M
by lr4444lr 11y ago
At 62, the hedge fund manager is eligible for social security, on top of the capital gains he's been living off of comfortably for the prior 27 years. The Wal-Mart employee may never be able to afford to stop working because of the penalty on income over the minimum. That's how the system is set up.
- pc86 11y ago> They already DO get SS for fewer years, and are forced to pay into it for more years, because wealthy bankers can afford to retire earlier than people who live paycheck to paycheck. The Wal-Mart greet is not forced to pay into SS because of the hedge fund manager's wealth. The fact that one person can retire early does not exacerbate the financial problems of someone else.