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You clearly didn't read the article, the entire point of the article was that richer folks consume more benefits than those that are not, when accounting for co
by aioprisan 9y ago
You clearly didn't read the article, the entire point of the article was that richer folks consume more benefits than those that are not, when accounting for contribution levels.
- jeffdavis 9y agoMy reading of the article is that benefits are higher for wealthy, but when you account for taxes paid, they are "more even handed". Did I misinterpret something? EDIT: I think I did misinterpret something. When you account for taxes paid, I think it is still well on the progressive side, rather than being even. May be moreso in the future, because it's pay-as-you-go.
- anthony_romeo 9y agoI apologetically admit to only a fair skimming of the article (enough to get the gist of it), but at the time observed that it didn't really delve into the requirements/benefits for Social Security and how that's a factor (beyond brief mention of "income inequality" and one of the eligibility requirements). Going back and reading in full detail, I noticed that the article didn't really discuss possible solutions to the problem. My broader point was that a lack of modernization in how benefits are earned and paid out are reducing the payouts over-time for some of the poorest recipients of these sorts of programs. Giving subsistence income to the destitute helps to a point, but doesn't go far enough to really elevate one's standard of living to one which substantially increases health and reduces stress. Someone earning only $900/month probably isn't going to pay $100 for blood work and an x-ray as often as they should.