Word: ares
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Dates: during 1980-1989
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That honor goes to the regressive, unfair system of payroll taxes that pays for those benefits. All wage-earners in America are required to kick in 7.51 percent of their earnings (the FICA tax) to the Social Security system. Even those workers who are so poor that they are exempt...
The most obvious problem with Social Security is that elderly Rockefellers are just as entitled to benefits as poor widows. Even Ronald W. Reagan, who made a career of blasting free loaders on the dole, recently applied to get his $800 per month.
What's worse, the Rockefellers actually get higher benefits than poor retirees. This is in keeping with the fiction that Social Security benefits are just a repayment of the individual's contribution.
Liberals also insist that keeping the rich on the entitlement rolls is a political necessity. It is true that many wealthy senior citizens would not support the program if they did not benefit from it. But by bribing the rich for their support, liberals are hurting the very group they...
For someone with no other income, Social Security benefits are shamefully low. The maximum retirement benefit is only $6492 per year. And wealthy retirees are far more likely to receive this amount.