Word: socialism
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Dates: during 1980-1989
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SOME especially courageous politicians, such as former presidential candidate Bruce Babbitt, have suggested applying a "means test" to Social Security benefits. It's a good idea, but it isn't enough. Social Security's inefficient system of distributing benefits is not its worst flaw...
...reality, all current retirees get far more back in benefits than they paid in. The average Social Security recipient gets back his or her entire contribution, plus the employer's matching contribution, plus interest in less than four years...
...Congress took one limited step toward getting the wealthy off of the Social Security gravy train. Those recipients making more than $25,000 now must pay taxes on half of their Social Security benefits. But that isn't enough. Wealthy retirees should not be entitled to any government benefits...
Many liberals cry that limiting Social Security to those who need it will stigmatize poor recipients. But why should it? The elderly can never be considered "welfare free-loaders." They aren't expected to work for a living...
...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...