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#2
11-29-2007, 09:06 PM
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Re: Is there no one who can articulate the purpose of Social Security?
[ QUOTE ]
Someone, anyone, take a shot at it. natedogg [/ QUOTE ] Trying to anticipate and avoid as many of your nits as possible: Social Security is a government administered social program that may be amended from time to time, the purpose of which is to provide a mechanism for individuals to be provided with a core defined Joint and Survivor retirement benefit upon disability or healthy retirement, and which is to be supplemented by personal savings, insurance and/or other employer provided retirement benefts to maintain a total standard of living comparable to pre-retirement standards, and which is to be funded based on payroll taxes sufficient to provide those benefits. 
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#3
11-30-2007, 11:38 PM
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Re: Is there no one who can articulate the purpose of Social Security?
[ QUOTE ] the purpose of which is to provide a mechanism for individuals to be provided with a core defined Joint and Survivor retirement benefit upon disability or healthy retirement [/ QUOTE ] So the purpose of the Social Security plan is to provide a retirment and/or disability benefit? Why do we have a program to provide a retirement benefit? natedogg
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#4
12-01-2007, 09:44 AM
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Re: Is there no one who can articulate the purpose of Social Security?
[ QUOTE ]
Why do we have a program to provide a retirement benefit? natedogg [/ QUOTE ] From the standpoint of the government, they have already make the promise to provide all citizens with adequate income. It's also true that, by the government's measures of "adequacy", citizens in the US do not save "enough" in their working years to have "adequate" post-employment income. Government gets caught in a game where they hand money over to people during their working years so they have "adequate" income, the people spend it all, and then at retirement they come looking for more income. It's easier for the government to manage this game if they have one program dedicated to providing post-employment income because then they can focus the rest of their energy on the employed citizens, which is who they really care about because their first focus in on manipulating the economy (where retirees don't play as big a part in production).
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Hybrid Mode
