Thread: Social Security - Take it or leave it?

Originally Posted by honedright

No, I don't think that's it at all.

Refinement of the restatement:

If you're mugged, and later meet the mugger in more advantageous circumstances and he offers to repay some portion of the money he took, and he must mug another person in order to repay you, do you refuse it because you don't condone the second theft?

I think that better states the case.

It is still a false choice - because your decision to accept repayment does not affect his decision to mug that second person (he's already mugged that person by the time you catch him and the repayment offer is made). Or back to the actual question - your decision to accept social security payments will not affect the goverment's decision to collect SS taxes from your grandchildren.

Originally Posted by mparker762

It is still a false choice - because your decision to accept repayment does not affect his decision to mug that second person (he's already mugged that person by the time you catch him and the repayment offer is made). Or back to the actual question - your decision to accept social security payments will not affect the goverment's decision to collect SS taxes from your grandchildren.

Yes, I see your point

I personally have paid into my own super annuation since I began working at age 15, as I did not fancy the prospect of surviving on a meagre government handout when I retired.
Even our government realised over a decade ago that there will not be the number of people working in the future to support the aging population so they brought in compulsory super annuation, wether it,s with the company you work for or a private scheme is up to you. Basically they are telling you that you will be looking after your own retirement financial plans. They have also raised the mininum retirement age to 65 for people born after 1964 and also there is now no upper limit on retirement age. So if you can not provide for your own retirement you will proberlly have to just keep on working till you drop or quallify for a disability pension.
So in answer to your question, no I won,t be standing in line waiting for my subsistance cheque, I plan on doing more than just eating and sleeping when I retire.