RE: Values
- Date: Thu, 20 May 1999 16:05:34 -0400 (EDT)
- From: Michael Jones <powderfinger99@yahoo.com>
- Subject: RE: Values
<<<
Response to question #1: That America's disabled and retired
(age 65-67+) workers and their dependent survivors are assured a
minimum monthly "Social Security" income, beyond any personal
income, to afford basic food, clothing and shelter and Medicare
premiums, deductibles, copayments and medically necessary
over-the-counter and/or prescription medication with only the
poorest and sickest(not those who have cleverly disposed of their
assets to qualify for Medicaid) without immediate family able or
willing to help financially having to rely on Medicaid and other
such public and private charitable assistance.
>>>
>From this explanation it sounds like a great program. For those
people who take advantage of the insurance benefits it can be
a life saver.
But, the vast majority of the beneficiaries receive benefits
based upon their own contributions. It's not welfare! They
paid into the system and should get a benefit. The question to
ask: Is the benefit reasonable for the amount of contributions
comparing it to other successful private retirement programs?
The answer clearly is NO.
Michael