Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Would This Plan Help the Economy ?
[CPA] This is quite perplexing.. ......... .........
Thursday, July 2, 2009 3:05 PM
From: "Jan B." <pipersmama@yahoo. com>
Social Security 2009
IT DOESN'T MATTER IF YOU ARE REPUBLICAN ORDEMOCRAT!
Propose this in 2009:
START A BILL TO PLACE ALL POLITICIANS ON SOCIAL SECURITY
SOCIAL SECURITY:
(This is worth reading. It is short and to the point.)
Perhaps we are asking the wrong questions during election years.
Our Senators and Congresswomen do not pay into Social Security and, of course, they do not collect from it.
You see, Social Security benefits were not suitable for persons of their rare elevation in society. They felt they should have a special plan for themselves. So, many years ago they voted in their own benefit plan.
In more recent years, no congressperson has felt the need to change it.. After all, it is a great plan.
For all practical purposes their plan works like this:
When they retire, they continue to draw the same pay until they die.
Except it may increase from time to time for cost of living adjustments. ..
For example, Senator Byrd and Congressman White and their wives may expect to draw $7, 800,000.00 (that's Seven Million, Eight-Hundred Thousand Dollars), with their wives drawing $275, 000..00 during the last years of their lives.
This is calculated on an average life span for each of those two Dignitaries.
Younger Dignitaries who retire at an early age, will receive much more during the rest of their lives.
Their cost for this excellent plan is $0.00. NADA!!! ZILCH!!!
This little perk they voted for themselves is free to them. You and I pick up the tab for this plan. The funds for this fine retirement plan come directly from the General Funds;
"OUR TAX DOLLARS AT WORK"!
From our own Social Security Plan,which you and I pay (or have paid) into, every payday until we retire (which amount is matched by our employer),We can expect to get an average of
$1,000 per month after retirement.
Or, in other words, we would have to collect our average of $1,000 monthly benefits for 68 years and one (1) month to equal Senator Bill Bradley's benefits!
Social Security could be very good if only one small change were made.
That change would be to
Jerk the Goldn Fleece Retirement Plan from under the Senators and Congressmen. . Put them into the Social Security plan with the rest of us
Then sit back......
And see how fast they would fix it!
2 Answers
- Ralph TLv 71 decade agoFavorite Answer
Do you really think the politicians would sink down to our level of retirement?
They get to vote themselves a pay raise when they were only to get a per Diem plus other benefits that were provided by the government.
- Anonymous1 decade ago
Social ecurity = scam because its a government run pnzi scheme and likes all ponzi schemes it will run out of new investors. Abolish it, people should save their own money or work until they die, its not the tax payers job to subsidize government employees