Flame — HabitableZone

Flame » in reply to Then where is your "loss of confidence" information coming from?

Ask anyone on Social Security.
ER — (archived)

Or approaching the age where they expect to collect it.

The right has been conducting a propaganda campaign to discredit social security for years, we're constantly being told how it is on the verge of collapsing, while simultaneously any effort to fix it in congress is bitterly resisted. There are several reasons for this.

The well-to do don't feel they need it, so they resist paying for it, even though they pay a proportionally smaller fraction of their income into the system (due to the wage cutoff) than the poor do. Secondly, they see the amount of money going into government Social Security coffers as money that is inaccessible to the private sector as either consumer spending or investment capital.

But most of all, the idea that the working class has some independent protection in their old age against infirmity or catastrophe, and some income they can count on in their old age, makes them that much less dependent on washing someone else's car, shining someone else's shoes, or polishing someone else's balls, until they croak.

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