ginwilly
Well-Known Member
Unfortunately it's true but it doesn't change the fact the age should raised. SSI was initially pitched to the country as insurance, not an entitlement. It's even named that way. Back then not many people remained productive after the age of 65. Life expectancy was shorter by a few years but more importantly, productive life expectancy was MUCH shorter back then. I think we had 13 workers per 1 recipient (not sure, but close) back then and it's closer to 2 to 1 today.A raise on the cap & age just demonstrates a lack of due-diligence committed when establishing SS. This lack of due diligence just gave millions of baby-boomers the exclusive right to retire earlier off the backs of the generation below them. It's quite a simple concept to grasp. Unfortunately you're either unable to grasp such a concept based off sheer ignorance, or simply do not want to acknowledge the exploitation of such alterations in SS, based on what's stated above.
It was not supposed to be the retirement plan entitlement it's turned into, it's an insurance plan in case you live long enough to where you can't make a living anymore. Raising the cap doesn't make sense based on the intent of SSI but raising the age absolutely does.