Social Security Insanity Syndrome
Posted by Andy on September 25th, 2006
Honest question:
How can current social security benefits ‘belong’ to the retired, but taxes being collected currently not be ‘belong’ to those paying it in?
3 Responses to “Social Security Insanity Syndrome”
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September 25th, 2006 at 10:00 pm
Think of a chain letter.
If you’re one of the first participants, you get a letter in the mail with $20 in it. You can hold it in your hand. It “belongs” to you.
If you’re one of the later participants (say, #150 through #98,329), the letter never shows up. You have nothing in your hands. Nothing “belongs” to you.
September 27th, 2006 at 11:14 am
You’re obligated to pay Social Security taxes, but you have no property rights to benefits. See Nestor v. Flemming (US Supremes).
September 27th, 2006 at 11:28 am
I thought this was one of them rights that was in the constitution?