Originally Posted by sailorboy1
As the OP I understand the agurement. Basically it is whether ii is ethical, even if legal, to take the subsidy because I have savings.
I look at this in a simple way.
- How many years did you work?
- Did you pay taxes during those years?
- Did the taxes you paid cost your more than the benefits that you received?
- Add that all up.
- Subtract any benefits that you have received.
- Arrive at a final number that is hopefully near $0 when accounting for a conservative return on your money (paid taxes) around 5-8% on an annual basis adjusted for inflation.
My wife and I are in the top 10% of dual income
earning households and pay a load of taxes into the system for SSI, etc. Our employer ALSO pays a ton into the system on our behalf.
At 34 years older (and her at 30) we have a strong inclination that we will NEVER recoup what our employer, and we, have paid into the system for SSI, etc.
That being the case, I have ZERO ethical issue taking every penny we can get, within the law, no matter the situation.
Net takers, over a lifetime, are an issue (if they could otherwise work and not be net takers). Net givers are not the issue. It sounds like there are a lot of net givers on the other side of the hump chiming in here. All of whom, I have no problems with.