I voted no. First off, I currently earn more than the SS income cap so I pay a smaller percentage of my income into the system. Second, I think the system is important. I believe it serves as the sole source of income for about 1/3 of current retirees. I'm not saying that's a good thing, but it is reality. Third, though I fully expect SS to be significantly different by the time I retire (I'm 43), I don't expect it to disappear. I think most likely I will see a reduced benefit compared to the current level, but I'll still get a monthly check.
Finally, as noted in the other thread, SS is not an investment plan. It is an insurance policy, an annuity basically. And it provides benefits beyond those given to retirees, including survivor benefits when a spouse or parent dies and disability benefits.
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Steve
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