Posted by Brad @ 2:25 pm on August 23rd 2009

Another Entitlement Poll Result

Specifically, 49% of respondents to a new Rasumussmen poll say people should be able to opt out of Social Security. 37% disagree.

A majority of people under 50 side with opting out, a plurality of those over 50 are the main disagreers.

Apropos of this, I got a social security statement in the mail this week, cheerfully informing me that 6.2% of my salaried income goes to social security and 12.4% of my self-employed income (which is a lot of my income)(adding 1.5% and 3% for Medicare respectively).

Included with this statement was another mailer, “Social Security and Young Workers”, which less cheerfully explained that Social Security starts paying out more than it takes in in 2014 and is insolvent by 2041. However, in the “Will There Still Be Social Security?” FAQ section, it helpfully informs me that yes, young worker, there will be. Because “Social Security is a compact between generations”, I can rest assured that I’m estimated, as of August 2009, to receive 78 cents on the dollar when I retire, maybe.

3 Comments »

  1. And that’s not factoring in the Coming Inflation Freakout.

    Comment by Rojas — 8/23/2009 @ 4:50 pm

  2. Lengthy Thimbles contradiction with excessive links in 3..2..1….

    Comment by Jack — 8/23/2009 @ 8:48 pm

  3. Well, 78 cents on the dollar beats out an Enron pension.

    Comment by Mortexai — 8/23/2009 @ 11:11 pm

RSS feed for comments on this post.

Leave a comment

You must be logged in to post a comment.