Dating back to when I was in my twenties and beginning my career, I remember folks saying that Social Security would not be around when my generation became of age. I also remember the rants of the elderly…”I’m afraid Reagan is going to take away my Social Security,” I’m afraid Bush (referring to George H. W. Bush) is going to take away my social security,” and I’m afraid Bush (referring to George W. Bush) is going to take away my social security.” It seemed like the very mention of Social Security or any kind of change to the program brought reactions from the elderly. After having to listen to these rants all of my life, I made a pledge that when I got older I would never act like this.
Now that the baby boomers are reaching Social Security age, we’re hearing more and more rants about Social Security. A young libertarian on a panel of 5 on a Fox News Saturday morning show indicates that she thinks Social Security should be eliminated because it’s not fair to take money from someone young and poor and give it to old people who don’t need it. Then all of a sudden Fox News is an advocate of eliminating Social Security, according to liberals. I watched the video of these segment several times and from my observations, it was a dis-jointed discussion where opinions were floated, but no one had a chance to explain and conclude their opinions.
For all working Americans who have contributed to Social Security, there is not an envelope in a large vault with your name on it containing the money that you will receive when you become Social Security eligible. If this is news to you, I have some swamp land that you might be interested in purchasing located in Louisiana. As I indicated earlier, the baby boomers are reaching Social Security eligibility age and there’s a lot of them. Following the baby boom years, there was a decline in births which means less and less people are working and paying into Social Security. Furthermore, the economy is very sluggish with many people who would normally be paying into Social Security out of work or working in low paying jobs. This doesn’t make for an optimal situation and everyone who will reach Social Security eligibility age within the next five to fifteen years should be concerned about what benefits, if any, they will be receiving. I’m concerned. That’s why I’m working 14 hours a day seven days a week, trying to create some wealth so I won’t have to depend on Social Security.
A Democrat strategist on the same panel I mentioned above indicated that she would be an advocate for a system where those becoming Social Security eligible would have the option to opt-out of Social Security if they had income and assets to live out their senior years. This was a Democrat, mind you. If a prominent Republican/conservative had said something like this on the Sean Hannity Show and Sean agreed, I can’t imagine what the liberals would have done. They went ballistic when Michelle Fields, one of a five member panel, threw out an unpopular idea and claimed that Fox News was advocating the elimination of Social Security. I don’t know what liberals would have done and frankly I don’t want to know.
Several months ago, there was a photograph being circulated on Facebook by Occupy Democrats. It suggested that a group of millionaire and billionaire businessmen were advocating eliminating Social Security. Of course, a number of my liberal friends went nuclear. Did they do any research on this? Of course not! The subsequent research that I did indicated that this group of well-heeled business men had suggested that, in order to save Social Security, the retirement age would have to be raised at some point…a far cry from advocating the elimination of Social Security. When I pointed this out, one of them actually thanked me for doing the research.
As my generation reaches Social Security eligibility age, it looks as we’re going to be no different that our predecessors who whined that Reagan, Bush I, and Bush II were going to take their Social Security away. Unlike previous generations, my generation has Internet and social media and with Internet and social media, reams of information have been put out there, some accurate, some not.
I’m sure that I’m preaching to the choir when I say this. If you see something out there that is not accurate, point it out, no matter what the point of view. So many times we roll over. But before you take issue with something or share something that you like, take a few minutes to do some research on it. It may save you some embarrassment later.
If you’re a baby boomer who is approaching Social Security eligibility, don’t believe everything you see on social media. Again, research it before you pass it along and get upset.
I’m concerned that Social Security might not be there for me and I’m also concerned that the government, may, at some point, come in and tell those of “means” that they are not eligible to draw Social Security because they have enough assets to last them the rest of their life. The money they contributed will therefore go to someone else who actually needs it. So, what do we do? I suggest work hard and make every effort to create some wealth in order to diminish your chances of having to depend partially or totally on the government for your livelihood, no matter what your age. I know this sounds like an extreme concept and liberals are going to come at me with…”You mean you want people to work!” Call me anything you want, I’ve probably been called it before.