Everyone receiving Social Security retirement benefits has had at least 40 years to prepare for the day when they decide to no longer work. They have had 40 years of decisions regarding their own personal finances. They have had 40 years of opportunities to decide whether to save and invest or whether to spend and enjoy. Those who mostly spend and enjoy end up with less savings at retirement than those who mostly save and invest. Arguments can be made as to which path is the best to follow, but I believe the path followed should be determined by the one doing the walking; not anyone else.
Where is the morality in requiring a 19-year-old, who is working the second shift in order to pay college expenses, to make payments to the retired millionaire? Where is the morality in requiring a single mother, who is working a second job in order to support her family, to make payments to the retiree who spent their working life spending and enjoying?
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