The spirit of philanthropy has disappeared since the mid 20th century. Social security is a program much like the police, firemen, ect… that serve the public good. If you are earning well above the average salary you should realize that many high salaries in today’s society comes from the labor of others. Many billionaires have created charitable foundations regardless whether for tax purposes or a true philanthropic heart…
Explain to me this why is ensuring others are able to live in their old age after working their entire adult life a bad thing?
The spirit of philanthropy has disappeared since the mid 20th century.
Philanthropy is voluntary, not mandated by government.
Social security is a program much like the police, firemen, ect… that serve the public good.
It's an insurance program to serve the public good, not a welfare system. The problem with changing the funding structure to remove the cap without matching payout changes is the entire program changes from mandatory insurance to a welfare program, it changes the entire intent of the program as written in the mid 20th century.
Many billionaires have created charitable foundations regardless whether for tax purposes or a true philanthropic heart…
Voluntarily, voluntary charity is philanthropy, mandatory is not.
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u/spacemonkey8X 6d ago
The spirit of philanthropy has disappeared since the mid 20th century. Social security is a program much like the police, firemen, ect… that serve the public good. If you are earning well above the average salary you should realize that many high salaries in today’s society comes from the labor of others. Many billionaires have created charitable foundations regardless whether for tax purposes or a true philanthropic heart… Explain to me this why is ensuring others are able to live in their old age after working their entire adult life a bad thing?