Social Security is introducing a way for my Social Security account holders to access their number & card, digitally, so it is not necessary to carry around their Social Security card. Beginning this summer it will be possible to access the number in a secure manner for purposes other than dealing with the Social Security…
Acting Social Security Commissioner, Leland Dudek has voiced the agency’s full support for President Trumps memorandum “Preventing Illegal Aliens from Receiving Social Security Act Benefits”. The President’s memo directs SSA to take several steps to stop illegal aliens and other ineligible people from drawing benefits. Among those are investigating whether people over 100 years of…
Summer 2021 Newsletter STILL STANDING…AND PRACTICING I published the first issue of Social Security & You in Spring of 1993. Some years I’ve published more issues than others. The most recent issue was dated Spring 2019: over 2 years ago. The world was a much different place then. Especially for me. Read the full newsletter…
Spring 2019 Newsletter An Opioid Story I’ve changed his name. Let’s call him Gerald. He was a laborer. And by that I don’t mean that he just did physical work. He was a card-carrying member the Labor’s Union local. And that meant a lot to him. I represented him for Social Security disability and Michigan…
A popular conception is that Social Security benefits redistribute wealth from the better off members of society to those less well off. Indeed, Tea Party members call Social Security a socialist concept.
The Urban Institute issued a report recently contesting this assumption and asserting that the Social Security system actually redistributes money from the poor to the wealthy, which inevitably means from African-Americans , Latinos and other minorities to white Americans. Michigan has significant numbers of many of these groups, including African-Americans, Latinos and Arab-Americans.
The reasoning goes as follows.
White Americans live longer and have fewer offspring. So the SS payroll taxes paid by poorer Americans subsidize the fewer and wealthier members of society, since there are more paying, less drawing and the wealthy (white) Americans live longer, including those here in Michigan.
I addition, the payroll taxes paid to support Social Security apply only to the first $113,700 this year. So those earning more than that stop paying on the marginal income above that amount.
Interesting eh?
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