In response to Robert L. Samuelson’s opinion column on the elderly: When anyone is looking at what is spent on Social Security and Medicare, what they don’t look at is the income from Social Security and Medicare.
The military has no offsetting income. Infrastructure does have the gas tax. Social Security/Medicare is second only to personal income tax for federal income.
The Social Security/Medicare taxes on income are way ahead of corporate taxes. Two-thirds of corporations in America pay zero federal income tax. Corporate taxes used to be 4 percent of federal income, today they are only 2 percent of federal income, meaning workers have to pay the taxes for the corporations.
These same corporations manage to get taxpayer subsidies (corporate welfare) out of our politicians. Yes, there needs to be a few changes to Social Security. If our politicians were as smart as the people working at life insurance companies, they would know they need to gradually increase the age for receiving Social Security from 62 to 65 years old, as people are living longer. Our politicians just sit on their hands and do nothing.
I don’t know about Medicare, but I do know Social Security is still paying its own way. If Medicare isn’t paying its own way (Medicare income versus Medicare expenditures), then changes need to be made. Doing nothing is not an option.