Posted by MarkB_MI on September 08, 2013 at 01:05:41 from (75.219.186.73):
In Reply to: Re: Grand Theft posted by LAA on September 07, 2013 at 21:14:46:
If you're suggesting the reason Social Security is automatically deducted from your pay is that people wouldn't voluntarily buy it, you are correct. The whole point of SS is for everyone to share the risk of becoming old and destitute. Put into the context of the thirties, when Social Security came into being, it would have been a hard sell to get people to sign up voluntarily, given that most folks were struggling just to keep their families fed. Life expectancy was about 60, and most people expected to work until they died.
I'll add that the demographics of the thirties worked better for SS than do the current demographics. The population was younger and people died younger than they do today. Hence we have the situation where there's not enough money coming in to keep the system solvent, even though plenty of people never collect a nickel from Social Security.
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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