JD, you are correct, self employed did not have to join, but I did say anyone that contributed on 40 quarters of income would qualify at 62 years old. Neverthless, I would have to ask why would, all those self-employed, farmers, ect that chose to never contributed to the system, believe they should collect anything from it ? When SS started out it was taxed 2% of income, half paid by employeer and half by employee. Now it is 15.5%, I think. You are correct that during the late 70s early 80s inflation was hi, but so were interest rates. SS contributions and benefits more or less kept up with inflation during that period. The biggest payroll tax increase ever was when they "saved SS" in the early 1980's. My grandpa, a farmer, retired in 1968 at 65 years old. He said it took him about 2 years to withdraw every thing he ever contributed to the SS system. He lived to be almost 98. He thought the inflationary period in the 70s and 80's were the good times. He had certificate of deposits paying 17 and 18%. e
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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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