These days we hear and read a lot about "social security fund problem". I want to keep some of my view points regarding this issue. People like us who are living here legally in U.S.A.; for years, now are in travesty because of this “Social security fund”.
“Social security” is a fund earned by any individual during his job, and he gets the benefits of that fund (just like provident fund in India), in his old age. But ironically most of the people working as guest workers on H1 Visas eventually return to their home country.
I just do not understand as to why, the guest workers have to get deducted a specific amount of money from their salary as their social security fund. In most cases 90% of the guest worker has to return to his own country, either due to the expiry of visa or passport or they could not get the green card. Then why do we need to pay any amount as social security, knowing that we might never get the advantage of that.
I think having everybody pay social security keeps things simple. If we change our thinking to say social security is more like a social benifit fund rather than just for our own use, then it will make more sense.
ReplyDeleteWe don't want to get into discussions like, "I lived in this country for 30 years now I want to leave the country, give me all my social security back" etc.
What I am more concerned about is, the depleting of the funds. So, people who are paying social security, and who plan to live here their entire life, won't probably get a penny!