OK, ignorant one, you said this:
And, as insurance always does, it pays out, based not on how much you have paid in, but on the insured amount. See whether you can put your pea-brain in gear to follow a simple example.
Which clearly is wrong in this case, as I said this:
Many people (even stupid ones like Muffy) wonder how their benefit is figured. Social Security benefits are based on your lifetime earnings. Your actual earnings are adjusted or "indexed" to account for changes in average wages since the year the earnings were received.
So, clearly you are wrong - benefits ARE tied to career earnings and how much you pay in.
So, who is the ignorant one?
I'll spell it for you... M U F F Y
See whether you can get a third-grader to help you understand how SS insurance works, dipshit.
Social Security is insurance which pays a defined benefit if you qualify based on a minimum of 20 credits, which amounts to only about $45K in earned income over a lifetime.
Social Security pays out when you reach retirement age, or are disabled, or widowed, or a minor orphan.
If you meet none of those requirements, you get nothing, just like insurance.
Just like insurance, some pay in more than they receive, some receive more than they pay in. It's called, just as it is in insurance, "spreading the risk".
That's why it's called "old age and survivors insurance".
Now go away, Maggot. You're not only stupid, even worse, you're boring.

