Wednesday, January 1, 2025

Social security part one more to follow

There are a number of reasons why social security needs to be reformed and one important reason is rarely discussed, that being, it discriminates against Blacks and in particular Black males. A Black male at age 62 can expect to live 10.8 years while a White female age 62 will live for 22.9 years. A 25 year old person earning $40,000 per year can expect to get a social security benefit of $4,600 per month at age 62. This means the White female will collect $1.26 million while the Black male will collect $586,000. This discriminatory practice can be eliminated by privatizing social secuity.

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