I keep posting that SS and Medicare are separate accounts but again you keep saying they are the same. So here are the two funds descriptions that say they are separate and restricted to just their described uses. Only the income taxes of SS benefits get to go to Medicare.
The operation of these programs is by the government but in the case of SS we pay for it ourselves.
So it is not a socialist type of operation for our paying it. It can be called socialist if you count the government started it. But these and a few other items that seem to be socialized does in no way make the US a socialist country at all. And that is the concern of many, having the US go the way of a true socialist country.
As these programs are now set up they can be changed at any time, and SS likely will in a few more years. SS does not cover everyone so again it is not purely socialist. Non working wives, like mine, will not have much money from her few short working years and the residual of mine after I die. Better than nothing. We should expect no better as we need the incentive to go about and work when we are young and build our own savings for older years.
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https://www.medicare.gov/about-us/how-medicare-is-funded/medicare-funding.html
How is Medicare funded?
Medicare Trust Funds
Medicare is paid for through 2 trust fund accounts held by the U.S. Treasury. These funds can only be used for Medicare.
Hospital Insurance (HI) Trust Fund
How is it funded?
- Payroll taxes paid by most employees, employers, and people who are self-employed
- Other sources, like income taxes paid on Social Security benefits, interest earned on the trust fund investments, and Medicare Part A premiums from people who aren't eligible for premium-free Part A
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http://www.ssa.gov/news/press/factsheets/WhatAreTheTrust.htm
What are the Trust Funds?
The Social Security trust funds are financial accounts in the U.S. Treasury. There are two separate Social Security trust funds, the Old-Age and Survivors Insurance (OASI) Trust Fund pays retirement and survivors benefits, and the Disability Insurance (DI) Trust Fund pays disability benefits.
Social Security taxes and other income are deposited in these accounts, and Social Security benefits are paid from them. The only purposes for which these trust funds can be used are to
pay benefits and program administrative costs.
The Social Security trust funds hold money not needed in the current year to pay benefits and administrative costs and, by law, invest it in special Treasury bonds that are guaranteed by the U.S. Government. A market rate of interest is paid to the trust funds on the bonds they hold, and when those bonds reach maturity or are needed to pay benefits, the Treasury redeems them.
How is Social Security Financed?
Social Security is financed through a dedicated payroll tax. Employers and employees each pay 6.2 percent of wages up to the
taxable maximum of $118,500 (in 2015), while the self-employed pay 12.4 percent.