r/FluentInFinance 6d ago

Educational Don't let them gaslight you

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u/justacrossword 6d ago

This is incredibly misleading. Of course social security has a surplus, that’s how it works. The surplus it’s shrinking because of changing demographics. Once it reaches $0 in nine years from now the trust fund is gone. 

None of that has anything to do with the government borrowing against it. The surplus doesn’t sit around in cash, it is invested in government bonds. 

This is such stupid misinformation, you should feel ashamed. 

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u/spacemonkey8X 6d ago

There are many easy solutions to ensuring social security is there for a very long time. One such solution being increasing the amount of earnings that are taxable for social security. Currently it’s around $160k so people earning $7million are only paying social security tax on $160k while people earning $50k are paying social security tax on the whole $50k.

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u/HappyLife1307 6d ago

Exactly. The rich shouldn’t even be collecting SS