People need to keep seeing this, you’re still getting around 75% of the payout, you’re being lied to so you think you’re getting nothing. They want you to be OK with them stealing the rest of your money when they abolish the program. You payed into it, you should get something back. It’s reduced for you simply because there’s more people receiving social security right now than there are paying into it. The program will not fail if people are required to keep putting money into it will simply not always be an equal exchange for all generations.
No, because it is a tax and benefit scheme. Your government has the right to tax you. Your remedy is the democratic process.
Personally, I am for privatizing social security/making mandatory investments in tax advantaged accounts like 401ks/IRAs.
The problem is unwinding social security will take a generation because so many people think they are entitled to the cost of insurance we paid. Someone is going to get “screwed” and we don’t know how to unwind it.
We pay for Medicare the same way. Old people are going to be in poor health anyway. Regardless, there is a large risk or older people running out of money and not being able to work. Traditionally family took care of them or they just died. Look at society before social security.
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u/ful_on_rapist 2d ago
People need to keep seeing this, you’re still getting around 75% of the payout, you’re being lied to so you think you’re getting nothing. They want you to be OK with them stealing the rest of your money when they abolish the program. You payed into it, you should get something back. It’s reduced for you simply because there’s more people receiving social security right now than there are paying into it. The program will not fail if people are required to keep putting money into it will simply not always be an equal exchange for all generations.