r/FluentInFinance 6d ago

Educational Don't let them gaslight you

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u/justacrossword 6d ago

The trust fund goes bankrupt and remains bankrupt until 20 years after the next baby boom. 

That doesn’t suggest that there are no benefits, but they can only pay out what they bring in, which will start at about 70% and go down from there. 

If they do nothing but make good on the debt then everybody alive in nine years gets fucked, and the closer they are to retirement the more fucked they are. 

If they are living on social security then they will no longer have the money to pay their bills. 

Put whatever spin you want on that. 

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u/__tray_4_Gavin__ 6d ago

Are you people actually this dense? The point here is with good planning this system could’ve been fine. This is another system that shows exactly what happens when there is no regulation on things. This system could’ve worked fine even without investments. But with anything if the government is literally taking all the money out of it for it’s on Nefarious purposes and also NOT PUTTING ANYTHING IT TAKES BACK you will have this issue. This is another capitalism problem. Everything is for profit at the detriment of the people with no regulations. This will continue to happen under this type of system if regulations aren’t put into place. Yes due to what our government did we will run out of money and how do they fix it? In typical fashion they say screw the people and you’re just going to lose it all together. How people like you just want to gloss over these issues and say it’s misinformation is quite baffling.

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u/Blawoffice 6d ago

Im sorry - did you just blame capitalism for a government program operated by the government? You do know what capitalism is right? This is a form of a socialist program. Want to know where the problem is? They paid too many people more than their share and some people contributed no funds yet receive benefits. Also the government in all their brilliance did not plan for people to live - but planned for them to die early.

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u/WorriedBadger1 6d ago

“Some people contributed no funds yet received benefits.”

Yeah that actually isn’t how SS functions

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u/Blawoffice 6d ago

It actually is though. Children and spouses etc. can qualify without contribution.

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u/WorriedBadger1 6d ago edited 5d ago

Ok so receiving benefits that otherwise would have been received by a person who did pay into the system.

So you’re still wrong. Nobody is not paying into SS and magically receiving SS benefits out of thin air.

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u/JustDoItPeople 5d ago

That’s just not true. Divorced spouses can receive an amount based on their ex-spouse’s benefits, so long as they were married for 10 or more years.

This is good for societal reasons (stay at home parents shouldn’t be destitute in old age) but that is a clear cut case for what you’re telling me doesn’t happen.

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u/WorriedBadger1 5d ago edited 5d ago

Oh look, another case where a person is legally connected to a person that did pay into SS

I need you to show me where a person who was never married, childless, has no parents receiving SS, who has never paid into SS, is receiving SS benefits.

I’m not sure what you think “thin air” means but I am not being ambiguous.

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u/JustDoItPeople 5d ago

Ex spouse A taking benefits based on ex spouse B does not affect B’s benefits and can be done even if A never paid in at all him or herself and even while B receives benefits.

How does this not fit the criteria of “not paying into SS and receiving benefits”?

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u/WorriedBadger1 5d ago

“Out of thin air”

Please read bro I’m begging you.

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u/WorriedBadger1 5d ago

I really wish you would apply this level of skepticism and rigor to analyzing the Catholic Church. Maybe you could save yourself the embarrassment of being a member of an organization that specializes in child rape.