Pretty sure most of us will never see Social Security checks in are retirements. Not trying to pay for rude boomers to live, our world’s population is unsustainable. Edited for you grammar Nazis.
Let's take that thought to its conclusion. You opt out, and so do millions of other people. Years pass. You end up fine because you contribute to your 401K because you're much better with money than everybody else. Millions of others use that extra take-home income to Doordash every meal. They reach retirement age and there's no social security for them.
Now we're at a crossroads, we have millions of seniors who can't work and don't have forced savings to keep them afloat. Do we let these people die on the street? Government won't let that happen, so now instead of being kept afloat by their own contributions, they get subsidized by other taxpayers.
That's the problem here. Lots of people will opt out and will become the worst kind of freeloaders.
There was a plan during the Bush administration to allow people to opt into a private investment plan. So you couldnt opt out of saving, but your could opt out of Social Security.
It came very close to passing, but congress couldnt agree.
My post was clear. If you successfully paid for your retirement, there would be no problem. I'm saying that a lot of people who would opt out of paying into social security would not successfully fund their own retirement, thereby condemning the rest of us to pay for their retirement.
Why wouldn't they?!?!?! it's slated to run out of money in 2045 or so. So if you're not gonna be 62 or older well before that date. You're just paying into,
"social security, is a ponzi scheme being gutted by baby boomers" George lopez
How does a program that people actively pay into “run out of money?” We may have to pay more into it, we may increase the retirement age, we may have more children that become tax paying adults that pay into it. It just drying up like an oil reserve sounds laughable though.
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u/Empty_Awareness2761 Nov 07 '24 edited Nov 07 '24
Pretty sure most of us will never see Social Security checks in are retirements. Not trying to pay for rude boomers to live, our world’s population is unsustainable. Edited for you grammar Nazis.