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re: Young Americans Turn Against Boomers Over Social Security
Posted on 1/7/24 at 8:17 pm to LSUvet72
Posted on 1/7/24 at 8:17 pm to LSUvet72
The young Generations will never see a cent they are paying into this system, it’s broke in a few years, and the choices to save the system, at that point will be to print( and watch inflation skyrocket) , or raise taxes even more, and continue to Ponzi scheme can kicking….for only a few more years. Which means anyone in their 20’s and 30’s will never probably see a cent of that money…
6
Posted on 1/7/24 at 8:19 pm to CamdenTiger
quote:
anyone in their 20’s and 30’s will never probably see a cent of that money…
I feel that way and I'm X-gen.
Posted on 1/7/24 at 8:26 pm to CamdenTiger
quote:
The young Generations will never see a cent they are paying into this system, it’s broke in a few years, and the choices to save the system, at that point will be to print( and watch inflation skyrocket) , or raise taxes even more, and continue to Ponzi scheme can kicking….for only a few more years. Which means anyone in their 20’s and 30’s will never probably see a cent of that money…
We'll see.
When I was in high school our government teacher guaranteed us that it would long be insolvent by the time we got there. I'm 53, so it could collapse before I get there yet, but they don't seem to mind continuing to print money to keep it up, so it just depends on how long that can hold up.
Posted on 1/8/24 at 12:47 pm to CamdenTiger
quote:
The young Generations will never see a cent they are paying into this system, it’s broke in a few years, and the choices to save the system, at that point will be to print( and watch inflation skyrocket) , or raise taxes even more, and continue to Ponzi scheme can kicking…
Why is it a Ponzi scheme? I mean I paid into it for may years and then I got old enough to draw from it?
Posted on 1/8/24 at 9:13 pm to CamdenTiger
They been saying it would run out of money for 40 years. You want to see a Revolution, do away with it without giving people their money back while paying for wars, illegals and welfare.
Posted on 1/9/24 at 4:30 pm to CamdenTiger
quote:
The young Generations will never see a cent they are paying into this system,
Yes they will.
quote:
it’s broke in a few years, and the choices to save the system, at that point will be to print( and watch inflation skyrocket) , or raise taxes even more, and continue to Ponzi scheme can kicking….for only a few more years. Which means anyone in their 20’s and 30’s will never probably see a cent of that money…
You have no clue how Social security works and have bought in to the fear mongering from both parties.
Posted on 1/10/24 at 10:25 am to CamdenTiger
quote:
The young Generations will never see a cent they are paying into this system
This is false. The SS system will become solvent through the simple expedient of raising the retirement age. That's what is inevitable.
It might be true that the SS system gets replaced, but the young folks will eventually get checks from SS or whatever replaces it.
BTW, I am 61, and when I was 18 people were saying that young people would never see a cent...blah blah blah
This post was edited on 1/10/24 at 10:26 am
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