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re: Young Americans Turn Against Boomers Over Social Security
Posted on 1/7/24 at 8:20 pm to TrueTiger
Posted on 1/7/24 at 8:20 pm to TrueTiger
Social security is a total fraud on the American people and it always was. It is in no way any type of insurance or guarantee. It is a tax that is dumped directly into the treasury to be spent however the government likes. The idea that there ever was a trust fund is laughable, but even if there was, it’s all gone now. When you pay into social security, you are not pooling with others to cover yourself, in fact, you’re getting way less than you’ve paid into. Take into account inflation since the 30s, and you’re getting criminally ripped off. Never mind that it won’t even be available for my generation and we’re forced to keep paying the tax.
This post was edited on 1/7/24 at 8:21 pm
2
Posted on 1/8/24 at 2:15 pm to DyeHardDylan
quote:
Social security is a total fraud on the American people and it always was. It is in no way any type of insurance or guarantee. It is a tax that is dumped directly into the treasury to be spent however the government likes. The idea that there ever was a trust fund is laughable, but even if there was, it’s all gone now. When you pay into social security, you are not pooling with others to cover yourself, in fact, you’re getting way less than you’ve paid into. Take into account inflation since the 30s, and you’re getting criminally ripped off. Never mind that it won’t even be available for my generation and we’re forced to keep paying the tax.
SS is a tax that is put into an imaginary "Trust Fund." That fund pays considerably less interest than the rate of inflation. It's skimming scheme.
Posted on 1/9/24 at 10:52 pm to DyeHardDylan
Gigantic Ponzi / Mandatory Pyramid Scheme & Gen X will get fricked the worst.
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