Us boomers were the ones being ripped off by social security taxes all of our working lives allowing politicians to buy the votes of our parents and grandparents. Social security is a lousy return compared to a private investment yet we were forced into it. It needs to end but in a manner that phases it out as retirees die off. Essentially, social security amounts to government ownership of the elderly.
For Boomers, SS is a lousy investment.
For everyone younger than that, it’s straight-up theft.
The money retiring Boomers are getting right now is directly stolen from younger people, who are all but guaranteed to see nothing at all.
And the money that was taken in taxes? Long since spent, by politicians elected by Boomers. Who now perversely get to recoup those taxes plus extra, from people who never got a say in the matter at all.
The Boomers will be known to posterity as the Worst Generation - thieves and liars who fed upon their own children and grandchildren.