“If these richest boomers were not distributed social security checks the system would be solvent for the next century.”
These ‘rich’ boomers have kept the system afloat. All the money I had withheld resulted in earning only about 1% based on my monthly check. And I am being taxed on 85% of it.
And those withholding were not tax deductible.
These ‘rich’ boomers have kept the system afloat. All the money I had withheld resulted in earning only about 1% based on my monthly check. And I am being taxed on 85% of it.
And those withholding were not tax deductible.
I agree with you the 'system' is a crock. I don't defend it at all. FDR sold a gullible country a bill of goods.
I'm just explaining that it can be made solvent if we don't pretend we can afford to write welfare checks to people in the wealthiest cohort of society.