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To: Qui is

I am not sure you understand how social security is actually funded !

The working generation’s social security taxes pay the social security benefits of the previous working generation who are now retired. See https://www.ssa.gov/history/ratios.html
In 1940 when this graphic starts there were 159.4 workers paying in per one retiree receiving. In 2013 that ratio has shrunk to 2.8 workers paying in per one retiree receiving. I find it interesting that SSA has not updated that graphic. As long as those ratios are high the system sort of works .The current ratio must really be bad ! This is why many people call it a legal Ponzi scheme. Also another problem with the system is with our lengthening life spans thanks to modern medicine you can end up taking out far more then you put in. Consider Ida May Fuller the first SS recipient (She was in the news reels - big news splash !) Ms Fuller filed her retirement claim on November 4, 1939, having worked under Social Security for a little short of three years. During her lifetime, she collected a total of $22,888.92 in Social Security benefits and paid in $24.75.
Least you think I’m making this up here’s her wiki link https://en.wikipedia.org/wiki/Ida_May_Fuller
There have been tens of thousands of Ida May Fullers (Maybe 100s of thousands !). No wonder the system has problems. It was deliberately set up this way by the financial geniuses of FDR’s administration to make generations more dependent on each other and guarantee future Rat votes. The financial industry warned the FDR geniuses that the system would eventually crash and that it needed to be on a firmer financial footing, but no the FDR geniuses didn’t listen. They were lawyers and from Harvard, reality will bend to their will. Another thing you always hear people claim “Its my money !”. Actually it isn’t ! There have been at least 3 federal court cases saying you have no property\ownership rights in the money. If it was your money you would have property rights in it. It would be among your assets of your estate and you could pass it to your heirs. You can’t !! Bottom line is its actually a tax, like any other tax. The government demands it, takes it and funds the system and borrows from it.(Which makes the whole shaky thing even more unstable !)

I am pretty sure Medicare is funded the same way but I haven’t proved it to myself yet ! I think how the SS systems was funded and set up was what was behind Roberts reasoning on allowing Obami-care. (SS did pass Constitutionality challenges!) More bad law & the Constitution more intellectually tortured to make it fly !

Really government has been misrepresenting SS for some 70+ years. Rats love that the public won’t pay serious attention to it (Meaning they won’t really try to understand how the system works !) and that people for the most part have swallowed its misrepresentation hook line & sinker. Republicans know its a vote loser to talk reality about it. So the SS system sails on until it crashes as all such systems (Ponzi) do !


55 posted on 10/06/2021 6:02:47 PM PDT by Reily
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To: Reily

Great summation. Thanks.


66 posted on 10/06/2021 6:44:10 PM PDT by Qui is (Biden spews and Harris swallows.)
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