Social Security was meant to be a redistribution of income, not a retirement program.
The government takes money from the reserves. If the government were for the people, it would be investing the money in the stock market, but it isn’t.
If memory serves me correct, Social Security was a reserve fund. Then Congress needed more many and passed a resolution so they can raid it!
So true. People don’t understand that the payout has 3 curve points. 90% , 32% and a 15% ( I think). So for me, I get about 15 percent more than someone who paid in half as much. And about 25 percent more than some who pain in only on third as much. It is extremely regressive in its payout. Or is it progressive? Anyway, if you pay in the max, your cheated big time. All the liberals want to remove the cap and make it a fully in the light redistribution scheme rather than an in the shadow one.
If a politician would just come out and state they would kick the deadbeats off of SS and use the savings to increase benefits to those who paid, they would win big. Most older people think republicans are going to take their SS away. They don’t realize democrats have already given it away. That must stop. Then kill it.