Social Security isn’t simply money that Boomers took from Gen Z. Older Americans generally paid Social Security taxes during their working years, and benefits are determined by a statutory formula based substantially on lifetime earnings and years of covered employment.
Calling that “stealing” changes an economic description into a moral accusation.
What you stated is. not a fact. It is a perception. I have paid into SS over 45 years at high levels. When I start to recieve some back it is not stealing.
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“GenZ has rightfully picked up on the fact that old Americans steal from young Americans and Social Security is the vehicle, the “how”.”
Look,
We all know that Social Security is a Ponzi Scheme. That is not new information.
Yes, we all have paid into it *some*. But we aren’t just going to receive back *some*, we aren’t just going to receive back our money and only our money. We will end up receiving other people’s money.
The “other people” - the victims, are perfectly and legitimately aggrieved by this. They are, actually, in fact, victims here. They are. 100%. This is not arguable. They are victims.
They shouldn’t lose their money any more than you should lose your money but the fact that you couldn’t give a damn about anybody else’s but your own is precisely the problem we face with GenZ.
GenZ is not wrong. And that’s why they aren’t stopping. They’re not wrong. Why should people who are correct have to stop? That’s a ridiculum.
GenZ + Margaret Thatcher is once again proving the old addage of the problems societies face when you start running out of other people’s money.
And dammit FDR did this to us. It was only a matter of time before his whole system caused a generational war; old fighting young. The young generation who gets pissed about being stolen from, and the old generation who says they deserve it based on what they paid while simultaneously ignoring the portion of the paybacks which are not legitimately yours. If you are receiving someone else’s money then the fact is you’re receiving too much money, not what you paid in.
FDR did this. The old vs young war is here.