You're on the wrong site.
Socialism is that way ----> to DUh. Have fun.
I think SS should be means-tested.
You’re on the wrong site.
Socialism is that way ——> to DUh. Have fun.
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No, SS is actually socialism. When was the gov’t supposed to involve itself in our retirement accounts? If you get out more than you pay in (aside from capital gains such as you would receive if your investment went up in value)you are receiving wealth from someone else. The Dems have resisted calling SS welfare, but that’s what it is. It’s time to stop the lying & treat it that way.
There is no basis in law for calling SS a trust fund or giving any legally enforceable claim to future benefits. It is also not some sacred inter-generational promise since future generations were not even alive when the promise was made. It also is not due and payable because you were promised by some politician that it would be there for you. If you have a problem with that then look up the person who made the promise and make him pay.
At some point the amount of taxation (not contributions) needed will exceed what the workers are willing to pay or the economy can absorb and then changes will start.
So, start with means testing so that we can define SS for what it is WELFARE. Then cut off benefits after a date say 20 years from now. In reality its what most people under 50 expect anyway.
Until then be grateful for every dollar you collect.