That’s where privatization comes in.That becomes your choice and leaves room for higher profit (and loss, presumably, for risk takers and those that have private funds to bolster retirement) to be kept from being “raided.”
If every penny of my current SS tax is needed to find current retirees, what will they do when I get to keep half in my own account?
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I didn’t see anywhere ever, that every penny is needed today - general consensus is that it is still funded for several more years...but in any event, your money would still be used, but through a higher yield investment vehicle, allowing your money to produce more, not less. Where have you read that the funds are exhausted?
Everything I have read says there is another 20-25 years before it is broke.
Not true? According to who?