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?
SS was running a surplus - more taxes collected than paid out - until ~2010.
Since then, every dime collected is paid out, and then some. The “Then some” comes out of the general fund.
You know, the general fund that borrows .42% of every dollar spent from the chinese.
One mistake that folks make, is that they believe in the myth of a SS trust fund.
The thing never existed - imagine you swipe your kids piggy bank, spend the money on booz, and replace it with an IOU, hoping you die before he notices.
That is the state of the mythical SS trust fund. The money is gone, the drunk died, either the kids pay it, or there is no money.