There is no “trust fund” as you would have it, or a “lockbox” as Gore would describe it.
OMG! I might be short on Social Security payments that I never thought would ever come through for me in the first place! Stop the presses! THAT is certainly an inducement to continue paying payroll taxes at a high rate - because otherwise they might stop paying out Social Security that I never wanted, and will almost certainly never receive!
A “debt swap” is as meaningless as myself owing myself ten thousand dollars.
That is the point!
The dollars all go into the general fund and are spent out of the general fund.
That is false but irrelevant. Not sure why that matters to you.
There is no “trust fund” as you would have it, or a “lockbox” as Gore would describe it.
That is the freakin' point! Accounting wise, there is. But functionally it is irrelevant as stated above eleventy-hundred times.
OMG! I might be short on Social Security payments that I never thought would ever come through for me in the first place! Stop the presses! THAT is certainly an inducement to continue paying payroll taxes at a high rate - because otherwise they might stop paying out Social Security that I never wanted, and will almost certainly never receive!
You are so myopically intent on something [although I'm not sure anyone knows what] that you fail to see the point that I and many others are making. See, we all already know that SS payments are not sacred or secure anywhere. We all already know that the fund would never be there for us in the first place.
What you SHOULD see [but don't, yet] is that the SS component of this issue is irrelevant. What is relevant is that there will be even MORE redistribution now from income tax payers. Good luck. I've tried all I can.