Comment by mothballed
14 hours ago
I would agree that social security recipients tend to be the biggest welfare queens. They paid a bunch of people that are now dead. And think because they "paid into" one group of dead people, that now living other people now owe them. An exercise in the logic of the insane, but yet the veneer that holds up the fiction.
It's a broke and bankrupt system, a wise person might jump the ship well before that happens.
> They paid a bunch of people that are now dead
No, they didn’t:
https://apnews.com/article/social-security-payments-deceased...
You desperately need to diversify your media diet.
I believe he's referring to the fact that social security, despite being billed as essentially a "retirement account" type program where e.g. silent gen paid in and got out roughly the same amount, it functions more like a ponzi scheme.
This is a consequence of the fact that, when the program was instituted, Roosevelt wanted to immediately start paying out to some people. So, boomers (very large generation) paid for their parents (relatively much smaller generation, meaning small per-person bill).
Now millennials and zoomers (relatively smaller generations) are expected to pay for boomers (much larger per-person bill). Between that, the incredible spending of medicare, and the federal propping-up of the housing market, a huge proportion of the economy has been dedicated to wealth transfer to the olds, an unproductive class who will be gone soon anyhow.
... thhat is not what I'm saying. Im describing the system by which social security bizarrely says a different person owes you because you paid someone else, most of which will be dead by the time you 'draw' it 'back'.
Why is this bizarre? And the dead person doesn't "owe" anyone. The dead person paid into the fund, which is what pays people.
2 replies →
> It's a broke and bankrupt system, a wise person might jump the ship well before that happens.
so... tax evasion or renunciation?