Re:1 in 4 Americans are jobless or earning poverty-level wag...
by lowlevellimbo on Sunday November 22, 2020 @04:30AM
(#25176155)
You're right that it's not a pension, it's a tax, and the more one contributes the less they see in returned benefit.
> A future government could just decide to stop payments
A future government could just decide to go to war with Canada and the recourse for citizens would be the same.
This is a very important distinction, so I'll repeat it. Social security in the United States is not a pension, it's just a government program. We're told it will continue, but that's only because the current government says it will. A future government could just decide to stop payments, and there would be no recourse because it's not a pension. If you live in the United States, please plan accordingly.