Re:Is Social Security a Ponzi Scheme?
by reseasonable on Friday March 07, 2025 @01:43AM
(#43287813)
Collapse and failure are terms that imply an outcome that would not reflect reality if we did nothing to change the system. Reduction of benefits by about 15% is the insolvency we’re expecting. That is an important distinction that could easily be remedied by a couple policy tweaks or an uptick in immigration. And the collapse even has been predicted to occur for decades, with the tipping point as far back as the 80’s.
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I remember a Democratic primary debate where they asked the question what the candidate would do to fix social security. Jerry Brown said there was nothing to fix. And everyone in the room laughed at the fool.
And that was 45 years ago.
It's a mystery to me what it is about social security the makes the over class who don't pay squat into it so absolutely enraged by it. It drives them absolutely apeshit and I don't get it.
Re:Is Social Security a Ponzi Scheme?
by reseasonable on Saturday March 15, 2025 @05:23PM
(#43375248)
I think it’s odd that they instantly refer to the US as a third world nation when they see an influx of homeless on the streets, and yet they apparently don’t want to continue funding the program that keeps 60% of the elderly out of poverty.
They clearly:
1. Do not want us to be poor (or see the effects anyway.)
2. Don’t know the history of shanty towns and almshouses in our nation.
3. Don’t know the difference between the SSI Trust Fund, vs SSI policy.
Otherwise the path forward would be patently obvious, remove the cap and increase payments to match inflation. I’d personally roll up 401ks into voluntary additional contributions that are accessible to anyone regardless of employment status.