Carlin called it years ago. I miss him.
“It’s a big club, and you ain’t in it!” 🏆
I really really want to see how this would play out. If we're going to go down let's at least see the republicans who voted for this go down with us.
I mean if democracy is restored by pissed off octogenarians I'm in.
America needs something better than the ponzi scheme (sorry comrades, the Muskrat did not come up with this criticism, but is just using it to destroy it senselessly) that is social security but Trump’s idea to destroy Social Security, pocket the money, and flip off the poor is not helping.
Oh for fuck’s sake. Social Security is not a Ponzi scheme. Would people stop with that bullshit already?
Social Security is not a Ponzi scheme.
No one said it was.
The literally said
America needs something better than the ponzi scheme
America needs something better than the ponzi scheme
The linked article does not contain the word, "ponzi". Do you have a link for your quote?
Can you read?
Yes.
Cool, me too.
Not by technical definition perhaps but it is an unsustainable system.
There are better systems out there like Singapore’s mandatory savings policy.
An unsustainable system that has been in use since 1937?
I don't think you know the meaning of words.
Righties are masters of hypocrisy and doublethink
As a firm believer of Market Socialism, I don’t really consider myself right wing.
An unsustainable system that has been in use since 1937?
The reason why Social Security is unsustainable is because population growth is slowing down. In a few decades from now, there will be more old people than young people.
Even with the current demographic situation, people are getting less than what they pay in.
It is expected to start creating deficits in 2037.
Singapore’s CPF meanwhile is sustainable although Social Security is not unfixable either.
Let's give you the benefit of the doubt. What is it that's unsustainable with social security?
Benefits increase GDP growth, cushions impact on performance of market upheavals, increases political stability, reduces poverty, increases health and productivity and of course increases happiness.
It would seem to me that it's a sound investment for both economic, societal, moral and selfish reasons. Please tell me where my analysis or the data doesn't support my conclusion.
My understanding (not op) is the most unsustainable thing is that the cap for payments doesn't adjust for inflation, meaning the rich don't pay as much as they used to. If we don't fix that, one day payments will be cut to around 80 percent of what they are. Not world ending, but something that would be easily fixable if we weren't ruled by sociopaths preaching sociopathy as the new religion.
Why doesn't the working class, the larger of the two, simply not eat the owning class?
Jokes aside; seems to me the problem is that policy is set on feelings rather than reality, and then the argument of "not sustainable" gets irrelevant (which is why the policy carries on even though demonstrably wrong).That I can understand, cutting off one's nose to spite the face kinda deal. But if you're spiteful, it might be a reasonable (although not rational) choice.
If you're looking for efficient and/or rational policy, you need more mature representatives, simple as.
Yes, Social Security has problems right now that are not impossible to overcome.
The main reason why Social Security is unsustainable is because population growth is slowing down. In a few decades from now, there will be more old people than young people.
Even with the current demographic situation, people are getting less than what they pay in.
Singapore’s CPF meanwhile is sustainable but Social Security is not unfixable.
The reason why Social Security is unsustainable is because population growth is slowing down. In a few decades from now, there will be more old people than young people.
Even with the current demographic situation, people are getting less than what they pay in.
The program is expected to begin running deficits every year starting in 2037.
Singapore’s CPF meanwhile is sustainable although Social Security is not unfixable.
Seems like you're running in to the same problems the rest of the world has, only slower. You don't even have to come up with a solution, just steal one.
Besides, the state retirement fund is only structured that way as a cash buffer, borrowing the retirement fund of a whole generation. You could just as well go back to how it was done in the 70ies with the retirement fund actually built from people's taxes, and not from the next generation's - boom, no more problems with uneven generation populations.
Singapore's CPF is garbage and has far more (and far more obvious) problems than Social Security. The only truly sustainable social safety net is universal basic income and universal healthcare. Anything else is just a bandaid.
Having said that... if the bandaid is all you currently have available, then don't fucking rip it off.
Agreed on UBI and Universal Healthcare.
its been working for longer than your mother has.
The reason why Social Security is unsustainable is because population growth is slowing down. In a few decades from now, there will be more old people than young people.
Even with the current demographic situation, people are getting less than what they pay in.
It is expected to start creating deficits in 2037.
Social Security is not unfixable.
Go to YouTube and search for "Sam Seder Social Security", and then realize why he's making this face at you right now.
You mean the person who literally proves my point that it is unsustainable as it is right now?
He literally states that the trust fund is going to run out in the 2030s and gives wealth disparity as the reason. I agree and it is a problem that can be fixed, all you have to do is to remove the cap, of course the MAGAites is not going to slightly raise taxes on the wealthiest Americans and they aren't going to create a reasonable replacement (like Singapore CPF).
Raise the fucking cap then, its not hard to fix you people just dont want to fucking do it, youd rather seniors starve and die.
Don't raise the cap remove it altogether. It should never have existed in the first place.
Seeing your downvotes, it seems 7 people don’t like the idea of taxing the rich.
All well. Not everyone can be convinced of a good idea.
youd rather seniors starve and die.
Don’t put words in my mouth.
I believe Social Security is perfectly fixable with the main obstacle being republicans being republicans.
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