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Practical terms or not, that's the founding principle of the social security program. People can't/won't save for retirements, so we (the government) will take
by freehunter 10y ago
Practical terms or not, that's the founding principle of the social security program. People can't/won't save for retirements, so we (the government) will take money from them now and pay it back later when they retire.
If the government can say "we took all this money from you in the past but won't give it back now", there was literally no point in paying social security taxes.
- deleted 10y ago[deleted]
- pilom 10y agoIt makes much more sense if you don't think about SS as a pension. It is a tax you pay to not have old people destitute on the streets. That's all. It isn't a savings account or an annuity. It's a tax to take care of old people today. When you get old, you may be eligible for funding to keep you off the streets. You might not. That is what SS is and should be marketed as.