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You pay for social security and medicare your entire working life with a separate direct tax. It is not an entitlement or a handout, it is quite similar to a pe
by DoodleBuggy 10y ago
You pay for social security and medicare your entire working life with a separate direct tax. It is not an entitlement or a handout, it is quite similar to a pension.
- grandalf 10y agoIt's supposed to be. But due to demographic shifts and dishonest officials the program now requires ample supply of young workers in order to be able to pay out the benefits to older workers. Inevitably, benefits get cut. If trends continue, the program will eventually turn into pure welfare.
- DoodleBuggy 10y agoMost of the supposed difficulties with social security and medicare are entirely manufactured by politicians to push some specific agenda for an industry who would benefit directly from particular changes, if not privatization. FICA is essentially just an automated savings program, it's not particularly complex.