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Social security was supposed to be an investment program so the benefits were earned after years of contributions. The problem is, demographics have changed an
by grandalf 10y ago
Social security was supposed to be an investment program so the benefits were earned after years of contributions.
The problem is, demographics have changed and so it became a welfare program. To make matters worse, it became unsustainable without significant cuts, which makes the payroll tax not a required investment but a regressive penalty.