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Not the best comparison. Besides being a requirement, you pay into social security based on the assumption that you'll get benefits when you're older. If you pa
by kdamken 10y ago
Not the best comparison. Besides being a requirement, you pay into social security based on the assumption that you'll get benefits when you're older. If you paid for 20 years and then the program went bust and you didn't receive anything, I think you'd rightly feel ripped off.
- umanwizard 10y ago> you pay into social security based on the assumption that you'll get benefits when you're older. No. If you think this is how social security works then you have been tricked. Social Security is a welfare program for old people. A better analogy is if you paid for free lunches for kids, then you have a kid and also become poor, but they cancel the program, you'd feel ripped off. The reason it doesn't intuitively feel the same way (even though it is) is because middle class people have a much higher chance of ever becoming old than ever becoming poor.