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> Social Security works with economic growth. It doesn't matter if you get 10 babies or 10 robots. This would be true except the SS tax ceiling is extremely lo
by chillwaves 8y ago
> Social Security works with economic growth. It doesn't matter if you get 10 babies or 10 robots.
This would be true except the SS tax ceiling is extremely low. SS does not scale on the rich past $128,400.
One man owning 10 robots will pay less SS than 10 workers.
This is the whole reason why the "crisis" of SS is vastly overstated and a political choice, given the obvious available solutions.
- kartan 8y ago> One man owning 10 robots will pay less SS than 10 workers. That can be changed. The difficulty is more related to corruption and lobbying than any economical constrain. But, you are right. If nothing changes on how taxes are collected, or if it continues changing against social wellfare then it is a problem.