4 ms·
No, the social contract I am an engaging in is, "I will take care of some of the elders, and when I reach an older age, someone will help take care of me." Ther
by nappy-doo 7y ago
No, the social contract I am an engaging in is, "I will take care of some of the elders, and when I reach an older age, someone will help take care of me." There is no agreement on ages, amount of benefits, or anything else specified, just that it could exist.
I proposed solutions that are one possible answer, there are others: perhaps removing the income cap, or upping the contributions from employers who recently won a 40% reduction in taxes with the tax cuts? Maybe decreasing benefits now is also a possible solution (again, as I proposed).
The point being, Social Security and Medicare ARE NOT (by definition) Ponzi or Pyramid schemes. Ponzi schemes are INVESTMENT vehicles. There is no investment in this case. Pyramid schemes are (again by definition) structures where recruitment and growing the organization are requirements. Social Security doesn't require this, and to argue otherwise is arguing in bad faith.