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> Social Security is not funded by the government, it's funded by payroll taxes This fictional accounting is a silly marketting gimmick, not a meaningful disti
by caturopath 5y ago
> Social Security is not funded by the government, it's funded by payroll taxes
This fictional accounting is a silly marketting gimmick, not a meaningful distinction. It's a government program just like all other forms of welfare.
Do you think that there were decades when lots of folks were contributing and no one was collecting?
- NoSorryCannot 5y agoUh, if accounting is a fiction, well, I'm not going to say there isn't a kernel of truth to that, but it doesn't help us answer the question of who has debt responsibilities to whom; the entire enterprise is predicated axiomatically on "accounting fictions".