4 ms·
Damn it. I meant to write "mean", not "median". I know how the SS scheme works. But the money does not come from those who pay in afterward. It comes printed f
by anonymouskimmer 4y ago
Damn it. I meant to write "mean", not "median".
I know how the SS scheme works. But the money does not come from those who pay in afterward. It comes printed from the government. The money paid in by those who pay in afterward merely keeps the books somewhat balanced and inflation in check. As long as people and corporations are producing sufficient quantities of services and products for the general economy the SS tax could be abandoned without causing a problem for inflation or the ability of the already retired to afford those goods and services.
The argument in favor of seeing children as a net benefit to current retirees is that more children = more people to keep the economy running and to function as caregivers for those retirees.