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The issue is that, for me and anyone else who reaches retirement age after 2034, only about 80% of that basic income will be available. For reasons I'm not supe
by SpicyLemonZest 2y ago
The issue is that, for me and anyone else who reaches retirement age after 2034, only about 80% of that basic income will be available. For reasons I'm not super clear on, this idea tends to get coded as a conspiracy theory in many circles, despite being uncontroversially true and widely reported on.
- lern_too_spel 2y agoThat's a perennial Boogeyman. Policymakers have a wide array of tweaks they could make (from adjusting the cap to adjusting retirement age) at any time that could push that out by another century. https://www.epi.org/blog/a-record-share-of-earnings-was-not-subject-to-social-security-taxes-in-2021-inequalitys-undermining-of-social-security-has-accelerated/ https://www.epi.org/blog/a-record-share-of-earnings-was-not-...