3 ms·

One day you will be old and get to benefit from that wealth transfer

by pdntspa 1y ago

ahmeneeroe-v2 1y ago
Likely not. I don't think it will be solvent by that time.
- kube-system 1y ago
  Only if politicians choose to intentionally make it so.
  - ahmeneeroe-v2 1y ago
    This isn't a political choice, but rather a demographic reality. Plus the usual corruption, etc.
    - kube-system 1y ago
      The tax rate itself is plainly a political choice. The demographic issues are a consequence of political choices, e.g. the way we prevent working age people from coming to this country to pay into the system. (and now, kick some of them out).. but also, the ways that choose not to enable families to comfortably have children.
      - ahmeneeroe-v2 1y ago
        Mass immigration has proven to be a net cost.
        kube-system 1y ago
        That's quite a tall claim to be making about a country built on immigration. The greatest periods of economic growth in the US are correlated with immigration rates. I don't know what "proof" you have but remember that the economic impacts of demographic shifts are pretty broad, so I would suggest you validate that your source is taking that into account, and isn't intentionally biased for political reasons. The overwhelmingly predominant economic opinion is that immigration is very valuable in growing a country's wealth.
- maerF0x0 1y ago
  I dont think social security will ever be cancelled. The question is what will it actually buy when your turn comes. By this I mean I do not expect it to keep pace with inflation as they print copious amounts of money to keep it solvent. They can pay everyone $2000 a month, if a loaf of bread is $2000 if you catch my drift.
mathiaspoint 1y ago
Not the rate things are going. Death rates among younger Americans have been very high and it's well known the government doesn't have enough revenue to sustain this. It's got to go. It's a shame people were lied to but the reality is we can't keep things the way they are.
- sarchertech 1y ago
  Raising the income cap for social security contributions would provide enough income for the foreseeable future.
  - mathiaspoint 1y ago
    [flagged]
Analemma_ 1y ago
No, actually, I won't. Social Security will implode long before I ever see a penny of it.
darth_avocado 1y ago
I’m still waiting for the wealth transfer from “stay in school, work hard and you will be able to afford a comfortable life” that was supposed to happen in my 20s and 30s. So I’m not so sure about it happening through SS when I’m 65.
- pdntspa 1y ago
  [flagged]

One day you will be old and get to benefit from that wealth transfer

ahmeneeroe-v2 1y ago

Likely not. I don't think it will be solvent by that time.

kube-system 1y ago
Only if politicians choose to intentionally make it so.
- ahmeneeroe-v2 1y ago
  This isn't a political choice, but rather a demographic reality. Plus the usual corruption, etc.
  - kube-system 1y ago
    The tax rate itself is plainly a political choice. The demographic issues are a consequence of political choices, e.g. the way we prevent working age people from coming to this country to pay into the system. (and now, kick some of them out).. but also, the ways that choose not to enable families to comfortably have children.
    - ahmeneeroe-v2 1y ago
      Mass immigration has proven to be a net cost.
      - kube-system 1y ago
        That's quite a tall claim to be making about a country built on immigration. The greatest periods of economic growth in the US are correlated with immigration rates. I don't know what "proof" you have but remember that the economic impacts of demographic shifts are pretty broad, so I would suggest you validate that your source is taking that into account, and isn't intentionally biased for political reasons. The overwhelmingly predominant economic opinion is that immigration is very valuable in growing a country's wealth.
maerF0x0 1y ago
I dont think social security will ever be cancelled. The question is what will it actually buy when your turn comes. By this I mean I do not expect it to keep pace with inflation as they print copious amounts of money to keep it solvent. They can pay everyone $2000 a month, if a loaf of bread is $2000 if you catch my drift.

mathiaspoint 1y ago

Not the rate things are going. Death rates among younger Americans have been very high and it's well known the government doesn't have enough revenue to sustain this. It's got to go. It's a shame people were lied to but the reality is we can't keep things the way they are.

sarchertech 1y ago
Raising the income cap for social security contributions would provide enough income for the foreseeable future.
- mathiaspoint 1y ago
  [flagged]

Analemma_ 1y ago

No, actually, I won't. Social Security will implode long before I ever see a penny of it.

darth_avocado 1y ago

I’m still waiting for the wealth transfer from “stay in school, work hard and you will be able to afford a comfortable life” that was supposed to happen in my 20s and 30s. So I’m not so sure about it happening through SS when I’m 65.

pdntspa 1y ago
[flagged]