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Here is proposal to the boomers from a zoomer. I've paid over 100k in social security in my lifetime. Apparently social security is "not an entitlement(lol)" bu

Here is proposal to the boomers from a zoomer. I've paid over 100k in social security in my lifetime. Apparently social security is "not an entitlement(lol)" but you can have it all. Take every cent, but starting tomorrow there are no more checks.

fluidcruft 1y ago
You do realize that boomers have already paid way more into the system? The people who didn't pay in (old poors 100 years ago) are dead and gone.
- wagwang 1y ago
  Oh but I thought it was a saving program?
  - fluidcruft 1y ago
    No, the government pays for current services and then spends the rest as a loan to itself (see $38T debt above). The boomers were so big that there was massively more collected then spent. The idea was to loan that extra to the government and the government could structure the debt to smooth things out because eventually the boomers are so big that there will be more spent than immediately collected.
    - wagwang 1y ago
      That fine and all but current trends point to the ss drying up because of demographic decline so it seems like it was just a big ponzi at the end of the day with millennials and younger holding the bag. Also, if its true that the boomers have paid surplus into the fund that is meant to smooth out the payment curve, then why do they need my money.
cakeday 1y ago
We all grow old. Your situation today may not be the same as tomorrow and you may find your smug self needing social security.
- wagwang 1y ago
  And when im old there sure as hell wont be any money left for me. Also its on the boomers for not maintaining the demographic pyramid required to sustain retirement benefits.
  - hollerith 1y ago
    Americans have been saying that for at least 40 years.
    - wagwang 1y ago
      https://abcnews.go.com/Business/social-security-fund-run-dry-sooner-previously-expected/story?id=122982196 https://abcnews.go.com/Business/social-security-fund-run-dry...
      - fluidcruft 1y ago
        Same story in the 90's. They'll do some maintenance and it will be fixed for a decade or so. Rinse and repeat.

fluidcruft 1y ago

You do realize that boomers have already paid way more into the system? The people who didn't pay in (old poors 100 years ago) are dead and gone.

wagwang 1y ago
Oh but I thought it was a saving program?
- fluidcruft 1y ago
  No, the government pays for current services and then spends the rest as a loan to itself (see $38T debt above). The boomers were so big that there was massively more collected then spent. The idea was to loan that extra to the government and the government could structure the debt to smooth things out because eventually the boomers are so big that there will be more spent than immediately collected.
  - wagwang 1y ago
    That fine and all but current trends point to the ss drying up because of demographic decline so it seems like it was just a big ponzi at the end of the day with millennials and younger holding the bag. Also, if its true that the boomers have paid surplus into the fund that is meant to smooth out the payment curve, then why do they need my money.

cakeday 1y ago

We all grow old. Your situation today may not be the same as tomorrow and you may find your smug self needing social security.

wagwang 1y ago
And when im old there sure as hell wont be any money left for me. Also its on the boomers for not maintaining the demographic pyramid required to sustain retirement benefits.
- hollerith 1y ago
  Americans have been saying that for at least 40 years.
  - wagwang 1y ago
    https://abcnews.go.com/Business/social-security-fund-run-dry-sooner-previously-expected/story?id=122982196 https://abcnews.go.com/Business/social-security-fund-run-dry...
    - fluidcruft 1y ago
      Same story in the 90's. They'll do some maintenance and it will be fixed for a decade or so. Rinse and repeat.