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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: pocotrader who wrote (1405407)6/7/2023 5:46:31 PM
From: Tenchusatsu  Respond to of 1576866
 
Pocotrader, the problem with Social Security is that it has always functioned as a quasi-Ponzi scheme. Everyone has been taught that, as they pay into Social Security, the money goes into a "forced retirement savings account" that the government will slowly pay back upon retirement.

But that's not the truth. What actually happens is that these payments directly go toward the benefits of current retirees.

Hence it's inaccurate to say that workers paid into the system and should get what they're entitled to, because what they paid is already gone.

BTW, I'm fine with accepting the Ponzi scheme for the way it is, but we should really stop pretending it is anything but.

As for soaking the rich and using their wealth as a political slush fund, that is just plain lazy and fiscally irresponsible. The top 10% already pay 75% of all income taxes here in America, yet the perma-Grubers still think they're not paying "their fair share."

Tenchusatsu

P.S. - And half of all Americans still don't pay any income taxes. So much for "fair share" ...