Anonymous #1 5w

“What you COULD get”

1

Anonymous economics.major 5w

Yea bro that’s like the entire point of this post social security is fucked up

1

Anonymous economics.major 5w

How do you think baby boomers are able to be paid 1.30 for every 1 they put in. Could it be because they are stealing our money??????????

1

Anonymous economics.major 5w

Social Security’s trust fund (invested entirely in US Bonds) is set to run out by 2034. This could be pushed back 50 years if the tax is raised from 12.4% (effectively 6.2% since it’s split between employer and employee so not even 15% like the tweet suggests) to 16%. It could be indefinite at 20% (10% split). Instead, it will run out as soon as the first baby boomers turn 90 since they’re the largest voting bloc and want to die comfortably while we all suffer

1

Anonymous economics.major 5w

So your solution is to make us pay MORE into social security- the system you just highlighted to be fucked up???

1

Anonymous #1 5w

Social security as we know it now is the issue. It’s a great thing by default and not meant to be the only source of income. The post is simply inaccurate, and you literally have to apply for it even if you’re alive. You can make many of these comparisons with other forms of retirement funds. Social Security’s issue is that more is being withdrawn than is being put in because of a slowing birth rate and lack of change. The ONLY solution besides forcing birth is to pay more in so it’s sustainable

1

Anonymous #1 5w

Of course they’re going to say “what you could get” you fucking fool lol, they’re not gonna say “what you’re going to get guaranteed” because you have to show you had a significant relationship with the deceased. It’s a case by case thing, they’re not just going to flat guarantee it off the bat. This isn’t a difficult concept lol

1

Anonymous economics.major 5w

*I should clarify: Tax rate increases aren’t the *only* solution, but the other solutions involve either slashing benefits or raising the already high retirement age (which is pretty much the same as slashing benefits). We already have early retirement which was pretty successful in extending SS with no major change, but late retirement kinda sucks bc there’s a non-zero number of boomers that are working into their 80s. Raising the age was controversial and Bush’s privatized proposal sucks too

1

Anonymous economics.major 5w

The best temp fix is to uncap the payroll tax limit and diminish returns further and further for those making over 160k, then we would only need to raise the rate by little to none. Plus it’d hit CEOs with 7-8 figure salaries and the companies paying those CEOs hard, and it’d even potentially tackle the issue of overpaid execs

1