Originally on 04/16/2019:
I'll tell you the real problem with social security.
For example's sake, let's say the government collects $1 trillion in social security taxes in 2019.
Imagine the total cost burden for social security in 2019 is $800 billion.
That would leave the government with a $200 billion dollar surplus.
The way a normal pension plan might work, that $200 billion dollars would be held in trust or invested to produce positive returns.
The way the government does things in the real world is if they have a surplus from social security they spend it all on war in the middle east or other completely and utterly useless programs.
The government has done this for decades. This is the real reason why there is a significant shortfall of funding.
The "aging population" myth is some bullshit they throw out there to fool the uneducated and uninformed.
Originally posted by d2bets
For example's sake, let's say the government collects $1 trillion in social security taxes in 2019.
Imagine the total cost burden for social security in 2019 is $800 billion.
That would leave the government with a $200 billion dollar surplus.
The way a normal pension plan might work, that $200 billion dollars would be held in trust or invested to produce positive returns.
The way the government does things in the real world is if they have a surplus from social security they spend it all on war in the middle east or other completely and utterly useless programs.
The government has done this for decades. This is the real reason why there is a significant shortfall of funding.
The "aging population" myth is some bullshit they throw out there to fool the uneducated and uninformed.