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Do you honestly believe the government held your social security and Medicare payments and responsibly invested them, waiting for you to retire? The government is 39 Trillion in debt. The balance in the account is negative. My social security and Medicare taxes are immediately paid out for someone else, and the amount that can't be paid by taxes is financed by adding to the debt.
My point is not that people don't deserve to receive their retirement, it is that the retirement system will be very strained if there fewer workers in the future and more retirees.
Look the only point I was making was that if the population declines retirees are in trouble. It will be my generation (Millennials) who are in the most trouble. I'm not blaming boomers for anything. I'm just saying we need people to pay for social security. This thread started on a post asking why population decline is a problem.
@Jmstalk@OneManWar@elonmusk You obviously deserve to get your investment back but the reality is that there are no funds in the fund. Dollars are immediately paid out. It's a big IOU funded by government debt and current workers.
@Jmstalk@OneManWar@elonmusk That's how the system was designed. But the reality is that every dollar working Americans pay into social security almost immediately gets paid out to a retiree.
@OneManWar@elonmusk It would not be as big of a problem if all retirees could pay for their own retirement and healthcare. Plus, in many countries, retirement is predicated on continued growth of investments, which requires increased consumption.
@elonmusk Maybe, just maybe, women are finding it a bit difficult to balance the expectation that they have successful careers while also birthing 2+ children.