Mighty MO

The internet sucks now!

[Dissident Media @DissidentMedia]

Permit to do work on your own house? That will take 6 months.

Court decision to reaffirm your constitutional right? That will take 10-15 years.

Approval for a massive data center to store records of your every waking thought and move and destroy the environment? Just 1 meeting.

[Mighty MO @WalkTowardFire]

@elonmusk And it’s slop!

[Matt Johnston @MattInformed]

The latest. This one is not behind the paywall and is free for everyone. I’m trying to answer a few questions in this moment of clawdbots and moltbook, including “what do I propose” if I think embracing AI isn’t the right response.

I’m hoping this will help you see what I see, and the way forward in this time.

If you think this is helpful, I would greatly appreciate it if you can share.

[Mighty MO @WalkTowardFire]

@amitylee13 This problem is only going to get worse due to an aging population and declining birth rates. Politicians have not wanted to address this realistically due to the political fallout, so they’ve continuously kicked the can down the road.

[Mighty MO @WalkTowardFire]

@amitylee13 About 8 years from now the trust fund reserves will be fully depleted and payroll taxes will only cover about 80% of scheduled benefits. At that time, benefits will either need to be cut or taxes raised dramatically, so Rand is correct.

[Mighty MO @WalkTowardFire]

With that last bit of information in mind, people should see that Social security is a legalized Ponzi scheme and must be abolished!

[Mighty MO @WalkTowardFire]

A ponzi scheme is a fraud to lure in new investors to pay “profits” to earlier investors with new investor money. Eventually, the math doesn’t work out when they bring in fewer people to try and pay a large quantity of earlier investors!

[Mighty MO @WalkTowardFire]

This problem is only going to get worse due to both an aging population and declining birth rates! @RandPaul was being realistic when talking about this recently! The money you’re paying now that you think is reserved for you, actually isn’t. It’s for paying current benefits!

[Mighty MO @WalkTowardFire]

So, at that time, either benefits will need to be cut or tax rates will have to increase! Nobody wants to deal with the negative fallout from having to address this now, so they keep kicking the can down the road! But it’s going to have to be addressed in the next 8 years!

[Mighty MO @WalkTowardFire]

Unfortunately, these reserves are expected to be fully depleted (gone) by 2033-2034 and current projections show the tax revenue based on the projected working population at that time will only be able to cover about 80% of scheduled benefits!

[Mighty MO @WalkTowardFire]

However, the reserves started being redeemed around 2017 to pay 100% of scheduled benefits as we hit a point where more people are drawing social security than paying into it. The reserves currently help cover the shortfall.

[Mighty MO @WalkTowardFire]

The money you pay in the current year is spent in the current year. It’s gone! At one point, decades ago, there was a surplus which was invested in treasuries to establish trust fund reserves.

[Mighty MO @WalkTowardFire]

@Stevet_s @SwansonNation https://t.co/nre1Hn4wch

[Mighty MO @WalkTowardFire]

@Stevet_s @SwansonNation According to the Supreme Court it’s not owed back. They stole from us and the court legitimized the theft. Go read Fleming vs. Nestor where the Supreme Court established that Social Security benefits are not a contractual right that’s owed back to taxpayers who contributed.

[Mighty MO @WalkTowardFire]

@surrenderedflow @BryceMLipscomb It’s not. Go read Fleming vs. Nestor where the Supreme Court established that Social Security benefits are not a contractual right that’s owed back to taxpayers who contributed.

https://t.co/nre1Hn541P.

[Mighty MO @WalkTowardFire]

@surrenderedflow @BryceMLipscomb It’s not owed back. That was never the intent of the program. 🤷🏼‍♂️

[Mighty MO @WalkTowardFire]

@Qwelion4 @TCAllen1925 @BryceMLipscomb Why should the younger generations have to keep paying in or pay higher taxes when the fund is expected to be depleted long before we’d ever be able to benefit?

[Mighty MO @WalkTowardFire]

@Qwelion4 @TCAllen1925 @BryceMLipscomb This! They don’t seem to understand how the program works! Current year taxes fund current year benefits! Since 2017, benefits have exceeded the taxes. There was once a surplus that was invested in treasuries, which they’ve been redeeming since 2017 to cover the shortfall.

[Mighty MO @WalkTowardFire]

@riklongenecker @BryceMLipscomb You were funding older generations benefits for 60 years…

[Mighty MO @WalkTowardFire]

@HanaJohnson808 @BryceMLipscomb Younger generations have also been forced to pay, are currently paying with a shortfall (current benefits exceed current taxes) and the fund is forecasted to be depleted long before we’d ever see them… Why should the younger generations have to eat that loss or pay higher taxes?