Michael Hurst
Dec 23, 2021

You don't know what you are talking about. Social Security is an INSURANCE system, and operates like any simple annuity. You pay into the system over time while you are working, and the benefits are there when you are too old to work any more. If you live a long time, you get more than you put in. If you die earlier, the system keeps your contributions.

It is a simple system. Perhaps too simple for you since you want to equate it to a fraudulent con game. The subsidy by youth of the elderly is mostly a myth, based on the fact that the first generation or two receiving benefits did not pay as much in as they received out. But the only shortfall in SS today is because of Congressional mismanagement, which would be easily solved if we could get Republicant obstructionists out of the way.

Michael Hurst
Michael Hurst

Written by Michael Hurst

Economist and public policy analyst, cyclist and paddler, and incorrigible old coot.

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