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Reply to "Musk is coming after entitlements now"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Musk is coming after entitlements now Good. Stop sponging off of others, grow up and make your own way in life. Show some frickin pride in yourselves [/quote] How is SS entitlement? We literally pay into it over many, many years? [/quote] SS is essentially a government-backed ponzie scheme. Your contributions are NOT for you, but to pay the prior generation. Your benefits are intended to be paid by the NEXT generation. The system breaks down if population growth stagnates (or worse, declines). Cato does a good job of explaining it here: https://www.cato.org/blog/5-reasons-why-social-security-income-transfer-program-not-earned-benefit#:~:text=Like%20a%20Ponzi%20scheme%2C%20Social,by%20taxing%20younger%20workers%20more. [/quote] And how does that make it entitlement?[/quote] Just because our government runs a ponzi scheme doesn't make it right. Because the future generation pays for your payments.[/quote][/quote]
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