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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][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] Yes, everyone knows that this is how it works. Lol. Nobody thinks their money is sitting in a shoebox somewhere with their name on it. If you think this is alarming, wait’ll you learn about banks! That money you deposit? They give it to someone else! And then when you make a withdrawal, they steal someone else’s money to give to you! Someone tell on so he can save us by confiscating all the money in all the banks![/quote] Of course! You’re so smart. And everyone should know that the SS entitlement is not sustainable. But everyone wants to kick the can down the road “just a little farther”. But the farther we kick the can, the more abrupt and painful the scaling back will be. Both parties want the other party to do the initial hatchet job—here the Ds might get a win by letting Musk fire-up the chainsaw. Or are you afraid the younger generation will acknowledge that scaling SS back actually takes some burden off their back?[/quote] You are unbelievably naive.[/quote] You think SS is sustainable as currently operating? That’s naive. [/quote] Musk has zero authority to decide what social security payments get made and what payments don't get made, particularly at a scale that makes the program sustainable. You're beyond naive if you think this is a viable path toward a solution.[/quote]
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