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Reply to "Are you worried about your parents losing social security?"
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[quote=Anonymous][quote=Anonymous]OMG the ignorance. It is not a ponzi scheme as it is government regulated by payroll and has an insured input of $$ as long as it is administered well (and yes that does include rooting out fraud- but last I heard, firing employees won't help with any of that). SS has a huge legacy of trust associated with it. To remove the trust that those who contributed to it and planned for it and now rely on it is truly 'banana republic'[/quote] Agree. It's Musk and Cato Institute incorrectly calling SS a ponzi scheme. If they taxed people who earn over $176,000, that would solve a lot of problems. One of Musk's programmers earns $190,000 of our taxpayer money and pays zero social security tax on anything above $176K. [/quote]
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