Reply to Republicans in congress say big cuts coming to Social Security, Medicaid, Medicare.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If you understood how Social Security works, you’d be shocked. It’s not self-funded; it’s a pay-as-you-go system where younger workers' taxes pay for current retirees. This setup closely resembles a Ponzi scheme, relying on new contributors to sustain payouts, with no personal savings account for your future. The system disproportionately benefits baby boomers, who are retiring in record numbers and collecting far more than they paid in, while younger generations face higher taxes and the risk of reduced benefits. This imbalance is unfair and unsustainable. For the good of the country, it’s time for boomers to acknowledge the need for reform. Raising the retirement age, adjusting benefits for wealthier retirees, and expanding the tax base are necessary changes to ensure future generations aren’t left holding the bag. Let’s fix this now—before it’s too late.[/quote]

There is a reason the democrats are generally for expanding the base of workers to pay into the system at this critical time. It's the GOP that keeps crashing the ecnomy and kicking people out of work.[/quote]

Also, it's not a ponzi scheme.  It's called a public retirement benefit.  It's completely sustainable if we actually plan for it, and if the fiscal responsibility the Democrats institute when they are in power is continued by the Republicans.  But we all know that's not likely to happen because the R's love to spend and hate to save.[/quote]

We also could simply raise the cap on taxes paid to support Social Security and it would be completely sustainable. That would be fiscally responsible but involves (gasp) tax increases on those with incomes above the cap. [/quote]

Maybe if they called it something different, not taxes but something else? I am just spitballing but how about we call it social security tariff? [/quote]

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