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Reply to "What Would You Be Willing to Do to Save SS?"
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[quote=Anonymous]The SS funding mechanism is a total mess. SS is so much more expensive than anybody ever anticipated and I really doubt it would have made it past congress if anybody would have had an inkling about what SS taxes would have turned into. Hell, people in this thread basically abandon any pretense about SS being anything other than a welfare program. The reality is that every 10-15 years SS needs some massive patch that amazingly (!) always involves more revenue from higher taxes. Rather than be humbled by its incompetence in predicting future demographic trends and its inability to design a sustainable program, the political left just doubles down and wants even more money for the program. Since 1970 alone, SS revenue and benefits have spiked from below 3% of yearly GDP to 5%. I'm sure this thing looks even worse if you track back to inception. Data suggests SS cost 2.2% of GDP in 1960. [/quote]
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