Right-wing billionaires have long wanted to shred the safety net. Under Trump, they’re using lies and fears over the deficit to debilitate Social Security.
Right-wing billionaires have long wanted to shred the safety net. Under Trump, they’re using lies and fears over the deficit to debilitate Social Security.
Social Security is an investment in the health of our society, it’s not a financial instrument. You can’t pool risk and get predictable returns without cutting corners & dropping high-risk members (hello health insurance industry).
It’s an “investment” the same way insurance is an investment. We “invest” in social stability. Lots of people never make it to retirement age, for them SS is likely a net loss.
But as a society we like the idea that the elderly don’t go homeless if they don’t have means of their own. We like that people who lose their jobs don’t lose their daily bread. That’s why we have social security. And we accept that in some cases we’re the ones that end up paying a bit more than we’re getting.
Social Security is an investment in the health of our society, it’s not a financial instrument. You can’t pool risk and get predictable returns without cutting corners & dropping high-risk members (hello health insurance industry).
It’s not a Ponzi Scheme by definition.
A financial investment?
So you’re saying “they” don’t define it as a ponzi scheme, so it can’t be one?
Gee that’s great
It’s an “investment” the same way insurance is an investment. We “invest” in social stability. Lots of people never make it to retirement age, for them SS is likely a net loss.
But as a society we like the idea that the elderly don’t go homeless if they don’t have means of their own. We like that people who lose their jobs don’t lose their daily bread. That’s why we have social security. And we accept that in some cases we’re the ones that end up paying a bit more than we’re getting.