How is the U.S supposed to support a system where the old population lives off the work and taxes of the next generation when fertility rates are extremely low and the life expectancy is constantly increasing?
how would old people survive without it?
>>135940565
How will young people survive by being taxed to death to support the old population?
>>135940028
Um, hey opfag, the "old generation" worked their entire lives paying into social security for their retirement only to have liberal politicians steal from it to pay for liberal social welfare gibs for lazy entitled liberal citizens that want to pop out 500 kids or don't wanna work. As far as I'm concerned yes get your lazy ass to work, pay your taxes and support them.
>>135940772
they wouldn't be "taxed to death" if a certain group of people contributed to society... by paying taxes
>>135940028
Lol it's like the entire system is a ponzi scheme
>>135941302
because the cost of living is increasing while wages are stagnante. The majority of Millenials pay half their paycheck to rent
>>135941534
Taxes are increasing because the govt has billions of dollars of unpaid pensions. Illinois is bankrupt because it promised too much to the public sector that it now has to increase taxes to survive financially
>>135941302
>Um, hey opfag, the "old generation" worked their entire lives paying into social security
You are a complete imbecile.
Social Security promises to give back more than they put in it and provide a higher return than the stock market - and risk free. How does it promise to do this? By having the younger generation put money into it and give that money to retirees. In short, Social Security is a massive inter-generational ponzi scheme.
The Baby Boomers are essentially relying on Gen X and Gen Y to fund their retirement, whilst chastising them for buying too much avocados. Talk about biting the hand that feeds.
"Could workers make their money grow more quickly with personal accounts? The actuaries at the Social Security Administration (SSA) ran an analysis recently that simulated real (after inflation) annual rates of return on payroll tax contributions for beneficiaries who were born between 1920 and 2004.
It showed that some workers might beat Social Security's returns in some years if they took risks in the stock market. But over a lifetime, Social Security's consistent, risk-free and inflation-adjusted returns would be very tough to beat."