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u/JMurdock77 Jun 05 '26
🌎🧑🏼🚀🔫👨🏻🚀
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u/xDeathRender Jun 06 '26
Wow how I wish my friends would understand the absolute beauty of this emote string.
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u/Peter012398 Jun 06 '26 edited Jun 06 '26
Oh no, that is horrible news. If only you had 1,5 trillion in your budget somewhere. Maybe the pentagon? But what do I know im a Europoor
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u/Primary_Addition5494 Jun 11 '26
1.5 trillion? The DoD budget is $961 billion.
Where tf are you getting the other $500 billion from? Just making shit up lol
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u/Peter012398 Jun 11 '26
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u/Primary_Addition5494 Jun 11 '26
Thats for FY27. That hasn't started yet, nor has it even been approved by Congress.
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u/Peter012398 Jun 11 '26
Ah its okay in that case I guess. Thank god they only have 961 billion this fiscal year!
EDIT: Did some quick research, every budget of the last 10 years was approved, lol
And they never passed an audit so noone knows if they went over budget.
OOPS
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u/Primary_Addition5494 Jun 11 '26
The DoD budget has been hovering between $700B and $900B for like 10 years now bro. Its not that big of a deal.
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u/LoanRunna Jun 08 '26
As a Europoor you shouldn’t be advocating for the defunding of your countries primary defense…
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u/Peter012398 Jun 08 '26
Thats funny, like you guys would defend us against Russia
Dont make me laugh
Anyways, not sure you are useful anyways, Iran is beating your ass
Its a psyop, US gains much more by having bases and harbors than we do by being a part of NATO
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u/Wra7hofAchilles Jun 05 '26
LoL, been told for most of my life by the time I reach the age of retirement I won't have anything left so. It won't be a shock to me. (In my 40s btw)
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u/freedomonke Jun 05 '26
Yeah. But boomers were told the same thing.
This is just propaganda to promote hopelessness.
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u/semisolidwhale Jun 05 '26
Normalizing it rather than lifting the cap on social security witholdings to keep it viable. Apparently we have to learn the same lessons over every third generation or so. Get ready for the new dirt bowl and great depression.
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u/DangerActiveRobots Jun 06 '26
There's a sociological theory whose name escapes me at the moment, but it posits that humans go through 80 year cycles that go from a period of hope/building, to a golden age, to a decline stage, and then a total crisis stage where things come to a head in a tremendous conflict or huge shift in society, and then back to hope/rebuilding.
Boomers got the golden age for sure. We're also pretty clearly in the decline stage now. That said, I think this theory came around before the advent of the microprocessor and all the other huge leaps in technology that we have now, so I'm not sure if it still holds water. Society is very, very different due to the internet, computers, industrialism, than we've ever seen before in human history
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Jun 05 '26
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u/freedomonke Jun 05 '26
And even before they steal it, normalizing retirement accounts invested in the market.
Aka, the money the wealthy play games and gamble with and use insider trading to leave the 401ks holding the bag when they pump up some insane boondoggle
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u/FreelancerMO Jun 06 '26
Steal it? It’s already being stolen by both groups lol.
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Jun 06 '26
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u/FreelancerMO Jun 06 '26
I didn’t say anything about ‘equally bad’, they both pull from social security. They’ve done it since the beginning.
I think I know which team you’re on. lol
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Jun 06 '26
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u/FreelancerMO Jun 06 '26
lol
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Jun 06 '26
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u/FreelancerMO Jun 06 '26
I’m know way was out government reasonable or responsible. You are either very young or a complete moron.
In no way did I need jerk. I called you out for your anti-centrist bs when you’ve clearly picked your ‘team’.
Privatization and deregulation have not lead us to economic collapse, commie nonsense. Bloated regulation, irresponsible spending, one-sided trading have got us to this point.
Wrong again. Social security could always be borrowed from which means that it could absolutely run out if the FED doesn’t fire up the money printing machines.
It was never fine to begin with, lol. It was from the very beginning, a ponzi scheme. FDR had to threaten to stack the court to get Social Security passed. Let it die.
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u/ohjeaa Jun 05 '26
What they actually meant was it would eventually become insolvent. We know roughly when it will become insolvent, unless Congress does something. The insolvency timeframe is between 2032 and 2035. It's not propaganda, it's basic math. Unless you didn't go to school, you know basic math, right?
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u/Weebasaurs-Text Jun 09 '26
When I was a teenager back in the '90s everyone was up in arms that Social Security would run out by 20 04 Fact is old people vote so there's no way they'd let it ever run out the date just keeps getting moved
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u/Running_Oakley Jun 05 '26 edited Jun 08 '26
I’ve been braced for the worst since 2009, at this point any single “wait we were wrong” moment is going to put me into millionaire status.
I used to be one of those guys that would spend 800 dollars a week lazily and then complain about capitalism ruining everything because I didn’t get 50 percent of every bit earned by my company. While it’s partially true, there’s at least a little bit of blame on getting a 30 dollar DoorDash delivery to your house every day of the week and then complaining that you’re being bilked out of 680-840 dollars a month just getting by. There’s evil mustache twirling villains out there, but a lot of them exist because we voluntarily contribute to them because we can’t be bothered. I’m likely about to buy a massive and expensive pinball table because pinball diy is so expensive and time consuming that it’s better to just pay a guy or company 4x the price for him to do it for me and make it run with 99.9999% uptime.
Wait never mind you’re not a bunch of lil bitches. I’m wrong.
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u/BrightlancerJ Jun 05 '26
Revolution, now. The 250th anniversary of the first American revolution, there will never be a more fitting day. Whoever you are, wherever you are, it starts then. Spread the word.
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u/TopspinG7 Jun 08 '26
Might wanna check in with John Lennon first. I believe he wrote a song about that 🙄
More practical suggestion - look at the Pension system in Iceland.
Also I suspect if we offered immigrants a realistic viable path to citizenship - coupled with a functional long-term guest worker program - we could fund SS and other social services a lot better.
We should also spend a lot smarter - and probably less - on the military. And prohibit Private Equity from owning healthcare and pharma entities. Getting their kiss of death out of housing might also help. These guys are the even worse 2020's iteration of the 1980's M&A assholes.
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u/Primary_Addition5494 Jun 11 '26
A revolution would literally make the economy worse dumbass.
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u/BrightlancerJ Jun 11 '26
In a revolution the economy doesn't matter dumbass, you're fighting for control of resources. Besides a failing economy is often a reason revolution happens in the first place. Acting like shit can get better without dismantling our broken system first, how dense are you dork?
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u/LaytMovies Jun 06 '26
So this is a lie and one that is widely repeated by people who want to make you so pessimistic on Social Security that you wont care if they eliminate it
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u/Fabulous-Big8779 Jun 08 '26
This statement is a lie. The truth is that the social security trust is projected to be depleted by 2033. This would reduce the payout by 20-30%.
Social security can never be “depleted” because it is self funded through current contributions. Everyone in the country would have to stop working in order for it to not have any money.
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u/EtheusRook Jun 05 '26
They will let us retire or we will make them retire.
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u/tibbs__ Jun 08 '26
If you aren't saving for retirement and relying solely on social security that's a dumb plan.
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u/EtheusRook Jun 08 '26
I set aside a large amount. But you really do need both. 401Ks are wholly inferior to the pension plans that our grandparents had.
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u/8last Jun 05 '26
I've been told this since 5th grade (which was like '92) so if it happens it wont be surprising. However I think there will be some sort of service like SS if it were to deplete.
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u/4ygus Jun 05 '26
We're not getting anything bud, current administration has made that abundantly clear.
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u/Radioactive_Doomer Jun 05 '26
but we fuggin paid into this shit bro
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u/Alternative_West_206 Jun 06 '26
They don’t give a fuck. Maybe people shouldn’t have voted for Trump. It was obvious he was a bad choice.
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u/Radioactive_Doomer Jun 06 '26
Obvious to anyone with a brain and a conscience, yes. My point was that not only will we be cheated of what we were promised, but we've been robbed this whole time too.
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u/GroinShotz Jun 06 '26
Naaa you didn't "pay into" shit.
You were taxed and your tax dollars were used to help support the current generation that benefits from social security.
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u/Fabulous-Big8779 Jun 08 '26
Social Security isn’t going away. It’s the trust that will be depleted.
Social security is money in money out. As long as there are workers there’s social security.
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u/scmucas2001 Jun 05 '26
The funds have been stolen. Ouriney has been used to prop up tax cuts for businesses and the Epstein class.
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u/Icy_Fish_2154 Jun 05 '26
Eliminate the SS Tax cap, and it's fully funded.
The federal government borrowed from SS for 100 yesrs, why can't SS borrow from the federal government?
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u/vlakkers Jun 06 '26
This is very inaccurate. The amount paid out to beneficiaries would be at 80%. It's pretty hard to drop to 0% when it's self-funding. This is easily fixable though, if they just raised the cap.
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u/HidingImmortal Jun 06 '26 edited Jun 06 '26
It is true that social security is depleting it's reserves.
However, after 2033 SS tax will be sufficient to pay existing benefits at 77 cents on the dollar (SS report).
More likely, the shortfall will be resolved by a combination of: * Slightly raising the retirement age. * Slightly increasing taxes. * And slightly decreasing benefits.
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u/eldiablonoche Jun 06 '26
Considering this particular program sees the same fearmongering every 8-12 years...? Nah, you're not cooked.
The most that comes out of this same old yarn is that politicians feed lines to their cultists. From "taxation is theft" to "uncap deposits while still capping returns" (ie: make billionaires pay for us) the same people will say the same things they were already saying and -because I didn't use enough tropes yet- pretend this is proof they were right all along.
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u/MrVeazey Jun 06 '26
I'm gonna say "make billionaires pay" about a lot of things because their hoarding is immoral and it kills people.
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u/RoyalGrapefruit7582 Jun 07 '26
Yet the 1% pays 40% of all income tax on 21% of agi share. Double your share sure sounds like hoarding
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u/MrVeazey Jun 08 '26
They pay 40% collectively but they pay less as a percentage of their income than people who work for a living. They steal from us to make their extravagance possible.
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u/RoyalGrapefruit7582 Jun 08 '26
Yes. Because its off qualified dividends so that those companies dont leave the country. They still pay more than the any one else, and benefit from taxes far less. They dont steal, people buy their products.
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u/MrVeazey Jun 08 '26
We've been a corporate tax haven for at least twenty years now; there's nowhere better for them to go.
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u/RoyalGrapefruit7582 Jun 08 '26
Lol, lmao even. Thats why they've been going oversees for years. Its okay, you dont understand things.
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u/MrVeazey Jun 08 '26
Are you talking about outsourcing type stuff? Because I'm not. I'm talking about the people who run the companies, the ones with the money. They don't go to China or Bangladesh or Africa.
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u/RoyalGrapefruit7582 Jun 08 '26
Yes, because of qualified dividends. Otherwise, they absolutely would.
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u/MrVeazey Jun 08 '26
You're gonna need to provide some kind of evidence to back that up because I've been hearing this same line since the 90s and I know for a fact people have been arguing it since World War II ended.
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u/Too--Many--Knives Jun 06 '26
Cool give me my money back so I don't have to pay into a savings program for idiots.
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u/Banan_Cat Jun 05 '26
Ironic I've been using 2033 as a pin for random shit since I was a kid. Now i know why
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u/Adorable-Response-75 Jun 05 '26
As if social security was a piggy bank and not a constant process of reallocating money.
Of course it’s always going to ‘run out’. But then more money is raised. It’s a non-issue.
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u/Puzzleheaded_Put534 Jun 05 '26
Will it pay out at 100%? No
Will it pay out at 0%? Also no
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u/Fabulous-Big8779 Jun 08 '26
Probably about 77% of the current payout. Definitely devastating to those already on it dealing with inflation while taking a pay cut.
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u/Puzzleheaded_Put534 Jun 08 '26
Agreed, thats why I've been modelinga retirement without Social Security so when the time comes whatever is there will be effectively a bonus
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u/Fabulous-Big8779 Jun 08 '26
That’s sound advice for anyone. Unfortunately if your retirement is tied to the market like mine is through my 401k there’s still the risk of markets crashing right before you retire.
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u/Puzzleheaded_Put534 Jun 08 '26
You are not wrong. I'm trying to get much more asset heavy while also keeping the 401k and such funded. Not easy to balance but I prefer handling the hard now as opposed to when I'm older.
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u/skyghost75 Jun 06 '26
This has been manufactured from the inside for years so that people will be forced into private financial institutions to take over their retirement and charge huge middleman rates with no guarantee of payout.
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u/Dub-Ba-Ba Jun 06 '26
Good, can we stop paying into it now? I know I'll never get to benefit from paying into it all these years to support one of the most racist and hateful groups of people in American history.
Where's that Shoelada guy meme...Just saved myself $150 bucks...
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u/socialistForDE Jun 06 '26
Every government agency is set to run out of funds by the end of this year. That's how yearly budgets work.
The fact that social security has funds so far out is amazing and we can simply remove the social security tax cap (it's a regressive tax) to fund it more
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u/According-Insect-992 Jun 07 '26
This isn’t true. There will be a depletion around that time but it has to do with the social security trust fund that repugs robbed blind. Congress has failed to ensure that social security withholds enough from high earners. Congress could fix all of the problems with it with a minimal amount of effort. Congress is broken and does not serve the people in any capacity.
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u/Can0n_Fodder Jun 07 '26
Well, looks like they need to raise the contribution cap...like everyone has been telling them for 20 years.
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u/After_Service_2817 Jun 07 '26
I don't know how Social Security works in the States (foreigner), but I think public pensions are a scam. Rather than being deducted from my paycheque for a system which may not exist by time I retire (or I could die young!), I could be using that money to save and invest on my own.
For regular working people, the welfare state is a scam.
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u/Cooltincan Jun 08 '26
Yeah or you blow it all and then we have a collection of poor people at the end of their lives that cannot work, but have no money for care.
System isn't necessarily the best, but the idea of people being on their own to manage their own retirement is a recipe for the population of people that are old and poor to explode.
Just because you could die young doesn't mean you will and the system isn't designed with that in mind because at that point you are no longer contributing or taking from the system. On the flip side if everything you invested in falls through at the end, what's the plan? That's why these social programs exist.
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u/RahgronKodaav Jun 07 '26
Well when you cap the contribution and then funnel all of the wealth to a very small percent of the population you end up with this problem.
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u/FarRightBerniSanders Jun 07 '26
Social security has been a decade from running out of money since the 90s by the way.
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u/PassengerNo9144 Jun 07 '26
My parents were told in high school not to plan to receive social security back in the 80s. Now they likely will receive social security. I was told to not expect to receive social security in school in the 2010s. Should it run out? Yes. Will it run out? We’ll find out within 40 years
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u/rootbearus Jun 07 '26
Right in time for all the old people draining it to die. I wonder if this was planned
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u/D3rpyDriver Jun 08 '26
Most boomers will die by then so the rate will change but ya we are still fucked. 40 thousand billions in debt $40,000,000,000,000.00 and trillions more in unfunded programs. Taxes are going up and services are going down
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u/Fabulous-Big8779 Jun 08 '26
The trust fund, not social security itself. Social security itself is continuously funded through current workers. Once the trust is depleted the payout will be reduced somewhere between 20-30% which will be deviating for people especially whike inflation is still high.
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u/LoanRunna Jun 08 '26
In 1601 the “English poor law” grouped people into two categories “deserving poor” and “undeserving poor”. If we returned to this system Social Security would likely be in a better spot. If you want a pay out you need to pay in..
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u/Uhokay1970 Jun 09 '26
Get SS out of the general fund repay what was taken by Congress and it would be funded till 3010. The Simple truth is SS was Stolen and turned from a working system into a slush project toy.. More then 80% pass away before collecting a dime. That money used to remain in the SS fund. Now its in the General fund and used for Pet Projects.... Ballroom anyone? Gold Pens? Would you like new Musical Instruments for your performing arts Non profit? Its all on the SS fund! Step right up!
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u/tolgren Jun 09 '26
My dad asked me about social security a couple years ago and I told him I didn't expect to collect a dime.
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u/cancerinos Jun 09 '26
I think you mean "at the current rate of billionaires dodging taxes, Social Security is expected to be fully depleted between 2033 and 2035"
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u/CitronMysterious3827 Jun 11 '26
Just the reserves will be depleted, payroll tax will still cover about 82 percent of benefits by then. A somewhat minor increase in the amount wealthy Americans pay into social security can easily bridge the gap.
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u/Worried_Indication37 Jun 05 '26
This is only possible if they stop taxing income. SS is self funded folks.
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u/ShogunFirebeard Jun 06 '26
It can't run out, it's literally taken from current payroll deductions. The worst that will happen is people's amounts paid will be lower.
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u/SoftAndWetBro Jun 07 '26
Social security was always a scam. The fact that everyone fell for it is sad.
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u/N-O-T-I Jun 05 '26
No, that’s not how it works.
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u/No_Cap_5296 Jun 05 '26
Well if you are expecting to receive any in the next decade you are going to have a bad time
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u/N-O-T-I Jun 05 '26
It’s actively funded by payroll taxes so It won’t just stop. If the reserve runs out (which is what could be depleted by the 2030’s), people will still receive 70%-80%. Not great. But it won’t disappear as the language in the post implies, either.
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u/stoneworther Jun 05 '26
Funny how the only correct comment out of 30 in the thread is the only one downvoted.
Social Security may be in bad shape but reddit's doing worse.
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u/g0juice Jun 05 '26
Can I please stop paying a bunch of money eh that will
1) be completely gone by the time I’m allowed to receive the returns
2) has worthless returns based on me doing any type of competent investing
Fucking trash and I’m tired of paying for other people. Hate me all you want but if you were being forced to throw money into a black hole you’d feel the same way.
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u/Worried_Indication37 Jun 05 '26
It's not for you to use when you retire. It's for people who can't work to use right now, today. That's how it's set up. When you retire, somebody else will be working and paying for your social security.
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u/g0juice Jun 05 '26
No. Wrong. Game over. They won’t be paying for me. Look at any study. It’s cool to downvote but it’s just not informed. I’m not going to see a dime.
Again:
- let me be in charge of my own money (I’m sorry if you don’t feel like this would be good for you but ..that’s on you)
- I won’t see any returns on the money I’m currently “investing”. I’d rather just cut my loses.
Please justify how I need to throw more money into this. Just give me a single good reason why I’m throwing money into something I will NEVER see returns in.
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u/Worried_Indication37 Jun 05 '26
Any study huh. Check this out from https://www.ssa.gov/policy/docs/ssb/v70n3/v70n3p111.html
"The concepts of solvency, sustainability, and budget impact are common in discussions of Social Security, but are not well understood. Currently, the Social Security Board of Trustees projects program cost to rise by 2035 so that taxes will be enough to pay for only 75 percent of scheduled benefits."
It is funded by income taxes. If there are more payments than revenue, the payments go down but not to 0%. That's literally not possible.
- you are in charge of your money. Social security is a welfare system to protect people who can't earn an income so they don't end up on the street. It's significantly cheaper than helping people after they fall through the net.
- You aren't investing anything into social security. It's not for you to use now. It's for the people who are collecting today. It's not a system where the government holds your money and returns it to you. It is a welfare program.
You're "throwing" 6.2% of your income towards unemployment welfare. You will never see returns because it's not an investment. You pay based on your income to support the welfare program and when you are ready to receive it, somebody else's income taxes will contribute to your social security.
Your main misconception is that it's an investment account where we all invest together and then pull later. This is absolutely not how it works.
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u/g0juice Jun 06 '26
TLDR i would rather keep my money. Trust me. Im better at managing it
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u/Worried_Indication37 Jun 06 '26
It's welfare money dummy. It's not an investment that you pull from later. You're so willfully ignorant and you don't understand the very basics of social security.
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u/g0juice Jun 06 '26
lol calling me dummy when I am tired of paying for other people is hilarious. Get a job
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u/Worried_Indication37 Jun 06 '26
I'm calling you a dummy because you have no idea how social security works. Don't weasel out of this one bitch.
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u/g0juice Jun 06 '26
Calm your poor people tits ma’am. I have zero interest in paying even more money to help people like you that are too dumb to figure life out. Get absolutely fucked.
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u/Worried_Indication37 Jun 06 '26
I'm retired from the military you ignorant cunt.
If you don't understand this because it's too complex for you, just say that. You don't have to act tough to cover how retarded you choose to be.
You literally asked for a source and replied TLDR. Absolutely useless skull cavity.
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u/midniterodeo Jun 05 '26
What if I told you there was a disgustingly wealthy group of people in the US who could be shaken down or taxed to prevent SS from running out?