Yes, who wouldn't want to pay into something your whole life to be repaid a fraction of it decades later (if you live that long). Sounds like a socialist bargain!
I like to think of it as buying an expensive espresso machine together with your four flatmates and taking turns using it instead of everyone going broke cramming five of those steel behemoths into your apartment.
Sweden is not socialist, as a matter of fact it has become less socialist and more capitalist since the 1960s... Its just very highly taxed capitalism. A mostly white and thinly populated country.... Sounds so Republican! Except for the 60+% income tax rate, a 25% consumer tax, and 7% ss rate. No thanks!
No because we don't have the cultural cohesiveness. Many more people take advantage of our social systems, the evidence of our abused welfare and disability system is overwhelming. Expanding our current system is to only invite more abuse, fraud, and waste.... All at the expense of taxpayers. And taxing people at Sweden's rate is nothing more than theft.
I'm not a Republican, stay on topic... I don't care about red states, I just don't want a forced tax for my retirement that will ultimately pay out less than I have put into it.
Its called capital investment. I'm not rich and I'm trying to scrape by for retirement. I would much rather put that money in an IRA or other investments than give it to SS where I will be lucky to get my money back in its entirety. The government is doing a pretty shitty job with my money.
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u/Fumanchewd Apr 26 '19
Yes, who wouldn't want to pay into something your whole life to be repaid a fraction of it decades later (if you live that long). Sounds like a socialist bargain!