• lil_tank [any, he/him]@hexbear.net
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    11 days ago

    What do they mean with privatising social security?? Sounds like libertarian bullshit, liberals aren’t that enthusiastic about privatising public services no? Or maybe I’m wrong and it doesn’t mean giving social security to a capitalist so they can rob people’s money?

    • Carl [he/him]@hexbear.net
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      11 days ago

      It’s less common now, but it used to be that liberals simply took it as a given that the Social Security Administration was on the verge of bankruptcy and that somehow turning it over to private management would make it better instead of adding a middleman who would skim off the top. I think nowadays most people realize that the SSA is in fact just getting worse over time because the wealthy have been gifted more and more ways to hide their income from the SSA’s taxes.

      • regul [any]@hexbear.net
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        11 days ago

        As the other poster said, this post is bait, but it’s not how social security works at all.

        As I understand it, social security payments to beneficiaries come from the currently incoming payments, not from an invested account.

        Also social security is structurally set up to fail, because you don’t contribute to it on income over $150k, meaning that inflation decreases the amount the rich pay in every year.

        • HAL_9_TRILLION@lemmy.dbzer0.com
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          11 days ago

          Also social security is structurally set up to fail, because you don’t contribute to it on income over $150k, meaning that inflation decreases the amount the rich pay in every year.

          If only we could imagine a way to fix it. Oh well, I guess it’s doomed to failure.

        • Chapo_is_Red [he/him]@hexbear.net
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          11 days ago

          it’s not how social security works at all.

          Carl is describing how liberals have talked about social security within our lifetimes; he isn’t describing how it works.

  • PaulSmackage [he/him, comrade/them]@hexbear.net
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    11 days ago

    I’m sorry, but out of all this ridiculous bit of bait states, never hearing from J.D. Vance again is hilarious. We live in the dumbest timeline, “Hillbilly Elegy” will be state literature within our lifetime.

  • POV it’s 2035, at least 30 “100-year” floods occur annually, but are sporadic downbursts offset by periods of extreme drought. This limits agriculture, but president newsoms “land reform” bill decreed all farm land be “reformed” to support AI energy needs, and biodiesel (the US remains the only country on earth still using ICE vehicles). The barren soils are amended with the ashes of burned libraries to improve their organic matter, long since stripped. The AI farm assistant says to improve corn and soy production you should burn more books - it already contains all of the information you’d ever need. You query “but what about food for people?” The computer locks, you must verify your face and driver’s license, and upon doing so hear a knock at the door.” “Community services!” They say. “We hear you’ve been feeding the community unlicensed crops and we thought we could help end your hunger issues for good!”