LINK https://www.instagram.com/reel/DYEMoM9uN3p/
(trying to do better with actually following the rules and linking to these cretins)
LINK https://www.instagram.com/reel/DYEMoM9uN3p/
(trying to do better with actually following the rules and linking to these cretins)
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.
If only we could imagine a way to fix it. Oh well, I guess it’s doomed to failure.
Carl is describing how liberals have talked about social security within our lifetimes; he isn’t describing how it works.