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re: Great YT video "How the US Is Destroying Young People’s Future"
Posted on 5/6/24 at 6:57 am to Saunson69
Posted on 5/6/24 at 6:57 am to Saunson69
quote:
Video goes on to show that every year we are transferring $1.4 trillion from social security from working aged citizens including the younger to give to the "grandparents" who are the wealthiest generation to have ever existed. There is $135 Bil increase every year congress passes to social security, while just $11 Bil to a Child Tax Expansion credit.
This part is r-slurred.
Social Security is means tested to some extent. There are also more olds than there are kids.
And if you cut off social security the olds are going to have to spend the estate and leave nothing to their heirs. Not to mention die with excess debt in a lot of cases, which will drive up borrowing costs for everyone.
Posted on 5/6/24 at 7:31 am to Bestbank Tiger
quote:
Social Security is means tested to some extent. There are also more olds than there are kids.
This is a problem no one is really talking about. Social Security is essentially a Ponzi scheme with a major weakness; namely that FDR and the leftists economists who came up with it never envisioned that 3-4 generations after the creation of Social Security, the reproductive rate in the US would sink below replacement levels and that the American family, the bedrock foundation of our society, would be a thing of the past. The rise of:
1. feminism
2. the explosion of birth control
3. the creation of the welfare state
4. legalization of abortion
5. no-fault divorce
6. the sexual revolution
have all worked together to take a society that had a birth rate 23.7 per 1,000 people in the 1920s to 12.02 per 1,000 people today. Also, in the 1920s, the illegitimate birth rate in the US was below 10%, today that number is over 40%. In the 1920s, 4% of households were single parent. Today single parent households are 23% of all households, the highest rate in the world.
So not only are we, as a society having fewer kids, kids who would grow up to be productive, tax-paying members of society, far more of the kids who are being born and raised are from fatherless homes where the chance they never become productive, tax-paying members of society is far higher than if they lived in a home with a father and mother.
The irony of all this is the same leftist Democrats who created Social Security are who also pushed for the six factors I listed above that have hurtled our society to the point it’s dying off and destroying the two-parent household, thus making the Social Security scheme they created untenable.
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