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Started By
Message
Could you ever see Social Security actually ending?
Posted on 3/25/25 at 4:05 pm
Posted on 3/25/25 at 4:05 pm
(no message)
31
Posted on 3/25/25 at 4:06 pm to 308
Yes.
Next question.
Next question.
Posted on 3/25/25 at 4:07 pm to 308
Yeah it’s a Ponzi scheme that’s almost bankrupt of course it’s gonna end. In fact this entire government is going to collapse completely
Posted on 3/25/25 at 4:09 pm to 308
I hope so. It is such a rip off & scam. If you invest that same amount of money over time in an avg S&P index fund you would be looking at easily $15/20K per month or more vs $3K w/ social secuity.
Posted on 3/25/25 at 4:10 pm to 308
For sure
Posted on 3/25/25 at 4:23 pm to 308
quote:
Could you ever see Social Security actually ending?
Not without a certain % of the population forfeiting their benefits.
regardless of what happens, it will always exist as a social welfare program.
Posted on 3/25/25 at 4:23 pm to LSUbacchus81
No , at least not for the millions that have already paid into it for many years ; maybe in the future it will be different.
Posted on 3/25/25 at 4:23 pm to 308
Not in my lifetime
Posted on 3/25/25 at 4:24 pm to 308
quote:While we're heavily in debt? NOT A CHANCE IN HELL !
Could you ever see Social Security actually ending?
Posted on 3/25/25 at 4:26 pm to boogiewoogie1978
I actually have had an idea on SS for about 20 years that I think would be fantastic but unfortunately, the left would fear monger it do death even though in my view, it would be a net gain for literally everyone who receives SS. Alas, it would remove a whole lot of govt control and voter manipulation leverage.
Posted on 3/25/25 at 4:27 pm to 308
It would have to be gradual by age. Each generation pays less into with lower benefits....i.e., whatever is not deducted from your check better be privately invested. GW Bush suggested a 4% per year transition in this idea and it was shot down by the Dems who said "He wants to starve elderly people!'
So, the math can be done. But the political backlash is poison.
So, the math can be done. But the political backlash is poison.
Posted on 3/25/25 at 4:29 pm to 308
Even if you get anything it won’t be worth shite so better plan as if you won’t get it
Posted on 3/25/25 at 4:30 pm to Zach
Old people vote in huge numbers, so it’s not ending.
Posted on 3/25/25 at 4:30 pm to 308
Yes, it could end if there's no money or no chance at having the money but I hope it doesn't.
Posted on 3/25/25 at 4:30 pm to superwolf
quote:
I hope so. It is such a rip off & scam. If you invest that same amount of money over time in an avg S&P index fund you would be looking at easily $15/20K per month or more vs $3K w/ social secuity.
Government won't want to give up the ability to borrow from the "Trust Fund" at bargain basement rates!
I'd love to see Trump push through a Chilean type system.
Posted on 3/25/25 at 4:31 pm to Grumpy Nemesis
quote:Unless your plan allowed the government to keep forcing employed Americans to lend it money under its terms, AND have Americans believe it to be a "retirement plan," it won't just be Dems fear mongering it. A ton of GOPe's will chime in.
the left would fear monger it do death
Posted on 3/25/25 at 4:33 pm to Thebuzz
quote:
Old people vote in huge numbers, so it’s not ending.
That's not the gradual plan. Old people are not effected. Future old people are effected.
Posted on 3/25/25 at 4:34 pm to 308
LOL. No
Posted on 3/25/25 at 4:36 pm to 308
Yes the Boomers are going to bankrupt it.
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