re: Young Americans Turn Against Boomers Over Social Security

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therefore I don't want to pay anything else into social security.

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Right. And I don’t want to pay property taxes on public schools I will never use.

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Younger generations in the U.S., including millennials and Gen Zers, are much more likely to believe that the Social Security system needs reforming than those in their 60s and 70s, according to a recent survey conducted by Redfield & Wilton Strategies on behalf of Newsweek.

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But yet they want universal healthcare. A real government cost saver there.

You know one reason there is a large problem with SS?


There are a lot of people who are pre retirement age that don’t work…. But they still eat.

Let’s reform that first.

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No, I will thank the greedy selfish Boomers (who btw my generation is paying for all their Entitlements and handouts) who are going to bankrupt SS and Medicare.

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Well, you're stupid. It's the younger generations that have ushered in the liberal jihad that has ushered in 80% of the bullshite.

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Why is it a Ponzi scheme? I mean I paid into it for may years and then I got old enough to draw from it?

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Because the money you've paid into it has been used to pay out benefits for existing recipients. Your money is long gone. If you are to receive SSI disbursements in the future, they will come from the SS taxes paid by the workforce at that time. These things work great until the disbursements outgrow the taxes being taken in...much like a ponzi scheme.

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Social security is a total fraud on the American people and it always was. It is in no way any type of insurance or guarantee. It is a tax that is dumped directly into the treasury to be spent however the government likes. The idea that there ever was a trust fund is laughable, but even if there was, it’s all gone now. When you pay into social security, you are not pooling with others to cover yourself, in fact, you’re getting way less than you’ve paid into. Take into account inflation since the 30s, and you’re getting criminally ripped off. Never mind that it won’t even be available for my generation and we’re forced to keep paying the tax.

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SS is a tax that is put into an imaginary "Trust Fund." That fund pays considerably less interest than the rate of inflation. It's skimming scheme.

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These things work great until the disbursements outgrow the taxes being taken in...much like a ponzi scheme.

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I can't believe this had to be explained.

Some young people need to be reformed. If they worked half as much as they bitch, they’d be fine.

Keep paying bitch. I need a raise.

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GenX

We are paying for all this crap for Boomers that we will never get.

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That's very possible; I've never included SS in any retirement planning. If I get it there's a strong possibility we'll punish success and I'll be means tested.

The point I was making is that any generation close to retirement age is going to be more cautious about reforming their benefits. It has nothing to do with the fact that they're Boomers; if SS is still around people will be writing articles about how young Americans are turning against Gen Z because Gen Z is more resistant to SS reforms than they are.