politics

Only in the US could we be required to pay into social security, a program that has a -4% return, and people still fight for it to exist.

Working on building zkTLS infra/products. A ruthless empiricist and meme connoisseur.

http://opacity.network

Or maybe it's intentionally sabotaged after decades of curtailing to result in -4% return.

Because other countries are quite happy with their social security.

https://chainleft.art

Dad, data scientist, blockchain native artist.

Power consolidation=evil.

How was it sabotaged? It works pretty much how it was originally designed.

I'd say, it doesn't. They have riots in France every couple years when necessary changes are made. Other developed countries are aging rapidly and the upcoming years won't be fun when they have to decide between raising retirement ages and raising taxes on the shrinking working-age population.

Also, it's hard to find data on this so it's a generalization, but individuals in other countries are much less likely to invest in stocks and mutual funds compared to Americans. Social security or pensions are the default.

Why does it work fine in other developed countries?