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thoughtcrimeboss
@thoughtcrimeboss
Social security is the world's largest ponzi scheme and is doomed to fail. Currently you can only opt out of the program if you meet very specific criteria such as religious exemptions. Everyone should have the right to opt out of both paying into SS and collecting benefits. Most people can do a better job of managing money than the Gov can and the opp. cost of paying into SS is high. Imagine if you could of just used the $ you have paid into SS to DCA into BTC or even stocks. It's time to phase this inefficient socialist program out. With fractional shares and no commissions, investing is easier than ever and we would be better off if we could just invest this $ for ourselves. Thanks to real inflation being much higher than the official numbers, cost of living increases to SS payments have not kept pace with reality, making it very hard to live off SS alone. Anyone want to try to convince me that this program is sustainable? https://reason.com/2024/11/18/social-security-approaches-its-day-of-reckoning/
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Jared 🎩
@javabu.eth
I can't see a world without SS. There needs to be a safety net for the elderly.
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Sterling Schuyler
@sterschuyler
I second this - elderly poverty is a tragedy. SS needs a revamp. What that looks like, I have no idea. I could see something like the pension system in the Netherlands, but instead of a monthly allowance, people get the bulk sum of their retirement to do as they wish. https://warpcast.com/sterschuyler/0xbf30aa21
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Jared 🎩
@javabu.eth
IMO, the issue is that people are stupid and don't always have their best interest at heart. A bulk sum is great until they lose it. Unless we want thousands of elderly individuals living on the streets/dying in mass, we will need some type of ponzi gvmnt safety net.
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