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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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thoughtcrimeboss
@thoughtcrimeboss
For one we treated our elderly way better before SS, now we just dump them in crappy nursing homes the first chance we get. A world without SS existed less than a century ago. First SS checks went out in 1940, so for the majority of American history there was no SS checks for the elderly and I've never heard any stories of hordes of starving old people from pre SS days. There was a statistically significant increase in mortality during the great depression among the elderly but considering the circumstances I don't think that alone justified this scam. If people get to keep the money that is being stolen from them and invest it themselves (even if you are still forced to pay into a self directed retirement account rather than SS), the net increase in wealth will lead both an increase in charitable giving and less poverty among elderly. The churches and non profits will help care for the ones that slip through the cracks. Net positive for sure. I know people want to save everyone but mass theft isn't the way.
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Augustvscaesar.eth
@augustuscaesar
Does there? Idk man I kinda despise social security.
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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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