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

Not going to say there aren’t problems with SS, yet I’ve always thought of it as a safety net for lower income earners.  

And less of social security as “my investments”.  

Would be happy to see cap raised further to increase the sustainability of it going forward.

Could have been managed much better though.

Growing veggies for the fine folks of Southeastern Massachusetts, w/ a focus on nutrient quality. Always interested in the evolution of digital payments.  🎩 

My point is simply if you took the required amount and put it into the S&P500 the lower income earners would be much better off.

I'm all for this, but that's cause I'm a socialist and believe the government should own a higher percentage of the American economic powerhouse.

I think when op realizes he's talking about socialism his position will change fast.

Founder of Crow Web3 Agency. Lead developer of BecomeNovus.

Solidity/Typescript/Javascript/Rust/Python

SEA => NYC => SF

But Social security insurance != tax loophole accounts. It's dumb to compare the two. The reason we have social security isn't to optimize savings for individuals. We can do that without the govt. We have it to combat elderly poverty and increase life expectancy.

You don’t need a socialist policy to achieve this. Roth IRAs already have all of this supported.

If you withdraw from it before you retire you get a huge tax obligation.