A Boring Dystopia

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Keep in mind that social security is set to run out in 10 years time. (lemmy.world)

submitted 10 months ago by STRIKINGdebate2@lemmy.world to c/aboringdystopia@lemmy.world

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[–] ArbitraryValue@sh.itjust.works 13 points 10 months ago (4 children)

At least in principle, social security is a mandatory way of saving for retirement, not simply a tax. In that context, it makes sense that contributions are capped if payouts are capped.

[–] zout@kbin.social 7 points 10 months ago (1 children)

Then why are CEO's even paying for it?

[–] Thaumiel@lemmy.world 3 points 10 months ago

Because it's cheaper for them than actual social safety nets.

[–] rynzcycle@kbin.social 5 points 10 months ago

Right, but it's not really and hasn't been for a while. It's at best a ponzi scheme and a lot of us have been left holding the bag.

It's time to make it what it always should have been, a little touch of socialism so that people don't die/go hungry/end up homeless when they are too old to work.

[–] vagrantprodigy@lemmy.whynotdrs.org 4 points 10 months ago (1 children)

It's the shittiest way possible to save for retirement.

[–] CarbonatedPastaSauce@lemmy.world 8 points 10 months ago (1 children)

But have you seen my Beanie Baby retirement fund?

[–] MossyFeathers@pawb.social 1 points 9 months ago

Hey, there are a few beanie babies that are actually worth something now. That said, they're only worth something because they're rare, most people that had them didn't keep them in an acrylic case for 30yrs, and iirc their value is ironically tied to manufacturing defects.

[–] prole@sh.itjust.works 1 points 9 months ago* (last edited 9 months ago)

Social Security is not "a mandatory way of saving for retirement," that's a bullshit way of looking at it. You are not putting money into an account, and getting that money back when you retire. It 100% is a tax. Tax is not a bad word. It's a social safety net, payouts should be capped, but contributions should not be (or if they are, it should be much much higher).

That's how functioning societies work. They take care of their old and infirmed.