this post was submitted on 04 Jan 2024
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The future of Bidenomics: You pay Social Security tax on all of your income? (www.foxbusiness.com)
submitted 9 months ago by wintermute_oregon@lemm.ee to c/conservative@lemm.ee
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That’s a hard pass for me. I’d rather opt out of social security. It’s a ponzi scam. If the government had put that into a private account, I’d have millions of dollars in there.

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[–] jordanlund@lemmy.world 1 points 9 months ago (1 children)

If social security collapses, millions of seniors will be destitute, and those of us who have been paying into it all our adult lives will get nothing and riot in the streets.

You don't fully comprehend the ramifications of what you're calling for.

[–] wintermute_oregon@lemm.ee -4 points 9 months ago (1 children)

I’d rather take the pay increase then continue funding a Ponzi scheme.

[–] jordanlund@lemmy.world 1 points 9 months ago (1 children)

Your pay increase, which isn't an increase, it's merely maintaining the status quo, benefits you and you alone.

Fully contributing to SSI benefits EVERYONE. Surely you can see that difference?

[–] wintermute_oregon@lemm.ee -3 points 9 months ago (1 children)

It isn’t my job to pay for everyone else’s retirement. People need to be responsible for their own retirements.

[–] jordanlund@lemmy.world 0 points 9 months ago

It's your responsibilty, as a human being, to contribute to the betterment of society.

Doing that ALSO benefits you because it ensures that people won't be coming to burn your house down if society collapses.