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.
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.
The difference between Social Security and a Ponzi Scheme is the Ponzi lures people in with promises of high rate of return. Social Security is involuntary and promises flat returns (not even rate since deduction amounts are different based on earnings).
Social security is no different. It’s claim much more than the average person puts in and the government isn’t generating any real interest to pay for it.
It’s why the system is in trouble. It’s a ponzi design. I have no interest in it. It steals wealth from people.