but is your conclusion that the math of Social Security is basically something that does not work? That is my conclusion. I see it as a Ponzi scheme.
Yes. The only way it has kept going this long is by raising the combined tax rate from 2% to 12.6% (temporarily lowered to 10.6% now) and raising the cap from $3,000 to $110,100 while if it kept up with inflation it would only be $46367.
***I see it as a Ponzi scheme. ***
A few months ago AARP Bulletin had an editorial on how the SS program was NOT a Ponzi Scheme. Over and over the said the same thing in the article.
So, It is NOT a Ponzi Scheme!
Then a few pages on there was an article by Jane Bryant Quinn in which she told how the SS system worked. Her description, without saying it, was just like a Ponzi scheme.