“Since people of my generation are being forced to pay for a system that we will never get a penny from, the sooner it fails, the better, I say.”
The Social Security system gets revenue of ~$800 billion/year.
People could tell Charles Ponzi to take a hike, but the federal government insists on its take.
“Politicians will never be motivated to get a better system in place until it fails completely.”
Take out the word “completely” and I’ll agree.
“The Social Security system gets revenue of ~$800 billion/year.
People could tell Charles Ponzi to take a hike, but the federal government insists on its take.”
That sounds impressive but it really doesn’t change the ultimate fact that people my age will never see a penny of it (unless we game the system by claiming a disability to get the money now). We’ll still be expected to keep paying in our whole lives, but the system won’t be solvent by the time we can claim benefits.
There was a point where that fact could have changed, but we have past that point a while back because the politicians would not do anything to fix it. Now it’s too late, the math won’t work any way you slice it.