Current Events > Whats gonna happen to all the money young people pay into social security?

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solosnake 09/25/21 2:09:06 PM #1:	Do they all just lose that money when the system goes bankrupt and crashes? Current estimates have it running out of funds by 2033 --- "We would have no NBA possibly if they got rid of all the flopping." ~ Dwyane Wade https://imgur.com/MYYEIx5 https://imgur.com/WGE12ef <cite>solosnake posted [p:958404549] in Whats gonn... [t:79679185]...</cite> <quote>Do they all just lose that money when the system goes bankrupt and crashes? Current estimates have it running out of funds by 2033 </quote> ... Copied to Clipboard!
Chesh 09/25/21 2:10:15 PM #2:	solosnake posted... Do they all just lose that money when the system goes bankrupt and crashes? Yep. --- We shall begin anew. <cite>Chesh posted [p:958404578] in Whats gonn... [t:79679185]...</cite> <quote>solosnake posted... </cite> <quote>Do they all just lose that money when the system goes bankrupt and crashes?</quote>Yep. </quote> ... Copied to Clipboard!
Solar_Crimson 09/25/21 2:11:24 PM #3:	Thanks, Boomers. --- I often wonder if we are growing as a people... or in fact, regressing. <cite>Solar_Crimson posted [p:958404604] in Whats gonn... [t:79679185]...</cite> <quote>Thanks, Boomers. </quote> ... Copied to Clipboard!
berlyman101 09/25/21 2:11:47 PM #4:	poof --- http://www.lukesurl.com/comics/2010-02-24-determinism.png <cite>berlyman101 posted [p:958404612] in Whats gonn... [t:79679185]...</cite> <quote>poof </quote> ... Copied to Clipboard!
ThePrinceFish 09/25/21 2:12:50 PM #5:	Perhaps the government will steal from the next generation in order to provide a payout. And then when it comes time to reimburse them, they'll take more from the next generation after that. --- Then shall the righteous shine forth as the sun in the kingdom of their Father. Who hath ears to hear, let him hear. <cite>ThePrinceFish posted [p:958404630] in Whats gonn... [t:79679185]...</cite> <quote>Perhaps the government will steal from the next generation in order to provide a payout. And then when it comes time to reimburse them, they'll take more from the next generation after that. </quote> ... Copied to Clipboard!
R_Jackal 09/25/21 2:13:08 PM #6:	The taxes going in are still going to cover about 75% of Social Securities pay outs from current forecasts. So... You'll still get it, just less. Contrary to popular belief when the trusts dry up, Social Security will still keep going, just less efficiently. <cite>R_Jackal posted [p:958404639] in Whats gonn... [t:79679185]...</cite> <quote>The taxes going in are still going to cover about 75% of Social Securities pay outs from current forecasts. So... You'll still get it, just less. Contrary to popular belief when the trusts dry up, Social Security will still keep going, just less efficiently. </quote> ... Copied to Clipboard!
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Jiek_Fafn 09/25/21 2:15:40 PM #8:	R_Jackal posted... The taxes going in are still going to cover about 75% of Social Securities pay outs from current forecasts. So... You'll still get it, just less. Contrary to popular belief when the trusts dry up, Social Security will still keep going, just less efficiently. This Which still sucks but it's been an open secret that it's not 100% sustainable for most of our lives. So at least we're mentally prepared. --- I don't believe in belts. There should be no ranking system for toughness. <cite>Jiek_Fafn posted [p:958404700] in Whats gonn... [t:79679185]...</cite> <quote>R_Jackal posted... </cite> <quote>The taxes going in are still going to cover about 75% of Social Securities pay outs from current forecasts. So... You'll still get it, just less. Contrary to popular belief when the trusts dry up, Social Security will still keep going, just less efficiently.</quote>This Which still sucks but it's been an open secret that it's not 100% sustainable for most of our lives. So at least we're mentally prepared. </quote> ... Copied to Clipboard!
hockeybub89 09/25/21 2:16:38 PM #9:	Boomers hate when we give people things they didn't have, but they'll take social security checks just fine --- http://card.psnprofiles.com/1/NIR_Hockey.png http://www.last.fm/user/hockeybub89/ <cite>hockeybub89 posted [p:958404727] in Whats gonn... [t:79679185]...</cite> <quote>Boomers hate when we give people things they didn't have, but they'll take social security checks just fine </quote> ... Copied to Clipboard!
Southernfatman 09/25/21 2:17:14 PM #10:	Boomers climbed the ladder and pulled it up with them and then accuse those who come after them of being lazy and entitled. Guess I'm glad I'll more than likely be dead before I get old. --- https://imgur.com/hslUvRN When I sin I sin real good. <cite>Southernfatman posted [p:958404744] in Whats gonn... [t:79679185]...</cite> <quote>Boomers climbed the ladder and pulled it up with them and then accuse those who come after them of being lazy and entitled. Guess I'm glad I'll more than likely be dead before I get old. </quote> ... Copied to Clipboard!
Turtlemayor333 09/25/21 2:17:58 PM #11:	https://youtu.be/4xKWtaA1NFM?t=60 --- https://imgur.com/WWk7D https://imgur.com/hE7v5GL https://imgur.com/sY9YLKe https://imgur.com/9e67vqt <cite>Turtlemayor333 posted [p:958404759] in Whats gonn... [t:79679185]...</cite> <quote>https://youtu.be/4xKWtaA1NFM?t=60 </quote> ... Copied to Clipboard!
Paragon21XX 09/25/21 2:21:16 PM #12:	Social Security is currently a "pay it forward" type of deal. We are not paying into our own social security benefits but rather paying directly for the benefits of those that are already retired and collecting. If it runs out of funds (caused by paying out more than it takes in), it only means that those collecting it will have their monthly amounts slashed so that Social Security breaks even until Congress can get their shit together and fix it like it did in 1983. --- Hmm... <cite>Paragon21XX posted [p:958404829] in Whats gonn... [t:79679185]...</cite> <quote>Social Security is currently a "pay it forward" type of deal. We are not paying into our own social security benefits but rather paying directly for the benefits of those that are already retired and collecting. If it runs out of funds (caused by paying out more than it takes in), it only means that those collecting it will have their monthly amounts slashed so that Social Security breaks even until Congress can get their shit together and fix it like it did in 1983. </quote> ... Copied to Clipboard!
DogOfPeace 09/25/21 2:32:14 PM #13:	Automation = less jobs = less people paying into social security = were fucked --- Woof! <cite>DogOfPeace posted [p:958405116] in Whats gonn... [t:79679185]...</cite> <quote>Automation = less jobs = less people paying into social security = were fucked </quote> ... Copied to Clipboard!
Broseph_Stalin 09/25/21 2:33:19 PM #14:	DogOfPeace posted... Automation = less jobs silence, luddite <cite>Broseph_Stalin posted [p:958405145] in Whats gonn... [t:79679185]...</cite> <quote>DogOfPeace posted... </cite> <quote>Automation = less jobs</quote> silence, luddite </quote> ... Copied to Clipboard!
DogOfPeace 09/25/21 2:35:29 PM #15:	Broseph_Stalin posted... silence, luddite lmao ok Please do explain to us how robots will pay into social security --- Woof! <cite>DogOfPeace posted [p:958405198] in Whats gonn... [t:79679185]...</cite> <quote>Broseph_Stalin posted... </cite> <quote>silence, luddite</quote> lmao ok Please do explain to us how robots will pay into social security </quote> ... Copied to Clipboard!
Broseph_Stalin 09/25/21 2:41:50 PM #16:	They don't. Just like tractors and assembly lines don't pay taxes. <cite>Broseph_Stalin posted [p:958405338] in Whats gonn... [t:79679185]...</cite> <quote>They don't. Just like tractors and assembly lines don't pay taxes. </quote> ... Copied to Clipboard!
ElatedVenusaur 09/25/21 2:46:10 PM #17:	DogOfPeace posted... Automation = less jobs = less people paying into social security = were fucked I mean, its theoretically an easy fix, but good luck ever raising the income cap on the payroll tax. The Dems dont even scrap all of Republican tax cuts, can you imagine them increasing them? --- She/her <cite>ElatedVenusaur posted [p:958405449] in Whats gonn... [t:79679185]...</cite> <quote>DogOfPeace posted... </cite> <quote>Automation = less jobs = less people paying into social security = were fucked</quote>I mean, its theoretically an easy fix, but good luck ever raising the income cap on the payroll tax. The Dems dont even scrap all of Republican tax cuts, can you imagine them increasing them? </quote> ... Copied to Clipboard!
1337toothbrush 09/25/21 2:49:35 PM #18:	Don't let them take it away. They keep repeating that it's insolvent because that's what they want you to expect and accept. They made it that way and it's a very easy "problem" to solve. If I don't get social security benefits when I retire, I'm going to be out protesting in the streets. I don't care if my personal investments will cover my retirement. It's my goddamn money and I'm owed it. --- https://imgur.com/a/FU9H8 - https://imgur.com/ZkQRDsR - https://imgur.com/2x2gtgP <cite>1337toothbrush posted [p:958405540] in Whats gonn... [t:79679185]...</cite> <quote>Don't let them take it away. They keep repeating that it's insolvent because that's what they want you to expect and accept. They made it that way and it's a very easy "problem" to solve. If I don't get social security benefits when I retire, I'm going to be out protesting in the streets. I don't care if my personal investments will cover my retirement. It's my goddamn money and I'm owed it. </quote> ... Copied to Clipboard!
Prismsblade 09/25/21 2:52:41 PM #19:	It wasn't designed to benefit more then the boomers. So until their all dead nothing is going to be done about it at all. --- 3DS FC:3368-5403-9633 Name: Kaizer PSN: Blackkaizer <cite>Prismsblade posted [p:958405614] in Whats gonn... [t:79679185]...</cite> <quote>It wasn't designed to benefit more then the boomers. So until their all dead nothing is going to be done about it at all. </quote> ... Copied to Clipboard!
rexcrk 09/25/21 3:18:02 PM #20:	Just give my money now. Im smart enough to keep it around for retirement. --- Bah weep grannah weep ni ni bon <cite>rexcrk posted [p:958406285] in Whats gonn... [t:79679185]...</cite> <quote>Just give my money now. Im smart enough to keep it around for retirement. </quote> ... Copied to Clipboard!
DogOfPeace 09/25/21 3:51:31 PM #21:	Broseph_Stalin posted... They don't. Just like tractors and assembly lines don't pay taxes. exactly. Thanks for playing --- Woof! <cite>DogOfPeace posted [p:958407149] in Whats gonn... [t:79679185]...</cite> <quote>Broseph_Stalin posted... </cite> <quote>They don't. Just like tractors and assembly lines don't pay taxes.</quote> exactly. Thanks for playing </quote> ... Copied to Clipboard!
Broseph_Stalin 09/25/21 6:10:25 PM #22:	The point. The luddite's head. <cite>Broseph_Stalin posted [p:958410866] in Whats gonn... [t:79679185]...</cite> <quote>The point. The luddite's head. </quote> ... Copied to Clipboard!
1337toothbrush 09/25/21 6:21:27 PM #23:	Prismsblade posted... It wasn't designed to benefit more then the boomers. So until their all dead nothing is going to be done about it at all. How was it designed to help only boomers when the program was created before they were born? --- https://imgur.com/a/FU9H8 - https://imgur.com/ZkQRDsR - https://imgur.com/2x2gtgP <cite>1337toothbrush posted [p:958411164] in Whats gonn... [t:79679185]...</cite> <quote>Prismsblade posted... </cite> <quote>It wasn't designed to benefit more then the boomers. So until their all dead nothing is going to be done about it at all.</quote>How was it designed to help only boomers when the program was created before they were born? </quote> ... Copied to Clipboard!
Zeus 09/25/21 6:24:12 PM #24:	It's going to be the world's worst magic trick. 1337toothbrush posted... How was it designed to help only boomers when the program was created before they were born? This so hard. --- (\/)(\/)\|-\| There are precious few at ease / With moral ambiguities / So we act as though they don't exist. <cite>Zeus posted [p:958411245] in Whats gonn... [t:79679185]...</cite> <quote>It's going to be the world's worst magic trick. 1337toothbrush posted... </cite> <quote>How was it designed to help only boomers when the program was created before they were born?</quote> This so hard. </quote> ... Copied to Clipboard!
Flauros 09/25/21 6:25:22 PM #25:	Consider it a forced donation. You should feel great knowing that you are helping others. --- https://imgur.com/EX6Md7k https://imgur.com/X4cT0Sp Yim/Yum https://imgur.com/A3kur0P https://imgur.com/Hj9RrC6 <cite>Flauros posted [p:958411282] in Whats gonn... [t:79679185]...</cite> <quote>Consider it a forced donation. You should feel great knowing that you are helping others. </quote> ... Copied to Clipboard!
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Current Events > Whats gonna happen to all the money young people pay into social security? (+) Yeah! (+)

Current Events > Whats gonna happen to all the money young people pay into social security?