The roughly 65 million retirees who collect Social Security benefits in the US will get a 8.7% increase next year, the largest bump since 1981, to compensate for the highest inflation bout in decades
Problem is the inflation numbers are made up. It's a lot more. Next month well over 9% and climbing. They just needed to hold the appearance down until the COLA decision was made.
It is not a scam, the scammers are the politicians who illegally grift from the monies.
Prosecute them and it stops.
You do have the freedom to invest as you wish, same as I did. I set up a couple 401s, broke into the first one when a kid got kidnapped and broke into the second one to finance a business, and still paid every dime demanded into SS.
You're letting your fee-fees talk for you, accusing good people of 'allowing government to rob future'...
It isn't socialist, it is investing, and like all investments managed by humans it is susceptible to corruptions by humans. Socialists don't invest in anything, they just take with no promise or guarantee or Law supporting the investment.
Raise your sights - if you wish to put money in a 401 or silver nothing is stopping you. I did, and I did it under harsh conditions too. SS works for me because I participate in it correctly, it was always meant to be complimentary to 'your' savings plan. The monies honest taxpayers receive from it is their (our) money.
Be sure you demand yours when you may- it is yours.
One that I'm forced to participate in. I demanded for years to be excluded because I want to put all of my income into my own savings and investments. almost half what they take from me goes to SS and I'm being forced to put my money in an investment I want nothing to do with for the "good of society", that is a SOCIALIST program.
Still no, same as paying taxes to fund cops is not socialism or paying taxes to fund defense is not socialism. It is a contract with Society.
You can vote it gone if you like, or arrange your finances so that you don't pay, I did that for a while myself. You cannot vote socialisms gone, they don't exist as contracts, only as grift.
The job of the fed gov was to protect citizens, those are exactly the services taxes were meant to pay for. Forcing people to pay huge percentages of their income into an investment plan for retirement is socialism, just like forcing people to pay for medical insurance is socialism.
The job of the Feds is to provide infrastructures too, essentials deemed needful to a Free Society. It is not socialism to fund them, but ok, have it your way.