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Reason: None provided.

Great point. The whole program is the ultimate in socialist style policy as is the philosophy behind it. The sheeple cannot be expected to save for their own retirements, so out of "compassionate governance" we will take some off the top and save it for them.

Oh, but we can't just give it to you when you're old enough... you have to clear a bunch of complex hurdles. And we need more money now, too much to ask from just you, so we asked your employer to make matching payments.

Which was JUST FINE back when people spent their entire careers at one or two companies.... but its KINDA GETTING COMPLICATED now that people have 1100 jobs on their resume and change jobs every 3 months...

So the company needs to steal your productivity for protection and basically treat employees like hostile actors just digging into their profit margins.... so raises and maximum wages/salaries are CAPPED because you can't afford to keep working for us and we can't afford to keep you. Sorry about that American dream I guess!

Oh and about the money, we're not going to like, invest it or anything, heck, we don't even think about stuff like the rule of 72, compounding interest, or time value of money. We do adjust payments for inflation though - once you're RECEIVING THEM, I mean - do you expect to get back an inflation-adjusted sum from the time you started to pay in? We don't have fuckin' RAIN MAN working here for crying out loud! 😂🤣😪

Why not make money on that money, you ask? Especially when most people who take charge of their own 401k or opt for an IRA (or even have any savings in today's America, LOL good joke right!?) typically put that money to work in the stock market, or even just a sad little savings account in a bank? Why don't we do any of that with SS?

Well, its because we spent that shit! Damnit, WE LIKE spending it - hahaha its our dirty little secret - in fact, we get the Fed to print money in advance, and go ahead and SPEND the FORECAST #s of what's coming in to SS for years ahead! Can't invest what ya don't have! Oooh aint we some little devils! Tee hee

...ahem. Its because Republicans want to PRIVATIZE SOCIAL SECURITY and pay their BILLIONAIRE BUDDIES on Wall Street, and give it to Jordan Balfour to gamble away on roulette stocks! They are going to bankrupt American seniors if they have their way! We have to stop them.

Sorry, I just can't help myself. 🤣😆

1 year ago
1 score
Reason: Original

Great point. The whole program is the ultimate in socialist style policy as is the philosophy behind it. The sheeple cannot be expected to save for their own retirements, so out of "compassionate governance" we will take some off the top and save it for them.

Oh, but we can't just give it to you when you're old enough... you have to clear a bunch of complex hurdles. And we need more money now, too much to ask from just you, so we asked your employer to make matching payments.

Which was JUST FINE back when people spent their entire careers at one or two companies.... but its KINDA GETTING COMPLICATED now that people have 1100 jobs on their resume and change jobs every 3 months...

So the company needs to steal your productivity for protection and basically treat employees like hostile actors just digging into their profit margins.... so raises and maximum wages/salaries are CAPPED because you can't afford to keep working for us and we can't afford to keep you. Sorry about that American dream I guess!

Oh and about the money, we're not going to like, invest it or anything, heck, we don't even think about stuff like the rule of 72, compounding interest, or time value of money. We do adjust payments for inflation though - once you're RECEIVING THEM, I mean - do you expect to get back an inflation-adjusted sum from the time you started to pay in? We don't have fuckin' RAIN MAN working here for crying out loud! 😂🤣😪

Why not make money on that money, you ask? Especially when most people who take charge of their own 401k or opt for an IRA (or even have any savings in today's America, LOL good joke right!?) typically put that money to work in the stock market, or even just an interest bearing account at a bank? Why don't we do any of that with the Social Security fund?

Well, its because we spent that shit! Damnit, WE LIKE spending it - hahn its our dirty little secret - in fact, we get the Fed to print money in advance, and go ahead and SPEND the FORECAST #s of what's coming in to SS for years ahead! Can't invest what ya don't have! Oooh aint we some little devils! Tee hee

...ahem. Its because Republicans want to PRIVATIZE SOCIAL SECURITY and give it to their BILLIONAIRE BUDDIES on Wall Street, and give it to Jordan Balfour to gamble away on roulette stocks! They are going to bankrupt American seniors if they have their way! We have to stop them.

Sorry, I just can't help myself. 🤣😆

1 year ago
1 score