Social Security
Out of context: Reply #25
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- GreedoLives0
I'm still hazy on how the whole thing is supposed to work. If your personal account runs out of money, what then? Are you screwed or does the government start chipping in?
I personally think that SS should stay like some giant insurance, with everybody carrying each other. But at the same time, SS is inherently unfair to certain demographic groups, like black people. Most of them have shorter live expectancies than the average white guy, meaning they pay way more than they get back. So in a sense the proposal that your descendants could inherit the balance of your account would benefit those groups immensely. But that at the same time, since the removal of the inheritance tax, is another giant handout to the rich as well.
Either way, Bush's insane financial policies are gonna bite this country in the ass very soon.