Quote:
Originally Posted by Riot
Social Security isn't supposed to "pay for retirement", it's a social program. A fallback. Because some Americans care about their fellow citizens.
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Nope. That might have been the original motivations of some legitimately kind, but misguided, people.
It persists not because "some Americans care about their fellow citizens", but because all Americans are coerced into surrendering about 16% of their income to the program. I deliberately say 16% because the "you pay 8% and your employer pays 8%" is utter nonsense. The employee pays it all, just like every other tax. You can bin it up any way you like, but the fact is your employer, should you be enough of a sucker to work, views it as "the cost to employ John Q. Public"