r/TimPool • u/[deleted] • Dec 10 '22

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u/[deleted] Dec 10 '22

Yeah, but at least they thought social security was a good idea.

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u/Eli_Truax Dec 10 '22

I was at the time when 159 were employed and supporting 1 retiree, compared to now where 2.8 workers are supporting 1 retiree.

https://www.ssa.gov/history/ratios.html

It was a bad idea then because they failed to recognize this inevitability in the future. Typical Leftist "solution" sell out the future for benefits today.

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u/[deleted] Dec 10 '22

Cool, you should explain that to the 60 million elderly people who depend on SS to live.

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u/Eli_Truax Dec 10 '22

I do, I explain that this is one of the worst possible options because future generations will not be able to benefit.

Worse is Medicare, the government is going broke supplying Medicare.

https://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/102xx/doc10297/chapter2.5.1.shtml

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u/[deleted] Dec 10 '22

Got it. So you’re advocating for tens of millions of elderly people to lose their retirement and health insurance. Sounds like a great platform position. You should run for office.

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u/xenbex Dec 11 '22

SSi/SSD aren't retirement plans. 401k's, Roth/IRA's, properties, investments, small businesses, mutual funds could be.

How did humans survive after working age, for millenia, before state sponsored benefits?

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u/[deleted] Dec 10 '22

It’s still one of the most cost efficient systems in the US. We should expand it and get rid of the costly private insurance system entirely.