By jwatte
That would be true if Social Security was an investment. However, it is a social welfare program and a tax combined into one.
In 2040 when the current balance is tipped, that program can become solvent without increasing the tax by reducing payouts by 25%.
Meanwhile, the current federal budget is only funded to about 2/3, so there are other programs I’d worth about earlier, if I’d care about programs and the taxes funding them.
Read more here: https://news.ycombinator.com/item?id=10660883
jwatte comments on "SEC charges GAW Miners and ZenMiner as a Ponzi scheme [pdf]"
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