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Originally Posted by jviehe
Except there is no eventual rescue. At some point the services will be unsustainable. Our entire GDP will be given over to entitlements. At that point, there is no point in working, and GDP goes down making it worse.
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You aren't making sense, when will entitlements be equal to the entire GDP?
Face the facts, Social Security is an immensely popular program that is an unquestionable success. True, there are ideological reasons to oppose it, but that only brings the validity of the ideology into question.
When Thomas Paine proposed an inheritance tax to fund a 10 pound a year payment to every citizen over the age of 50, it was a pretty radical idea. But in the centuries since then we've seen that public pensions work.
And while there was a movement to privatize public pension plans a few decades ago, the experience in those countries that succumbed to this ideological excess has only reinforced the fact that the US Social Security system is the most successful pension plan in the world.