Social Security as Entitlement Program - Deepstash

Social Security as Entitlement Program

The current system is an entitlement program in which everyone gets to claim a retirement pension from the state (that is, from working taxpayers), regardless of whether they’ve been industrious and thrifty. 

You are not saving for your retirement at all; you are paying for the retirement of others, and hoping that later on someone else will pay for yours and that someone will manage this system efficiently.

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lolaf

"You have to go broke three times to learn how to make a living." ~ Casey Stengel

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