patrick.net

The Democrats had my dad worried SS would be broke by 1999.

He was so scared he voted for every Democrat scumbag that are still actively trying to defund SS and give it to illegal aliens and shiftless lazy Urban Dweebs

HEYYOU says

How many Republicans only paid 1/2 of their SS tax while the employer paid 1/2?

There's an economic concept called "tax incidence" at play. Basically, it is irrelevant how the SS tax is payed — employee or employer or split the difference. In the end, the effect is the same.

This gives some further information: https://www.ocf.berkeley.edu/~sjblatt/economics/incidence.html

The article is far to literal when chastising people for thinking that SS will go bankrupt.

If Social Security starts "means testing" and I receive absolutely nothing in retirement, then — from my perspective — it is as good as bankrupt. To some extent, it is already a little bit means tested: some portion of the payout is taxed at my ordinary income tax bracket so I'll lose something nearing 40% (I live in California).


The article also gives the pathetic liberal whine that "the rich" only pay the 15% SS tax on the first $128k of income and "the rich" tend to live longer in retirement. Well, "the rich" get a really lousy deal out of SS: after paying in based on $128k of yearly income their entire life they receive $35k/year. People who pay in based on $35k of yearly income their entire life receive something like $25k of yearly benefit. The benefits are massively "progressive."