Social Security Fraud

[Moonglow]

Nope. Alive.

Nope, the top recipients would be those to get SS first, and that was:

The first recipient of a monthly Social Security check was Ida May Fuller, a Vermont schoolteacher and legal secretary, who received a check for $22.54 on January 31, 1940.

She be dead.

 

[kyzr]

It's your money. You earned it. Do with it what you like.
Explain "social" "security" to a space alien. Hey, mister alien; ya, we have this ludicrous system where we take this guy's money and give it directly to this other guy.

You pay into SS during your working life and get benefits after reaching the age of 65.
Whine all you want, its here to stay newbie.

 

[itfitzme]

Ah, you are a bot.

 

[No Way]

Nope, the top recipients would be those to get SS first, and that was:

The first recipient of a monthly Social Security check was Ida May Fuller, a Vermont schoolteacher and legal secretary, who received a check for $22.54 on January 31, 1940.

She be dead.

lol Do you seriously not no the meaning of pyramid scheme?

 

[Moonglow]

lol Do you seriously not no the meaning of pyramid scheme?

Yes, we can tell by yer fright over the subject matter.

 

[No Way]

This thread is hilarious. Yes, all is well, old geezers.

 

[Moonglow]

This thread is hilarious. Yes, all is well, old geezers.

Don't you worry, we'll spend it all dry fer yous.

 

[No Way]

There were 160 workers per retiree when SS started in '35. You could collect at 65, but average life expectancy was about 61. Good deal, right?

Life expectancy in 2025 is now over 80, and you can collect retirement at 62. There are now ~2 workers for every retiree.

This is a textbook pyramid scheme.

Hell, you old fools could even update this chart...if you were not so foolish. lol

 

[initforme]

Social Security -- the largest pyramid scheme in history

Call it whatever you want. It's helped more Americans than anything this nation has done, bar none.

 

[j-mac]

Critics of trump deny there is massive fraud

But there is a lot of evidence that the fraud exists

But dems say they deserve due process….Even after they’ve been deported 3 times already, and are here again ripping off SS….

 

[kyzr]

This thread is hilarious. Yes, all is well, old geezers.

No reply to post-19 kid?

Stupid is as stupid posts...

 

[No Way]

No reply to post-19 kid?

Stupid is as stupid posts...

Well, of course! Pay no attention to that "trust" fund depletion! We just need more magic fairy dust!

 

[No Way]

Here's your solution. Pick one or a combo.

1. raise worker taxes
2. reduce benefits
3. increase retirement age
4. increase fertility
5. increase immigrant workers

 

[No Way]

Yo geezers!

I have a great opportunity for you. You make money by selling products online. Actually, you don't sell a thing. You recruit others to sell. You sit back, watch the money roll in, and STILL continue to post all day here!

Come on, the big bucks are waiting!

 

[initforme]

With all the waste and fraud found those trillions can be put back into the system.

 

[kyzr]

Well, of course! Pay no attention to that "trust" fund depletion! We just need more magic fairy dust!

Now you sound stupid. You ride to school on the short bus?

Read this recopied from post-19

"Social Security will not be depleted in 2033—the OASI Trust Fund would be. And should that happen, retirees would still receive approximately 76% of their benefits.
That’s because your monthly check is paid for by the payroll taxes of current workers as well as from the trust. In other words, as long as there are Americans working and paying taxes, Social Security will continue to pay out benefits, even if they’re somewhat reduced from current levels."

To "fix" SS for the long term raise/remove the cap, and/or raise the 63 early retirement age, and/or raise the 67 full retirement age since workers are living longer.

 

[Toddsterpatriot]

Invest the “Trust Fund” in US Equities! It should earn returns like anyone in Congress

We could start a "Congressional Hedge Fund".
Invest in the same stocks at the same time they do.
Benefits would triple.

 

[Mac-7]

We know fraud exists. You could always go find out about it on the Social Security website. Fraud Prevention and Reporting | SSA

The Office of the Inspector General Office of the Inspector General has been working on it for decades.

You haven't discovered anything new

Sure, but rather than a few isolated examples DOGE is going after the whole ball of wax

And notice the pattern of the IG fraud

Foreigners are heavily represented

 

[Marener]

Clean up the fraud and raise the retirement age is the answer

All you’re doing is punishing future generations for your generations fuck up.

How is that moral?

 

[Mac-7]

All you’re doing is punishing future generations for your generations fuck up.

How is that moral?

We are living longer

75 is the new 60

And every mexican citizen who draws a SS unlawfully is taking food out of future retirees mouths

And, if they are drawing SS many of them are voting also