Social Security will collapse on its own without any help from Trump.
When the baby boomers were working, the tax base was very plentiful for income redistribution through Social Security.
When that demographic bubble is retired, there will not be the tax base to pay all of them Social Security as it stands currently.
People should take that money and invest it themselves. Why should we give it to the government just to have the government supposedly give it back to us in 20, 30, 40 years down the line?
Social security represents the extreme irresponsibility of the boomer. Too lazy to save for retirement... make the kids pay for it. Too lazy to make kids...
And so, broke it goes.
For those who aren't nihilists, SS works.
Why is that graph flat for the past 30years?
If the Fed took the same 6% tax for Social Security and allowed people to invest in their own retirement, how would that be a bad thing?
Why should I pay the government now for something I might get back in 40 years?
It’s my money. Why can’t I invest it for my retirement?