silence7@slrpnk.net to politics @lemmy.worldEnglish · 16 hours agoDOGE follows longtime Musk pattern — and turns attention to Social Security Administrationwww.semafor.comexternal-linkmessage-square34fedilinkarrow-up1224arrow-down12cross-posted to: drudgereport@rss.ponder.cat
arrow-up1222arrow-down1external-linkDOGE follows longtime Musk pattern — and turns attention to Social Security Administrationwww.semafor.comsilence7@slrpnk.net to politics @lemmy.worldEnglish · 16 hours agomessage-square34fedilinkcross-posted to: drudgereport@rss.ponder.cat
minus-squareℍ𝕂-𝟞𝟝@sopuli.xyzlinkfedilinkEnglisharrow-up5·11 hours agoYour parents and grandparents also paid contributions, didn’t they?
minus-squaremeeeeetch@lemmy.worldlinkfedilinkarrow-up4·8 hours agoThe money they paid was so that their parents and grandparents had a little something going into retirement.
minus-squareℍ𝕂-𝟞𝟝@sopuli.xyzlinkfedilinkEnglisharrow-up1·52 minutes agoAre your parents paid out according to your contributions or their own?
minus-squaremeeeeetch@lemmy.worldlinkfedilinkarrow-up1·42 minutes agoThey’re paid out according to their contributions. But they’re paid with money current workers are paying in. It is technically a ponzi, but was designed to be sustainable instead of promising reckless profits.
minus-squaresilence7@slrpnk.netOPlinkfedilinkarrow-up1·2 hours agoExactly. It’s a system that works almost entirely as a pay-as-you-go system, with each generation paying for the retirement of their elders.
Your parents and grandparents also paid contributions, didn’t they?
The money they paid was so that their parents and grandparents had a little something going into retirement.
Are your parents paid out according to your contributions or their own?
They’re paid out according to their contributions. But they’re paid with money current workers are paying in. It is technically a ponzi, but was designed to be sustainable instead of promising reckless profits.
Exactly. It’s a system that works almost entirely as a pay-as-you-go system, with each generation paying for the retirement of their elders.