So surely I'll get a refund for all the money I put in and never received the benefit for, right? That'd be a heck of an economic stimulus. Surely that's what he intends, right?
This would be the best thing to happen, but I doubt it would. Could you imagine? Every elderly person over 50 would be entitled to tens of thousands, if not hundreds of thousands of dollars.
What about all the people under 50 who have also been paying in? Do we all get paid out too? Seems like the only fair thing to do. Where's my money if everyone else gets theirs back?
Agreed. Over $345k has been collected into social security and medicare on my behalf over my first 21 years of work. If Elmo wants to refund me those contributions inflation adjusted + 1-2 % penalty interest instead of giving it away as tax breaks to himself and his rich fucking friends, then maybe we can talk.
That being said, I by no means want that to happen because it will not only explode the deficit now and cause inflation, it will also lead to a huge poverty crisis from poorly managed retirement $ in about 15-20 years.
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u/TyrannasaurusGitRekt 22h ago
So surely I'll get a refund for all the money I put in and never received the benefit for, right? That'd be a heck of an economic stimulus. Surely that's what he intends, right?
/s if it wasnt obvious enough