The go-broke dates for Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates, according to the annual Social Security and Medicare trustees report Monday.
Still, officials warn that policy changes are needed lest the programs become unable to pay full benefits to retiring Americans.
You’re simply describing the skewed tax burden placed upon the middle and lower classes. Rich people should be paying more. Social security isn’t an investment fund and shouldn’t be an investment fund.
Ssa.gov
Investopedia.com
The only thing not making it an investment fund is that the government forcefully takes the money and you don’t own the money after it is taken.
The average person gets the majority of their retirement income from SS.
Ask the average person what SS is. They will say that it is a retirement fund. What is a retirement fund? An investment fund.
Ssa.gov
Sorry but asking random people what something is might make for funny late night TV but it’s not how you define things.