We shouldn’t be so close minded really. The same thing happens in my country, there’s a maximum absolute value you can pay a social security tax, because there’s a maximum you can get in the form of unemployment and retirement.
Then there’s the income tax which is not capped and it’s progressive.
Leaving this info aside on a quick meme is one thing, but to tell people that point it out to “follow the herd” feels to deliberately want people to be misguided.
I don’t know how exactly the social security works there, but does make sense that a different tax works different than the income tax.
If the maximum amount going in is exactly what people would expect to withdraw, then it cannot possibly ever pay for itself. It’s a ponze scheme, and is designed to eventually fail, leaving working class people holding the bag.
Brother read the room
We shouldn’t be so close minded really. The same thing happens in my country, there’s a maximum absolute value you can pay a social security tax, because there’s a maximum you can get in the form of unemployment and retirement. Then there’s the income tax which is not capped and it’s progressive.
Leaving this info aside on a quick meme is one thing, but to tell people that point it out to “follow the herd” feels to deliberately want people to be misguided.
I don’t know how exactly the social security works there, but does make sense that a different tax works different than the income tax.
If the maximum amount going in is exactly what people would expect to withdraw, then it cannot possibly ever pay for itself. It’s a ponze scheme, and is designed to eventually fail, leaving working class people holding the bag.
That’s the spirit of discussion I think we need to have. Even if you are mistaken about what a ponzi scheme is, now we know why you think certain way
A ponze scheme is a scheme in which investors are paid only by recruiting new investors.
That’s literally how social security works. Except the investors are the working class and they have no choice.
Ponzi.
Get at least the name right of you want to have some credibility. Then get the definition and details right, but that’s too much.
Why should I care about the room? I’m not here to glaze other people into liking me.