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.
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.