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Dems' Wealth Tax Bill Would Extend Social Security Solvency by 75+ Years: Analysis (www.commondreams.org)

submitted 1 year ago by [email protected] to c/[email protected]

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"This bill shows that Social Security is fully affordable—as long as the wealthiest among us pay their fair share," said one advocate.

Legislation recently introduced by a pair of Democratic U.S. lawmakers to save Social Security for generations to come would extend the vital social program's lifespan by at least 75 years, according to a federal analysis published Tuesday.

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[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

No, that's absolutely not the idea behind Social Security. At all. It's explicitly not that. The fact that people view it this way is exactly the problem.

You are not getting back the same money you put in. It's not a retirement account, it's a social safety net, and retirees are not the only people who receive (and rely on for survival) SS benefits. Many of them have never paid a dime into SS in their entire lives, and they still deserve that benefit.