#178 - Not How It Works
2016-06-14
Contrary to the knowledge of some, Social Security is not saved for it's specific contributor. As acknowledged by the Social Security Administration itself: "The Social Security taxes
you now pay go into the Social
Security Trust Funds and are
used to pay benefits to current
beneficiaries".
Paying into social security does not accrue money for those taxed. It simply reserves a spot in line to be the recipient of the money that the next generation is swindled out of.