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In reply to the discussion: Trump proposals could drain Social Security in 6 years, budget group says [View all]Farmer-Rick
(11,650 posts)When Social Security was first developed, the current work force paid for their parents' retirement. The trust fund was simply a pass through account, where money sat momentarily until it was time to distribute it.
Then came senile old Raygun and he doubled the SocSec tax. He put half our SocSec tax in the trust fund and half went to the Baby Boomers' parents. That hunk of money in the trust fund is supposed to go away after we Baby Boomers all die. It's supposed to turn into a pass through account again.
So it doesn't matter if the account is mostly emptied, as long as this generation still is putting money into it for their retirement. A simple adjustment to force lazy billionaires to pay their fair share will easily solve any future problems.
Also Republicans like to lump Medicare and SocSec together. This makes it seem like the healthcare funding problems of our commercialized medical practices are SocSec problems. They are Not.
Unless Trump starts taking out money from the SocSec trust fund to pay for government or his excessive lifestyle, SocSec should be solvent.
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