The contribution limit was set decades ago when wealth inequality wasn’t as bad of an issue
If we got rid of the cap, we’d have no problem finding it. And the people above the cap, just don’t need the money anyways.
Comment on Study: 83% of Americans will have to work into their 70s in order to afford to retire
huginn@feddit.it 3 months agoDon’t believe that horseshit “we don’t have money for Social Security” conservative talking point.
- We have money just not the way it’s currently funded
- Cutting social security is political suicide
The only way social security goes away is if conservatives think they can win an election without old people. Fat chance.
givesomefucks@lemmy.world 3 months ago
Lost_My_Mind@lemmy.world 3 months ago
How many decades ago? Because I seem to be able to trace a wealth gap dating back to days that may or may not have even happened. We don’t know, because recording history on written paper was considered offensive. And religion itself isn’t the best source of info, I get that, but Jesus’s whole existence was supposed to be the whole magic trick of “feed a whole village with one loaf of bread”. With the idea that the whole villiage was full of poor people, and he was providing aid against their hunger.
And in order for that to even be believable in any sense, you first have to be able to agree on the idea that a wealth gap between the elite and the poor was already in existence.
Again, not that religion is reliable in any official sense, but it does help paint the picture that shit’s always been bad.
Maggoty@lemmy.world 3 months ago
7 Decades.
Lost_My_Mind@lemmy.world 3 months ago
So, the 1950s is when you think the wealth gap started?
Guess all those french dudes in the 1800s were revolting over nothing, and the russian revolution was all for nothing?
jettrscga@lemmy.world 3 months ago
All they have to do is take it away from future generations while allowing the current elderly generation keep it.
The old voters stay happy and the politicians who screw everyone over are long gone by the time the implications hit.
shalafi@lemmy.world 3 months ago
No lie. I asked a financial advisor when I was in my late 20s, almost 30-years ago.
“You’re getting your Social Security or there will be riots in the streets. Plan accordingly.”
In 1989 we high school seniors said we wouldn’t get Social Security. We will, no matter what.
GoddessNoAi@lemmynsfw.com 3 months ago
Republicans will take away social security, blame Democrats, and their voters will believe them.
cheese_greater@lemmy.world 3 months ago
Their old people will be grandfathered in