Source: The Dispatch
by Kevin D Williamson
“Franklin Roosevelt described Social Security as though it were an investment plan, a kind of federally secured savings account for retirement, and his epigones in both parties have continued that long and dishonest tradition. It is, of course, no such thing: Social Security is an ordinary welfare program in which the federal government takes money from taxpayers to provide benefits to a favored class of people, in this case oldsters and people with disabilities. There is a separate payroll tax producing revenue the federal government pretends to set aside for Social Security and Medicare, which is done to reinforce the myth that Social Security is a system that people ‘pay into’ before receiving payments that are, in some sense, a return on investment.” (03/07/25)
https://thedispatch.com/article/social-security-ponzi-scheme-elon-musk/