📰 Source: youtube | misesmedia

✍️ Original author: misesmedia

⬆️ score: 1,943

The only way to fund Social Security is with current tax dollars, inflicted on current workers and families. There is no pot of money somewhere that current retirees “paid into.”

0:00 Intro — the trust fund runs dry in 2032 0:40 There is no trust fund in any real sense 1:29 No legal contract, and the courts have said so 2:49 The highway robber parable 4:12 Social Security is just a welfare program 5:02 Why the CBO lowered its projections 5:57 Fewer taxpayers to fleece: fertility and immigration 6:50 Whose property is the money, actually? 7:42 The Cato poll: 89% of over-65s want younger people taxed more 8:35 Solution one: end the cost of living adjustments 9:25 Why ending COLAs would build opposition to inflation 9:53 Solution two: raise the eligibility age to 75 11:13 The debt interest bill is coming for the program 12:06 Why neither solution will be adopted

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