silence7@slrpnk.net to politics @lemmy.worldEnglish · 16 hours agoDOGE follows longtime Musk pattern — and turns attention to Social Security Administrationwww.semafor.comexternal-linkmessage-square33fedilinkarrow-up1215arrow-down12
arrow-up1213arrow-down1external-linkDOGE follows longtime Musk pattern — and turns attention to Social Security Administrationwww.semafor.comsilence7@slrpnk.net to politics @lemmy.worldEnglish · 16 hours agomessage-square33fedilink
minus-squaresilence7@slrpnk.netOPlinkfedilinkarrow-up5arrow-down3·13 hours agoIt was always a substitute for paying to maintain your parents or grandparents in retirement. Unless you’re an immigrant, you’ve already been getting it back.
minus-squareℍ𝕂-𝟞𝟝@sopuli.xyzlinkfedilinkEnglisharrow-up5·11 hours agoYour parents and grandparents also paid contributions, didn’t they?
minus-squaremeeeeetch@lemmy.worldlinkfedilinkarrow-up4·8 hours agoThe money they paid was so that their parents and grandparents had a little something going into retirement.
minus-squareℍ𝕂-𝟞𝟝@sopuli.xyzlinkfedilinkEnglisharrow-up1·53 minutes agoAre your parents paid out according to your contributions or their own?
minus-squaresilence7@slrpnk.netOPlinkfedilinkarrow-up1·2 hours agoExactly. It’s a system that works almost entirely as a pay-as-you-go system, with each generation paying for the retirement of their elders.
It was always a substitute for paying to maintain your parents or grandparents in retirement. Unless you’re an immigrant, you’ve already been getting it back.
Your parents and grandparents also paid contributions, didn’t they?
The money they paid was so that their parents and grandparents had a little something going into retirement.
Are your parents paid out according to your contributions or their own?
Exactly. It’s a system that works almost entirely as a pay-as-you-go system, with each generation paying for the retirement of their elders.