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by ams6110
3692 days ago
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The money you put into SS is used to pay the benefits of the people drawing on it today. Anything left over is loaned to the government (yes an IOU to itself). There is no account with your name on it that holds the dollars that have been taken from you all your life. There is no trust fund. It's a giant pyramid scheme. |
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No it isn't.
> The money you put into SS is used to pay the benefits of the people drawing on it today.
That doesn't make it a pyramid scheme.