Hacker News new | ask | show | jobs
by dahfizz 1703 days ago
Social security has never made sense to me. Not only do wealthy people get to collect social security, but they actually get paid more than less wealthy people, by design. All the money is going to the people who don't need it. Why would the left support something so unequal, and why would the right support a forced savings plan with such bad ROI?

It seems so wasteful. Its a terrible deal for everyone involved, really. Those who made a lot of money and had to pay a lot into SS made terrible returns and would have been better off investing the money. Those who only made a little, and only paid in a little, do not get paid enough to live off of anyway and would have been better off seeing that money in their paycheck.

The only people who benefited from SS were the people retiring soon after is was implemented. Everyone else is worse off, but nobody wants to get rid of it because then they won't get to collect.