[matrix87]

> is used to transfer money to individuals with, on average, significantly higher net worths than those paying the tax

I mean, no shit. People at retirement age will have more in savings than pretty much every other demographic

Somewhat unrelated, but if you look at the income curve and compare it to the benefits curve, the benefits curve is flatter. So it does do some redistribution from high earners to low earners as expected

https://www.cbpp.org/research/policy-basics-top-ten-facts-ab...