[simonsarris]

There's no steering anything. You are not paying for yourself, you are paying for current retirees on the hopes that there will be enough people to pay for your. Current retirees are not getting enough from that, so they are accumulating debt to pay themselves even more, hence the article.

Since the population pyramid has not worked that way, you will simply have a worse time, and younger people even worse, unless you can convince the people after to take on even more debt.

"Children are the retirement plan" has been true all along, only obfuscated. It would have been more sensible if social security payouts were contingent on how much tax revenue your children made, rather than the current model.

[potato3732842]

>Since the population pyramid has not worked that way, you will simply have a worse time, and younger people even worse, unless you can convince the people after to take on even more debt.

Why is "just pay current recipients enough to get them to STFU and phase out the program" not an option?

It's not like anyone under 60 didn't at least have some expectation SS might go tits up. Younger genx on down have been raised to expect nothing so they won't be too sad. They'll be happy to stop paying if anything.

[whimsicalism]

gen Xers would fight it tooth and nail, you underestimate.

even many in my Gen Z cohort would be pissed, although i would be celebrating

[potato3732842]

>gen Xers would fight it tooth and nail, you underestimate.

I think that's filter bubble speaking. People who aren't ideologically in favor of entitlements would likely be mildly for or against. People who are ideologically against entitlements would consider it a good thing.

[Taikonerd]

I feel like even people who don't care much about ideology care a great deal about how much they, personally, are going to be paid.

Especially if they amount they're going to be paid is going from $LOTS to zero.

[whimsicalism]

Soon-to-be recipients stand to lose out on tens of thousands of dollars from SS cuts. I think this would skew the normal distribution of ideological views you are imagining far more than you think.

Don’t think this is “filter bubble” as I don’t interact with many Gen Xers and the ones I do likely skew skeptical of SS.

[Hammershaft]

Children are the retirement plan but tax revenue positive migrants can also plug the gap.