Remy does it again,
Uncle Sam, where does my money go?

https://youtu.be/UpQL6RFLtDw

Looks like for 2018, just the interest on the US debt will be about $310 billion for the year. By 2028 estimates are $761 billion. Of course, these government supplied Goldilocks figures assume that the government can keep forcing interest rates and inflation artificially low.
https://www.thebalance.com/interest-o...

I believe the interest on the debt is "only" $200 Billion per year. Also, all funds collected for social security have already been spent in the general fund. There are IOUs for social security, but taxes will have to be collected to pay these. There is no money for social security. So yes, a big chunk of our taxes pays social security.

But of course. The great, powerful and omniscient government.

The index went up, mostly because of the businesses that wouldn’t have survived in a free market were subsidized by the livehoods of the people.

Sorry son. Maybe we will be able send you to college next year.

In a free market, good technology will happen but politicians are very very impatient and abuse lots of other people’s future earnings to spend on the wackiest ideals.

But government has changed the way they calculate inflation. Now when something costs more, and Capitalist induced technology has made it so you get a better product, it isn’t calculated as costing more. Many times it costs less, even though it cost more. This was done since Social Security payouts are legally tied to inflation.
Hard to discover the true history of inflation when they keep changing the math.

Ah yes, the miracle of inflation. Something about the Wiemar Republic comes to mind.

Couldn’t wait to hear all the reasons those companies failed, and he index dropped, except the simple answer, that it is presently unaffordable.

Hard to deal with cognitive dissonance

Like a multi-trillion dollar game of hot potato, where the last politician still in office when the system collapses loses.

A green index fund would invest in only “green” company’s that only promote wind, solar, hydro, geothermal, tidal, etc.
You know, all those unprofitable companies that have been getting the big largesse from governments, thus making them very profitable.
Although a bunch still went bankrupt, costing Americans billions. Remember Solyndra?

I agree, it is a failed idea. I used to point out to people that if you put the same amount of money into a savings account you would be better off when you retired and if you died early the money would be available to your heirs not simply disappear. Couldn't even convince my own mom, she loved Roosevelt but then that is the era she grew up in.

Not certain of exactly what you are trying to say.

Not at all. Just pointing out it is broken, and can’t be fixed (presently) because people want their money back. It is Chapter 11

It was never intended to be a program that worked. The reason that the age was set at 62 in the beginning was that most people were dead by then and they figured they would seldom pay out. That is why the politicians figured they could get away with it. I have been against the program since I started working at 13 and found out how it works. Are you implying that I am for this program?

Hadn’t seen that one, but the converse for sure.

I would gladly pay you Tuesday for a hamburger today.

They can’t be good. They are capitalists after all.

Yes! And regardless of how smart we all are, we reach few with our message!

But just change the value of the dollar, and all is forgiven, no?

I have to pile on with Blarman (don’t go marking calendars!) that there are valid functions of government that simple individual capitalism will not serve.

That would definitely help! No doubt!

Self licking ice cream cone

Wow. Regardless, social security is a ridiculous, broken program, which “little boys and girls” is just what the guys you love want more of.

Two tennis shoes in a dryer. My favorite group!