The thing about social security is that if it is destroyed, it just never comes back.
It requires trusting in the stability of government for the next 50+ years, who would possibly pay into a system that for all they know will just get looted again by private equity in a few years
It requires trusting in the stability of government for the next 50+ years, who would possibly pay into a system that for all they know will just get looted again by private equity in a few years
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And in 60 years it could happen 15 more times.
Who would possibly trust it enough to take that gamble with their own money?
The moment lots of people begin to ask "so am I not getting a check this month?" it has already been destroyed.
You can't run a program that requires 60 years of buy-in if the chaos is measured in weeks.
you can't both have trust in institutions and other people and simultaneously push the idea that everything is a competition and everyone is hunting for the very rare chance of social mobility.
also you have hate flags in your bio
Enforcement is (relatively) easy. What’s hard is building & maintaining a political coalition to legislatively re-establish & protect it. Even WITH its strong constituency, it’s faced decades of privatization threats. If their confidence in it is shaken? It’s toast.