Comment on It's rigged
Railcar8095@lemmy.world 2 weeks agoWe shouldn’t be so close minded really. The same thing happens in my country, there’s a maximum absolute value you can pay a social security tax, because there’s a maximum you can get in the form of unemployment and retirement. Then there’s the income tax which is not capped and it’s progressive.
Leaving this info aside on a quick meme is one thing, but to tell people that point it out to “follow the herd” feels to deliberately want people to be misguided.
I don’t know how exactly the social security works there, but does make sense that a different tax works different than the income tax.
SippyCup@lemmy.world 1 week ago
If the maximum amount going in is exactly what people would expect to withdraw, then it cannot possibly ever pay for itself. It’s a ponze scheme, and is designed to eventually fail, leaving working class people holding the bag.
Railcar8095@lemmy.world 1 week ago
That’s the spirit of discussion I think we need to have. Even if you are mistaken about what a ponzi scheme is, now we know why you think certain way
SippyCup@lemmy.world 1 week ago
A ponze scheme is a scheme in which investors are paid only by recruiting new investors.
That’s literally how social security works.
Railcar8095@lemmy.world 1 week ago
Ponzi.
Get at least the name right of you want to have some credibility. Then get the definition and details right, but that’s too much.