That's fine. IF... social security had stayed in a bank fund, it would have gained interest, and it would have been solvent for as long as we could see.
IF... That's the key word. IF. Welcome to reality Top Gun. When politicians are given control of your retirement, they are perfect angelic beings, that act in the best interest of the public, and will always do what is perfect and wholesome, and would never betray the trust of those who gave the money because they are our ever truthful, never lying, government bureaucrats.
No... They lie... they spend money they don't have... they take money from S.S. they were not supposed to... they blame others for the things they did. Welcome to government. Your government spent your money, and it's gone. This is why conservatives want to take as much control away from government as possible.
You can debate on what should have, could have, would have, worked until the end of time. When you want to talk about the real world, let us know.
Communism was designed with the best of intentions. The results were mass deaths, gulags, and a 66% poverty rate. FDR could have said he was making the law to fight alien chickens from mars. That doesn't change the results.
Yeah, and if you did any research on economics, you'd find that S.S. caused a massive nation wide recession that left us in the depression right as things were turning for the better. S.S. caused the depression to last years longer than it would have otherwise.
The first person to receive S.S., had her own home, car, and lived alone. Quite a contrast to the 3 seniors crammed into a tiny apartment with roaches all over the place. You can make these claims, I need evidence. If you can show me clear evidence that, not your empty hearsay, that the elder were in fact far worse off before, then I'll agree it's done *SOME* good.
You are assuming that those 46 million people would be broke without it. Simply using a system does not mean that without it people would die, starve, or wander the streets.
That's simply not true. People take advantage of whatever system they can, whether they need it or not.
When welfare was reformed by the republicans, idiots all over claimed children would die in the streets. Single moms would die in the gutters with babies crawling all over them. Instead, something amazing and shocking happened. They got a job, and provided for themselves.
Further, if people would be allowed to invest that money whichever way they choose (you know that whole power to the people, freedom thing), they could earn for more return on their investment than S.S. could ever provide.