Oh did you work your whole life like everyone else? Sucks to be you!
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Dude they are giving chain migration oldsters CPP and OAS.
They've never paid a dime into everything.
Social Security is not a savings scheme, it's a ponzi scheme. When money is taken out of your paycheck it's immediately paid to Social Security recipients. Your money is gone; US courts have ruled that you have no right to receive Social Security and it's just a welfare scheme the Congress can modify at will.
"But isn't there some sort of trust fund?"
Yes, which buys US Treasuries (ie lends the money to the US government).
So the government owes you the Social Security money, just like if there weren't any Treasuries. When Social Security needs to use the trust fund, it sells Treasuries, just like the US government would do if there were no trust fund.
I believe Canada's OAS (old age security) is also a pay-as-you-go ponzi though
They will NEVER cut LGBT/Troon funding or programs.
@f5b55f6b44b8997b2b6e8469a6a57f8d3f3b2ef27023543445c40ecec485ee64 @threalist @PNS
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A long time ago, someone on the internet told me that Social Security couldn't be a Ponzi because it has trustees. So I took to reading the summary of the trustees report because these are the very people that the smart internet person told me are the essential separation between Social Security and a Ponzi.
@f5b55f6b44b8997b2b6e8469a6a57f8d3f3b2ef27023543445c40ecec485ee64 @threalist @PNS
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https://www.ssa.gov/oact/trsum/
"The Old-Age and Survivors Insurance (OASI) Trust Fund will be able to pay 100 percent of total scheduled benefits until 2033, unchanged from last year’s report. At that time, the fund’s reserves will become depleted"
It turns out that the fundamental function of a Ponzi doesn't care about the job titles of people who are paid to write reports about it.
The vast majority of the national debt in both USA and Canada is medicare and OAS that the governments spent already on unrelated BS and have no means to repay.