Nature of Social Security
U.S. Congresswoman Pramila Jayapal (D–WA) claims, “Social Security … is an earned benefit program. You pay into it, you get out of it.”
IN FACT, there are massive individual and generational differences between what people pay in SS taxes and what they receive in benefits. The popular myth that SS “saves my money” has enabled creeping socialism in which each generation of beneficiaries takes more of the next generation’s paychecks. The same is true of the common fiction that SS has been looted.
