It's not a coincidence; baby boomers are scheduled to take over $9 Trillion more than they paid into the system through Social Security, Medicare & Medicaid benefits, shows Stanley Druckenmiller's study. Millennials will pay the difference.https://twitter.com/AdContrarian/status/1069425860644622337 …
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The system is designed to allow non-working people to purchase goods/services from working people. The relatively small amount taken from paychecks ensures there is always enough financial and real resources to provide for the aged and disabled without causing inflation. Smart.
I like your description, but I don't think it's worked like you said. First, social security is pretty paltry and I know many people of that age who have moved to Mexico, DR, or the Philippines in an effort to make that money go longer.
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Second, because we've had inflation in medical costs, the system seems to be collapsing on itself.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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