1/ The Cathedral is starting to admit that Social Security is going to collapsehttps://www.washingtonpost.com/opinions/we-were-right-to-worry-about-the-nations-fiscal-future-but-i-know-when-to-fold-em/2021/01/27/dae752fc-6023-11eb-9061-07abcc1f9229_story.html …
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If you look at countries decades ahead of the USA demographically, with SS equivalent, you can see that it's not SS that is going to collapse, they are going to squeeze to death workers instead. See italy, germany, austria, for examples of that. Payroll tax is 33% in Italy.
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Most countries with SS-equivalent schemes (pay as you go mandatory public pensions) do 2 things: they increase payroll taxes and delay the date you can access benefits. So USA will do the same: in due time SS will start at 65, then 67 etc, and payroll taxes will grow.
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