@Beemann someone finally pushes the same point I did

If your under you drop it

honestly Codes I used to think the same about welfare. then I got educated on lots of things and it opened my mind

By that guy who, you would only not suck off because you dont want to cheat?

Wait, why should I pay into a system for benefits I will never see? You pay for the current set of retirees, not yourself

about heal insurance, "free" health care, economics, human psychology

Why should I get fucked over by this easing off?

I mean, if you keep paying then its because you are too old to start funding your own retirement

it makes you realise that no matter now nice a policy is it probably wont look anything like the original idea in execution

So you still get benefits

Milton Friedman had a solution here

and will hurt more than it helps

Until everyone is off it or dead

Convert all outstanding social security liabilities to federal bonds.

@Atkins thats actually not a bad idea. i'd be interested to lean a bit on that. it in a book or a lecture?

lean? learn

The other guy people suck off

Eww

>anyone who gets referenced gets sucked off

@Atkins I actually heard that from him too

but it won't happen

we have very different idea of what asucking off means i think

Blowjob

https://youtu.be/UlNxIc9gUMc?t=699

thanks!

love that the channel is called "BasicEconomics"

Dude probably sucks them off too

holy crap @Atkins thats so simple and logical

@Cody you probably suck off Karl Marx, and he wouldn't pay you for it

Like honestly, I am not about that authority life

Doing this bond conversion scheme would make the accounting work, would give everyone what they've been promised, and would allow for a clean and simple way to shut the program down without anyone getting shorted.

BUT

I go my own way

Karl Marx gets ducked off by commies

Gross

It would be a pretty hefty expansion of the money supply.

So here's the thing that concerns me. Currently the economy in the west is geared toward disincentivizing saving, to the point where regulatory intervention and speculative purchases are needed to retain value. What do we do about retirement going forward? Depend on those systems and hope they don't go tits up?

That expansion is going to happen regardless, but this makes it overt.

Well, that's a tough question

Instead of just borrowing and borrowing for bigger and bigger deficits, printing money though the fed.

But I wont go duck off some dudes