Social Security taxes current workers to pay Social Security benefits for current retirees. In other words, the new entrants into the Social Security system, the young workers, pay off the previous entrants, the older workers. And despite the fact you have a Social Security “account”, there is no necessary link between what you paid into the system in taxes, and what you receive.
Don't worry, be happy. Have some more ouzo. Everything is under control. Trust me.
Sunday, December 28, 2008
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3 comments:
There's a temptation to make some kind of greatest generation joke here.
Looking back at JJ's predictions for 2008.
Keeping the faith. Ahhhhh, what a slogan.
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