Electile Dysfunction (Current students plz look!)

[WRXtranceformed]

I also understand your sentiment on forced retirement spending.  But unfortunately people are short sighted and without some sort of forced retirement; we will end up eating these people into a system that costs us far more.  I would rather force people to put some money into forced retirement out of their own paychecks vs completely paying for them out of my paycheck later on in life.  Social Security isnt perfect; but it's the net we need to make sure our neighbors have some sort of retirement vs becoming destitute and relying completely on the system.

I would gladly donate all of my lifetime accrued social security benefit to someone who didn't or couldn't save and needed it, if I didn't have to pay another dime into it for the rest of my life

Every one of us here in every tax bracket is going to be salty when we get into our 60s and start drawing on SS at a fraction of what we actually paid in, if we get any of it at all.  Let's revisit this if in 25-30 years we aren't all dead from the apocalypse

every two years the SSA sends out the document with your status and what to expect. they are already saying in 27 years i'll receive 30% less without intervention.... that 30% is going to just increase as we age. dollar for dollar is going to be a net loss for most of us in this forum over time... who knows where the dollar for dollar line will be on income... too many years of politicians meddling to predict it.

Sorry, but most experts disagree that we will be insolvent on SS.  In fact, we can run at our current pay out till 2035 without a single change.  Even AFTER 2035 with WORST case scenario of no change; we will likely receive 75-90% of our benefit.  And that's at our current very low "return on investment that the fund gets".

Small tax law changes now will easily push this out/keep it good in perpetuity.

I guess I am at a loss of why you would rather have 100% of those extra dollars gone vs having 75% of it.  If SS didn't exist, those same people needing SS would be on FULL TIME benefits from the govt of which they have not added into at all.
And if you are on the train of "but I can do better with my money"; that's great.  The system isnt there for you.  It's for those who 100% would not put in if they werent forced to and SOMETHING is better than nothing.  Again, saving YOU money long term by having these people save forcefully vs having to hike our income/capital gains to pay for our already overtaxed system.

Plus if you are so good with your money, and you would rather give that money back...well then don't claim your SS when you are of age.  It's a fund in the trust of the govt, so if you dont claim it; it will keep SS more solvent for those who need it.  Hey, exactly what you wanted!

If you were responding to me, I think you misread what I wrote.  I'd rather give that money back IF I didn't have to pay into it going forward.  If I don't get all or at the very least the vast majority of what I've been forced to pay into social security when I retire I'm going to be salty af, as everyone should be