It might not pay 100% of the benefits we receive today, but tomorrow’s workers can continue to pay FICA tax. Those funds will be used in turn to pay retired and disabled workers their well earned benefits. Federal income taxes are not used.** Unless the Repubs plan to steal that, too? It’s possible.

Of course, I guess we can have 100% unemployment in 2036. If that happens it’ll be pitchforks and guillotines for those who made it happen. And we’ll levy a substantial wealth tax on those that remain.

(No wonder the trillionaire class are building bunkers and buying private islands for themselves. What are these vampires planning?)

It’s an inter-generational compact. Workers pay the retired generation, who paid benefits to the generation that retired before them. When current workers retire (or are disabled), the generation behind them will pay benefits to them. That’s how it works—unless the Repubs intend to destroy that compact. Why? It’s the cruelty, isn’t it? Sadistic vampires.

**FIT is used to repay what was borrowed from the Social Security Trust fund, which belongs to workers, under taxed billionaires and millionaires. I can see the latter reneging on their obligations. But there still is the flow of FICA taxes from workers to the retired and disabled. It better be hands off of that!

rich to pay for it! Forever

Social Security will be able to pay out about 70% of scheduled benefits after the trust fund is exhausted. That will be bad for retirees and people on disability for whom SS is their only source of income for sure. I’m quite sure that nobody in Washington will be willing to face the consequences of such an outcome so I think there’s at least a 90% chance of a fix between now and then but the longer we wait the more expensive it will be get.

Or the payout will be 78% not 70%
-Airplane

The shortfall could be fixed easily enough by just removing the cap on income subject to the tax. That’s only 6% of workers who are the wealthiest individuals in the country.

to make sure it functions as designed. And then some. Richest nation in the world, no? Best of the best?

Throw in Medicare for all, too.

Same reasoning. Time to adjust our priorities via the ballot box.

It will continue to pay 78% of benefits unless ana adjustment is made on the collections side.

My dad died 20 years ago and one of the last conversations we had was whe he talked about Spcoa; Secirotu, saying not to listen to a word the Republicans said about it because they'd een spewing the same tired old horse shit since the year it was started, a year he remembered very well.

They pull that bullshit out with a predicted end of the world as retirees know it every time they think enough new chumps have come of age since the last time.

tithe to a church and claim deduction on tax return.

Everyone else could get a raise.

They’ve been living the high life at the expense of the people of this nation who keep everything operating at a first class level.